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Registration number: 13518519

Falmouth Holiday Property Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Falmouth Holiday Property Management Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Falmouth Holiday Property Management Ltd

Company Information

Directors

Rosanna Bradbury

Susan Bradbury

Registered office

43 Bickland View
Falmouth
Cornwall
TR11 5LP

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

 

Falmouth Holiday Property Management Ltd

(Registration number: 13518519)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,602

97

Current assets

 

Debtors

5

29

5,491

Cash at bank and in hand

 

-

447

 

29

5,938

Creditors: Amounts falling due within one year

6

(36,240)

(19,555)

Net current liabilities

 

(36,211)

(13,617)

Total assets less current liabilities

 

(12,609)

(13,520)

Provisions for liabilities

(193)

(19)

Net liabilities

 

(12,802)

(13,539)

Capital and reserves

 

Called up share capital

7

100

1

Retained earnings

(12,902)

(13,540)

Shareholders' deficit

 

(12,802)

(13,539)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Falmouth Holiday Property Management Ltd

(Registration number: 13518519)
Balance Sheet as at 31 July 2024

Approved and authorised by the Board on 26 April 2025 and signed on its behalf by:
 

.........................................
Rosanna Bradbury
Director

.........................................
Susan Bradbury
Director

 

Falmouth Holiday Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
43 Bickland View
Falmouth
Cornwall
TR11 5LP

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis and assumed the continued support of the directors for 12 months from the date these accounts are approved.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

 

Falmouth Holiday Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Falmouth Holiday Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

-

130

130

Additions

22,584

1,260

23,844

At 31 July 2024

22,584

1,390

23,974

Depreciation

At 1 August 2023

-

33

33

Charge for the year

-

339

339

At 31 July 2024

-

372

372

Carrying amount

At 31 July 2024

22,584

1,018

23,602

At 31 July 2023

-

97

97

Included within the net book value of land and buildings above is £22,584 (2023 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

3,566

Prepayments

29

39

Other debtors

-

1,886

 

29

5,491

 

Falmouth Holiday Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

14,220

Trade creditors

 

-

1,275

Amounts owed to group undertakings and undertakings in which the company has a participating interest

843

-

Taxation and social security

 

-

1,035

Accruals and deferred income

 

781

733

Other creditors

 

34,616

2,292

 

36,240

19,555

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

1

1

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

14,220