20 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 157,000 10,467 15,700 26,167 130,833 146,533 xbrli:pure xbrli:shares iso4217:GBP 12258936 2023-06-01 2024-05-31 12258936 2024-05-31 12258936 2023-05-31 12258936 2022-06-01 2023-05-31 12258936 2023-05-31 12258936 2022-05-31 12258936 core:NetGoodwill 2023-06-01 2024-05-31 12258936 core:FurnitureFittings 2023-06-01 2024-05-31 12258936 bus:Director1 2023-06-01 2024-05-31 12258936 bus:Director2 2023-06-01 2024-05-31 12258936 core:NetGoodwill 2023-05-31 12258936 core:NetGoodwill 2024-05-31 12258936 core:FurnitureFittings 2023-05-31 12258936 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 12258936 core:FurnitureFittings 2024-05-31 12258936 core:WithinOneYear 2024-05-31 12258936 core:WithinOneYear 2023-05-31 12258936 core:AfterOneYear 2024-05-31 12258936 core:AfterOneYear 2023-05-31 12258936 core:ShareCapital 2024-05-31 12258936 core:ShareCapital 2023-05-31 12258936 core:RetainedEarningsAccumulatedLosses 2024-05-31 12258936 core:RetainedEarningsAccumulatedLosses 2023-05-31 12258936 core:NetGoodwill 2023-05-31 12258936 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 12258936 core:FurnitureFittings 2023-05-31 12258936 bus:SmallEntities 2023-06-01 2024-05-31 12258936 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12258936 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12258936 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12258936 bus:FullAccounts 2023-06-01 2024-05-31 12258936 core:ComputerEquipment 2023-06-01 2024-05-31 12258936 core:ComputerEquipment 2024-05-31 12258936 core:ComputerEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 12258936
Bella Escapes Limited
Unaudited financial statements
31 May 2024
Bella Escapes Limited
Statement of financial position
31 May 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
130,833
146,533
Tangible assets
6
3,464,179
3,474,873
-----------
-----------
3,595,012
3,621,406
Current assets
Stocks
37,770
36,850
Debtors
7
98,235
103,516
Cash at bank and in hand
35,994
49,599
---------
---------
171,999
189,965
Creditors: Amounts falling due within one year
8
( 2,035,659)
( 1,969,143)
-----------
-----------
Net current liabilities
( 1,863,660)
( 1,779,178)
-----------
-----------
Total assets less current liabilities
1,731,352
1,842,228
Creditors: Amounts falling due after more than one year
9
( 2,075,400)
( 2,014,009)
Provisions
Taxation including deferred tax
( 11,758)
-----------
-----------
Net liabilities
( 344,048)
( 183,539)
-----------
-----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 344,148)
( 183,639)
---------
---------
Shareholders deficit
( 344,048)
( 183,539)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bella Escapes Limited
Statement of financial position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
V R C Bush
Mrs N Bush
Director
Director
Company registration number: 12258936
Bella Escapes Limited
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cley Windmill, The Quay, Cley-Next-The-Sea, Holt, Norfolk, NR25 7RP, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has the continued support of its directors and secured creditors. The directors therefore expect the company will be able to trade for the foreseeable future and the accounts have therefore been prepared under a going concern basis. Should this basis not be appropriate it may prove necessary to write assets down to their net recoverable value and to provide for additional liabilities that may arise. It would also be necessary to reclassify amounts falling due after more than one year to to current liabilities.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of employees during the year was 20 (2023: 27 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
157,000
---------
Amortisation
At 1 June 2023
10,467
Charge for the year
15,700
---------
At 31 May 2024
26,167
---------
Carrying amount
At 31 May 2024
130,833
---------
At 31 May 2023
146,533
---------
6. Tangible assets
Freehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 June 2023 and 31 May 2024
3,438,333
53,176
2,090
3,493,599
-----------
-------
------
-----------
Depreciation
At 1 June 2023
16,745
1,981
18,726
Charge for the year
10,632
62
10,694
-----------
-------
------
-----------
At 31 May 2024
27,377
2,043
29,420
-----------
-------
------
-----------
Carrying amount
At 31 May 2024
3,438,333
25,799
47
3,464,179
-----------
-------
------
-----------
At 31 May 2023
3,438,333
36,431
109
3,474,873
-----------
-------
------
-----------
7. Debtors
2024
2023
£
£
Trade debtors
1,420
1,420
Other debtors
96,815
102,096
-------
---------
98,235
103,516
-------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
36,889
Trade creditors
80,959
43,061
Amounts owed to group undertakings
1,804,682
1,731,039
Social security and other taxes
21,939
27,901
Other creditors
128,079
130,253
-----------
-----------
2,035,659
1,969,143
-----------
-----------
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,075,400
2,014,009
-----------
-----------
The bank loan of £2,035,000 is secured against the assets of the company.
10. Directors' advances, credits and guarantees
During the year, the company operated an interest free loan account with the directors. As at 31 May 2024, the company owed the directors £8,622 (2023: £6,293).
11. Parent company
The parent company of Bella Escapes Limited is Theotis Limited and its registered office is Cley Windmill The Quay, Cley-Next-The-Sea, Holt, Norfolk, United Kingdom, NR25 7RP.