Company registration number:
13646966
Journey Holdings Limited
Unaudited filleted financial statements
31 August 2024
Journey Holdings Limited
Contents
Directors and other information
Balance sheet
Notes to the financial statements
Journey Holdings Limited
Directors and other information
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Director |
R D Liddle |
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Company number |
13646966 |
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Registered office |
17 Central Buildings |
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Market Place |
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Thirsk |
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North Yorkshire |
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YO7 1HD |
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Journey Holdings Limited
Balance sheet
31 August 2024
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31/08/24 |
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31/08/23 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
71,457 |
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96,448 |
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_______ |
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_______ |
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71,457 |
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96,448 |
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Current assets |
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Debtors |
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5 |
42,750 |
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- |
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Cash at bank and in hand |
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192 |
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100 |
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_______ |
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_______ |
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42,942 |
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100 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
121,800) |
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(
96,448) |
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_______ |
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_______ |
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Net current liabilities |
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(
78,858) |
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(
96,348) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
7,401) |
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100 |
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_______ |
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_______ |
Net (liabilities)/assets |
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(
7,401) |
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100 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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(
7,501) |
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- |
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_______ |
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_______ |
Shareholder (deficit)/funds |
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(
7,401) |
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100 |
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_______ |
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_______ |
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 April 2025
, and are signed on behalf of the board by:
R D Liddle
Director
Company registration number:
13646966
Journey Holdings Limited
Notes to the financial statements
Year ended 31 August 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 17 Central Buildings, Market Place, Thirsk, North Yorkshire, YO7 1HD.
The principal activity of the company is that of an investment holding company.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1 September 2023 |
96,448 |
96,448 |
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Additions |
10 |
10 |
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Disposals |
(
25,001) |
(
25,001) |
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_______ |
_______ |
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At 31 August 2024 |
71,457 |
71,457 |
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_______ |
_______ |
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Impairment |
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At 1 September 2023 and 31 August 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 August 2024 |
71,457 |
71,457 |
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_______ |
_______ |
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At 31 August 2023 |
96,448 |
96,448 |
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_______ |
_______ |
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5.
Debtors
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31/08/24 |
31/08/23 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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42,750 |
- |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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31/08/24 |
31/08/23 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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25,250 |
- |
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Other creditors |
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96,550 |
96,448 |
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_______ |
_______ |
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121,800 |
96,448 |
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_______ |
_______ |
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7.
Related party transactions
At the year end date an amount of £96,550 (2023: £96,438) was owed to R Liddle by the company.