REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
FOR |
5 STAR TENNIS HOLIDAYS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
FOR |
5 STAR TENNIS HOLIDAYS LIMITED |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
5 STAR TENNIS HOLIDAYS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Woodlands, |
27 Ferney Road |
Cheshunt |
Hertfordshire |
EN7 6XQ |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
BALANCE SHEET |
28 FEBRUARY 2025 |
28.2.25 | 29.2.24 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Work in progress |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET ASSETS |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
BALANCE SHEET - continued |
28 FEBRUARY 2025 |
28.2.25 | 29.2.24 |
Notes | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
1. | STATUTORY INFORMATION |
5 Star Tennis Holidays Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Income relating to sales as principal where the customer contracts directly with the company for the provision of non-cancellable travel and accommodation services is recognised in the financial year in which the travel services are completed. |
Payments received from customers are credited to a client account maintained by an independent third party. Expenditure on travel, accommodation and other services is recognised when the holiday has been completed. Otherwise, costs incurred in advance of the holiday are included as work in progess and income received to date is included under current liabilities as deferred income or within creditors falling due after more than one year if the services are expected to be performed more than twelve months from the reporting date. |
Cancellation income in respect of amounts paid on bookings cancelled by the customer prior to departure is recognised only when there is reasonable probability that there will be no claims made against the company on the forfeited amount. |
Purchases |
Purchases represents the cost of flight and accommodation bookings and other directly related costs net of refunds. |
INTANGIBLE ASSETS |
Expenditure incurred on the registration of domain names is being written off on a straight line basis over four years. |
TANGIBLE FIXED ASSETS |
Fixtures and fittings | - |
Computer equipment | - |
WORK IN PROGRESS |
Work in progress is stated at the lower of cost or net realisable value. |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
2. | ACCOUNTING POLICIES - continued |
TAXATION |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
FOREIGN CURRENCIES |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
FINANCIAL INSTRUMENTS AND CASH AND CASH EQUIVALENTS |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and recorded at the initial transaction cost. A provision for non-recovery of debtors is made where management consider that a risk exists that the company will not be able to recover fully amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank. |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 March 2024 |
and 28 February 2025 |
AMORTISATION |
At 1 March 2024 |
and 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2024 |
and 28 February 2025 |
DEPRECIATION |
At 1 March 2024 |
Charge for year |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
5. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 March 2024 |
and 28 February 2025 |
DEPRECIATION |
At 1 March 2024 |
Charge for year |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
6. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
28.2.25 | 29.2.24 |
£ | £ |
Other investment | 250,000 | 250,000 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Other debtors |
Directors' current accounts | 165,778 | 122,086 |
Prepayments and accrued income |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Hire purchase contracts |
10. | PROVISIONS FOR LIABILITIES |
28.2.25 | 29.2.24 |
£ | £ |
Deferred tax | 8,543 | - |
Deferred |
tax |
£ |
Provided during year |
Balance at 28 February 2025 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.25 | 29.2.24 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
5 STAR TENNIS HOLIDAYS LIMITED (REGISTERED NUMBER: 07562591) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
12. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2024 |
Profit for the year |
At 28 February 2025 |
13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 28 February 2025 and the period ended 29 February 2024: |
28.2.25 | 29.2.24 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Interest is charged by the company on the average loan amount outstanding throughout the year. The amount receivable in the period under review was £3,932 (2024-£1,878). |
14. | RELATED PARTY DISCLOSURES |
During the year, the company was charged for services provided by Goodlaw Professional Tennis Coaching Ltd totalling £20,000 (2024-£80,000).This is a company in which M A Lawrence is acting as a director. In addition, the company has provided interest free loans to Goodlaw. The amount due from Goodlaw at the Balance Sheet date was £564,385 (2024- £543,268). |
During the year the company was charged for services provided by School Tennis Tours Ltd amounting to £85,000 (2024-£55,000). This is a company in which M A Lawrence is the sole director and shareholder. In addition the company has provided short term loans on an interest free basis. The amount due from School Tennis Tours Ltd at the year end was £2,736 (2024-£4,593 owed to School Tennis Tours Ltd). |