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REGISTERED NUMBER: 08266648 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Stay Brighton Ltd

Stay Brighton Ltd (Registered number: 08266648)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Stay Brighton Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D R Newman





REGISTERED OFFICE: 11 Brunswick Square
Hove
East Sussex
BN3 1EH





REGISTERED NUMBER: 08266648 (England and Wales)





ACCOUNTANTS: M Goddard & Co
Chartered Accountants
69 Tupwood Lane
Caterham
Surrey
CR3 6DD

Stay Brighton Ltd (Registered number: 08266648)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 61,543 76,730
Tangible assets 5 150,057 166,867
211,600 243,597

CURRENT ASSETS
Debtors 26,963 19,100
Cash at bank 7,077 89
34,040 19,189
CREDITORS
Amounts falling due within one year 329,056 252,447
NET CURRENT LIABILITIES (295,016 ) (233,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,416

)

10,339

CREDITORS
Amounts falling due after more than one
year

(22,465

)

(28,517

)

PROVISIONS FOR LIABILITIES (1,720 ) (3,905 )
NET LIABILITIES (107,601 ) (22,083 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (107,605 ) (22,087 )
SHAREHOLDERS' FUNDS (107,601 ) (22,083 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Stay Brighton Ltd (Registered number: 08266648)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





D R Newman - Director


Stay Brighton Ltd (Registered number: 08266648)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Stay Brighton Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced accommodation charges and related charges, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2013 and 2014, is being amortised evenly over the estimated useful life of ten years. Further goodwill was purchased in the year which relates to an airbnb boat rental in Malta, this is being amortised over 8 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 20% on cost

The company purchased a lease in 2015 which expires in 2020. This lease was purchased to enable the company to extend the lease for a 15 year term in 2020. As this was the case when the company made the purchase it is writing off the lease over a 20 year period rather than a 5 year period.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Stay Brighton Ltd (Registered number: 08266648)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 131,500
AMORTISATION
At 1 July 2023 54,770
Amortisation for year 15,187
At 30 June 2024 69,957
NET BOOK VALUE

At 30 June 2024 61,543
At 30 June 2023 76,730

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 442,997
Additions 2,174
At 30 June 2024 445,171
DEPRECIATION
At 1 July 2023 276,130
Charge for year 18,984
At 30 June 2024 295,114
NET BOOK VALUE
At 30 June 2024 150,057
At 30 June 2023 166,867

6. RELATED PARTY DISCLOSURES

The director of the company, Mr D Newman was owed £84,454 (2023:£124,799) by the company at the year end.

7. ULTIMATE CONTROLLING PARTY

The controlling party is D R Newman.