Company registration number 04689454 (England and Wales)
2 BY 2 HOLIDAYS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
2 BY 2 HOLIDAYS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
2 BY 2 HOLIDAYS LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
1,642
35,585
Current assets
Debtors
38,773
18,322
Cash at bank and in hand
305,739
215,558
344,512
233,880
Creditors: amounts falling due within one year
(179,377)
(97,771)
Net current assets
165,135
136,109
Total assets less current liabilities
166,777
171,694
Creditors: amounts falling due after more than one year
(6,499)
(17,767)
Provisions for liabilities
40,137
-
0
Net assets
200,415
153,927
Capital and reserves
Called up share capital
391,830
391,830
Profit and loss reserves
(191,415)
(237,903)
Total equity
200,415
153,927
2 BY 2 HOLIDAYS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -

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

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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 January 2025
Mrs Claire Farley
Director
Company registration number 04689454 (England and Wales)
2 BY 2 HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

2 By 2 Holidays Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Top-Op House, 5 Garland Road, Stanmore, Middlesex, HA7 1NR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in British sterling.

 

1.2
Turnover

Turnover represents the sales value of holidays sold.

Revenue is recognised based on the date of departure, or when monies which are not refundable to the customers are received, whichever happens first.

1.3
Tangible fixed assets

Tangible fixed assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the cost of each asset over its expected useful life as follows:

Leasehold property and improvements
Over the period of the lease
Fixture, fittings and equipment
5 years on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

 

 

1.4
Deferred tax assets

Deferred tax asset arising from unused tax losses are recognised to the extent it is probable that future taxable profits will be available against which losses can be utilised.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rate of exchange prevailing at the dates of the transactions. Gains and losses arising on translation in the period are included in profit and loss.

2 BY 2 HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
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