ACCOUNTS - Final Accounts preparation

Registered number: 12901151

HIDDEN JEWEL HOLIDAYS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024


HIDDEN JEWEL HOLIDAYS LTD REGISTERED NUMBER:12901151

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		-		432,774
Investment property			280,000		-
			280,000		432,774
Current assets
Cash at bank and in hand	7	451		16,080
		451		16,080
Creditors: amounts falling due within one year	8	(8,493)		(7,385)
Net current (liabilities)/assets			(8,042)		8,695
Total assets less current liabilities			271,958		441,469
Creditors: amounts falling due after more than one year	9		(464,380)		(453,596)

Net liabilities			(192,422)		(12,127)

Capital and reserves
Called up share capital	10	100	100
Profit and loss account	11	(192,522)	(12,227)
		(192,422)	(12,127)

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HIDDEN JEWEL HOLIDAYS LTD REGISTERED NUMBER:12901151

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.

R Agate

Director

The notes on pages 3 to 7 form part of these financial statements.

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HIDDEN JEWEL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

Hidden Jewel Holidays Ltd (12901151) is a private company, limited by shares, incorporated in England and Wales. The address of its registered office and principal place of business is 32 Queen Street, Aberystwyth, Ceredigion, SY23 1PU.
The principal activity of the Company is Holiday letting.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements are prepared on a going concern basis and assumes the continued support of the director.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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HIDDEN JEWEL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-	Not depreciated
				Property improvements	-	Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

The Companies Act 2006 requires tangible fixed assets to be depreciated. Freehold property is not depreciated. The director considers that the property is maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged to profit and loss.

2.6

Investment property

Investment property is carried at fair value determined annually by the Director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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HIDDEN JEWEL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the Directors, there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

5.	Tangible fixed assets

	Freehold property	Property improvements	Total
	£	£	£

At 1 October 2023	155,358	277,416	432,774
Additions	-	27,776	27,776
Transfer to investment property	(155,358)	(305,192)	(460,550)
At 30 September 2024	-	-	-

Net book value
At 30 September 2024	-	-	-
At 30 September 2023	155,358	277,416	432,774

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HIDDEN JEWEL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.	Investment property

		Freehold investment property
		£
	Valuation
	Deficit on revaluation	(180,550)
	Transfer from tangible fixed asset	460,550
	At 30 September 2024	280,000


	At 30 September 2024

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2024	2023
	£	£

Historic cost	460,550	-
Accumulated depreciation and impairments	(180,550)	-
	280,000	-

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	451	16,080
	451	16,080

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Accruals and deferred income	8,493	7,385
	8,493	7,385

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HIDDEN JEWEL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other creditors	464,380	453,596
	464,380	453,596

10.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

80 (2023 - 80) Ordinary A shares of £1.00 each	80	80
20 (2023 - 20) Ordinary B shares of £1.00 each	20	20

	100	100

11.

Reserves

Profit and loss account

The profit and loss account consists of the net effects of all profits and losses of the Company, less all distributions made to shareholders.

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