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Registered number: 08432832
Villasplayablanca Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Nathan Morley
Company Number 08432832
Registered Office Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Accountants Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
Page 2
Statement of Financial Position
Registered number: 08432832
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,398 8,197
Tangible Assets 5 2,330 1,522
7,728 9,719
CURRENT ASSETS
Debtors 6 846 6,283
Cash at bank and in hand 113,949 81,601
114,795 87,884
Creditors: Amounts Falling Due Within One Year 7 (114,371 ) (85,312 )
NET CURRENT ASSETS (LIABILITIES) 424 2,572
TOTAL ASSETS LESS CURRENT LIABILITIES 8,152 12,291
Creditors: Amounts Falling Due After More Than One Year 8 - (7,083 )
NET ASSETS 8,152 5,208
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 8,052 5,108
SHAREHOLDERS' FUNDS 8,152 5,208
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Nathan Morley
Director
28/02/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Villasplayablanca Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08432832 . The registered office is Alexandra House, 123 Priestsic Road, Sutton In Ashfield, Nottinghamshire, NG17 4EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover represents commissions receivable from villa bookings. Commission is recognised when the booking is made and received as the directors believe that the commission has been  earned in terms of administration and identifying the holiday at that point. 
The full amount of the invoice is recognised at the time of the booking and a corresponding liability is recognised as due to the villa owner after deducting commission. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Amortisation 
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: 
Franchise fees - 5 years 
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing baance
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Intangible Assets
Franchise fees
£
Cost
As at 1 January 2024 14,995
As at 31 December 2024 14,995
Amortisation
As at 1 January 2024 6,798
Provided during the period 2,799
As at 31 December 2024 9,597
Net Book Value
As at 31 December 2024 5,398
As at 1 January 2024 8,197
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 4,427
Additions 1,390
As at 31 December 2024 5,817
Depreciation
As at 1 January 2024 2,905
Provided during the period 582
As at 31 December 2024 3,487
Net Book Value
As at 31 December 2024 2,330
As at 1 January 2024 1,522
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 846 6,283
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,924 3,900
Bank loans and overdrafts - 5,000
Other creditors 99,537 70,058
Taxation and social security 10,910 6,354
114,371 85,312
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 7,083
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
At the balance sheet date, the directors were owed £6,142 (2023: - £5,858) by the company.
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