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REGISTERED NUMBER: 04035487 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Holiday Homes and Leisure Services
Limited

Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Intangible assets 5 387,815 426,276
Tangible assets 6 2,493,768 2,745,614
2,881,583 3,171,890

Current assets
Stocks 61,536 50,287
Debtors 7 49,216 58,635
Cash at bank and in hand 100,117 169,901
210,869 278,823
Creditors
Amounts falling due within one year 8 (1,079,351 ) (1,229,502 )
Net current liabilities (868,482 ) (950,679 )
Total assets less current liabilities 2,013,101 2,221,211

Creditors
Amounts falling due after more than one
year

9

(1,930,660

)

(2,116,836

)

Provisions for liabilities (26,044 ) (29,916 )
Net assets 56,397 74,459

Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £ £
Capital and reserves
Called up share capital 1 1
Retained earnings 56,396 74,458
56,397 74,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





Mr H E Collins - Director


Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Holiday Homes and Leisure Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04035487

Registered office: 10 Oak Street
Fakenham
Norfolk
NR21 9DY

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of thirteen 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.

Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - Straight line over 13 years
Plant and machinery - 20% p.a. reducing balance
Fixtures and fittings - 20% p.a. reducing balance
Motor vehicles - 20% p.a. reducing balance
Computer equipment - 10% - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 5 (2023 - 6 ) .

Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
and 31 December 2024 499,993
Amortisation
At 1 January 2024 73,717
Amortisation for year 38,461
At 31 December 2024 112,178
Net book value
At 31 December 2024 387,815
At 31 December 2023 426,276

6. Tangible fixed assets
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
Cost
At 1 January 2024 3,058,012 78,733 85,386
Additions - 6,675 -
At 31 December 2024 3,058,012 85,408 85,386
Depreciation
At 1 January 2024 450,861 19,960 19,130
Charge for year 235,231 12,344 8,259
At 31 December 2024 686,092 32,304 27,389
Net book value
At 31 December 2024 2,371,920 53,104 57,997
At 31 December 2023 2,607,151 58,773 66,256

Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 January 2024 13,850 6,348 3,242,329
Additions - - 6,675
At 31 December 2024 13,850 6,348 3,249,004
Depreciation
At 1 January 2024 4,616 2,148 496,715
Charge for year 1,847 840 258,521
At 31 December 2024 6,463 2,988 755,236
Net book value
At 31 December 2024 7,387 3,360 2,493,768
At 31 December 2023 9,234 4,200 2,745,614

7. Debtors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade debtors 11,456 10,565
Other debtors 37,760 48,070
49,216 58,635

8. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Bank loans and overdrafts 225,398 196,384
Trade creditors 4,662 9,949
Amounts owed to group undertakings 696,474 857,265
Taxation and social security 2,423 2,195
Other creditors 150,394 163,709
1,079,351 1,229,502

HSBC hold a legal charge over the leasehold property and a fixed and floating charge over all assets held by the company.

Holiday Homes and Leisure Services
Limited (Registered number: 04035487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£ £
Bank loans 1,530,660 1,716,836
Other creditors 400,000 400,000
1,930,660 2,116,836

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 581,134 1,068,212

HSBC hold a legal charge over the leasehold property and a fixed and floating charge over all assets held by the company.

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£ £
Within one year - 8,715