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REGISTERED NUMBER: 12096573 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fancy Resorts Ltd

Fancy Resorts Ltd (Registered number: 12096573)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fancy Resorts Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Ms R Yao





REGISTERED OFFICE: 3rd Floor 9 St. Clare Street
London
EC3N 1LQ





REGISTERED NUMBER: 12096573 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

Fancy Resorts Ltd (Registered number: 12096573)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,715,291 1,379,237
1,715,292 1,379,238

CURRENT ASSETS
Debtors 6 386 2,137
Cash at bank and in hand 1,043 1,154
1,429 3,291
CREDITORS
Amounts falling due within one year 7 1,545,270 31,204
NET CURRENT LIABILITIES (1,543,841 ) (27,913 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,451

1,351,325

CREDITORS
Amounts falling due after more than one year 8 - (1,512,830 )

PROVISIONS FOR LIABILITIES 9 (84,969 ) -
NET ASSETS/(LIABILITIES) 86,482 (161,505 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 254,908 -
Retained earnings 10 (168,526 ) (161,605 )
86,482 (161,505 )

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 director acknowledges her 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.

Fancy Resorts Ltd (Registered number: 12096573)

Statement of Financial Position - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:





Ms R Yao - Director


Fancy Resorts Ltd (Registered number: 12096573)

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

1. STATUTORY INFORMATION

Fancy Resorts 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 as modified by the revaluation of certain assets.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 20% on reducing balance

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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 statement of financial position date.


Fancy Resorts Ltd (Registered number: 12096573)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,360,123 49,999 1,410,122
Revaluations 339,877 - 339,877
At 31 December 2024 1,700,000 49,999 1,749,999
DEPRECIATION
At 1 January 2024 - 30,885 30,885
Charge for year - 3,823 3,823
At 31 December 2024 - 34,708 34,708
NET BOOK VALUE
At 31 December 2024 1,700,000 15,291 1,715,291
At 31 December 2023 1,360,123 19,114 1,379,237

Fancy Resorts Ltd (Registered number: 12096573)

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

5. TANGIBLE FIXED ASSETS - continued

Included in cost or valuation of land and buildings is freehold land of £ 1,700,000 (2023 - £ 1,360,123 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 1,360,123 49,999 1,410,122
Valuation in 2024 339,877 - 339,877
1,700,000 49,999 1,749,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 386 2,137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 108 404
Amounts owed to group undertakings 1,921 -
Other creditors 1,543,241 30,800
1,545,270 31,204

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors - 1,512,830

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 1,512,830

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 84,969 -

Fancy Resorts Ltd (Registered number: 12096573)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 84,969
Balance at 31 December 2024 84,969

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 (161,605 ) - (161,605 )
Deficit for the year (6,921 ) (6,921 )
Property Revaluation reserve c - 339,877 339,877
Deferred Tax on Revaluation - (84,969 ) (84,969 )
At 31 December 2024 (168,526 ) 254,908 86,382

11. CONTINGENT LIABILITIES

The company has provided a guarantee as security to the bank borrowings of Fancy Hotels Limited, over the company is under common control.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24 31.12.23
£    £   
Ms R Yao
Balance outstanding at start of year (28,400 ) (28,400 )
Amounts advanced (1,513,341 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,541,741 ) (28,400 )

Fancy Resorts Ltd (Registered number: 12096573)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Ms R Yao

Director - Short term loan

Amount due to related party at the balance sheet date £28,911 (2023: £28,400)

Ms R Yao

Director - Unsecured directors loan

Amount due to related party at the balacne sheet date £1,512,830 (2023: £1,512,830)