Company registration number 10375758 (England and Wales)
360 PRIVATE VILLAS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
360 PRIVATE VILLAS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
360 PRIVATE VILLAS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 December 2024
31 May 2024
as restated
Notes
£
£
£
£
Current assets
Debtors falling due after more than one year
4
-
0
24,970
Debtors falling due within one year
4
76,697
851,537
Cash at bank and in hand
-
0
101,298
76,697
977,805
Creditors: amounts falling due within one year
5
-
(880,342)
Net current assets
76,697
97,463
Creditors: amounts falling due after more than one year
6
-
(20,766)
Net assets
76,697
76,697
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
76,597
76,597
Total equity
76,697
76,697

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

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
Mr J P Turner
Director
Company registration number 10375758 (England and Wales)
360 PRIVATE VILLAS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
As restated for the period ended 31 May 2024:
Balance at 1 June 2023
100
183,211
183,311
Year ended 31 May 2024:
Loss and total comprehensive income
-
(6,614)
(6,614)
Dividends
-
(100,000)
(100,000)
Balance at 31 May 2024
100
76,597
76,697
Period ended 31 December 2024:
Profit and total comprehensive income
-
-
0
-
0
Balance at 31 December 2024
100
76,597
76,697
360 PRIVATE VILLAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

360 Private Villas Limited is a private company limited by shares incorporated in England and Wales. The registered office is 54 High Street, Sevenoaks, TN13 1JG.

1.1
Reporting period

The directors have chosen to shorten the period end to 31 December 2024 and therefore these accounts have been prepared for 7 months.

This was decided for commercial reasons.

Due to this, the comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable.

1.2
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 sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of 360 Private Travel Limited. These consolidated financial statements are available from its registered office, 54 High Street, Sevenoaks, TN13 1JG.

1.3
Turnover

Turnover represents commission received for services provided in the period. Commission income is recognised when client travel arrangements are concluded, this being the earliest point at which the company is entitled to commission.

360 PRIVATE VILLAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

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

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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

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

360 PRIVATE VILLAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 period was:

2024
2024
Number
Number
Total
2
2
4
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
504,950
Amounts owed by group undertakings
76,697
322,685
Other debtors
-
0
23,902
76,697
851,537
2024
2024
Amounts falling due after more than one year:
£
£
Trade debtors
-
0
24,970
Total debtors
76,697
876,507
360 PRIVATE VILLAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2024
£
£
Trade creditors
-
0
559,199
Corporation tax
-
0
10,836
Other taxation and social security
-
0
1,160
Other creditors
-
0
309,147
-
0
880,342
6
Creditors: amounts falling due after more than one year
2024
2024
£
£
Trade creditors
-
0
20,766
7
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

Management charges
2024
2024
£
£
Entities with control, joint control or significant influence over the company
-
150,000

The following amounts were outstanding at the reporting end date:

2024
2024
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
76,697
322,685
8
Directors' transactions

Dividends totalling £0 (2024 - £30,000) were paid in the period in respect of shares held by the company's directors.

9
Parent company

The company is a 70% subsidiary of 360 Private Travel Limited.

10
Prior period adjustment
360 PRIVATE VILLAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
10
Prior period adjustment
(Continued)
- 7 -
Reconciliation of changes in equity
1 June
31 May
2023
2024
£
£
Adjustments to prior period
Deferred income adjustment
-
(258,156)
Taxation adjustments
-
64,539
Total adjustments
-
(193,617)
Equity as previously reported
183,311
270,314
Equity as adjusted
183,311
76,697
Analysis of the effect upon equity
Profit and loss reserves
-
(193,617)
Reconciliation of changes in profit/(loss) for the previous financial period
2024
£
Adjustments to prior period
Deferred income adjustment
(258,156)
Taxation adjustments
64,539
Total adjustments
(193,617)
Profit as previously reported
187,003
Loss as adjusted
(6,614)
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