Company No: 01368317 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director	M Bishop (Resigned 01 September 2024)
	R Vander Woerd (Appointed 01 September 2024)

Secretary

F Bellord

Registered office	4 Rochfort Place
	Second Floor
	Bath
	BA2 6PB
	United Kingdom

Company number

01368317 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2024		2023
		£		£
Fixed assets
Investment property	4	1,700,000		1,700,000
		1,700,000		1,700,000
Current assets
Debtors	5	122,505		98,468
Cash at bank and in hand	6	34,367		40,288
		156,872		138,756
Creditors: amounts falling due within one year	7	( 20,128)		( 14,668)
Net current assets		136,744		124,088
Total assets less current liabilities		1,836,744		1,824,088
Provision for liabilities	8	( 244,512)		( 244,512)
Net assets		1,592,232		1,579,576
Capital and reserves
Called-up share capital	9	2		2
Revaluation reserve		1,273,042		1,273,042
Profit and loss account		319,188		306,532
Total shareholders' funds		1,592,232		1,579,576

For the financial 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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Georgian Holidays of Bath Limited (registered number: 01368317) were approved and authorised for issue by the Director on 17 September 2025. They were signed on its behalf by:

R Vander Woerd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Georgian Holidays of Bath Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registration number is 01368317. The address of the Company's registered office is 4 Rochfort Place, Second Floor, Bath, Bnes, BA2 6PB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director or external valuer, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

The company has investment property with a value of £1,700,000 at the reporting date. The fair value of investment property has been determined by an external third party on an open market value. They have used a valuation technique based on comparable market data. The determined fair value of the investment property is most sensitive to fluctuations in the property market.

Provision has been made in the financial statements for deferred tax amounting to £244,512 at the reporting date. The provision is based upon estimates of the availability of future taxable profits, the timing of the reversal of the timing differences upon which the provision is based and the tax rates that will be in force at that time.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	1,700,000
As at 31 December 2024	1,700,000

Valuation

The 2024 valuations were made by the Director, on an open market value for existing use.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost less accumulated depreciation	182,446		182,446

5. Debtors

	2024		2023
	£		£
Trade debtors	995		0
Other debtors	121,510		98,468
	122,505		98,468

6. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	34,367		40,288

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Accruals	2,640		2,640
Taxation and social security	17,488		12,028
	20,128		14,668

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 244,512)		( 244,512)
At the end of financial year	( 244,512)		( 244,512)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Revaluation of investment property	( 244,512)		( 244,512)

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

Revaluation reserve - The company uses the fair value method for the measurement of its investment properties. This reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

Profit and loss account - The profit and loss account comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. Related party transactions

One of the Shareholder's is the owner of Georgian Holidays of Bath (Seperate sole trade entity). During the year, the company has continued to provide an interest free loan to the entity in respect of trading expenses. At the year end the amount due to the company from the entity amounted to £121,510 (2023 - £98,468).