Company registration number 12445744 (England and Wales)
TRETHAWLE LUXURY HOLIDAYS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
TRETHAWLE LUXURY HOLIDAYS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
TRETHAWLE LUXURY HOLIDAYS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
670,702
682,399
Current assets
Debtors
1,319
-
0
Cash at bank and in hand
15,811
33,324
17,130
33,324
Creditors: amounts falling due within one year
4
(607,280)
(633,030)
Net current liabilities
(590,150)
(599,706)
Total assets less current liabilities
80,552
82,693
Creditors: amounts falling due after more than one year
5
-
0
(27,595)
Provisions for liabilities
(13,347)
(8,348)
Net assets
67,205
46,750
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
67,105
46,650
Total equity
67,205
46,750

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

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TRETHAWLE LUXURY HOLIDAYS LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 September 2025 and are signed on its behalf by:
Mr A J H Jackson
Mrs K C Jackson
Director
Director
Company Registration No. 12445744
TRETHAWLE LUXURY HOLIDAYS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Trethawle Luxury Holidays Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Oak House, Trethawle, Liskeard, Cornwall, PL14 3PF.

1.1
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value

1.2
Going concern

The directors have assessed going concern and consider that there are no material uncertainties which may cast significant doubt about the company's ability to continue. For this reason the accounts have been prepared on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil
Plant and equipment
20% Reducing Balance
Fixtures and fittings
20% Reducing Balance
Computers
20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

TRETHAWLE LUXURY HOLIDAYS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Classification of financial liabilities

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.

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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

TRETHAWLE LUXURY HOLIDAYS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
TRETHAWLE LUXURY HOLIDAYS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2024
598,595
145,855
744,450
Additions
-
0
5,497
5,497
At 28 February 2025
598,595
151,352
749,947
Depreciation and impairment
At 1 March 2024
-
0
62,051
62,051
Depreciation charged in the year
-
0
17,194
17,194
At 28 February 2025
-
0
79,245
79,245
Carrying amount
At 28 February 2025
598,595
72,107
670,702
At 29 February 2024
598,595
83,804
682,399
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
26,614
51,300
Trade creditors
-
0
78
Taxation and social security
-
0
2,320
Other creditors
580,666
579,332
607,280
633,030
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
27,595
6
Secured debts

Included within creditors is the following secured debt:

Agricultural Mortgage Corporation - £26,614

The above loan is secured by way of a first charge over land owned by the directors at Trethawle Farm, Liskeard Cornwall PL14 3PF.

TRETHAWLE LUXURY HOLIDAYS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
7
Directors' transactions

Included within other creditors is an amount owed to the directors totalling £205,025 (2024: £205,684). This balance has no fixed terms of repayment and interest has not been charged.

2025-02-28 2024-03-01 false false false 18 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr Andrew John Howle Jackson Mrs Katrina Clare Jackson 12445744 2024-03-01 2025-02-28 12445744 2025-02-28 12445744 2024-02-29 12445744 core:LandBuildings 2025-02-28 12445744 core:OtherPropertyPlantEquipment 2025-02-28 12445744 core:LandBuildings 2024-02-29 12445744 core:OtherPropertyPlantEquipment 2024-02-29 12445744 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 12445744 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 12445744 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 12445744 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 12445744 core:CurrentFinancialInstruments 2025-02-28 12445744 core:CurrentFinancialInstruments 2024-02-29 12445744 core:ShareCapital 2025-02-28 12445744 core:ShareCapital 2024-02-29 12445744 core:RetainedEarningsAccumulatedLosses 2025-02-28 12445744 core:RetainedEarningsAccumulatedLosses 2024-02-29 12445744 bus:Director1 2024-03-01 2025-02-28 12445744 bus:Director2 2024-03-01 2025-02-28 12445744 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 12445744 core:PlantMachinery 2024-03-01 2025-02-28 12445744 core:FurnitureFittings 2024-03-01 2025-02-28 12445744 core:ComputerEquipment 2024-03-01 2025-02-28 12445744 2023-03-01 2024-02-29 12445744 core:LandBuildings 2024-02-29 12445744 core:OtherPropertyPlantEquipment 2024-02-29 12445744 2024-02-29 12445744 core:LandBuildings 2024-03-01 2025-02-28 12445744 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 12445744 core:Non-currentFinancialInstruments 2025-02-28 12445744 core:Non-currentFinancialInstruments 2024-02-29 12445744 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12445744 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 12445744 bus:FRS102 2024-03-01 2025-02-28 12445744 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 12445744 bus:FullAccounts 2024-03-01 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP