Registration number: 13504586

Little Welsh Getaways Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Little Welsh Getaways Ltd

Company Information

Directors

Mrs SE James Mr AD James

Company secretary

Mrs SE James

Registered office

Birchfield Farm Doldowlod Llandrindod Wells Powys LD1 6PD

Bankers

Starling Bank 3rd Floor 2 Finsbury Avenue London EC2M 2PP

Accountants

W J James & Co Chartered Accountants Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Little Welsh Getaways Ltd

(Registration number: 13504586)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	6,102	7,531
Current assets
Debtors	5	1,047	2,804
Cash at bank and in hand		2,457	8,553
		3,504	11,357
Creditors: Amounts falling due within one year	6	(48,485)	(19,681)
Net current liabilities		(44,981)	(8,324)
Total assets less current liabilities		(38,879)	(793)
Creditors: Amounts falling due after more than one year	6	(2,258)	(3,380)
Net liabilities		(41,137)	(4,173)
Capital and reserves
Called up share capital		100	100
Retained earnings		(41,237)	(4,273)
Shareholders' deficit		(41,137)	(4,173)

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

......................................... Mrs SE James Company secretary and director

Little Welsh Getaways Ltd

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Birchfield Farm
Doldowlod
Llandrindod Wells
Powys
LD1 6PD

The principal place of business is:
The Vulcan Lodge Cottages
Doldowlod
Llandriondod Wells
LD1 6NN

These financial statements were authorised for issue by the Board on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded up to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The company has net liabilities at the balance sheet date. The directors are committed to only drawing their director's loan account when the company is able to afford to repay them. Accordingly the accounts have been drawn up on a going concern basis.

Revenue recognition

Turnover represents the income received from the business of holiday lets. It is recognised net of value added tax and in the accounting period that the holiday is taken.

Tax

The tax expense for the period comprises of current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Little Welsh Getaways Ltd

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

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	33.3% reducing balance
Equipment	25% reducing balance
Crockery, linen etc	Nil

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at cost price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers

Little Welsh Getaways Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 0).

Little Welsh Getaways Ltd

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

4	Tangible assets

	Furniture and fittings £	Equipment £	Crockery, linen etc £	Total £
Cost or valuation
At 1 January 2024	10,091	1,305	3,044	14,440
At 31 December 2024	10,091	1,305	3,044	14,440
Depreciation
At 1 January 2024	6,253	656	-	6,909
Charge for the year	1,267	162	-	1,429
At 31 December 2024	7,520	818	-	8,338
Carrying amount
At 31 December 2024	2,571	487	3,044	6,102
At 31 December 2023	3,838	649	3,044	7,531

5

Debtors

Current	2024 £	2023 £
Trade debtors	227	-
Other debtors	820	2,804
	1,047	2,804

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	1,122	1,122
Trade creditors		799	2,448
Taxation and social security		-	840
Accruals and deferred income		1,222	3,622
Other creditors		45,342	11,649
		48,485	19,681

Little Welsh Getaways Ltd

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

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	2,258	3,380

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	2,258	3,380

Current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	1,122	1,122