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Registered number: 00807844
VILLA CENTRE HOLIDAYS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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VILLA CENTRE HOLIDAYS LIMITED
COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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VILLA CENTRE HOLIDAYS LIMITED
CONTENTS
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Statement of financial position
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Notes to the financial statements
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VILLA CENTRE HOLIDAYS LIMITED
REGISTERED NUMBER: 00807844
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2025.
The notes on pages 2 to 6 form part of these financial statements.
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VILLA CENTRE HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Villa Centre Holidays Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The address of the registered office is given on the Company Information page of these financial statements.
The principal activity continued to be that of a tour operator and licensed travel agency.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
Based on the continued support from Sunvil International Sales Limited, the directors are confident that the company, will have sufficient funds and cash reserves to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Advanced receipts and payments
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All revenue received relating to bookings that depart after the Statement of Financial Position date is treated as advance receipts and is separately disclosed under accruals and deferred income.
Payments made to suppliers relating to bookings that depart after the Statement of Financial Position date are treated as advance payments and are separately disclosed under prepayments and accrued income.
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VILLA CENTRE HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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VILLA CENTRE HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Creditors: Amounts falling due after more than one year
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Share capital treated as debt
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Disclosure of the terms and conditions attached to the non-equity shares is made in note 7.
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VILLA CENTRE HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Shares classified as equity
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Allotted, called up and fully paid
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30,000 (2023 - 30,000) Ordinary shares of £1.00 each
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100,000 (2023 - 100,000) Preference shares of £1.00 each
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Shares classified as debt
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Allotted, called up and fully paid
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279,000 (2023 - 279,000) Redeemable shares of £1.00 each
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Preference shares are as follows:
30,000 "A" Redeemable Preference shares of £1 each amounting to £30,000.
60,000 "B" Redeemable Preference shares of £1 each amounting to £60,000.
189,000 "C" Redeemable Preference shares of £1 each amounting to £189,000.
The "A" Redeemable Preference shares have attached to them no voting rights, but do have dividend redemption rights and capital distribution (including on winding up) rights.
The "B" Redeemable Preference shares have attached to them no voting rights, but do have dividend redemption rights and capital distribution (including on winding up) rights.
The "C" Redeemable Preference shares have attached to them no voting rights or dividend rights but do have dividend redemption rights and capital distribution (including on winding up) rights.
In the event of a redemption the following shall apply:
(i) The "A" Redeemable Preference shares shall first be released; the "B" Redeemable Preference shares will then be redeemed; and finally the "C" Redeemable Preference shares shall be redeemed.
(ii) An amount shall be paid on redemption dependent on the performance of the Company up to the time of redemption.
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VILLA CENTRE HOLIDAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Related party transactions
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During the year under review there were £nil (2023: £nil) intercompany recharges with Discovery Worldwide Limited, a connected company. An amount of £600 (2023: £600) is owed to the Company at the year end.
During the year under review there were £nil (2023: £nil) intercompany recharges with Sunvil U.K. Limited, a connected company. An amount of £54 (2023: £54) is owed to the Company at the year end.
The Company has taken the exemption available to not disclose transactions within the year between wholly owned subsidiaries.
As at 31 December 2024, the Company was owed by Sunvil International Sales Limited, the parent entity, an amount of £8,470,737 (2023: £8,447,863).
As at 31 December 2024, the Company owed Sunvil Holidays Limited, a group related entity, an amount of £8,018,573 (2023: £8,003,876).
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The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 24 September 2025 by Ian Palmer FCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.
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