REGISTERED NUMBER: 01084447 (England and Wales)

HIDEAWAY COUNTRY HOLIDAYS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

6,600

6,350

Investments

5

50,732

50,732

Investment property

6

1,875,814

1,875,814

1,933,146

1,932,896

CURRENT ASSETS

Debtors

7

712,408

712,279

Cash at bank

6,499

9,757

718,907

722,036

CREDITORS

Amounts falling due within one year

8

2,417,179

2,268,971

NET CURRENT LIABILITIES

(1,698,272

)

(1,546,935

)

TOTAL ASSETS LESS CURRENT LIABILITIES

234,874

385,961

CREDITORS

Amounts falling due after more than one year

9

4,409

14,806

NET ASSETS

230,465

371,155

CAPITAL AND RESERVES

Called up share capital

10

200

200

Revaluation reserve

11

955,009

955,009

Capital reserves

1,220,300

1,220,300

Retained earnings

(1,945,044

)

(1,804,354

)

SHAREHOLDERS' FUNDS

230,465

371,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

M E Kim - Director

1.	STATUTORY INFORMATION

Hideaway Country Holidays Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01084447

Registered office:

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

These accounts have been prepared on the going concern basis on the understanding that the parent group will continue to provide additional funding as and when required and will not seek repayment of monies owing to them until such funds are available.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from lodgings and guest services are recognised on the departure date when final payment is taken. Deposits including non-refundable deposits are recognised at the event date.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation or valuation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings

- 20% on reducing balance

Motor vehicles

- 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and otherthird parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses.

Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported 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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

The investments, comprising antique furniture, are measured at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

380,960

Additions

1,900

At 31st December 2024

382,860

DEPRECIATION

At 1st January 2024

374,610

Charge for year

1,650

At 31st December 2024

376,260

NET BOOK VALUE

At 31st December 2024

6,600

At 31st December 2023

6,350

5.	FIXED ASSET INVESTMENTS

The investments comprise antique furniture and other items held and used used in the company's land and buildings.

The cost and net book value of the fixed asset investments at 31st December 2024 were £50,732 (2023: £50,732).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

1,875,814

NET BOOK VALUE

At 31st December 2024

1,875,814

At 31st December 2023

1,875,814

Fair value at 31st December 2024 is represented by:

£

Valuation in 2023

942,878

Cost

932,936

1,875,814

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

712,408

712,279

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

1,715

1,880

Other creditors

2,415,464

2,267,091

2,417,179

2,268,971

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

4,409

14,806

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

100

Preference - 3.5%

non-cumulative

£1

100

100

200

200

11.

RESERVES

The revaluation reserve is a non-distributable reserve arising on revaluations of the company's investment property.

The capital reserve is a non-distributable reserve arising on capitalization of a loan.

12.	RELATED PARTY DISCLOSURES

Included in other debtors is a balance due from the immediate parent of £711,979. The balance is interest free and repayable on demand.

Included in other creditors is a balance due to Infinesse Corporation, a fellow subsidiary, of £2,403,203 (2023: £2,255,218). The balance is interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Infinesse LLC, a company incorporated in the USA.

The ultimate controlling parties are the directors by virtue of being Trustees of the controlling Trust of Infinesse LLC.

14.	CONTINGENT LIABILITY

In connection with the acquisition of the entire share capital of the company by Infinesse LLC, the company has given a debenture in favour of the Royal Bank of Scotland plc securing its obligations under a guarantee for monies lent to its immediate parent, Infinesse LLC. Under this debenture, the company charges the whole and any part of its undertaking, property and assets to The Royal Bank of Scotland plc. No liability is s recognised in this respect.