REGISTERED NUMBER: 12922278 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

WIGHT STAYCATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R M P Correia

Mr S J Hill

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

12922278 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

CURRENT ASSETS

Debtors

4

1,500

1,300

Cash at bank

16,972

530

18,472

1,830

CREDITORS

Amounts falling due within one year

5

32,192

62,535

NET CURRENT LIABILITIES

(13,720

)

(60,705

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,720

)

(60,705

)

CREDITORS

Amounts falling due after more than one year

6

15,727

-

NET LIABILITIES

(29,447

)

(60,705

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(29,449

)

(60,707

)

SHAREHOLDERS' FUNDS

(29,447

)

(60,705

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mrs R M P Correia - Director

Mr S J Hill - Director

1.	STATUTORY INFORMATION

Wight Staycation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by related companies

1,500

1,300

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,058

10,127

Amounts owed to related companies

15,569

39,925

VAT

2,691

4,071

Other creditors

2,015

2,593

Directors' current accounts

6,859

5,819

32,192

62,535

Other creditors consists of an amount owed to clients of £Nil (2023: £2,593) and wages £2,015 (2023: £Nil). A balance of £13,499 (2023: £39,925) was owed to Fina Casas Limited and £2,070 (2023: £Nil) was owed to Nacasa Facilities Services Limited.. Mrs R M P Correia and Mr S J Hill are also directors of Fina Casas Limited and Nacasa Facilities Services Limited.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

5,058

-

Bank loans - over 5 years

10,669

-

15,727

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

10,669

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

2

2

2