Exclusive Villas Cannes Limited

Contents
	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 31 January 2025

Balance Sheet

Registered number: 07899063

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	3	-		2,417
Cash at bank and in hand		5,682		40,917

		5,682		43,334
Creditors: Amounts Falling Due Within One Year	4	(5,047 )		(43,357 )

NET CURRENT ASSETS (LIABILITIES)			635		(23 )

TOTAL ASSETS LESS CURRENT LIABILITIES			635		(23 )

NET ASSETS/(LIABILITIES)			635		(23 )

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			535		(123 )

SHAREHOLDERS' FUNDS			635		(23)

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Exclusive Villas Cannes Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms H R Bond

Director

05/12/2025

The notes on pages 4 to 6 form part of these financial statements.

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Exclusive Villas Cannes Limited

Notes to the Financial Statements

For The Year Ended 31 January 2025

Notes to the Financial Statements

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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.

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

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

1.2. Going Concern Disclosure

The directors believe that the going concern basis is not appropriate as the directors intend to cease trading.

1.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.4. Financial Instruments

Classification

The financial assets and liabilities of the balance sheet are presented and evaluated in accordance with the

various categories in accordance with IFRS 9 but for presentation purpose we are using FRS 102.

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at

transaction price, 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 liabilities

Basic financial liabilities, including trade and other payables, bank loans 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 receipts discounted at a market rate of interest.

1.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Exclusive Villas Cannes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

1.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

1.7.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid

investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of

change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

Trade creditors

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

business from suppliers. Accounts payable are classified as current liabilities if the company does not have

an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least

twelve months after the reporting date. If there is an unconditional right to defer settlement for at least

twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost

using the effective interest method

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Exclusive Villas Cannes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 1 (2024: 1)

3. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	2,417

	-	2,417

4. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	2,500	833
Other creditors	-	4,085
Accruals and deferred income	2,500	14,255
Director's loan account	47	24,184

	5,047	43,357

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

	Value	Number	2025	2024
Allotted, called up and fully paid	£		£	£
Ordinary Shares	1.00	100	100	100

6. Related Party Transactions

At the balance sheet date, the company owed £48 (2024: £24,184) to Ms H. R. C. Bond, a director and shareholder of the company.

7. General Information

Exclusive Villas Cannes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07899063 .

The registered office is 9a Burroughs Gardens, London, NW4 4AU .

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Director	Ms H R Bond

Company Number	07899063

Registered Office	9a Burroughs Gardens
	London
	NW4 4AU

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU