Hvar Away Limited

(Registration number: 14477470)
Balance Sheet as at 31 March 2025

	Note	31.03.25		31.03.24
		£	£	£	£
FIXED ASSETS
Tangible assets	4		1,215		1,231
CURRENT ASSETS
Debtors	5	16,042		2,728
Cash at bank and in hand		57,321		26,007
		73,363		28,735
CREDITORS
Creditors within 1yr	6	77,258		34,720
Net current liabilities			(3,895)		(5,985)
Net liabilities			(2,680)		(4,754)
CAPITAL AND RESERVES
Called up share capital			100		100
Profit and loss account			(2,780)		(4,854)
Shareholders' deficit			(2,680)		(4,754)

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 December 2025
 

......................................... David William Munn Director

Hvar Away Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1.	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
United Kingdom

These financial statements were authorised for issue by the director on 24 December 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 presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the basis that the directors have agreed to support the company for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Hvar Away Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current 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.

The current income 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.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipments	25% straight line basis
Computer equipments	25% straight line basis

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.

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.

Hvar Away Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Hvar Away Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4.	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	414	1,069	1,483
Additions	110	324	434
At 31 March 2025	524	1,393	1,917
Depreciation
At 1 April 2024	52	200	252
Charge for the year	122	328	450
At 31 March 2025	174	528	702
Carrying amount
At 31 March 2025	350	865	1,215
At 31 March 2024	362	869	1,231

5.

Debtors

Current	31.03.25 £	31.03.24 £
Trade debtors	-	2,546
Prepayments	15,040	-
Other debtors	1,002	182
	16,042	2,728

6.

Creditors

Creditors: amounts falling due within one year

	31.03.25 £	31.03.24 £
Due within one year
Trade creditors	285	448
Taxation and social security	760	-
Other creditors	76,213	34,272
	77,258	34,720