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Company registration number:
06037856
Living Crete Holidays Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2025
BRIAN PAUL LIMITED
Chartered Accountants
159a Chase Side, Enfield, Middlesex, EN2 0PW, United Kingdom
Living Crete Holidays Limited
Statement of Financial Position
31 December 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Current assets |  |  |  |  |
Debtors | 5 | 19,557 |  | 36,507 |
Creditors: amounts falling due within one year | 6 | (15,713 | ) | (35,894 | )
Net current assets |  | 3,844 |  | 613 |
Total assets less current liabilities |  | 3,844 |  | 613 |
Creditors: amounts falling due after more than one year | 7 | (17,813 | ) | (9,525 | )
Net liabilities |  | (13,969 | ) | (8,912 | )
Capital and reserves |  |  |  |  |
Called up share capital |  | 2 |  | 2 |
Profit and loss account |  | (13,971 | ) | (8,914 | )
Shareholders deficit |  | (13,969 | ) | (8,912 | )

For the year ending
31 December 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
8 June 2026
, and are signed on behalf of the board by:

A Rudge
Director

Company registration number:
06037856
Living Crete Holidays Limited
Notes to the Financial Statements
Year ended
31 December 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office and the business address is
Pentre Parr Barn
,
Bethlehem Road
,
Llandeilo
,
Carmarthenshire
,
SA19 6YA
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Going concern

The director has committed to meet and fulfill all obligations when they fall due. The director is cautiously optimistic that with the return to normalcy in the travel sector the company will be self sustainable in the near future.
Strategies and policies to manage the evolving developments have been implemented by the director specifically;
-Monitoring changes within the travel sector and cancellation procedures .
-Monitoring the management response of associated institutions and governing bodies.
-Reviewing the impact on forecasts that may impact impairment evaluations.
The director has undertaken to continue to support the company until such time as it is able to meet third party liabilities from its own resources.

## Turnover

Turnover is measured at the fair value of the consideration received for travel services supplied, net of discounts.
Revenue from the sale of travel services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on departure of the travel services provided; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

## 5 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 19,557 |  | 36,507 |

Included in other debtors is the sum of £19,437 (2024: £21,585) being amount owed by the director as at 31/12/2024. 2.25% interest is charged on the loan. The loan is repayable on demand.

## 6 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 2,168 |  | 1,675 |
Other creditors | 13,545 |  | 34,219 |
| 15,713 |  | 35,894 |

## 7 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Other creditors | 17,813 |  | 9,525 |

Included within other creditors is a loan from the director of £5,000 (2023 : £5000), which has been subordinated in favour of the Civil Aviation Authority and which may not be repaid without their express written consent.