Budock Vean Holidays Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Budock Vean Holidays Limited

Balance Sheet

31 March 2026

	Note	2026 £	2025 £
Current assets
Debtors	4	85,835	85,835
Creditors: Amounts falling due within one year	5	(3,711)	(3,711)
Net assets		82,124	82,124
Capital and reserves
Called up share capital	6	1	1
Profit and loss account		82,123	82,123
Shareholders' funds		82,124	82,124

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

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 prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 17 February 2026
 

......................................... J M Nettleton Director

Company Registration Number: 08926917

Budock Vean Holidays Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital and incorporated in England and Wales.

The address of its registered office is:
Lowin House
Tregolls Road
Cornwall
TR1 2NA

The principal place of business is:
Budock Vean Hotel
Mawnan Smith
Falmouth
Cornwall
TR11 5LG

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Budock Vean Holidays Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

Going concern

At the balance sheet date the company is a wholly owned subsidiary of the Budock Vean Hotel group of companies. which were acquired in the period to 31 March 2025.

The company is supported by the wider group under the control of Nettleton Holdings Limited as a result of this acquisition. Detailed, nuanced commentary with regards to the factors considered by the Directors in this regard is provided in the consolidated accounts for Nettleton Holdings Limited.

After due consideration the Directors continue to apply the going concern basis in the preparation of the financial statements of the company.

Revenue recognition

Lettings commission is recognised at the point of the customer staying in the room. Deposits received in advance of customers stays are treated as payments on account and recognised within creditors due in less than one year.

Tax

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Budock Vean Holidays Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

Key accounting judgements and sources of estimation uncertainty

In applying the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

In the opinion of the director, other than going concern which is described above, there are no other material areas of judgement or estimation uncertainty prevalent in the financial statements of the company.

3	Staff numbers

The average number of persons employed by the company (excluding the director who is remunerated through another group undertaking) during the year, was 0 (2025 - 0).

4

Debtors

	31 March 2026  £	31 March 2025  £
Amounts due from group undertakings	76,235	76,235
Other debtors	9,600	9,600
Total current trade and other debtors	85,835	85,835

5

Creditors

	31 March 2026  £	31 March 2025  £
Due within one year
Other creditors	453	453
Accrued expenses	617	617
Payments on account	2,641	2,641
	3,711	3,711

Budock Vean Holidays Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2026

6	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

7	Parent and ultimate parent undertaking

The company's immediate parent is Budock Vean Hotel Limited, a company incorporated in England and Wales. Its registered office is Lowin House, Tregolls Road, Truro, England, TR1 2NA.

 The ultimate parent is Nettleton Holdings Limited, a company incorporated in England and Wales. Its registered office is Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA.

 The most senior parent entity producing publicly available financial statements is Nettleton Holdings Limited. These financial statements are available upon request from Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party is J M Nettleton.