Just_Sunshine_Limited_31_Dec_2019_companies_house_set_of_accounts.html
Just_Sunshine_Limited_31_Dec_2019_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
| 2019 | 2018 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 5 |
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| Investments | 6 |
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| Current assets | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 8 |
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| Net current assets |
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| Total assets less current liabilities | 1,579,926 | 1,083,163 | |||
| Creditors: amounts falling due after more than one year | 9 |
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| Net assets |
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| Profit and loss account |
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For the year ending 31 December 2019 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge 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 28 May 2020 , and are signed on behalf of the board by:
| Director |
Company registration number:
04572658
Notes to the Financial Statements
Year ended 31 December 2019
1 General information
The company is a private company limited by shares and is registered in England and Wales. The business address which is also the registered office is Sunshine House , 7 Cutler Street , London , E1 7DJ , 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
Consolidation
Turnover
Turnover is measured at the fair value of consideration received or receivable for services rendered, net of discounts and Value Added Tax. Income is recognised on the date of departure.
Taxation
Foreign currencies
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Land and buildings | |
| Plant and machinery | |
| Fixtures, fittings and equipment |
Fixed asset investments
Defined contribution pension plan
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4 Average number of employees
The average number of persons employed by the company during the year was 4 (2018: 3.00 ).
5 Tangible assets
| Land and buildings | Plant and machinery etc. | Total | ||||
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| At 31 December 2018 |
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6 Investments
| Shares in group undertakings and participating interests | ||
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| Impairment | ||
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| At 31 December 2018 |
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Investments held at valuation
In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
| 2019 | 2018 | |||
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| Shares in group undertakings and participating interests | Shares in group undertakings and participating interests | |||
| £ | £ | |||
| Aggregate historical cost | 324,833 | 324,833 | ||
| Carrying amount | 324,833 | 324,833 | ||
The company holds 100% (2018: 100%) of the issued share capital of Sunshine Vacances SAS, a company incorporated in France.
7 Debtors
| 2019 | 2018 | |||
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| £ | £ | |||
| Trade debtors | - |
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| Other debtors |
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8 Creditors: amounts falling due within one year
| 2019 | 2018 | |||
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| £ | £ | |||
| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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9 Creditors: amounts falling due after more than one year
| 2019 | 2018 | |||
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| £ | £ | |||
| Other creditors |
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Included within other creditors' is an amount of £300,000 which has been subordinated in favour of the Civil Aviation Authority and cannot be withdrawn without the CAA's prior written consent.
10 Guarantees and other financial commitments
In common with other tour operators the growth in no win no fee personal injury compensation litigators has lead to the company experiencing a significant growth in such unfounded claims. The company accordingly has possible obligations in respect of such claims which may not be probable or reliably measured. The cost of defence is normally in excess of payout and accordingly the company will only recognise such liabilities as and when outcomes are certain.
11 Events after the end of the reporting period
13 Controlling party
In the opinion of the directors no one individual can exercise overall control over the company.