Villa Agency Limited(The) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01841001 (England and Wales)

Audited Financial Statements

for the Year Ended 31 October 2020

for

VILLA AGENCY LIMITED(THE)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms V L Phillips

REGISTERED OFFICE:

The Hames

Ovingdean Road

Brighton

East Sussex

BN2 7BB

REGISTERED NUMBER:

01841001 (England and Wales)

AUDITORS:

Trevor Jones & Partners Ltd

Statutory Auditor

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Tangible assets

4

21,740

24,775

CURRENT ASSETS

Debtors

5

20,527

26,750

Cash at bank and in hand

160,035

48,738

180,562

75,488

CREDITORS

Amounts falling due within one year

6

167,326

65,494

NET CURRENT ASSETS

13,236

9,994

TOTAL ASSETS LESS CURRENT LIABILITIES

34,976

34,769

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

4,976

4,769

SHAREHOLDERS' FUNDS

34,976

34,769

The 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.

The financial statements were approved by the director and authorised for issue on 28 January 2021 and were signed by:

Ms V L Phillips - Director

1.	STATUTORY INFORMATION

Villa Agency Limited(The) is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income from holidays travelled in the year excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

31,991

Additions

291

At 31 October 2020

32,282

DEPRECIATION

At 1 November 2019

7,216

Charge for year

3,326

At 31 October 2020

10,542

NET BOOK VALUE

At 31 October 2020

21,740

At 31 October 2019

24,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

519

Other debtors

20,527

26,231

20,527

26,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

4,218

6,305

Taxation and social security

1,351

1,085

Other creditors

161,757

58,104

167,326

65,494

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rob Laurella (Senior Statutory Auditor)

for and on behalf of Trevor Jones & Partners Ltd

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms V L Phillips.