Quex Livery Glamping Holidays Limited Filleted accounts for Companies House (small and micro)

QUEX LIVERY GLAMPING HOLIDAYS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08303531

Quex Livery Glamping Holidays Limited

Filleted Unaudited Financial Statements

31 March 2020

Quex Livery Glamping Holidays Limited

Financial Statements

Year ended 31 March 2020

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Quex Livery Glamping Holidays Limited

Statement of Financial Position

31 March 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	5		18,742	20,054

Current assets

Cash at bank and in hand	–		488

Creditors: amounts falling due within one year	6	51,032		47,126
		--------		--------
Net current liabilities			51,032	46,638
			--------	--------
Total assets less current liabilities			( 32,290)	( 26,584)
			--------	--------
Net liabilities			( 32,290)	( 26,584)
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 32,292)	( 26,586)
	--------	--------
Shareholders deficit	( 32,290)	( 26,584)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2020 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 were approved by the board of directors and authorised for issue on 30 March 2021 , and are signed on behalf of the board by:

D Tilley

Director

Company registration number: 08303531

Quex Livery Glamping Holidays Limited

Notes to the Financial Statements

Year ended 31 March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The financial statements have been prepared on a going concern basis due to the continued support of the Director for at least the 12 months following the date the financial statements were signed.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	33% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

During the current and previous period the company had 2 employees (2019: 2).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2019	30,081	30,081
Additions	10,507	10,507
	--------	--------
At 31 March 2020	40,588	40,588
	--------	--------
Depreciation
At 1 April 2019	10,027	10,027
Charge for the year	11,819	11,819
	--------	--------
At 31 March 2020	21,846	21,846
	--------	--------
Carrying amount
At 31 March 2020	18,742	18,742
	--------	--------
At 31 March 2019	20,054	20,054
	--------	--------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Other creditors	51,032	47,126
	--------	--------

7. Related party transactions

At the year end the company owed the directors £49,597 (2019: £45,936).