Panoramic Villas Limited - Period Ending 2022-10-10

Panoramic Villas Limited

Contents

Company Information	1
Balance Sheet	2 to 4
Notes to the Unaudited Financial Statements	2

Panoramic Villas Limited

Company Information

Directors

A J Lea B L Lea

Registered office

3 Old Applecroft Sandbach Cheshire CW11 3NR

Accountants

Sarah Nasse AIMS Accountants for Business 25 Church Way Wybunbury Nantwich Cheshire CW5 7SB

Panoramic Villas Limited

(Registration number: 07236296)
Balance Sheet as at 10 October 2022

	2022 £	2021 £
Fixed assets	4,599	2,623
Current assets	36,633	119,103
Prepayments and accrued income	186	178
Creditors: Amounts falling due within one year	(36,229)	(37,522)
Net current assets	590	81,759
Total assets less current liabilities	5,189	84,382
Accruals and deferred income	(1,643)	(1,718)
	3,546	82,664
Capital and reserves	3,546	82,664

1	General information

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

Going concern

It is the responsibility of the directors to carry out an assessment to ascertain whether the entity is a going concern.

As an entity operating in the sector of overseas tourism the entity has been adversely impacted by the coronavirus pandemic.

The directors have considered the ability of the entity to continue to trade and have concluded that the entity remains a going concern for a period of at least 12 months from the approval date of these financial statements.

The address of its registered office is:
3 Old Applecroft
Sandbach
Cheshire
CW11 3NR

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

These financial statements were authorised for issue by the Board on 2 November 2022.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

Panoramic Villas Limited

(Registration number: 07236296)
Balance Sheet as at 10 October 2022

3	Related party transactions

Amounts owed to or from the directors are unsecured, interest free and repayable on demand.

Transactions with directors

2022	At 11 October 2021 £	Advances to director £	Repayments by director £	At 10 October 2022 £
A J Lea
	(86)	(7,317)	21,500	14,097
B L Lea
	(86)	(7,317)	21,500	14,097

2021	At 11 October 2020 £	Advances to director £	Repayments by director £	At 10 October 2021 £
A J Lea
	118	(3,704)	3,500	(86)
B L Lea
	118	(3,704)	3,500	(86)

For the financial year ending 10 October 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Panoramic Villas Limited

(Registration number: 07236296)
Balance Sheet as at 10 October 2022

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 2 November 2022 and signed on its behalf by:
 

......................................... A J Lea Director