HB Holiday Accommodations Limited 31/07/2021 iXBRL

HB Holiday Accommodations Limited 31/07/2021 iXBRL

HB HOLIDAY ACCOMMODATIONS LIMITED - Company Information

Print Friendly Version

0 31/07/2021 2021-07-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-08-01 Sage Accounts Production 21.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 12105285 2020-08-01 2021-07-31 12105285 2021-07-31 12105285 2019-08-01 2020-07-31 12105285 2020-07-31 12105285 bus:RegisteredOffice 2020-08-01 2021-07-31 12105285 bus:LeadAgentIfApplicable 2020-08-01 2021-07-31 12105285 bus:Director1 2020-08-01 2021-07-31 12105285 core:LandBuildings core:OwnedOrFreeholdAssets 2021-07-31 12105285 core:RetainedEarningsAccumulatedLosses 2019-08-01 2020-07-31 12105285 core:RetainedEarningsAccumulatedLosses 2020-08-01 2021-07-31 12105285 core:WithinOneYear 2021-07-31 12105285 core:WithinOneYear 2020-07-31 12105285 core:AfterOneYear 2021-07-31 12105285 core:AfterOneYear 2020-07-31 12105285 core:RetainedEarningsAccumulatedLosses 2021-07-31 12105285 core:RetainedEarningsAccumulatedLosses 2020-07-31 12105285 core:LandBuildings core:OwnedOrFreeholdAssets 2020-07-31 12105285 bus:Director1 2020-07-31 12105285 bus:Director1 2021-07-31 12105285 bus:Director1 2020-07-31 12105285 bus:Director1 2019-08-01 2020-07-31 12105285 bus:SmallEntities 2020-08-01 2021-07-31 12105285 bus:AuditExemptWithAccountantsReport 2020-08-01 2021-07-31 12105285 bus:FullAccounts 2020-08-01 2021-07-31 12105285 bus:SmallCompaniesRegimeForAccounts 2020-08-01 2021-07-31 12105285 bus:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31
Company registration number: 12105285
HB Holiday Accommodations Limited
Unaudited filleted financial statements
31 July 2021
HB Holiday Accommodations Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
HB Holiday Accommodations Limited
Directors and other information
Director Mr K Haig
Company number 12105285
Registered office Unit N, OYO Business Units
Fishers Grove
Portsmouth
Hants
PO6 1RN
Accountants Rust Group LP
Kings Barn
Thame Road
Warborough
Oxfordshire
OX10 7DA
HB Holiday Accommodations Limited
Statement of financial position
31 July 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 4 484,540 484,540
_______ _______
484,540 484,540
Current assets
Cash at bank and in hand 5,970 11,924
_______ _______
5,970 11,924
Creditors: amounts falling due
within one year 5 ( 2,961) ( 2,914)
_______ _______
Net current assets 3,009 9,010
_______ _______
Total assets less current liabilities 487,549 493,550
Creditors: amounts falling due
after more than one year 6 ( 469,540) ( 484,540)
_______ _______
Net assets 18,009 9,010
_______ _______
Capital and reserves
Profit and loss account 18,009 9,010
_______ _______
Shareholder funds 18,009 9,010
_______ _______
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges 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 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 September 2021 , and are signed on behalf of the board by:
Mr K Haig
Director
Company registration number: 12105285
HB Holiday Accommodations Limited
Statement of changes in equity
Year ended 31 July 2021
Profit and loss account Total
£ £
At 1 August 2019 - -
Profit for the year 9,010 9,010
_______ _______
Total comprehensive income for the year 9,010 9,010
_______ _______
At 31 July 2020 and 1 August 2020 9,010 9,010
Profit for the year 8,999 8,999
_______ _______
Total comprehensive income for the year 8,999 8,999
_______ _______
At 31 July 2021 18,009 18,009
_______ _______
HB Holiday Accommodations Limited
Notes to the financial statements
Year ended 31 July 2021
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit N, OYO Business Units, Fishers Grove, Portsmouth, Hants, PO6 1RN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
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.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 August 2020 and 31 July 2021 484,540 484,540
_______ _______
Depreciation
At 1 August 2020 and 31 July 2021 - -
_______ _______
Carrying amount
At 31 July 2021 484,540 484,540
_______ _______
At 31 July 2020 484,540 484,540
_______ _______
Tangible assets held at valuation
In view of their recent purchase and the volatile market conditions, the Company has not deemed it appropriate to carry out a full valuation of the Company's properties. The Board is satisfied that there has been no material adverse impact on those values.
5. Creditors: amounts falling due within one year
2021 2020
£ £
Corporation tax 2,111 2,114
Other creditors 850 800
_______ _______
2,961 2,914
_______ _______
6. Creditors: amounts falling due after more than one year
2021 2020
£ £
Director's loan 469,540 484,540
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr K Haig ( 484,540) 15,000 ( 469,540)
_______ _______ _______
2020
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr K Haig - ( 484,540) ( 484,540)
_______ _______ _______
8. Related party transactions
The Director has made an interest free facility of up to £500,000 available to the company. The loan is repayable at the discretion of the Company or upon notice of not less than one year and one day by the Lender.
HB Holiday Accommodations Limited
The following pages do not form part of the statutory accounts.
HB Holiday Accommodations Limited
Accountants report to the director on the preparation of the
unaudited statutory financial statements of HB Holiday Accommodations Limited
Year ended 31 July 2021
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 July 2021 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Rust Group LP
Kings Barn
Thame Road
Warborough
Oxfordshire
OX10 7DA