Keswick Holiday Properties Limited Filleted accounts for Companies House (small and micro)

KESWICK HOLIDAY PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11439076

Keswick Holiday Properties Limited

Filleted Unaudited Financial Statements

30 September 2022

Keswick Holiday Properties Limited

Statement of Financial Position

30 September 2022

	2022	2021
Note	£	£

Current assets

Debtors	4	51,933	13,312
Cash at bank and in hand		9,627	–
		--------	--------
		61,560	13,312

Creditors: amounts falling due within one year	5	13,297	4,049
		--------	--------
Net current assets		48,263	9,263
		--------	-------
Total assets less current liabilities		48,263	9,263
		--------	-------
Net assets		48,263	9,263
		--------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	48,163	9,163
	--------	-------
Shareholders funds	48,263	9,263
	--------	-------

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 30 September 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 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 27 February 2023 , and are signed on behalf of the board by:

Mr G Rowley

Director

Company registration number: 11439076

Keswick Holiday Properties Limited

Notes to the Financial Statements

Year ended 30 September 2022

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for short term holiday rentals during the year. Revenue from rent is recognised on invoice; 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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2022	2021
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	19,933	13,312
Other debtors	32,000	–
	--------	--------
	51,933	13,312
	--------	--------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Corporation tax	11,297	2,149
Other creditors	2,000	1,900
	--------	-------
	13,297	4,049
	--------	-------

6. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2022
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr G Rowley	–	20,000	20,000
	----	--------	--------

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr G Rowley	–	–	–
	----	----	----

The directors loan is interest free and is repayable on demand.

7. Controlling party

The company is a wholly owned subsidiary of Rowley and Rowley Limited, the registered office of the parent company is: Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.