Highridge Holiday Lets Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12802881 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Highridge Holiday Lets Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S R Brewer

REGISTERED OFFICE:

28 Highridge Close

Weavering

Maidstone

ME14 5XQ

REGISTERED NUMBER:

12802881 (England and Wales)

ACCOUNTANT:

L. A. Horsfall

Lonicera

Rhododendron Avenue

Meopham

Kent

DA13 0TT

FIXED ASSETS

Tangible assets

4

281,210

284,131

CURRENT ASSETS

Debtors

5

52

52

Cash at bank

1,082

2,323

1,134

2,375

CREDITORS

Amounts falling due within one year

6

156,123

149,517

NET CURRENT LIABILITIES

(154,989

)

(147,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,221

136,989

CREDITORS

Amounts falling due after more than one year

7

162,871

162,871

NET LIABILITIES

(36,650

)

(25,882

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(36,750

)

(25,982

)

(36,650

)

(25,882

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2023 and were signed by:

S R Brewer - Director

1.	STATUTORY INFORMATION

Highridge Holiday Lets Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2022

265,465

26,352

291,817

Additions

-

2,327

2,327

At 31 January 2023

265,465

28,679

294,144

DEPRECIATION

At 1 February 2022

-

7,686

7,686

Charge for year

-

5,248

5,248

At 31 January 2023

-

12,934

12,934

NET BOOK VALUE

At 31 January 2023

265,465

15,745

281,210

At 31 January 2022

265,465

18,666

284,131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Other debtors

52

52

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

6,834

6,834

Other creditors

149,289

142,683

156,123

149,517

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

162,871

162,871

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.23

31.1.22

£

£

Bank loans

169,705

169,705

The bank loan is secured over the company's property.