All Seasons Club Owners Associates Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06871043 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

All Seasons Club Owners Associates

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P J Hassall

S K Hassall

SECRETARY:

S K Hassall

REGISTERED OFFICE:

103 Pondtail Road

Horsham

West Sussex

RH12 5HT

REGISTERED NUMBER:

06871043 (England and Wales)

ACCOUNTANTS:

Indigo Tax and Accountancy Limited

The Barn

Brighton Road

Lower Beeding

Horsham

West Sussex

RH13 6PT

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

169,690

169,690

169,690

169,690

CURRENT ASSETS

Debtors

6

90,605

90,605

Cash in hand

178

103

90,783

90,708

CREDITORS

Amounts falling due within one year

7

199,437

168,732

NET CURRENT LIABILITIES

(108,654

)

(78,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

61,036

91,666

CREDITORS

Amounts falling due after more than one year

8

501,984

501,784

NET LIABILITIES

(440,948

)

(410,118

)

CAPITAL AND RESERVES

Called up share capital

71

71

Share premium

244,546

244,546

Other reserves

101,207

101,207

Fair value reserve

92,240

92,240

Retained earnings

(879,012

)

(848,182

)

(440,948

)

(410,118

)

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by:

P J Hassall - Director

1.	STATUTORY INFORMATION

All Seasons Club Owners Associates 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.

The accounts are prepared on a going concern basis, as in the opinion of the directors', the company can rely on the support of it's creditors and shareholders to meet debts as they fall due within the next 12 months.

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

-

straight line over 4 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

398

DEPRECIATION

At 1 April 2022

and 31 March 2023

398

NET BOOK VALUE

At 31 March 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

169,690

NET BOOK VALUE

At 31 March 2023

169,690

At 31 March 2022

169,690

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

90,605

90,605

The debtor balance is the estimated settlement from the ongoing litigation in Bulgaria. The company is still waiting on a final hearing, but believes there is a probable positive outcome for shareholders.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

25,380

25,592

Other creditors

174,057

143,140

199,437

168,732

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

11,847

10,500

Other creditors

490,137

491,284

501,984

501,784

9.	RELATED PARTY DISCLOSURES

During the year, the director's paid for expenses on behalf of the company amounting to £3751 and accrued fees amounting to £24,000. At the balance sheet date, the directors' were owed £156,572 (2022 - £151,256) as a secured creditor by a charge lodged over the company's property.

In the opinion of the directors, there is no controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of All Seasons Club Owners Associates Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of All Seasons Club Owners Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of All Seasons Club Owners Associates Limited and state those matters that we have agreed to state to the Board of Directors of All Seasons Club Owners Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than All Seasons Club Owners Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that All Seasons Club Owners Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of All Seasons Club Owners Associates Limited. You consider that All Seasons Club Owners Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of All Seasons Club Owners Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Indigo Tax and Accountancy Limited

The Barn

Brighton Road

Lower Beeding

Horsham

West Sussex

RH13 6PT

15 December 2023