Your Holiday Lets Ltd - Period Ending 2023-01-31

Your Holiday Lets Ltd

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 12

Your Holiday Lets Ltd

Company Information

Director

Mr Rupert Verrell

Registered office

c/o 65 Victoria Road Polegate East Sussex BN26 6BY

Accountants

Hogarth Business Services Ltd 65 Victoria Road Polegate East Sussex BN26 6BY

Your Holiday Lets Ltd

Director's Report for the Period from 12 January 2023 to 31 January 2023

The director presents his report and the financial statements for the period from 12 January 2023 to 31 January 2023.

Director of the company

The director who held office during the period was as follows:

Mr Rupert Verrell

Principal activity

The principal activity of the company is Rents Received

Going concern

No Going concern issues.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 October 2023
 

......................................... Mr Rupert Verrell Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Your Holiday Lets Ltd
for the Period Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Your Holiday Lets Ltd for the period ended 31 January 2023 as set out on pages 4 to 12 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Your Holiday Lets Ltd, as a body, in accordance with the terms of our engagement letter dated 23 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Your Holiday Lets Ltd and state those matters that we have agreed to state to the Board of Directors of Your Holiday Lets Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Your Holiday Lets Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Your Holiday Lets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Your Holiday Lets Ltd. You consider that Your Holiday Lets Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Your Holiday Lets Ltd. 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 accounts.

......................................

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

23 October 2023

Your Holiday Lets Ltd

Profit and Loss Account for the Period from 12 January 2023 to 31 January 2023

	Note	2023 £	2023 £
Turnover		9,189	134,773
Cost of sales		(5,492)	(80,556)
Gross profit		3,697	54,217
Administrative expenses		(1,554)	(21,778)
Operating profit		2,143	32,439
Profit before tax		2,143	32,439
Tax on profit		(429)	(6,488)
Profit for the financial period		1,714	25,951

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

Your Holiday Lets Ltd

Statement of Comprehensive Income for the Period from 12 January 2023 to 31 January 2023

	2023 £	2023 £
Profit for the period	1,714	25,951
Total comprehensive income for the period	1,714	25,951

Your Holiday Lets Ltd

(Registration number: 13844933)
Balance Sheet as at 31 January 2023

	Note	2023 £	2023 £
Current assets
Cash at bank and in hand		39,363	36,851
Creditors: Amounts falling due within one year	4	(38,697)	(35,899)
Net assets		666	952
Capital and reserves
Called up share capital	5	1	1
Retained earnings		665	951
Shareholders' funds		666	952

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 October 2023
 

......................................... Mr Rupert Verrell Director

Your Holiday Lets Ltd

Statement of Changes in Equity for the Period from 12 January 2023 to 31 January 2023

	Share capital £	Retained earnings £	Total £
At 12 January 2023	1	951	952
Profit for the period	-	1,714	1,714
Dividends	-	(2,000)	(2,000)
At 31 January 2023	1	665	666

	Share capital £	Retained earnings £	Total £
Profit for the period	-	25,951	25,951
Dividends	-	(25,000)	(25,000)
New share capital subscribed	1	-	1
At 11 January 2023	1	951	952

Your Holiday Lets Ltd

Notes to the Unaudited Financial Statements for the Period from 12 January 2023 to 31 January 2023

1	General information

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

The address of its registered office is:
c/o 65 Victoria Road
Polegate
East Sussex
BN26 6BY

These financial statements were authorised for issue by the director on 23 October 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Your Holiday Lets Ltd

Notes to the Unaudited Financial Statements for the Period from 12 January 2023 to 31 January 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

Your Holiday Lets Ltd

Notes to the Unaudited Financial Statements for the Period from 12 January 2023 to 31 January 2023

4

Creditors

Creditors: amounts falling due within one year

	2023 £	2023 £
Due within one year
Taxation and social security	6,917	6,488
Accruals and deferred income	1,039	908
Other creditors	30,741	28,503
	38,697	35,899

5	Share capital

6

Dividends

		2023		2023
		£		£
Interim dividend of £2,000.00 (2023 - £25,000.00) per ordinary share		2,000		25,000

7	Transition to FRS 102

Balance Sheet at 12 January 2022
 

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity	-	-	-	-

Your Holiday Lets Ltd

Notes to the Unaudited Financial Statements for the Period from 12 January 2023 to 31 January 2023

Balance Sheet at 11 January 2023
 

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity	-	-	-	-

Your Holiday Lets Ltd

Notes to the Unaudited Financial Statements for the Period from 12 January 2023 to 31 January 2023

Profit and Loss Account for the year ended 11 January 2023
 

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Turnover	-	-	-	-
Operating profit/(loss)	-	-	-	-
Profit/(loss) before tax	-	-	-	-
Profit/(loss) for the financial period	-	-	-	-