CARISMA_HOLIDAYS_LIMITED - Accounts

CARISMA_HOLIDAYS_LIMITED - Accounts

CARISMA HOLIDAYS LIMITED - Company Information

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Company Registration No. 01463209 (England and Wales)
CARISMA HOLIDAYS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
CARISMA HOLIDAYS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CARISMA HOLIDAYS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,270,665
1,383,836
Current assets
Debtors
84,013
95,946
Cash at bank and in hand
23,625
349,060
107,638
445,006
Creditors: amounts falling due within one year
(694,399)
(1,126,865)
Net current liabilities
(586,761)
(681,859)
Total assets less current liabilities
683,904
701,977
Creditors: amounts falling due after more than one year
(500,000)
(500,000)
Provisions for liabilities
(209,400)
(213,492)
(25,496)
(11,515)
Capital and reserves
Called up share capital
3
40,000
40,000
Profit and loss account
(65,496)
(51,515)
Shareholders'  funds
(25,496)
(11,515)
For the financial year ended 31 December 2015 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 April 2016
Mr M R Turner
Director
Company Registration No. 01463209
CARISMA HOLIDAYS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which is considered to be appropriate, although the company's ability to continue trading is reliant on the support of the directors.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT, discounts and refunds. Income, including deposits, is recognised in the accounts as the holidays take place.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold improvements
10% on cost
Mobile homes
4% on cost
Office equipment
10% on cost
Campsite equipment
10% on cost
Motor vehicles
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
CARISMA HOLIDAYS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
2,542,948
Additions
45,241
Disposals
(178,453)
At 31 December 2015
2,409,736
Depreciation
At 1 January 2015
1,159,112
On disposals
(119,061)
Charge for the year
99,020
At 31 December 2015
1,139,071
Net book value
At 31 December 2015
1,270,665
At 31 December 2014
1,383,836
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
40,000 ordinary shares of £1 each
40,000
40,000
4
Ultimate parent company
The ultimate controlling party is Mr M R Turner, by virtue of the fact that he and his wife own 100% of the shareholding in the company.
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