Brean Sands Holidays Limited Small abridged accounts
Brean Sands Holidays Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
07223651
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Abridged Financial Statements |
Year ended 31 December 2016
Contents |
Page |
Directors' report |
1 |
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
2 |
Abridged statement of income and retained earnings |
3 |
Abridged statement of financial position |
4 |
Notes to the abridged financial statements |
5 |
The following pages do not form part of the abridged financial statements
Detailed abridged income statement |
9 |
Notes to the detailed abridged income statement |
10 |
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Directors' Report |
Year ended 31 December 2016
The directors present their report and the unaudited abridged financial statements of the company for the year ended
31 December 2016
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Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
27 September 2017
and signed on behalf of the board by:
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Director |
Company Secretary |
Registered office: |
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Devon |
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Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31 December 2016
6 The Parade
Chartered Certified Accountants
Exmouth
Devon
EX8 1RL
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Abridged Statement of Income and Retained Earnings |
Year ended 31 December 2016
2016 |
2015 |
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Note |
£ |
£ |
Gross profit |
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Administrative expenses |
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--------- |
--------- |
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Operating profit |
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Other interest receivable and similar income |
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– |
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--------- |
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Profit before taxation |
4 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
– |
(
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Retained earnings at the start of the year |
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--------- |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Abridged Statement of Financial Position |
2016 |
2015 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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– |
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Current assets
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Members funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
27 September 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07223651
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Notes to the Abridged Financial Statements |
Year ended 31 December 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 72 Cranford Avenue, Exmouth, EX8 2QF, Devon.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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33.33% on cost |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Profit before taxation
Profit before taxation is stated after charging:
2016 |
2015 |
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£ |
£ |
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Depreciation of tangible assets |
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------- |
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5.
Tangible assets
£ |
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Cost |
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At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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Depreciation |
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At 1 January 2016 |
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Charge for the year |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
449 |
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At 31 December 2015 |
– |
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6.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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– |
(
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– |
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2015 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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– |
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– |
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7.
Related party transactions
At the year end the amounts owed by Newmans Holidays was £31505 (2015- £31513),by N H H Holdings (UK) Ltd was £130493 (2015 - £3248), by Holiday Caravans Direct Limited was £19532 (2015-£19532) and by Ladram Bay Caravans Limited was £6707 (2015- £6707). The company is controlled by
Mr N B Newman
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.
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Management Information |
Year ended 31 December 2016
The following pages do not form part of the abridged financial statements.
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Detailed Abridged Income Statement |
Year ended 31 December 2016
2016 |
2015 |
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£ |
£ |
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Turnover |
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Cost of sales
Subcontractor costs |
1,152 |
– |
Passes |
89,943 |
63,777 |
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91,095 |
63,777 |
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Gross profit |
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Overheads
Administrative expenses
Rent rates and water |
6,612 |
6,621 |
Light and heat |
487 |
976 |
Insurance |
– |
447 |
Repairs and maintenance (allowable) |
821 |
899 |
Caravan repairs and maintenance |
8,812 |
2,731 |
Cleaning |
46,826 |
33,823 |
Motor expenses |
10,007 |
– |
Printing postage and stationery |
548 |
645 |
General expenses (allowable) |
524 |
867 |
Advertising |
26,503 |
21,563 |
Bank charges |
7,811 |
6,671 |
Management charges payable |
105,292 |
10,550 |
Accountancy fees |
1,490 |
167 |
Depreciation of tangible assets |
225 |
3,701 |
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215,958 |
89,661 |
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Operating profit |
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Other interest receivable and similar income |
26 |
– |
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Profit before taxation |
24,273 |
107,560 |
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Notes to the Detailed Abridged Income Statement |
Year ended 31 December 2016
2016 |
2015 |
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£ |
£ |
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Other interest receivable and similar income
Interest on cash and cash equivalents |
26 |
– |
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