FOUR WINDS RESORTS LIMITED
|
Registered number: |
04955835
|
Balance Sheet |
as at 30 June 2021
|
|
Notes |
|
|
2021 |
|
|
2019 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
- |
|
|
1 |
|
Current assets |
Debtors |
4 |
|
451 |
|
|
650,665 |
Cash at bank and in hand |
|
|
3,788 |
|
|
1,973 |
|
|
|
4,239 |
|
|
652,638 |
|
Creditors: amounts falling due within one year |
5 |
|
(461,860) |
|
|
(1,335,491) |
|
Net current liabilities |
|
|
|
(457,621) |
|
|
(682,853) |
|
Net liabilities |
|
|
|
(457,621) |
|
|
(682,852) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
4,133,700 |
|
|
4,133,700 |
Profit and loss account |
|
|
|
(4,591,321) |
|
|
(4,816,552) |
|
Shareholders' funds |
|
|
|
(457,621) |
|
|
(682,852) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
NICHOLAS DICKINSON |
Director |
Approved by the board on 22 September 2021
|
|
FOUR WINDS RESORTS LIMITED
|
Notes to the Accounts |
for the period from 1 January 2020 to 30 June 2021
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is the total amount receivable by the company in the ordinary course of business in respect of resort development, project management and other services, excluding VAT.
|
|
|
Going Concern |
|
The company has now ceased trading with the resultant liabilties to shareholders being unpaid.
|
|
|
Investments |
|
Investments in joint ventures were measured at cost less any accumulated impairment losses. Changes in fair value were included in the profit and loss account.
|
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
|
|
|
2 |
Employees |
2021 |
|
2019 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
Joint |
Ventures : |
Equity & Loans |
£ |
|
Impaired Cost |
|
At 1 January 2020 |
1 |
|
Disposals |
(1) |
|
|
At 30 June 2021 |
- |
|
|
The company had a 50% interest in Boa Vista Holding Ltd, a resort developing holding company incorporated in Switzerland. |
|
|
In 2021 the company settled a longstanding dispute with the joint venture partner resulting in a partial recovery of the value which the company had invested. |
|
4 |
Debtors |
2021 |
|
2019 |
£ |
£ |
|
|
Other debtors |
451 |
|
650,665 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2021 |
|
2019 |
£ |
£ |
|
|
Retained loans & accrued interest |
144,500 |
|
604,800 |
|
Other loans |
217,000 |
|
535,000 |
|
Trade creditors |
- |
|
11,785 |
|
Other taxes and social security costs |
96,121 |
|
95,706 |
|
Accruals |
4,239 |
|
88,200 |
|
|
|
|
|
|
461,860 |
|
1,335,491 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
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FOUR WINDS RESORTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
10 Station Road |
|
Lode |
|
Cambridge |
|
CB25 9HB |