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Unaudited Financial Statements |
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for the Year Ended 30 April 2019 |
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for |
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Court Hayes Holiday Lettings Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2019 |
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for |
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Court Hayes Holiday Lettings Limited |
Court Hayes Holiday Lettings Limited (Registered number: 08325063) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Court Hayes Holiday Lettings Limited |
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Company Information |
for the Year Ended 30 April 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1st Floor, Bridge House |
25 Fiddlebridge Lane |
Hatfield |
Hertfordshire |
AL10 0SP |
Court Hayes Holiday Lettings Limited (Registered number: 08325063) |
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Balance Sheet |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Court Hayes Holiday Lettings Limited (Registered number: 08325063) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | STATUTORY INFORMATION |
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Court Hayes Holiday Lettings Limited is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rent receivable in the period in respect of the company's residential property and |
is recognised as the rent becomes due. Turnover is measured at the fair value of the consideration |
received or receivable, excluding discounts and rebates; the company is not registered for Value |
Added Tax. |
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Tangible fixed assets |
As explained below, depreciation is not provided on the company's freehold property. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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Investment property |
In accordance with the FRSSE (effective April 2008), the company's investment property is revalued |
annually at its open market value. The surplus or deficit on revaluation is transferred to a revaluation |
reserve, unless any deficit would reduce the value of the property to less than its historical cost, in |
which case the deficit is taken to the profit and loss account. |
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Depreciation is not provided on the investment property, which is a departure from the Companies Act |
2006. In the opinion of the director, the property is primarily an investment and so its current value is |
of more significance than any measure of consumption; consequently, he believes that a depreciation |
charge would distort the true and fair view presented by the accounts, which therefore do not include a |
depreciation charge. |
Court Hayes Holiday Lettings Limited (Registered number: 08325063) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
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COST OR VALUATION |
At 1 May 2018 |
and 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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Cost or valuation at 30 April 2019 is represented by: |
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Freehold |
property |
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Valuation in 2019 | 511,679 |
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The freehold property was valued on an open market basis on 30 April 2019 by the director . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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Court Hayes Holiday Lettings Limited (Registered number: 08325063) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | RELATED PARTY DISCLOSURES |
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The Company is controlled by its director, via his interest in the Company's parent, Client Consultancy |
Services Limited. |
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During the year, the Company repaid £3,000 (2018: £35,000) to its parent company. At the year-end, |
the Company owed £177,000 (2018: £180,000) to its parent company. This loan is unsecured and |
there are no terms regarding interest or repayment, save that the parent company has agreed not to |
seek repayment of any of this loan within twelve months of the balance sheet date. |
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During the year the company received a facilitation fee of £10,000 (2018: £nil) from a company in |
which the director has an interest. |
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At the year-end, the Company owed £301,184 (2018: £301,184) to its director. No arrangements have |
been made concerning the payment of interest on, or the repayment of, this loan, save that the director |
has agreed not to seek repayment of £250,000 of this loan within twelve months of the balance sheet |
date. |