Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-310falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-09-010falsetrue 13223794 2021-09-01 2022-12-31 13223794 2021-02-24 2021-08-31 13223794 2022-12-31 13223794 2021-08-31 13223794 c:Director1 2021-09-01 2022-12-31 13223794 c:Director2 2021-09-01 2022-12-31 13223794 d:CurrentFinancialInstruments 2022-12-31 13223794 d:CurrentFinancialInstruments 2021-08-31 13223794 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13223794 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 13223794 d:ShareCapital 2022-12-31 13223794 d:ShareCapital 2021-08-31 13223794 d:RetainedEarningsAccumulatedLosses 2022-12-31 13223794 d:RetainedEarningsAccumulatedLosses 2021-08-31 13223794 c:FRS102 2021-09-01 2022-12-31 13223794 c:AuditExempt-NoAccountantsReport 2021-09-01 2022-12-31 13223794 c:FullAccounts 2021-09-01 2022-12-31 13223794 c:PrivateLimitedCompanyLtd 2021-09-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13223794










NEXT PHASE LEISURE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
NEXT PHASE LEISURE LIMITED
REGISTERED NUMBER: 13223794

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
31 August
2022
2021
Note
£
£

  

Current assets
  

Stocks
  
32,500
-

Debtors due within 1 year
  
8,060
-

Bank and cash balances
  
9,815
900

  
50,375
900

Creditors: amounts falling due within one year
  
(44,423)
-

Net current assets
  
 
 
5,952
 
 
900

Total assets less current liabilities
  
5,952
900

  

Net assets
  
5,952
900


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
  
5,052
-

  
5,952
900


Page 1

 
NEXT PHASE LEISURE LIMITED
REGISTERED NUMBER: 13223794
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr C J Harrison
................................................
Mr J E Harrison
Director
Director


Date: 27 September 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NEXT PHASE LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Next Phase Leisure Limited is a private company limited by shares and incorporated in England and Wales, registration number 13223794. The registered office is Woodland Holiday Park, Trimingham, Norfolk, NR11 8QJ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preperation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
NEXT PHASE LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
NEXT PHASE LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2021 - 0).


4.


Debtors

31 December
31 August
2022
2021
£
£


Trade debtors
540
-

Other debtors
7,520
-

8,060
-



5.


Creditors: Amounts falling due within one year

31 December
31 August
2022
2021
£
£

Trade creditors
26,238
-

Amounts owed to group undertakings
15,000
-

Corporation tax
1,185
-

Accruals and deferred income
2,000
-

44,423
-


 
Page 5