Company Registration No. 08323086 (England and Wales)
BIG BEAR GLAMPING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
BIG BEAR GLAMPING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BIG BEAR GLAMPING LTD
COMPANY INFORMATION
Directors
Mr R J B Ropner
Mrs J L Ropner
Hill Farm Holdings Limited
Company number
08323086
Registered office
Camp Hill
Kirklington
Bedale
North Yorkshire
DL8 2LS
Accountants
TC Group
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
BIG BEAR GLAMPING LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
6,608
10,239
Tangible assets
4
43,486
37,084
50,094
47,323
Current assets
Debtors
5
254,434
195,260
Cash at bank and in hand
60,958
26,813
315,392
222,073
Creditors: amounts falling due within one year
6
(340,347)
(289,170)
Net current liabilities
(24,955)
(67,097)
Total assets less current liabilities
25,139
(19,774)
Creditors: amounts falling due after more than one year
7
(63,757)
(37,833)
Net liabilities
(38,618)
(57,607)
Capital and reserves
Called up share capital
110
110
Profit and loss reserves
(38,728)
(57,717)
Total equity
(38,618)
(57,607)
BIG BEAR GLAMPING LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2023 and are signed on its behalf by:
Mr R J B Ropner
Director
Company Registration No. 08323086
BIG BEAR GLAMPING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
Big Bear Glamping Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Camp Hill, Kirklington, Bedale, North Yorkshire, DL8 2LS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
3 years straight line
BIG BEAR GLAMPING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
10 years straight line
Plant and equipment
5 years straight line
Fixtures and fittings
4 years straight line
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
BIG BEAR GLAMPING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
13
8
3
Intangible fixed assets
Website
£
Cost
At 1 April 2022 and 31 March 2023
10,892
Amortisation and impairment
At 1 April 2022
653
Amortisation charged for the year
3,631
At 31 March 2023
4,284
Carrying amount
At 31 March 2023
6,608
At 31 March 2022
10,239
BIG BEAR GLAMPING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
3,979
145,090
149,069
Additions
4,228
12,876
17,104
At 31 March 2023
8,207
157,966
166,173
Depreciation and impairment
At 1 April 2022
3,582
108,403
111,985
Depreciation charged in the year
520
10,182
10,702
At 31 March 2023
4,102
118,585
122,687
Carrying amount
At 31 March 2023
4,105
39,381
43,486
At 31 March 2022
397
36,687
37,084
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
39,568
35,347
Corporation tax recoverable
20,369
20,369
Amounts owed by group undertakings
182,696
137,445
Other debtors
5,461
Prepayments and accrued income
6,340
2,099
254,434
195,260
BIG BEAR GLAMPING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
19,112
42,706
Taxation and social security
34,720
7,195
Deferred income
227,155
226,178
Other creditors
40,443
83
Accruals
8,917
3,008
340,347
289,170
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
23,205
32,891
Deferred income
40,552
4,942
63,757
37,833
8
Related party transactions
The company has taken exemption set out in FRS 102 from disclosing transactions with wholly owned group members.
9
Parent company
The company's immediate parent is Hill Farm Holdings Limited incorporated in England and Wales.
The company's ultimate controlling party is Mr R J B Ropner and Mrs J L Ropner.