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REGISTERED NUMBER: 04102992 (England and Wales)















Hinton Skydiving Centre Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Hinton Skydiving Centre Limited (Registered number: 04102992)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Hinton Skydiving Centre Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R G Wood
M R Browne





SECRETARY: R G Wood





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 04102992 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hinton Skydiving Centre Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hinton Skydiving Centre Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hinton Skydiving Centre Limited, as a body, in accordance with the terms of our engagement letter dated 20 December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Hinton Skydiving Centre Limited and state those matters that we have agreed to state to the Board of Directors of Hinton Skydiving Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hinton Skydiving Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hinton Skydiving Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hinton Skydiving Centre Limited. You consider that Hinton Skydiving Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hinton Skydiving Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


Date: .............................................

Hinton Skydiving Centre Limited (Registered number: 04102992)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 508,647 637,664
508,647 637,664

CURRENT ASSETS
Debtors 6 16,271 17,823
Cash at bank and in hand 202,747 210,942
219,018 228,765
CREDITORS
Amounts falling due within one year 7 381,100 634,672
NET CURRENT LIABILITIES (162,082 ) (405,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,565

231,757

CREDITORS
Amounts falling due after more than one
year

8

(125,848

)

(134,609

)

PROVISIONS FOR LIABILITIES (27,027 ) (41,974 )
NET ASSETS 193,690 55,174

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 193,688 55,172
SHAREHOLDERS' FUNDS 193,690 55,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)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.

Hinton Skydiving Centre Limited (Registered number: 04102992)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by:





R G Wood - Director


Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hinton Skydiving Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Property - 10% on reducing balance
Improvements to property - 15% on reducing balance and 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Aircraft - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 40,000
AMORTISATION
At 1 April 2022
and 31 March 2023 40,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
Property property machinery
£    £    £   
COST
At 1 April 2022 538,970 335,618 199,048
Additions - - 17,092
At 31 March 2023 538,970 335,618 216,140
DEPRECIATION
At 1 April 2022 230,631 146,543 171,815
Charge for year 30,834 28,361 8,865
At 31 March 2023 261,465 174,904 180,680
NET BOOK VALUE
At 31 March 2023 277,505 160,714 35,460
At 31 March 2022 308,339 189,075 27,233

Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Aircraft Totals
£    £    £    £   
COST
At 1 April 2022 146,316 31,098 1,056,985 2,308,035
Additions 375 - - 17,467
At 31 March 2023 146,691 31,098 1,056,985 2,325,502
DEPRECIATION
At 1 April 2022 117,871 20,119 983,392 1,670,371
Charge for year 4,267 2,745 71,412 146,484
At 31 March 2023 122,138 22,864 1,054,804 1,816,855
NET BOOK VALUE
At 31 March 2023 24,553 8,234 2,181 508,647
At 31 March 2022 28,445 10,979 73,593 637,664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,662
Other debtors 750 750
VAT 4,333 -
Prepayments and accrued income 11,188 14,411
16,271 17,823

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,761 8,761
Trade creditors 25,477 12,218
Corporation tax 29,575 44,376
VAT - 4,817
Other creditors 312,454 462,639
Directors' current accounts 33 45,400
Accruals and deferred income 4,800 56,461
381,100 634,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 125,848 134,609

Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 125,848 134,609

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Browne and R Wood.