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REGISTERED NUMBER: 10612623 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BREAKAWAY LODGES LIMITED

BREAKAWAY LODGES LIMITED (REGISTERED NUMBER: 10612623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BREAKAWAY LODGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr A Baxter
Mrs G A Eldridge
Mrs L M Maclean
Mr C MacLean



REGISTERED OFFICE: Warwick Mill Business Centre
Warwick Mill Business Park
Warwick Bridge
Carlisle
CA4 8RR



REGISTERED NUMBER: 10612623 (England and Wales)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: The Royal Bank of Scotland
29 Harbour Road
Inverness
IV1 1NU

BREAKAWAY LODGES LIMITED (REGISTERED NUMBER: 10612623)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,049 21,172

CURRENT ASSETS
Debtors 5 - 7,030
Cash at bank and in hand 6,827 10,128
6,827 17,158
CREDITORS
Amounts falling due within one year 6 91,789 87,784
NET CURRENT LIABILITIES (84,962 ) (70,626 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,913 ) (49,454 )

CAPITAL AND RESERVES
Allotted, called up & fully paid share
capital

7

100

100
Profit & loss account - distributable (65,013 ) (49,554 )
SHAREHOLDERS' FUNDS (64,913 ) (49,454 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mrs G A Eldridge - Director


BREAKAWAY LODGES LIMITED (REGISTERED NUMBER: 10612623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Breakaway Lodges 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 27,208
Additions 2,415
At 28 February 2023 29,623
DEPRECIATION
At 1 March 2022 6,036
Charge for year 3,538
At 28 February 2023 9,574
NET BOOK VALUE
At 28 February 2023 20,049
At 28 February 2022 21,172

BREAKAWAY LODGES LIMITED (REGISTERED NUMBER: 10612623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 7,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,221 10,165
Taxation and social security 42 -
Other creditors 89,526 77,619
91,789 87,784

Included in other creditors is a loan from the directors, Mrs G A Eldridge & Mr A Baxter. At the balance sheet date this amounted to £50,920 (2022: £39,218). The loan is granted free of interest and is repayable as and when the company has the funds available to do so.

7. ALLOTTED, CALLED UP & FULLY PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Included in Other Creditors is a loan from James Business Services Ltd of £22,460 (2022: £20,910). Mrs G A Eldridge is a director of this company and the loan is granted free of interest and is repayable on demand.