WHITECAP LEISURE LIMITED

Company Registration Number:
03979736 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

WHITECAP LEISURE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WHITECAP LEISURE LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Management of the leisure activities, events, school visits and watersports tuition at Willen Lake South, Milton Keynes.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Simon Howes
Ian Palmer
Ali Powell
Ellen Wilson
Andrew Scholey


The director shown below has held office during the period of
1 April 2022 to 25 May 2022

Ian Jackson


The director shown below has held office during the period of
20 October 2022 to 31 March 2023

Chris Bridgman


Secretary Victoria Miles

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 July 2023

And signed on behalf of the board by:
Name: Simon Howes
Status: Director

WHITECAP LEISURE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 1,748,199 1,795,406
Cost of sales: ( 854,395 ) ( 944,302 )
Gross profit(or loss): 893,804 851,104
Distribution costs: 0 0
Administrative expenses: ( 885,699 ) ( 742,921 )
Other operating income: 0 0
Operating profit(or loss): 8,105 108,183
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 6,834 ) ( 17,208 )
Profit(or loss) before tax: 1,271 90,975
Tax: 0 0
Profit(or loss) for the financial year: 1,271 90,975

WHITECAP LEISURE LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 303,332 190,225
Investments:   0 0
Total fixed assets: 303,332 190,225
Current assets
Stocks: 4 1,425 144
Debtors: 5 252,417 108,958
Cash at bank and in hand: 56,111 341,155
Investments:   0 0
Total current assets: 309,953 450,257
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 502,012 ) ( 530,480 )
Net current assets (liabilities): (192,059) (80,223)
Total assets less current liabilities: 111,273 110,002
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 111,273 110,002
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 11,273 10,002
Total Shareholders' funds: 111,273 110,002

The notes form part of these financial statements

WHITECAP LEISURE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 July 2023
and signed on behalf of the board by:

Name: Simon Howes
Status: Director

The notes form part of these financial statements

WHITECAP LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Leasehold property 2%-20% straight linePlant & Machinery 10% - 33% straight lineMotor Vehicles 20% straight lineFixtures & Fittings 10%-20% straight lineOffice Equip 20% straight line

    Other accounting policies

    TaxationOperating leasesPension costsStocksCash at bank and in handFinancial instrumentsEquity instrumentsEmployee benefits

WHITECAP LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 66 52

WHITECAP LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 202,810 731,791 35,159 0 18,263 988,023
Additions 0 207,864 5,000 0 0 212,864
Disposals 0 ( 412,871 ) ( 4,000 ) 0 0 ( 416,871 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 March 2023 202,810 526,784 36,159 0 18,263 784,016
Depreciation
At 1 April 2022 164,088 609,827 15,866 0 8,017 797,798
Charge for year 9,747 73,977 7,732 0 2,157 93,613
On disposals 0 ( 407,860 ) ( 2,867 ) 0 0 ( 410,727 )
Other adjustments 0 0 0 0 0 0
At 31 March 2023 173,835 275,944 20,731 0 10,174 480,684
Net book value
At 31 March 2023 28,975 250,840 15,428 0 8,089 303,332
At 31 March 2022 38,722 121,964 19,293 0 10,246 190,225

WHITECAP LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 1,425 144
Payments on account 0 0
Total 1,425 144

WHITECAP LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 20,064 51,692
Prepayments and accrued income 100,452 21,442
Other debtors 131,901 35,824
Total 252,417 108,958
Debtors due after more than one year: 0 0

WHITECAP LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 19,740 40,135
Taxation and social security 6,326 35,580
Accruals and deferred income 184,831 148,446
Other creditors 291,115 306,319
Total 502,012 530,480