4 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10850586 2022-04-01 2023-03-31 10850586 2023-03-31 10850586 2022-03-31 10850586 2021-04-01 2022-03-31 10850586 2022-03-31 10850586 core:IntangibleAssetsOtherThanGoodwill 2022-04-01 2023-03-31 10850586 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10850586 core:PlantMachinery 2022-04-01 2023-03-31 10850586 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 10850586 bus:Director1 2022-04-01 2023-03-31 10850586 core:IntangibleAssetsOtherThanGoodwill 2023-03-31 10850586 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 10850586 core:PlantMachinery 2022-03-31 10850586 core:FurnitureFittingsToolsEquipment 2022-03-31 10850586 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 10850586 core:PlantMachinery 2023-03-31 10850586 core:FurnitureFittingsToolsEquipment 2023-03-31 10850586 core:WithinOneYear 2023-03-31 10850586 core:WithinOneYear 2022-03-31 10850586 core:AfterOneYear 2023-03-31 10850586 core:AfterOneYear 2022-03-31 10850586 core:ShareCapital 2023-03-31 10850586 core:ShareCapital 2022-03-31 10850586 core:RetainedEarningsAccumulatedLosses 2023-03-31 10850586 core:RetainedEarningsAccumulatedLosses 2022-03-31 10850586 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 10850586 core:PlantMachinery 2022-03-31 10850586 core:FurnitureFittingsToolsEquipment 2022-03-31 10850586 bus:SmallEntities 2022-04-01 2023-03-31 10850586 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10850586 bus:FullAccounts 2022-04-01 2023-03-31 10850586 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10850586 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Company registration number: 10850586
Ribble Valley Glamping Limited
Unaudited filleted financial statements
31 March 2023
Ribble Valley Glamping Limited
Contents
Statement of financial position
Notes to the financial statements
Ribble Valley Glamping Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 85,080 76,406
_______ _______
85,080 76,406
Current assets
Debtors 7 91,684 96,312
Cash at bank and in hand 2,363 10,619
_______ _______
94,047 106,931
Creditors: amounts falling due
within one year 8 ( 72,393) ( 66,983)
_______ _______
Net current assets 21,654 39,948
_______ _______
Total assets less current liabilities 106,734 116,354
Creditors: amounts falling due
after more than one year 9 ( 7,863) ( 10,873)
Provisions for liabilities ( 10,765) ( 8,873)
_______ _______
Net assets 88,106 96,608
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 88,006 96,508
_______ _______
Shareholders funds 88,106 96,608
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 November 2023 , and are signed on behalf of the board by:
Mrs Anne Brewer
Director
Company registration number: 10850586
Ribble Valley Glamping Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise licence - 20 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 3.33 % straight line
Plant and equipment - 3.33 % straight line
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.Government grants are recognised using the accrual model and the performance model.Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 April 2022 and 31 March 2023 5,000 5,000
_______ _______
Amortisation
At 1 April 2022 and 31 March 2023 5,000 5,000
_______ _______
Carrying amount
At 31 March 2023 - -
_______ _______
At 31 March 2022 - -
_______ _______
6. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2022 37,900 25,959 26,991 90,850
Additions - - 17,142 17,142
_______ _______ _______ _______
At 31 March 2023 37,900 25,959 44,133 107,992
_______ _______ _______ _______
Depreciation
At 1 April 2022 2,953 662 10,829 14,444
Charge for the year 1,262 865 6,341 8,468
_______ _______ _______ _______
At 31 March 2023 4,215 1,527 17,170 22,912
_______ _______ _______ _______
Carrying amount
At 31 March 2023 33,685 24,432 26,963 85,080
_______ _______ _______ _______
At 31 March 2022 34,947 25,297 16,162 76,406
_______ _______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 47,131 40,245
Amounts owed by group undertakings and undertakings in which the company has a participating interest 40,000 55,500
Other debtors 4,553 567
_______ _______
91,684 96,312
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 3,010 2,936
Trade creditors 1,161 231
Corporation tax - 2,929
Social security and other taxes 8,735 581
Other creditors 59,487 60,306
_______ _______
72,393 66,983
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 7,863 10,873
_______ _______
10. Controlling party
The company is a wholly owned subsidiary of Dinckley Glamping Limited, a company registered in England and Wales.