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Registration number: 13464828

Wilder Retreats Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Wilder Retreats Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Wilder Retreats Ltd

Company Information

Directors

Mrs M Cleaver

Mr P Cleaver

Mr J Cleaver

Registered office

Springfield
Tiers Cross
Haverfordwest
Pembrokeshire
SA62 3DG
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Wilder Retreats Ltd

(Registration number: 13464828)
Balance Sheet as at 30 June 2023

Note

30 June
2023
£

30 June
2022
£

Fixed assets

 

Tangible assets

4

380,785

9,768

Current assets

 

Stocks

5

330

-

Debtors

6

20,650

1,000

Cash at bank and in hand

 

8,407

-

 

29,387

1,000

Creditors: Amounts falling due within one year

7

(106,136)

(12,384)

Net current liabilities

 

(76,749)

(11,384)

Total assets less current liabilities

 

304,036

(1,616)

Creditors: Amounts falling due after more than one year

7

(319,835)

-

Net liabilities

 

(15,799)

(1,616)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(15,899)

(1,716)

Shareholders' deficit

 

(15,799)

(1,616)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Wilder Retreats Ltd

(Registration number: 13464828)
Balance Sheet as at 30 June 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
Mr P Cleaver
Director

.........................................
Mr J Cleaver
Director

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Springfield
Tiers Cross
Haverfordwest
Pembrokeshire
SA62 3DG
Wales

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Cabins

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Properties under construction
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

-

9,768

-

9,768

Additions

38,647

331,521

2,156

372,324

At 30 June 2023

38,647

341,289

2,156

382,092

Depreciation

Charge for the year

1,146

-

161

1,307

At 30 June 2023

1,146

-

161

1,307

Carrying amount

At 30 June 2023

37,501

341,289

1,995

380,785

At 30 June 2022

-

9,768

-

9,768

5

Stocks

30 June
2023
£

30 June
2022
£

Other inventories

330

-

6

Debtors

Current

30 June
2023
£

30 June
2022
£

Prepayments

953

-

Other debtors

19,697

1,000

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

7

Creditors

Creditors: amounts falling due within one year

Note

30 June
2023
£

30 June
2022
£

Due within one year

 

Bank loans and overdrafts

9

-

483

Trade creditors

 

41,605

183

Taxation and social security

 

253

-

Accruals and deferred income

 

1,320

800

Other creditors

 

62,958

10,918

 

106,136

12,384

Creditors: amounts falling due after more than one year

Note

30 June
2023
£

30 June
2022
£

Due after one year

 

Loans and borrowings

9

319,835

-

 

Wilder Retreats Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023

8

Share capital

Allotted, called up and fully paid shares

 

30 June
2023

30 June
2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Loans and borrowings

30 June
2023
£

30 June
2022
£

Non-current loans and borrowings

Other borrowings

319,835

-

30 June
2023
£

30 June
2022
£

Current loans and borrowings

Bank overdrafts

-

483