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REGISTERED NUMBER: 07808226 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Masterleisure (Tempsford) Limited

Masterleisure (Tempsford) Limited (Registered number: 07808226)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Masterleisure (Tempsford) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R D Masters
L D Moreno-Samuels





REGISTERED OFFICE: 1-2
Bunyan Road
Hitchin
Hertfordshire
SG5 1NL





REGISTERED NUMBER: 07808226 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Masterleisure (Tempsford) Limited (Registered number: 07808226)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 560 -

CURRENT ASSETS
Stocks 161,626 211,121
Debtors 6 - 1,340
Cash at bank and in hand 30,509 87,146
192,135 299,607
CREDITORS
Amounts falling due within one year 7 129,106 230,016
NET CURRENT ASSETS 63,029 69,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,589

69,591

CREDITORS
Amounts falling due after more than one year 8 (16,424 ) (31,994 )

PROVISIONS FOR LIABILITIES (340 ) -
NET ASSETS 46,825 37,597

CAPITAL AND RESERVES
Called up share capital 301 301
Retained earnings 46,524 37,296
SHAREHOLDERS' FUNDS 46,825 37,597

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Masterleisure (Tempsford) Limited (Registered number: 07808226)

Balance Sheet - continued
31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





R D Masters - Director


Masterleisure (Tempsford) Limited (Registered number: 07808226)

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

1. STATUTORY INFORMATION

Masterleisure (Tempsford) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Masterleisure (Tempsford) Limited (Registered number: 07808226)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 19,295
Additions 608
Disposals (400 )
At 31 October 2023 19,503
DEPRECIATION
At 1 November 2022 19,295
Charge for year 48
Eliminated on disposal (400 )
At 31 October 2023 18,943
NET BOOK VALUE
At 31 October 2023 560

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors - 1,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 11,188 18,524
Trade creditors 24,787 91,509
Taxation and social security 32,309 19,936
Other creditors 60,822 100,047
129,106 230,016

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 16,424 31,994

Masterleisure (Tempsford) Limited (Registered number: 07808226)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Bank loans 27,612 50,518

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £58,322 (2022:£98,167) to companies under common control.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Masterleisure (Tempsford) 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 Statement of Comprehensive Income 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 Masterleisure (Tempsford) Limited for the year ended 31 October 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Masterleisure (Tempsford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Masterleisure (Tempsford) Limited and state those matters that we have agreed to state to the Board of Directors of Masterleisure (Tempsford) 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 Masterleisure (Tempsford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Masterleisure (Tempsford) 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 Masterleisure (Tempsford) Limited. You consider that Masterleisure (Tempsford) 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 Masterleisure (Tempsford) 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.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


29 July 2024