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Company registration number: 08623676

Cawood Leisure Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Cawood Leisure Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Cawood Leisure Limited

Company Information

Directors

Mr KA Hind

Mrs C Hind

Registered office

4 Buttercrambe Road
Stamford Bridge
York
North Yorkshire
YO41 1AN

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cawood Leisure Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cawood Leisure Limited for the year ended 31 October 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Cawood Leisure Limited, as a body, in accordance with the terms of our engagement letter dated 13 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Cawood Leisure Limited and state those matters that we have agreed to state to the Board of Directors of Cawood Leisure Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cawood Leisure Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cawood Leisure Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cawood Leisure Limited. You consider that Cawood Leisure 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 accounts of Cawood Leisure 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 accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

29 July 2024

 

Cawood Leisure Limited

(Registration number: 08623676)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,295,486

2,253,871

Current assets

 

Stocks

6

209,491

192,767

Debtors

7

80,158

129,982

Cash at bank and in hand

 

76,975

469,997

 

366,624

792,746

Creditors: Amounts falling due within one year

8

(1,707,171)

(1,198,307)

Net current liabilities

 

(1,340,547)

(405,561)

Total assets less current liabilities

 

954,939

1,848,310

Creditors: Amounts falling due after more than one year

8

-

(986,663)

Provisions for liabilities

(33,921)

(17,873)

Net assets

 

921,018

843,774

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

920,018

842,774

Shareholders' funds

 

921,018

843,774

For the financial year ending 31 October 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.

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 29 July 2024 and signed on its behalf by:
 

 

Cawood Leisure Limited

(Registration number: 08623676)
Balance Sheet as at 31 October 2023

.........................................
Mr KA Hind
Director

   
     
 

Cawood Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
4 Buttercrambe Road
Stamford Bridge
York
North Yorkshire
YO41 1AN

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in S398 of the Companies Act 2006 on the basis that the company and its parent comprise a small group.

Going concern

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

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.

Government grants

Grants are credited to deferred revenue. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Cawood Leisure Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Freehold land

No depreciation

Fixtures, fittings and equipment

15% reducing balance

Stocks

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2022 - 12).

 

Cawood Leisure Limited

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

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

23,944

16,600

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 November 2022

2,159,805

182,162

2,341,967

Additions

-

65,559

65,559

At 31 October 2023

2,159,805

247,721

2,407,526

Depreciation

At 1 November 2022

-

88,096

88,096

Charge for the year

-

23,944

23,944

At 31 October 2023

-

112,040

112,040

Carrying amount

At 31 October 2023

2,159,805

135,681

2,295,486

At 31 October 2022

2,159,805

94,066

2,253,871

Included within the net book value of land and buildings above is £2,159,805 (2022 - £2,159,805) in respect of freehold land and buildings.
 

6

Stocks

2023
£

2022
£

Other inventories

209,491

192,767

 

Cawood Leisure Limited

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

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

51,548

96,760

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

25,000

25,000

Prepayments

 

3,610

5,450

Other debtors

 

-

2,772

 

80,158

129,982

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

-

99,201

Trade creditors

 

29,880

93,943

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

1,357,904

757,794

Taxation and social security

 

-

1,198

Corporation tax

 

21,249

37,889

Other creditors and accruals

 

298,138

208,282

 

1,707,171

1,198,307

Creditors include a bank loan which is secured of £nil (2022 - £99,201).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

-

986,663

Creditors include a bank loan which are secured of £nil (2022 - £986,663).

9

Related party transactions

Included in creditors is £1,357,904 ( 2022 - £757,794 ) due to Dalestead Limited, a wholly owned subsidiary of Yorkshire Holiday Parks Limited.

 

Cawood Leisure Limited

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

10

Parent and ultimate parent undertaking

The company's immediate parent is Yorkshire Holiday Parks Limited, incorporated in England and Wales.