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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Director's report |
5 |
Independent auditor's report to the members |
8 |
Consolidated statement of comprehensive income |
13 |
Consolidated statement of financial position |
14 |
Company statement of financial position |
15 |
Consolidated statement of changes in equity |
16 |
Company statement of changes in equity |
17 |
Consolidated statement of cash flows |
18 |
Notes to the financial statements |
19 |
|
Officers and Professional Advisers |
Director |
|
Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
|
2 Westbrook Court |
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Sharrow Vale Road |
|
Sheffield |
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S11 8YZ |
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Bankers |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Unit |
2023 |
2022 |
|
Emissions resulting from activities for which the group is responsible |
tCO2e |
897 |
939 |
Emissions resulting from the purchase of electricity by the group for its own use |
tCO2e |
18 |
18 |
Emissions type 3 |
tCO2e |
1,405 |
1,410 |
------- |
------- |
||
Total emissions |
tCO2e |
2,320 |
2,367 |
Intensity metric |
7.84 |
8.51 |
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------- |
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Director |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
2 Westbrook Court |
Sharrow Vale Road |
Sheffield |
S11 8YZ |
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Consolidated Statement of Comprehensive Income |
2023 |
2022 |
||
Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
|
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Other operating income |
5 |
– |
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------------- |
------------- |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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------------- |
------------- |
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Profit before taxation |
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Tax on profit |
12 |
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--------- |
------------ |
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Profit for the financial year and total comprehensive income |
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--------- |
------------ |
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Consolidated Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
|
Intangible assets |
14 |
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Tangible assets |
15 |
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------------- |
------------- |
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Stocks |
17 |
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Debtors: due within one year |
18 |
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Debtors: due after more than one year |
18 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
20 |
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------------- |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
21 |
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Provisions |
23 |
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Net assets |
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Called up share capital |
27 |
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Profit and loss account |
28 |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Investments |
16 |
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Debtors: due within one year |
18 |
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Cash at bank and in hand |
– |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
20 |
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------------ |
------------ |
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Net current assets |
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------------- |
------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
21 |
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------------- |
------------- |
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Net assets |
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------------- |
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Called up share capital |
27 |
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Capital redemption reserve |
28 |
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Profit and loss account |
28 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
At 1 January 2022 |
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|
|
Profit for the year |
|
|
|
-------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
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At 31 December 2022 |
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Profit for the year |
|
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-------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
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-------- |
------------- |
------------- |
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At 31 December 2023 |
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-------- |
------------- |
------------- |
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Company Statement of Changes in Equity |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
|
£ |
£ |
£ |
£ |
|
At 1 January 2022 |
|
– |
|
|
Profit for the year |
|
|
||
-------- |
---- |
--------- |
--------- |
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Total comprehensive income for the year |
– |
– |
|
|
Redemption of shares |
– |
|
(
|
– |
-------- |
--------- |
--------- |
--------- |
|
Total investments by and distributions to owners |
– |
|
(
|
– |
At 31 December 2022 |
|
|
|
|
Profit for the year |
|
|
||
-------- |
--------- |
--------- |
------------ |
|
Total comprehensive income for the year |
– |
– |
|
|
-------- |
--------- |
--------- |
------------ |
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At 31 December 2023 |
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|
|
|
-------- |
--------- |
--------- |
------------ |
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Consolidated Statement of Cash Flows |
2023 |
2022 |
|
Note |
£ |
£ |
Profit for the financial year |
|
|
Adjustments for: |
||
Depreciation of tangible assets |
|
|
Amortisation of intangible assets |
|
|
Other interest receivable and similar income |
(
|
(
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Interest payable and similar expenses |
|
|
Loss/(gains) on disposal of tangible assets |
|
(
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Tax on profit |
|
|
Accrued expenses |
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Changes in: |
||
Stocks |
(
|
(
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Trade and other debtors |
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Trade and other creditors |
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|
Provisions and employee benefits |
|
(
|
------------ |
------------- |
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Cash generated from operations |
|
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Interest paid |
(
|
(
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Interest received |
|
|
Tax received |
– |
|
------------ |
------------- |
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Net cash from operating activities |
|
|
------------ |
------------- |
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Purchase of tangible assets |
(
|
(
|
Proceeds from sale of tangible assets |
– |
|
Acquisition of subsidiaries |
– |
(
|
------------ |
------------- |
|
Net cash used in investing activities |
(
|
(
|
------------ |
------------- |
|
Payments of share issue costs |
– |
(
|
Proceeds from borrowings |
– |
|
Repayments of borrowings |
(
|
(
|
Proceeds from finance leases |
|
– |
Payments of finance lease liabilities |
(
|
(
|
------------ |
------------- |
|
Net cash (used in)/from financing activities |
(
|
|
------------ |
------------- |
|
Net decrease in cash and cash equivalents |
(
|
(
|
|
Cash and cash equivalents at beginning of year |
10,785 |
1,770,265 |
|
--------- |
------------ |
||
Cash and cash equivalents at end of year |
19 |
(
|
|
--------- |
------------ |
||
|
Notes to the Financial Statements |
Goodwill |
- |
over
|
|
Plant, equipment, fixtures and fittings |
- |
3-10 years
|
|
Motor vehicles |
- |
|
|
Computer and IT equipment |
- |
2-5 years straight line
|
|
2023 |
2022 |
|
£ |
£ |
|
Provision of holiday accommodation and associated guest spend |
|
|
------------- |
------------- |
|
2023 |
2022 |
|
£ |
£ |
|
Government grant income |
– |
|
---- |
------- |
|
2023 |
2022 |
|
£ |
£ |
|
Amortisation of intangible assets |
|
|
Depreciation of tangible assets |
|
|
Loss/(gains) on disposal of tangible assets |
|
(
|
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
-------- |
-------- |
|
Taxation compliance services |
|
|
Taxation advisory services |
|
– |
Other assurance services |
|
|
Other non-audit services |
|
|
-------- |
-------- |
|
22,335 |
17,146 |
|
-------- |
-------- |
|
2023 |
2022 |
|
No. |
No. |
|
Production staff |
|
|
Administrative staff |
|
|
Management staff |
55 |
55 |
---- |
---- |
|
|
|
|
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
------------- |
------------- |
|
|
|
|
------------- |
------------- |
|
2023 |
2022 |
|
£ |
£ |
|
Remuneration |
|
|
Company contributions to defined contribution pension plans |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Aggregate remuneration |
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Interest on cash and cash equivalents |
|
– |
Other interest receivable and similar income |
– |
|
---- |
---- |
|
|
|
|
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
Dividends paid on shares classed as debt |
|
|
Other interest payable and similar charges |
|
– |
------------ |
--------- |
|
|
|
|
------------ |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
UK current tax income |
– |
(
|
Origination and reversal of timing differences |
|
|
--------- |
--------- |
|
Tax on profit |
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
------------ |
|
Profit on ordinary activities by rate of tax |
|
|
Effect of expenses not deductible for tax purposes |
– |
|
Effect of capital allowances and depreciation |
|
|
Utilisation of tax losses |
– |
(
|
Unused tax losses |
|
(
|
--------- |
------------ |
|
Tax on profit |
|
|
--------- |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Dividends on shares classed as financial liabilities |
139,200 |
139,200 |
--------- |
--------- |
|
Group |
Goodwill |
£ |
|
Cost |
|
At 1 January 2023 and 31 December 2023 |
|
------------- |
|
Amortisation |
|
At 1 January 2023 |
|
Charge for the year |
|
------------- |
|
At 31 December 2023 |
|
------------- |
|
Carrying amount |
|
At 31 December 2023 |
|
------------- |
|
At 31 December 2022 |
|
------------- |
|
Group |
Freehold property |
Plant and machinery |
Motor vehicles |
Equipment |
Investment property |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Jan 2023 |
|
|
|
|
|
|
Additions |
– |
|
|
|
– |
|
Disposals |
– |
(
|
(
|
(
|
– |
(
|
Transfers |
– |
(
|
|
|
– |
– |
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
|
At 31 Dec 2023 |
|
|
|
|
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
|
Depreciation |
||||||
At 1 Jan 2023 |
– |
|
|
|
– |
|
Charge for the year |
– |
|
|
|
– |
|
Disposals |
– |
(
|
(
|
(
|
– |
(
|
Transfers |
– |
(
|
|
|
– |
– |
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
|
At 31 Dec 2023 |
– |
|
|
|
– |
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
|
Carrying amount |
||||||
At 31 Dec 2023 |
|
|
|
|
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
|
At 31 Dec 2022 |
|
|
|
|
|
|
------------- |
------------- |
--------- |
--------- |
--------- |
------------- |
|
Group |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
|
At 31 December 2023 |
|
|
|
--------- |
-------- |
--------- |
|
At 31 December 2022 |
|
|
|
--------- |
-------- |
--------- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 January 2023 and 31 December 2023 |
|
------------- |
|
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
------------- |
|
Carrying amount |
|
At 1 January 2023 and 31 December 2023 |
|
------------- |
|
At 31 December 2022 |
|
------------- |
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
|
Ordinary |
100 |
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Stocks of food, beverages and consumables |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
|
|
Prepayments and accrued income |
|
|
– |
– |
Corporation tax repayable |
|
– |
– |
– |
Director's loan account |
|
|
– |
– |
S 455 tax recoverable |
(1,352,589) |
(1,353,940) |
– |
– |
Other debtors |
|
|
– |
– |
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
S 455 tax recoverable |
1,352,589 |
1,353,940 |
– |
– |
------------ |
------------ |
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Cash at bank and in hand |
|
|
Bank overdrafts |
(
|
(
|
--------- |
--------- |
|
(
|
|
|
--------- |
--------- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
|
|
Trade creditors |
|
|
– |
– |
Accruals and deferred income |
|
|
– |
|
Social security and other taxes |
|
|
– |
– |
Shares classed as financial liabilities |
|
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
Other creditors |
|
|
– |
– |
------------- |
------------- |
------------ |
------------ |
|
|
|
|
|
|
------------- |
------------- |
------------ |
------------ |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
------------- |
------------- |
------------- |
------------- |
|
|
|
|
|
|
------------- |
------------- |
------------- |
------------- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
Group |
Deferred tax (note 24) |
£ |
|
At 1 January 2023 |
|
Additions |
|
--------- |
|
At 31 December 2023 |
|
--------- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 23) |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Government grants released to profit or loss |
– |
|
– |
– |
---- |
------- |
---- |
---- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
24,000 |
|
24,000 |
-------- |
-------- |
-------- |
-------- |
|
|
|
3,000,000 |
|
3,000,000 |
------------ |
------------ |
------------ |
------------ |
|
At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(65,456) |
|
Bank overdrafts |
(192,431) |
(576,728) |
(769,159) |
Debt due within one year |
(939,425) |
(321,774) |
(1,261,199) |
Debt due after one year |
(22,320,661) |
1,136,846 |
(21,183,815) |
------------- |
------------ |
------------- |
|
(
|
|
(
|
|
------------- |
------------ |
------------- |
|