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Registration number: 10002194

Secret Valley Escapes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Secret Valley Escapes Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Secret Valley Escapes Ltd

Company Information





 

Directors




 

DW Trueman

D Hirst

Registered office





 

1 Wheat Close
Holmbridge
Holmfirth
West Yorkshire
HD9 2QL

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Secret Valley Escapes Ltd

Directors' Report
for the Year Ended 29 February 2024

The directors present their report and the financial statements for the year ended 29 February 2024.

Directors of the company

The directors who held office during the year were as follows:

DW Trueman

D Hirst

Principal activity

The principal activity of the company is that of a glamping site.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
DW Trueman
Director

 

Secret Valley Escapes Ltd

(Registration number: 10002194 )
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

161,511

163,540

Current assets

 

Debtors

5

805

1,244

Cash at bank and in hand

 

429

2

 

1,234

1,246

Creditors: Amounts falling due within one year

6

(212,729)

(213,598)

Net current liabilities

 

(211,495)

(212,352)

Total assets less current liabilities

 

(49,984)

(48,812)

Creditors: Amounts falling due after more than one year

6

(13,880)

(18,626)

Net liabilities

 

(63,864)

(67,438)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(63,866)

(67,440)

Shareholders' deficit

 

(63,864)

(67,438)

For the financial year ending 29 February 2024 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 30 July 2024 and signed on its behalf by:
 

 

Secret Valley Escapes Ltd

(Registration number: 10002194 )
Balance Sheet as at 29 February 2024

.........................................
DW Trueman
Director

 

Secret Valley Escapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

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:
1 Wheat Close
Holmbridge
Holmfirth
West Yorkshire
HD9 2QL
United Kingdom

These financial statements were authorised for issue by the Board on 30 July 2024.

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.

Turnover

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.

 

Secret Valley Escapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

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

Plant and machinery

20% on reducing balance

Computer equipment

33.3% on reducing balance

Fixtures and fittings

20% on reducing balance

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Secret Valley Escapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

4

Tangible assets

Building works and land
£

Fixtures and fittings
£

Plant and machinery
£

Computer equipment
£

Cost or valuation

At 1 March 2023

124,393

56,238

6,328

514

Additions

3,607

2,766

-

-

At 29 February 2024

128,000

59,004

6,328

514

Depreciation

At 1 March 2023

-

18,964

4,602

367

Charge for the year

-

8,008

345

49

At 29 February 2024

-

26,972

4,947

416

Carrying amount

At 29 February 2024

128,000

32,032

1,381

98

At 28 February 2023

124,393

37,274

1,726

147

Total
£

Cost or valuation

At 1 March 2023

187,473

Additions

6,373

At 29 February 2024

193,846

Depreciation

At 1 March 2023

23,933

Charge for the year

8,402

At 29 February 2024

32,335

Carrying amount

At 29 February 2024

161,511

At 28 February 2023

163,540

 

Secret Valley Escapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

805

1,244

 

805

1,244

 

Secret Valley Escapes Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

4,746

4,343

Accruals and deferred income

 

1,020

1,000

Other creditors

 

206,963

208,255

 

212,729

213,598

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,880

18,626

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

13,880

18,626

2024
£

2023
£

Current loans and borrowings

Bank borrowings

4,746

4,343