REGISTERED NUMBER: |
A & C Leisure (Holdings) Limited |
Unaudited Financial Statements |
for the period |
1 October 2022 to 28 February 2024 |
REGISTERED NUMBER: |
A & C Leisure (Holdings) Limited |
Unaudited Financial Statements |
for the period |
1 October 2022 to 28 February 2024 |
A & C Leisure (Holdings) Limited (Registered number: 05224146) |
Contents of the Financial Statements |
for the period 1 October 2022 to 28 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
A & C Leisure (Holdings) Limited |
Company Information |
for the period 1 October 2022 to 28 February 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Irish Square |
Upper Denbigh Road |
St Asaph |
Denbighshire |
LL17 0RN |
A & C Leisure (Holdings) Limited (Registered number: 05224146) |
Balance Sheet |
28 February 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
A & C Leisure (Holdings) Limited (Registered number: 05224146) |
Notes to the Financial Statements |
for the period 1 October 2022 to 28 February 2024 |
1. | STATUTORY INFORMATION |
A & C Leisure (Holdings) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
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 period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
A & C Leisure (Holdings) Limited (Registered number: 05224146) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 28 February 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 28 February 2024 |
DEPRECIATION |
At 1 October 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
At 30 September 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 1,482,225 | 690,840 |
Other debtors |
As at 28th February 2024 the company was owed £148,953 (2022: £148,953) by its parent company Holmes Family Investments Ltd. |
Also included in amounts owed by participating interests are amounts owed to the company from Restaurant 72 Limited of £617,807 (2022 £386,807) and North Wales Coffee Lounge Limited of £125,972 (2022 £155,080) both are companies in which Mr Holmes is also a director. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to participating interests | 121,500 | 73,071 |
Taxation and social security |
Other creditors |
A & C Leisure (Holdings) Limited (Registered number: 05224146) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 28 February 2024 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2022 |
£ | £ |
Bank loans |
The bank loan is secured on property at Aberafon Holiday Park, Nefyn, Pwllheli, Gwynedd LL53 6LL and is in favour of Livestock (UK) Limited |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 October 2022 |
Revaluation | (342,468 | ) |
At 28 February 2024 |
10. | RELATED PARTY DISCLOSURES |
During the year the company paid for expenses on behalf of North Wales Resorts (Snowdonia) Limited a company under common control. A the year end £582,735 (2023 £73,071 owed to) was due from North Wales Resorts (Snowdonia) Ltd. |
The company also paid for expenses on behalf of North Wales Resorts (Anglesey) Ltd, a company under common control. At the year end £6,758 was due to the company. |
During the year the company bought stock from North Wales Resorts Ltd for £121,500, this was still outstanding at the year end. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate control of the company lies with Craig Holmes on the basis that he owns all of the issued share capital in Holmes Family Investments Limited, which owns all of the issued share capital in A & C Leisure (Holdings) Limited. |