IRIS Accounts Production v24.2.0.383 07401292 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074012922023-03-31074012922024-03-31074012922023-04-012024-03-31074012922022-03-31074012922022-04-012023-03-31074012922023-03-3107401292ns15:EnglandWales2023-04-012024-03-3107401292ns14:PoundSterling2023-04-012024-03-3107401292ns10:Director12023-04-012024-03-3107401292ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107401292ns10:SmallEntities2023-04-012024-03-3107401292ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107401292ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107401292ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107401292ns10:FullAccounts2023-04-012024-03-3107401292ns10:Director42023-04-012024-03-3107401292ns10:RegisteredOffice2023-04-012024-03-3107401292ns5:CurrentFinancialInstruments2024-03-3107401292ns5:CurrentFinancialInstruments2023-03-3107401292ns5:Non-currentFinancialInstruments2024-03-3107401292ns5:Non-currentFinancialInstruments2023-03-3107401292ns5:ShareCapital2024-03-3107401292ns5:ShareCapital2023-03-3107401292ns5:RetainedEarningsAccumulatedLosses2024-03-3107401292ns5:RetainedEarningsAccumulatedLosses2023-03-3107401292ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3107401292ns5:PlantMachinery2023-04-012024-03-3107401292ns5:FurnitureFittings2023-04-012024-03-3107401292ns5:MotorVehicles2023-04-012024-03-3107401292ns5:ComputerEquipment2023-04-012024-03-3107401292ns5:LandBuildings2023-03-3107401292ns5:PlantMachinery2023-03-3107401292ns5:FurnitureFittings2023-03-3107401292ns5:LandBuildings2023-04-012024-03-3107401292ns5:LandBuildings2024-03-3107401292ns5:PlantMachinery2024-03-3107401292ns5:FurnitureFittings2024-03-3107401292ns5:LandBuildings2023-03-3107401292ns5:PlantMachinery2023-03-3107401292ns5:FurnitureFittings2023-03-3107401292ns5:MotorVehicles2023-03-3107401292ns5:ComputerEquipment2023-03-3107401292ns5:MotorVehicles2024-03-3107401292ns5:ComputerEquipment2024-03-3107401292ns5:MotorVehicles2023-03-3107401292ns5:ComputerEquipment2023-03-3107401292ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107401292ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 07401292 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WEST TANFIELD LUXURY LODGES LIMITED

WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST TANFIELD LUXURY LODGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: James Mark Gawthorpe
Sarah Nichola Gawthorpe





REGISTERED OFFICE: Cedar Retreats
West Tanfield
Ripon
North Yorkshire
HG4 5LH





REGISTERED NUMBER: 07401292 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
York House
Market Place
Leyburn
North Yorkshire
DL8 5AT

WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,901,584 1,958,322

CURRENT ASSETS
Debtors 5 5,021 2,278
Cash at bank 3,275 241
8,296 2,519
CREDITORS
Amounts falling due within one year 6 472,930 450,139
NET CURRENT LIABILITIES (464,634 ) (447,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,436,950 1,510,702

CREDITORS
Amounts falling due after more than one
year

7

(971,756

)

(1,072,401

)

PROVISIONS FOR LIABILITIES (17,802 ) (17,515 )
NET ASSETS 447,392 420,786

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Profit and loss account 417,392 390,786
447,392 420,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





James Mark Gawthorpe - Director


WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

West Tanfield Luxury Lodges 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. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. 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.
Freehold property - Straight line over 50 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer Equipment - 25% on reducing balance

Freehold land is not depreciated.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,973,061 54,568 172,646
DEPRECIATION
At 1 April 2023 106,921 13,446 125,044
Charge for year 35,762 8,225 11,902
At 31 March 2024 142,683 21,671 136,946
NET BOOK VALUE
At 31 March 2024 1,830,378 32,897 35,700
At 31 March 2023 1,866,140 41,122 47,602

WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,167 15,040 2,216,482
DEPRECIATION
At 1 April 2023 861 11,888 258,160
Charge for year 61 788 56,738
At 31 March 2024 922 12,676 314,898
NET BOOK VALUE
At 31 March 2024 245 2,364 1,901,584
At 31 March 2023 306 3,152 1,958,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,200 1,200
Other debtors 3,821 1,078
5,021 2,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 142,103 115,754
Hire purchase contracts 31,926 7,920
Trade creditors 631 21,855
Taxation and social security 42,255 11,853
Other creditors 256,015 292,757
472,930 450,139

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 971,756 1,040,721
Hire purchase contracts - 31,680
971,756 1,072,401

WEST TANFIELD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07401292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 431,858 594,952

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans 1,091,363 1,156,474

The bank loan is secured over the park land owned by West Tanfield Luxury Lodges Limited.

The company has a bounce back loan of £22,497 (2023: £32,500) which is unsecured but it is supported by a government guarantee.