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REGISTERED NUMBER: 02044063 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Le Ski Limited

Le Ski Limited (Registered number: 02044063)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Le Ski Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr N H Morgan
Ms E A Morgan





SECRETARY: Ms E A Morgan





REGISTERED OFFICE: Stirling House
139 Netheroyd Hill Road
Fixby
Huddersfield
West Yorkshire
HD2 2LX





REGISTERED NUMBER: 02044063 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Le Ski Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Le Ski Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Le Ski Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Le Ski Limited and state those matters that we have agreed to state to the Board of Directors of Le Ski Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Le Ski Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Le Ski Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Le Ski Limited. You consider that Le Ski 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 financial statements of Le Ski 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 financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


5 September 2024

Le Ski Limited (Registered number: 02044063)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,207 39,067
Tangible assets 5 2,338,419 1,381,901
2,368,626 1,420,968

CURRENT ASSETS
Stocks 99,436 50,000
Debtors 6 121,033 118,338
Cash at bank and in hand 832,442 988,814
1,052,911 1,157,152
CREDITORS
Amounts falling due within one year 7 489,597 608,750
NET CURRENT ASSETS 563,314 548,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,931,940

1,969,370

PROVISIONS FOR LIABILITIES 494,119 210,308
NET ASSETS 2,437,821 1,759,062

CAPITAL AND RESERVES
Called up share capital 30,100 30,100
Revaluation reserve 9 1,387,388 704,562
Retained earnings 1,020,333 1,024,400
2,437,821 1,759,062

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

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

Le Ski Limited (Registered number: 02044063)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




Mr N H Morgan - Director



Ms E A Morgan - Director


Le Ski Limited (Registered number: 02044063)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Le Ski 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Le Ski Limited (Registered number: 02044063)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 44,303
AMORTISATION
At 1 June 2023 5,236
Charge for year 8,860
At 31 May 2024 14,096
NET BOOK VALUE
At 31 May 2024 30,207
At 31 May 2023 39,067

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2023 1,276,814 413,645 96,272 1,786,731
Additions - 43,636 3,782 47,418
Revaluations 934,980 - - 934,980
At 31 May 2024 2,211,794 457,281 100,054 2,769,129
DEPRECIATION
At 1 June 2023 - 325,691 79,139 404,830
Charge for year - 21,954 3,926 25,880
At 31 May 2024 - 347,645 83,065 430,710
NET BOOK VALUE
At 31 May 2024 2,211,794 109,636 16,989 2,338,419
At 31 May 2023 1,276,814 87,954 17,133 1,381,901

Le Ski Limited (Registered number: 02044063)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2006 310,014 - - 310,014
Valuation in 2008 150,000 - - 150,000
Valuation in 2009 21,000 - - 21,000
Valuation in 2012 223,000 - - 223,000
Valuation in 2013 31,700 - - 31,700
Valuation in 2014 (8,976 ) - - (8,976 )
Valuation in 2015 (22,572 ) - - (22,572 )
Valuation in 2017 119,622 - - 119,622
Valuation in 2022 59,956 - - 59,956
Valuation in 2024 934,980 - - 934,980
Cost 393,070 457,281 100,054 950,405
2,211,794 457,281 100,054 2,769,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 121,033 118,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Payments on account 334,461 394,120
Trade creditors 114,787 54,490
Taxation and social security 1,586 102,523
Other creditors 38,763 57,617
489,597 608,750

8. LEASING AGREEMENTS
At 31st May 2024 the company was committed to paying chalet lease payments of £1,845,879 for the coming season (31st May 2023: £1,769,708).

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023 704,562
Revaluation of PPE 934,981
movement in year (252,155 )

At 31 May 2024 1,387,388

Le Ski Limited (Registered number: 02044063)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr N H Morgan
Balance outstanding at start of year - 312
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Le Ski Limited paid chalet rentals amounting to £319,635 (2023 £279,556) during the year to Mountain Projects Limited, a company under common control.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N H Morgan.