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Company Registration No. 13213730 (England and Wales)
Climbing Hut Shrewsbury Limited Unaudited accounts for the year ended 31 December 2023
Climbing Hut Shrewsbury Limited Unaudited accounts Contents
Page
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Climbing Hut Shrewsbury Limited Company Information for the year ended 31 December 2023
Directors
Samantha Oxford George Thomson Richard Coates Anthony White Paul Drew
Company Number
13213730 (England and Wales)
Registered Office
Unit 1 Olympic Park Poole Hall Road Ellesmere Port CH66 1ST United Kingdom
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Climbing Hut Shrewsbury Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
300,615 
323,283 
Current assets
Debtors
121,725 
112,998 
Cash at bank and in hand
154,580 
92,368 
276,305 
205,366 
Creditors: amounts falling due within one year
(42,497)
(25,847)
Net current assets
233,808 
179,519 
Total assets less current liabilities
534,423 
502,802 
Creditors: amounts falling due after more than one year
(555,867)
(542,708)
Net liabilities
(21,444)
(39,906)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,445)
(39,907)
Shareholders' funds
(21,444)
(39,906)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
George Thomson Director Company Registration No. 13213730
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Climbing Hut Shrewsbury Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Climbing Hut Shrewsbury Limited is a private company, limited by shares, registered in England and Wales, registration number 13213730. The registered office is Unit 1 Olympic Park, Poole Hall Road, Ellesmere Port, CH66 1ST, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The climbing wall is included in plant and machinery at a cost of £310,000. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
between 3 to 15 years
Fixtures & fittings
15 years
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. The company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. Contributions payable are recognised in the profit and loss account when due. Amounts not paid are shown as accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Charitable donations
No donations were made during the year. (2022: £542 to climbers against cancer Registered Charity Number: 1158181)
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Climbing Hut Shrewsbury Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
314,918 
48,035 
362,953 
At 31 December 2023
314,918 
48,035 
362,953 
Depreciation
At 1 January 2023
36,558 
3,112 
39,670 
Charge for the year
20,890 
1,778 
22,668 
At 31 December 2023
57,448 
4,890 
62,338 
Net book value
At 31 December 2023
257,470 
43,145 
300,615 
At 31 December 2022
278,360 
44,923 
323,283 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,190 
1,241 
Amounts due from group undertakings etc.
1,189 
- 
Accrued income and prepayments
11,632 
3,268 
Other debtors
14,052 
15,320 
29,063 
19,829 
Amounts falling due after more than one year
Other debtors
92,662 
93,169 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,181 
2,090 
VAT
17,568 
13,445 
Trade creditors
10,134 
180 
Taxes and social security
6,535 
5,457 
Other creditors
1,438 
1,068 
Accruals
2,641 
3,607 
42,497 
25,847 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
555,867 
542,708 
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Climbing Hut Shrewsbury Limited Notes to the Accounts for the year ended 31 December 2023
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
72,000 
72,000 
Later than one year and not later than five years
314,125 
304,625 
Later than five years
643,375 
724,875 
1,029,500 
1,101,500 
9
Transactions with related parties
Related party transactions have occurred during the year with a company under the same control totalling £13,170 (2022: £14,913). There is a balance owed to that company of £57,157 as at 31 Dec 2023 (2022: £43,987) There were no related party transactions with the parent company, Climbing Hut Holdings Limited during the year. There is a balance owed to that company of £498,709 as at 31 Dec 2023 (2022: £498,721) Any balances remaining due at year end are shown as a liability in the balance sheet within note 7: Creditors amounts falling due after more than 1 year.
10
Controlling party
This company is 100% owned by Climbing Hut Holdings Limited and is therefore considered its controlling party.
11
Average number of employees
During the year the average number of employees was 23 (2022: 19).
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