Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-315true2023-02-01falseNo description of principal activity6falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC413968 2023-02-01 2024-01-31 SC413968 2022-02-01 2023-01-31 SC413968 2024-01-31 SC413968 2023-01-31 SC413968 c:Director1 2023-02-01 2024-01-31 SC413968 c:Director2 2023-02-01 2024-01-31 SC413968 c:RegisteredOffice 2023-02-01 2024-01-31 SC413968 d:Buildings 2023-02-01 2024-01-31 SC413968 d:Buildings 2024-01-31 SC413968 d:Buildings 2023-01-31 SC413968 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC413968 d:PlantMachinery 2023-02-01 2024-01-31 SC413968 d:PlantMachinery 2024-01-31 SC413968 d:PlantMachinery 2023-01-31 SC413968 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC413968 d:MotorVehicles 2023-02-01 2024-01-31 SC413968 d:MotorVehicles 2024-01-31 SC413968 d:MotorVehicles 2023-01-31 SC413968 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC413968 d:OfficeEquipment 2023-02-01 2024-01-31 SC413968 d:OfficeEquipment 2024-01-31 SC413968 d:OfficeEquipment 2023-01-31 SC413968 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC413968 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 SC413968 d:OtherPropertyPlantEquipment 2024-01-31 SC413968 d:OtherPropertyPlantEquipment 2023-01-31 SC413968 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC413968 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC413968 d:Goodwill 2023-02-01 2024-01-31 SC413968 d:Goodwill 2024-01-31 SC413968 d:Goodwill 2023-01-31 SC413968 d:CurrentFinancialInstruments 2024-01-31 SC413968 d:CurrentFinancialInstruments 2023-01-31 SC413968 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC413968 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC413968 d:ShareCapital 2024-01-31 SC413968 d:ShareCapital 2023-01-31 SC413968 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC413968 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC413968 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC413968 c:OrdinaryShareClass1 2024-01-31 SC413968 c:OrdinaryShareClass1 2023-01-31 SC413968 c:FRS102 2023-02-01 2024-01-31 SC413968 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC413968 c:FullAccounts 2023-02-01 2024-01-31 SC413968 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC413968 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC413968










MHR LEISURE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
MHR LEISURE LIMITED
 

COMPANY INFORMATION


Directors
S Dishington 
R A W Dishington 




Registered number
SC413968



Registered office
14 City Quay
Camperdown Street

Dundee

DD1 3JA




Trading Address
Drumshademuir Caravan Park
Roundyhill

Forfar

Angus

DD8 1QT






Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
MHR LEISURE LIMITED
REGISTERED NUMBER: SC413968

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
200,000
225,000

Tangible assets
 5 
1,078,908
1,037,329

  
1,278,908
1,262,329

Current assets
  

Stocks
  
-
24,069

Debtors: amounts falling due within one year
 6 
6,161
4,886

Cash at bank and in hand
  
253,174
145,545

  
259,335
174,500

Creditors: amounts falling due within one year
 7 
(1,026,529)
(1,011,352)

Net current liabilities
  
 
 
(767,194)
 
 
(836,852)

Total assets less current liabilities
  
511,714
425,477

Provisions for liabilities
  

Deferred tax
  
(24,675)
(14,281)

  
 
 
(24,675)
 
 
(14,281)

Net assets
  
487,039
411,196


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
486,939
411,096

  
487,039
411,196


Page 1

 
MHR LEISURE LIMITED
REGISTERED NUMBER: SC413968

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.




R A W Dishington
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MHR LEISURE LIMITED
 

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

1.


General information

MHR Leisure Limited is a private company, limited by shares, domiciled in Scotland with registration number SC413968. The registered office is 14 City Quay, Camperdown Street, Dundee, DD1 3JA. The company's trading address is Drumshademuir Caravan Park, Roundyhill, Forfar, DD8 1QT.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MHR LEISURE LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.


Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
15% straight line
Motor vehicles
-
25% straight line
Office equipment
-
20% straight line
Caravans
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
MHR LEISURE LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).

Page 5

 
MHR LEISURE LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
500,000



At 31 January 2024

500,000



Amortisation


At 1 February 2023
275,000


Charge for the year on owned assets
25,000



At 31 January 2024

300,000



Net book value



At 31 January 2024
200,000



At 31 January 2023
225,000



Page 6

 
MHR LEISURE LIMITED
 

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

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Caravans

£
£
£
£
£



Cost or valuation


At 1 February 2023
980,208
69,748
26,500
4,737
60,633


Additions
-
94,425
-
-
-


Disposals
-
(34,100)
-
-
-



At 31 January 2024

980,208
130,073
26,500
4,737
60,633



Depreciation


At 1 February 2023
-
27,091
13,250
3,524
60,632


Charge for the year on owned assets
-
17,027
6,625
448
1


Disposals
-
(5,355)
-
-
-



At 31 January 2024

-
38,763
19,875
3,972
60,633



Net book value



At 31 January 2024
980,208
91,310
6,625
765
-



At 31 January 2023
980,208
42,657
13,250
1,213
1
Page 7

 
MHR LEISURE LIMITED
 

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

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 February 2023
1,141,826


Additions
94,425


Disposals
(34,100)



At 31 January 2024

1,202,151



Depreciation


At 1 February 2023
104,497


Charge for the year on owned assets
24,101


Disposals
(5,355)



At 31 January 2024

123,243



Net book value



At 31 January 2024
1,078,908



At 31 January 2023
1,037,329

Page 8

 
MHR LEISURE LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
1,265
1,025

Prepayments and accrued income
4,896
3,861

6,161
4,886



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,684
4,118

Other taxation and social security
22,321
27,102

Other creditors
953,824
953,902

Accruals and deferred income
47,700
26,230

1,026,529
1,011,352





8.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



Page 9