Larkhill Tipis Limited 06257596 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Tipi and Yurt Glamping Holidays Digita Accounts Production Advanced 6.30.9574.0 Software true true 06257596 2023-04-01 2024-03-31 06257596 2024-03-31 06257596 bus:Director3 1 2024-03-31 06257596 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 06257596 core:RetainedEarningsAccumulatedLosses 2024-03-31 06257596 core:ShareCapital 2024-03-31 06257596 core:CurrentFinancialInstruments 2024-03-31 06257596 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06257596 core:PlantMachinery 2024-03-31 06257596 bus:SmallEntities 2023-04-01 2024-03-31 06257596 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06257596 bus:FullAccounts 2023-04-01 2024-03-31 06257596 bus:RegisteredOffice 2023-04-01 2024-03-31 06257596 bus:CompanySecretary1 2023-04-01 2024-03-31 06257596 bus:Director1 2023-04-01 2024-03-31 06257596 bus:Director3 2023-04-01 2024-03-31 06257596 bus:Director3 1 2023-04-01 2024-03-31 06257596 bus:OrdinaryShareClass1 bus:OtherShareType 2023-04-01 2024-03-31 06257596 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06257596 core:PlantMachinery 2023-04-01 2024-03-31 06257596 core:OtherRelatedParties 2023-04-01 2024-03-31 06257596 countries:Wales 2023-04-01 2024-03-31 06257596 2023-03-31 06257596 bus:Director3 1 2023-03-31 06257596 core:PlantMachinery 2023-03-31 06257596 2022-04-01 2023-03-31 06257596 2023-03-31 06257596 bus:Director3 1 2023-03-31 06257596 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 06257596 core:RetainedEarningsAccumulatedLosses 2023-03-31 06257596 core:ShareCapital 2023-03-31 06257596 core:CurrentFinancialInstruments 2023-03-31 06257596 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06257596 core:PlantMachinery 2023-03-31 06257596 bus:Director3 1 2022-04-01 2023-03-31 06257596 bus:Director3 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Filleted

Registration number: 06257596

Larkhill Tipis Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Larkhill Tipis Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Larkhill Tipis Limited

Company Information

Directors

Catherine Anne Jones

Mr Ivor Antony Wintle

Company secretary

Mrs Frances Teresa Wintle

Registered office

Larkhill Tipis
Cwmduad
Carmarthen
SA33 6AT

 

Larkhill Tipis Limited

(Registration number: 06257596)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,517

5,646

Current assets

 

Stocks

5

470

550

Debtors

6

727

791

Cash at bank and in hand

 

3,837

1,413

 

5,034

2,754

Creditors: Amounts falling due within one year

7

(12,575)

(13,288)

Net current liabilities

 

(7,541)

(10,534)

Net liabilities

 

(3,024)

(4,888)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(3,026)

(4,890)

Total equity

 

(3,024)

(4,888)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................
Mr Ivor Antony Wintle
Director

   
     
 

Larkhill Tipis Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Larkhill Tipis
Cwmduad
Carmarthen
SA33 6AT

These financial statements were authorised for issue by the Board on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a Going Concern basis. If the Going Concern basis was not used, it would be necessary to revalue certain assets and liabilities. The company is reliant on the continued support of the director, but there is no reason to believe that this support will be withdrawn and therefore the Going Concern basis is deemed appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Larkhill Tipis Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Larkhill Tipis Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Larkhill Tipis Limited

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

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

38,610

38,610

At 31 March 2024

38,610

38,610

Depreciation

At 1 April 2023

32,964

32,964

Charge for the year

1,129

1,129

At 31 March 2024

34,093

34,093

Carrying amount

At 31 March 2024

4,517

4,517

At 31 March 2023

5,646

5,646

5

Stocks

2024
£

2023
£

Other inventories

470

550

6

Debtors

2024
£

2023
£

Trade debtors

727

791

727

791

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

107

106

Other related parties

 

8,008

8,841

Other creditors

 

4,460

4,341

 

12,575

13,288

 

Larkhill Tipis Limited

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

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr Ivor Antony Wintle

Mr I Wintle

(8,841)

3,491

(2,657)

(8,007)

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Ivor Antony Wintle

Mr I Wintle

(7,988)

12,050

(12,903)

(8,841)

         
       

 

Summary of transactions with other related parties

Amounts due to other related parties, relates to a loan from the directors. This loan is interest free and repayable upon demand.