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REGISTERED NUMBER: 08124569 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

The Escape Newquay Ltd

The Escape Newquay Ltd (Registered number: 08124569)






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


The Escape Newquay Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G D Sanders





REGISTERED OFFICE: The Escape
Mount Wise
Newquay
Cornwall
TR7 2BE





REGISTERED NUMBER: 08124569 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

The Escape Newquay Ltd (Registered number: 08124569)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,667 28,333
Tangible assets 5 31,842 37,557
53,509 65,890

CURRENT ASSETS
Debtors 6 132,126 68,820
Cash at bank 82,324 155,347
214,450 224,167
CREDITORS
Amounts falling due within one year 7 39,528 43,882
NET CURRENT ASSETS 174,922 180,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,431

246,175

PROVISIONS FOR LIABILITIES 6,021 5,839
NET ASSETS 222,410 240,336

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,310 240,236
SHAREHOLDERS' FUNDS 222,410 240,336

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 director acknowledges his 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.

The Escape Newquay Ltd (Registered number: 08124569)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





G D Sanders - Director


The Escape Newquay Ltd (Registered number: 08124569)

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

1. STATUTORY INFORMATION

The Escape Newquay Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 2 (2023 - 2 ) .

The Escape Newquay Ltd (Registered number: 08124569)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 71,667
Charge for year 6,666
At 31 March 2024 78,333
NET BOOK VALUE
At 31 March 2024 21,667
At 31 March 2023 28,333

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 11,629 62,768 74,397
Additions - 4,174 4,174
At 31 March 2024 11,629 66,942 78,571
DEPRECIATION
At 1 April 2023 4,803 32,037 36,840
Charge for year 1,163 8,726 9,889
At 31 March 2024 5,966 40,763 46,729
NET BOOK VALUE
At 31 March 2024 5,663 26,179 31,842
At 31 March 2023 6,826 30,731 37,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 132,126 68,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,207 3,784
Taxation and social security 25,694 27,442
Other creditors 8,627 12,656
39,528 43,882