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REGISTERED NUMBER: 06051099 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ESCAPE 2 THE SANDS LTD

ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESCAPE 2 THE SANDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr Richard John Dean
Mr Stephen Bateman Flint
Mrs Rachel Emma Crowther
Mr Robert John Dean





SECRETARY: Mrs Rachel Emma Crowther





REGISTERED OFFICE: Management Suite
Kepwick House
Peasholm Gap
Scarborough
North Yorkshire
YO12 7TN





REGISTERED NUMBER: 06051099 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,482 13,319
Investment property 5 165,640 125,000
176,122 138,319

CURRENT ASSETS
Stocks 13,289 11,010
Debtors 6 762,982 487,263
Cash at bank and in hand 148,836 495
925,107 498,768
CREDITORS
Amounts falling due within one year 7 1,041,102 486,142
NET CURRENT (LIABILITIES)/ASSETS (115,995 ) 12,626
TOTAL ASSETS LESS CURRENT LIABILITIES 60,127 150,945

CREDITORS
Amounts falling due after more than
one year

8

-

(111,910

)

PROVISIONS FOR LIABILITIES (4,791 ) (5,373 )
NET ASSETS 55,336 33,662

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 20,623 20,623
Retained earnings 33,713 12,039
55,336 33,662

ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

BALANCE SHEET - continued
31 JANUARY 2024


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Mr Richard John Dean - Director


ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

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


1. STATUTORY INFORMATION

Escape 2 The Sands 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

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.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account in the period in which the related work is carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 15 years
Fixtures, fittings and equipment - 33% on cost, 25% on cost and 20% on cost

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Stocks
Stocks are valued at the lower of costs 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 profit and loss account, 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.


ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have
considered the uncertainties around the general economic environment, the current and future
trading performance of the company and available cash. The directors have a reasonable
expectation that the company has adequate resources to continue in operational existence for the
foreseeable future, accordingly they continue to adopt the going concern basis in preparing the
financial statements.

Government grants
The company has adopted the accrual model in regards to accounting for grants.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 47 ) .

ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

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


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Long and
leasehold equipment Totals
£    £    £   
COST
At 1 February 2023 7,445 167,931 175,376
Additions - 3,715 3,715
At 31 January 2024 7,445 171,646 179,091
DEPRECIATION
At 1 February 2023 3,883 158,174 162,057
Charge for year 509 6,043 6,552
At 31 January 2024 4,392 164,217 168,609
NET BOOK VALUE
At 31 January 2024 3,053 7,429 10,482
At 31 January 2023 3,562 9,757 13,319

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 125,000
Additions 40,640
At 31 January 2024 165,640
NET BOOK VALUE
At 31 January 2024 165,640
At 31 January 2023 125,000

Investment properties included at fair value would have been included on a historical cost basis at:

2024 2023
£ £

Cost 101,443 101,443

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements.

ESCAPE 2 THE SANDS LTD (REGISTERED NUMBER: 06051099)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 318,935 326,327
Other debtors 444,047 160,936
762,982 487,263

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 249,536
Trade creditors 31,377 34,736
Taxation and social security 131,091 113,847
Other creditors 878,634 88,023
1,041,102 486,142

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 111,910

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 119,411

The bank borrowings are secured by a first legal charge over the freehold investment property.
Obligations under hire purchase contracts are secured by the assets concerned.

10. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 20,623

11. OTHER FINANCIAL COMMITMENTS

At the year end the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £323,360 (2023 £400,832).

12. RELATED PARTY DISCLOSURES

Included in debtors is a loan of £400,000 (2023 £120,000) to a company in which some of the directors are also directors and shareholders . This loan is deemed to be repayable on demand and no interest has been charged by the company on the amount outstanding.