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REGISTERED NUMBER: 12675471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WESTLEY WOOD GLAMPING LIMITED

WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,402 88,020

CURRENT ASSETS
Stocks 500 500
Debtors 5 15,008 4,878
Cash at bank 3,440 3,930
18,948 9,308
CREDITORS
Amounts falling due within one year 6 39,702 34,935
NET CURRENT LIABILITIES (20,754 ) (25,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,648

62,393

PROVISIONS FOR LIABILITIES 8,953 8,028
NET ASSETS 42,695 54,365

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 42,595 54,265
SHAREHOLDERS' FUNDS 42,695 54,365

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 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.

WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





D B Glaister - Director


WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

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


1. STATUTORY INFORMATION

Westley Wood Glamping Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12675471

Registered office: Westley Farm
Cowcombe Hill
Frampton Mansell
Gloucestershire
GL6 8HP

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only the period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Glamping pods - 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

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


2. ACCOUNTING POLICIES - continued

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 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.

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

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.

WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

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


2. ACCOUNTING POLICIES - continued

Going concern
The company has made a loss in the year. The company directors have indicated that they will provide support to enable the company to meet its liabilities as they fall due. As this support will continue for the foreseeable future, for a period of at least 12 months, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Glamping Plant and
property pods machinery
£    £    £   
COST
At 1 April 2023 5,312 51,358 14,137
Additions - 1,814 -
At 31 March 2024 5,312 53,172 14,137
DEPRECIATION
At 1 April 2023 1,759 13,064 2,806
Charge for year 722 10,383 2,828
At 31 March 2024 2,481 23,447 5,634
NET BOOK VALUE
At 31 March 2024 2,831 29,725 8,503
At 31 March 2023 3,553 38,294 11,331

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 43,576 4,338 118,721
Additions 6,821 - 8,635
At 31 March 2024 50,397 4,338 127,356
DEPRECIATION
At 1 April 2023 10,594 2,478 30,701
Charge for year 8,874 1,446 24,253
At 31 March 2024 19,468 3,924 54,954
NET BOOK VALUE
At 31 March 2024 30,929 414 72,402
At 31 March 2023 32,982 1,860 88,020

WESTLEY WOOD GLAMPING LIMITED (REGISTERED NUMBER: 12675471)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,257 10,368
Other debtors 12 (8,459 )
Directors' loan accounts 149 -
VAT 2,463 1,269
Prepayments 2,127 1,700
15,008 4,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,246 3,853
Social security and other taxes (178 ) (682 )
Other creditors 823 -
Pensions Payable 31 34
Directors' loan accounts - 208
Accruals and deferred income 30,279 31,522
Accrued expenses 4,501 -
39,702 34,935

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

At 31 March 2024, a sum of £823 was owed from (2023: £8,459 owed to) Westley Farm Partnership, a partnership the directors are partners of.


9. ULTIMATE CONTROLLING PARTY

There is no single controlling party, the company is controlled by the directors.