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REGISTERED NUMBER: 05658646 (England and Wales)















Unaudited Financial Statements for the Year Ended 25 March 2024

for

Callaly Leisure Limited

Callaly Leisure Limited (Registered number: 05658646)






Contents of the Financial Statements
for the Year Ended 25 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Callaly Leisure Limited

Company Information
for the Year Ended 25 March 2024







DIRECTOR: A Warnes





REGISTERED OFFICE: Riverside Rothbury Holiday Park
Rothbury
Northumberland
NE65 7QL





REGISTERED NUMBER: 05658646 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Callaly Leisure Limited (Registered number: 05658646)

Balance Sheet
25 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,056,035 2,869,142
Investment property 5 744,806 744,806
3,800,841 3,613,948

CURRENT ASSETS
Stocks 6 189,900 172,721
Debtors 7 1,469,146 754,537
Cash at bank and in hand 1,638,703 4,972,731
3,297,749 5,899,989
CREDITORS
Amounts falling due within one year 8 271,388 2,328,765
NET CURRENT ASSETS 3,026,361 3,571,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,827,202

7,185,172

CREDITORS
Amounts falling due after more than one
year

9

(5,112

)

(20,971

)

PROVISIONS FOR LIABILITIES (105,304 ) (93,581 )
NET ASSETS 6,716,786 7,070,620

Callaly Leisure Limited (Registered number: 05658646)

Balance Sheet - continued
25 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 11 6,716,736 7,070,570
6,716,786 7,070,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 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 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 25 July 2024 and were signed by:





A Warnes - Director


Callaly Leisure Limited (Registered number: 05658646)

Notes to the Financial Statements
for the Year Ended 25 March 2024

1. STATUTORY INFORMATION

Callaly Leisure Limited 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 (£).


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

Turnover is recognised on time accrued basis for site fees and for sale of goods when delivered and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance per annum
Fixtures and fittings - 25% on reducing balance per annum
Motor vehicles - 25% on reducing balance per annum
Hire Caravans - 15% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Callaly Leisure Limited (Registered number: 05658646)

Notes to the Financial Statements - continued
for the Year Ended 25 March 2024

2. ACCOUNTING POLICIES - continued

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

Cost includes all costs of purchases and other costs incurred in bringing the stock to its present condition.

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.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscovered amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortized cost, net of impairment.

Trade and other creditors
Trade and other creditors are initially recognized at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 22 ) .

Callaly Leisure Limited (Registered number: 05658646)

Notes to the Financial Statements - continued
for the Year Ended 25 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 26 March 2023 2,494,820 61,051 32,219
Additions 140,000 38,495 -
Disposals - - -
At 25 March 2024 2,634,820 99,546 32,219
DEPRECIATION
At 26 March 2023 - 37,949 24,061
Charge for year - 14,170 1,224
Eliminated on disposal - - -
At 25 March 2024 - 52,119 25,285
NET BOOK VALUE
At 25 March 2024 2,634,820 47,427 6,934
At 25 March 2023 2,494,820 23,102 8,158

Motor Hire
vehicles Caravans Totals
£    £    £   
COST
At 26 March 2023 213,720 346,577 3,148,387
Additions 112,250 - 290,745
Disposals (48,675 ) - (48,675 )
At 25 March 2024 277,295 346,577 3,390,457
DEPRECIATION
At 26 March 2023 66,466 150,769 279,245
Charge for year 45,211 19,581 80,186
Eliminated on disposal (25,009 ) - (25,009 )
At 25 March 2024 86,668 170,350 334,422
NET BOOK VALUE
At 25 March 2024 190,627 176,227 3,056,035
At 25 March 2023 147,254 195,808 2,869,142

Callaly Leisure Limited (Registered number: 05658646)

Notes to the Financial Statements - continued
for the Year Ended 25 March 2024

4. TANGIBLE FIXED ASSETS - continued

Included in the above assets are assets held under HP, Motor Vehicle with NBV of £78,518 and Plant & Machinery assets with NBV of £24,943

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 26 March 2023
and 25 March 2024 744,806
NET BOOK VALUE
At 25 March 2024 744,806
At 25 March 2023 744,806

6. STOCKS
2024 2023
£    £   
Stocks 189,900 172,721

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,615 5,543
Amounts owed by associates 312,184 -
Other debtors 10,986 5,600
Staff Loan 14,400 -
Directors' current accounts 703,955 549,602
Social security and other tax 115,356 -
VAT 17,987 25,414
Prepayments 21,078 14,149
1,199,561 600,308

Amounts falling due after more than one year:
Social security and other tax 269,585 154,229

Aggregate amounts 1,469,146 754,537

Callaly Leisure Limited (Registered number: 05658646)

Notes to the Financial Statements - continued
for the Year Ended 25 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,871 32,347
Trade creditors 74,416 91,394
Tax - 2,025,162
Social security and other taxes 7,392 19,774
Pension 169 191
Accrued expenses 164,540 159,897
271,388 2,328,765

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,112 20,971

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 29,983 53,318

The hire purchase contracts are secured on the assets concerned.

Bank Loans are secured against the freehold land and buildings.

11. RESERVES
Retained
earnings
£   

At 26 March 2023 7,070,570
Deficit for the year (353,834 )
At 25 March 2024 6,716,736

Callaly Leisure Limited (Registered number: 05658646)

Notes to the Financial Statements - continued
for the Year Ended 25 March 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 25 March 2024 and 25 March 2023:

2024 2023
£    £   
A Warnes
Balance outstanding at start of year 549,602 408,011
Amounts advanced 154,352 141,591
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 703,954 549,602