Bat 2 Limited 07069458 false 2023-01-30 2024-01-29 2024-01-29 The principal activity of the company is the sale of static caravans to leisure parks Digita Accounts Production Advanced 6.30.9574.0 true true true 07069458 2023-01-30 2024-01-29 07069458 2024-01-29 07069458 bus:OrdinaryShareClass1 2024-01-29 07069458 core:CurrentFinancialInstruments 2024-01-29 07069458 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-29 07069458 core:FurnitureFittingsToolsEquipment 2024-01-29 07069458 core:LandBuildings 2024-01-29 07069458 core:MotorVehicles 2024-01-29 07069458 bus:SmallEntities 2023-01-30 2024-01-29 07069458 bus:AuditExemptWithAccountantsReport 2023-01-30 2024-01-29 07069458 bus:FullAccounts 2023-01-30 2024-01-29 07069458 bus:SmallCompaniesRegimeForAccounts 2023-01-30 2024-01-29 07069458 bus:RegisteredOffice 2023-01-30 2024-01-29 07069458 bus:Director1 2023-01-30 2024-01-29 07069458 bus:OrdinaryShareClass1 2023-01-30 2024-01-29 07069458 bus:PrivateLimitedCompanyLtd 2023-01-30 2024-01-29 07069458 core:FurnitureFittings 2023-01-30 2024-01-29 07069458 core:FurnitureFittingsToolsEquipment 2023-01-30 2024-01-29 07069458 core:LandBuildings 2023-01-30 2024-01-29 07069458 core:MotorVehicles 2023-01-30 2024-01-29 07069458 1 2023-01-30 2024-01-29 07069458 countries:EnglandWales 2023-01-30 2024-01-29 07069458 2023-01-29 07069458 core:FurnitureFittingsToolsEquipment 2023-01-29 07069458 core:LandBuildings 2023-01-29 07069458 core:MotorVehicles 2023-01-29 07069458 2022-01-30 2023-01-29 07069458 2023-01-29 07069458 bus:OrdinaryShareClass1 2023-01-29 07069458 core:CurrentFinancialInstruments 2023-01-29 07069458 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-29 07069458 core:FurnitureFittingsToolsEquipment 2023-01-29 07069458 core:LandBuildings 2023-01-29 07069458 core:MotorVehicles 2023-01-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07069458

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Annual Report and Unaudited Financial Statements

for the Year Ended 29 January 2024

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

(Registration number: 07069458)
Balance Sheet as at 29 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,336

13,548

Current assets

 

Stocks

5

2,956,551

859,412

Debtors

6

1,437,911

3,100,080

Cash at bank and in hand

 

520

190,120

 

4,394,982

4,149,612

Creditors: Amounts falling due within one year

7

(3,870,632)

(3,644,008)

Net current assets

 

524,350

505,604

Total assets less current liabilities

 

534,686

519,152

Provisions for liabilities

(1,964)

(2,574)

Net assets

 

532,722

516,578

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

532,622

516,478

Shareholders' funds

 

532,722

516,578

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

(Registration number: 07069458)
Balance Sheet as at 29 January 2024

For the financial year ending 29 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors’ report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

.........................................
Mr RJP Walters
Director

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024

1

General information

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

The address of its registered office is:
Lake Coast And Dale Leisure
Scotland Road
Carnforth
Lancashire
LA5 9RF

These financial statements were authorised for issue by the Board on 25 October 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.

The financial statements are presented in Sterling which is the functional currency of the company. The accounts are rounded to the nearest pound.

Group accounts not prepared

The company is part of a small group and the holding company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Notes to the Unaudited Financial Statements for the Year Ended 29 January 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

Property alterations

20% per annum straight line

Fixtures and fittings

20% per annum reducing balance

Motor vehicles

25% per annum 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.

Trade 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.

Trade 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.

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024

4

Tangible assets

Property alterations
£

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 30 January 2023

28,727

33,557

69,158

131,442

At 29 January 2024

28,727

33,557

69,158

131,442

Depreciation

At 30 January 2023

28,727

29,726

59,441

117,894

Charge for the year

-

780

2,432

3,212

At 29 January 2024

28,727

30,506

61,873

121,106

Carrying amount

At 29 January 2024

-

3,051

7,285

10,336

At 29 January 2023

-

3,831

9,717

13,548

5

Stocks

2024
£

2023
£

Caravan stock

2,956,551

859,412

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,431,216

3,073,109

Prepayments

6,695

5,912

Other debtors

-

21,059

 

1,437,911

3,100,080

 

Bat 2 Limited

trading as Lake Coast and Dale Leisure

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

9

217,763

-

Trade creditors

 

3,535,502

3,361,528

Taxation and social security

 

15,651

6,014

Accruals and deferred income

 

83,173

214,067

Other creditors

 

18,543

62,399

 

3,870,632

3,644,008

Creditors include a bank overdraft which is secured of £217,763 (2023 - £Nil)

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

217,763

-

10

Parent and ultimate parent undertaking

D & TB Holdings Limited holds 51% of the issued shares of Bat 2 Limited.

 The company's immediate parent is D & TB Holdings Limited, incorporated in England and Wales.