Company Registration No. 11050056 (England and Wales)
Group Retreats Limited
Unaudited accounts
for the year ended 30 January 2024
Group Retreats Limited
Unaudited accounts
Contents
Group Retreats Limited
Company Information
for the year ended 30 January 2024
Directors
Sam MARSDEN
Martin BRADSHAW
George MARSDEN
Company Number
11050056 (England and Wales)
Registered Office
23 LOWER BROOK STREET
IPSWICH
IP4 1AQ
ENGLAND
Accountants
Tax Nest Accountants Ltd
Office 18
241E, High Street North
London
E12 6SJ
Group Retreats Limited
Statement of financial position
as at 30 January 2024
Intangible assets
58,000
23,000
Tangible assets
711,722
524,006
Cash at bank and in hand
197,785
154,813
Creditors: amounts falling due within one year
(108,306)
(120,842)
Net current assets
174,423
179,980
Total assets less current liabilities
944,145
726,986
Creditors: amounts falling due after more than one year
(127,556)
(117,504)
Net assets
816,589
609,482
Called up share capital
1
1
Profit and loss account
816,588
609,481
Shareholders' funds
816,589
609,482
For the year ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
George MARSDEN
Director
Company Registration No. 11050056
Group Retreats Limited
Notes to the Accounts
for the year ended 30 January 2024
Group Retreats Limited is a private company, limited by shares, registered in England and Wales, registration number 11050056. The registered office is 23 LOWER BROOK STREET, IPSWICH, IP4 1AQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% WDV
Computer equipment
15% WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Group Retreats Limited
Notes to the Accounts
for the year ended 30 January 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 31 January 2023
85,090
4,167
538,760
6,938
634,955
Additions
3,160
4,751
250,971
980
259,862
At 30 January 2024
88,250
8,918
789,731
7,918
894,817
At 31 January 2023
21,781
1,156
86,459
1,553
110,949
Charge for the year
9,796
1,164
60,243
943
72,146
At 30 January 2024
31,577
2,320
146,702
2,496
183,095
At 30 January 2024
56,673
6,598
643,029
5,422
711,722
At 30 January 2023
63,309
3,011
452,301
5,385
524,006
Amounts falling due within one year
Trade debtors
11,862
15,729
Accrued income and prepayments
-
15,148
Other debtors
60,000
60,000
Group Retreats Limited
Notes to the Accounts
for the year ended 30 January 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
42,724
-
Trade creditors
22,545
35,879
Taxes and social security
8,037
16,307
Other creditors
35,000
68,656
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
120 Ordinary shares of £0.0083 each
0.99
0.99
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).