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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
Page
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Group Retreats Limited Company Information for the year ended 30 January 2024
Directors
Sam MARSDEN Martin BRADSHAW George MARSDEN
Secretary
Martin BRADSHAW
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
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Group Retreats Limited Statement of financial position as at 30 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
58,000 
23,000 
Tangible assets
711,722 
524,006 
769,722 
547,006 
Current assets
Debtors
84,944 
146,009 
Cash at bank and in hand
197,785 
154,813 
282,729 
300,822 
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 
Capital and reserves
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
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Group Retreats Limited Notes to the Accounts for the year ended 30 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
15% WDV
Motor vehicles
15% WDV
Fixtures & fittings
10% WDV
Computer equipment
15% WDV
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Group Retreats Limited Notes to the Accounts for the year ended 30 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 31 January 2023
23,000 
Additions
35,000 
At 30 January 2024
58,000 
Amortisation
At 31 January 2023
- 
At 30 January 2024
- 
Net book value
At 30 January 2024
58,000 
At 30 January 2023
23,000 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,082 
55,132 
Trade debtors
11,862 
15,729 
Accrued income and prepayments
- 
15,148 
Other debtors
60,000 
60,000 
84,944 
146,009 
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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 
108,306 
120,842 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,056 
117,504 
Other creditors
95,500 
- 
127,556 
117,504 
9
Share capital
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).
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