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REGISTERED NUMBER: 04102992 (England and Wales)















Hinton Skydiving Centre Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Hinton Skydiving Centre Limited (Registered number: 04102992)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Hinton Skydiving Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R G Wood
M R Browne





SECRETARY: R G Wood





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 04102992 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hinton Skydiving Centre Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hinton Skydiving Centre Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hinton Skydiving Centre Limited, as a body, in accordance with the terms of our engagement letter dated 20 December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Hinton Skydiving Centre Limited and state those matters that we have agreed to state to the Board of Directors of Hinton Skydiving Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hinton Skydiving Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hinton Skydiving Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hinton Skydiving Centre Limited. You consider that Hinton Skydiving Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hinton Skydiving Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


Date: .............................................

Hinton Skydiving Centre Limited (Registered number: 04102992)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 843,700 508,647
843,700 508,647

CURRENT ASSETS
Debtors 6 19,518 16,271
Cash at bank and in hand 53,757 202,747
73,275 219,018
CREDITORS
Amounts falling due within one year 7 325,228 381,100
NET CURRENT LIABILITIES (251,953 ) (162,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,747

346,565

CREDITORS
Amounts falling due after more than one
year

8

(321,750

)

(125,848

)

PROVISIONS FOR LIABILITIES (32,274 ) (27,027 )
NET ASSETS 237,723 193,690

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 237,721 193,688
SHAREHOLDERS' FUNDS 237,723 193,690

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.

Hinton Skydiving Centre Limited (Registered number: 04102992)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2024 and were signed on its behalf by:





R G Wood - Director


Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hinton Skydiving Centre 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Property - 10% on reducing balance
Improvements to property - 15% on reducing balance and 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Aircraft - 10% on cost

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.

Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
Property property machinery
£    £    £   
COST
At 1 April 2023 538,970 335,618 216,140
Additions - - 1,295
At 31 March 2024 538,970 335,618 217,435
DEPRECIATION
At 1 April 2023 261,465 174,904 180,680
Charge for year 27,750 24,107 7,351
At 31 March 2024 289,215 199,011 188,031
NET BOOK VALUE
At 31 March 2024 249,755 136,607 29,404
At 31 March 2023 277,505 160,714 35,460

Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Aircraft Totals
£    £    £    £   
COST
At 1 April 2023 146,691 31,098 1,056,985 2,325,502
Additions - - 443,815 445,110
At 31 March 2024 146,691 31,098 1,500,800 2,770,612
DEPRECIATION
At 1 April 2023 122,138 22,864 1,054,804 1,816,855
Charge for year 3,683 2,058 45,108 110,057
At 31 March 2024 125,821 24,922 1,099,912 1,926,912
NET BOOK VALUE
At 31 March 2024 20,870 6,176 400,888 843,700
At 31 March 2023 24,553 8,234 2,181 508,647

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,375 -
Other debtors 2,780 750
VAT - 4,333
Prepayments and accrued income 9,363 11,188
19,518 16,271

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 94,626 8,761
Wages & salaries control 6,272 -
Trade creditors 14,366 25,477
Corporation tax - 29,575
VAT 2,493 -
Other creditors 172,533 312,454
Directors' current accounts 30,138 33
Accruals and deferred income 4,800 4,800
325,228 381,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 321,750 125,848

Hinton Skydiving Centre Limited (Registered number: 04102992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 321,750 125,848

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Browne and R Wood.