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REGISTERED NUMBER: 06561054 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RETREATS GROUP LIMITED

RETREATS GROUP LIMITED (REGISTERED NUMBER: 06561054)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RETREATS GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr I K Griffiths





SECRETARY: Mr I K Griffiths





REGISTERED OFFICE: Twr Y Felin
Caerfai
St Davids
Pembrokeshire
SA62 6QT





REGISTERED NUMBER: 06561054 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

RETREATS GROUP LIMITED (REGISTERED NUMBER: 06561054)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 3 261,841 274,713

CURRENT ASSETS
Inventory 100,410 94,353
Debtors 4 147,952 147,815
Cash at bank and in hand 173,348 149,805
421,710 391,973
CREDITORS
Amounts falling due within one year 5 (404,898 ) (241,903 )
NET CURRENT ASSETS 16,812 150,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,653

424,783

CREDITORS
Amounts falling due after more than one
year

6

(10,783,418

)

(9,375,017

)
NET LIABILITIES (10,504,765 ) (8,950,234 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,504,766 ) (8,950,235 )
SHAREHOLDERS' FUNDS (10,504,765 ) (8,950,234 )

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 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.

RETREATS GROUP LIMITED (REGISTERED NUMBER: 06561054)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 25 November 2024 and were signed by:





Mr I K Griffiths - Director


RETREATS GROUP LIMITED (REGISTERED NUMBER: 06561054)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. 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.

The director has vowed to support the company for the foreseeable future. As a result these accounts have been prepared on a going concern basis.

The presentation currency is £ 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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

RETREATS GROUP LIMITED (REGISTERED NUMBER: 06561054)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Income recognition
The company's turnover represents the sale of goods and services. The company receives payment from customers in advance and recognises a liability equal to the amount received. When the company obtains the right to consideration, the liability is reduced by the appropriate amount and reported as revenue.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2023 - 65 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 173,319 14,908 261,072
Additions - - 13,189
At 31 March 2024 173,319 14,908 274,261
DEPRECIATION
At 1 April 2023 21,794 2,080 216,659
Charge for year 2,106 299 18,016
At 31 March 2024 23,900 2,379 234,675
NET BOOK VALUE
At 31 March 2024 149,419 12,529 39,586
At 31 March 2023 151,525 12,828 44,413

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 247,349 66,495 72,600 835,743
Additions 12,958 16,900 3,978 47,025
At 31 March 2024 260,307 83,395 76,578 882,768
DEPRECIATION
At 1 April 2023 206,113 48,133 66,251 561,030
Charge for year 25,389 8,815 5,272 59,897
At 31 March 2024 231,502 56,948 71,523 620,927
NET BOOK VALUE
At 31 March 2024 28,805 26,447 5,055 261,841
At 31 March 2023 41,236 18,362 6,349 274,713

RETREATS GROUP LIMITED (REGISTERED NUMBER: 06561054)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 280 -
Other debtors 147,672 147,815
147,952 147,815

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 174,572 104,142
Taxation and social security 71,039 36,003
Other creditors 159,287 101,758
404,898 241,903

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 10,783,418 9,375,017

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr I K Griffiths
Balance outstanding at start of year (8,645,246 ) (7,418,445 )
Amounts advanced 40,121 50,909
Amounts repaid (1,429,768 ) (1,277,710 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,034,893 ) (8,645,246 )