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MOUNT COOK ACTIVITY LIMITED
A COMPANY LIMITED BY GUARANTEE

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOUNT COOK ACTIVITY LIMITED
A COMPANY LIMITED BY GUARANTEE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C W Adams
R A J Sibson





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 08906431 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54 108
Tangible assets 5 124,604 154,729
124,658 154,837

CURRENT ASSETS
Stocks 12,145 5,934
Debtors 6 322,623 332,743
Cash at bank and in hand 114,971 106,109
449,739 444,786
CREDITORS
Amounts falling due within one year 7 1,063,948 1,061,100
NET CURRENT LIABILITIES (614,209 ) (616,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES (489,551 ) (461,477 )

CREDITORS
Amounts falling due after more than one
year

8

550,700

703,857
NET LIABILITIES (1,040,251 ) (1,165,334 )

RESERVES
Income and expenditure account (1,040,251 ) (1,165,334 )
(1,040,251 ) (1,165,334 )

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 surplus or deficit 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.

MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





C W Adams - Director


MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Mount Cook Activity Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.


MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

Going concern
A director has confirmed that they will continue to support the company through their loan account, when necessary, as they have done so in the past and they have the financial means to do so. The directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The company therefore continues to adopt the going concern policy in preparing its financial statements.

Prior year adjustment
The comparatives have been adjusted due to a historic error in deferred income. This has resulted in a £51,777 increase to other creditors due within one year and therefore a £51,777 decrease to reserves brought forward.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 37 ) .

MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 540
AMORTISATION
At 1 April 2023 432
Amortisation for year 54
At 31 March 2024 486
NET BOOK VALUE
At 31 March 2024 54
At 31 March 2023 108

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 81,810 404,564 19,620 13,560 519,554
Additions - 6,592 - - 6,592
Disposals - (436 ) - - (436 )
At 31 March 2024 81,810 410,720 19,620 13,560 525,710
DEPRECIATION
At 1 April 2023 46,412 294,865 15,837 7,711 364,825
Charge for year 5,308 28,933 945 1,461 36,647
Eliminated on disposal - (366 ) - - (366 )
At 31 March 2024 51,720 323,432 16,782 9,172 401,106
NET BOOK VALUE
At 31 March 2024 30,090 87,288 2,838 4,388 124,604
At 31 March 2023 35,398 109,699 3,783 5,849 154,729

MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 141,327 255,432
Other debtors 181,296 77,311
322,623 332,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 5,956 5,956
Trade creditors 72,182 39,320
Taxation and social security 93,334 119,849
Other creditors 892,476 895,975
1,063,948 1,061,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 31,271 37,227
Other creditors 519,429 666,630
550,700 703,857

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,446 13,402

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 129,880 129,000
Between one and five years 516,000 516,000
In more than five years 1,580,250 1,709,250
2,226,130 2,354,250

MOUNT COOK ACTIVITY LIMITED (REGISTERED NUMBER: 08906431)
A COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RELATED PARTY DISCLOSURES

At the year end, £779,502 (2023: £809,502) was due to directors of the company. These amounts are repayable in annual instalments with a final repayment date of 1 March 2029. Interest was waived in the current and previous year.

At the year end, £100,593 (2023: £13,949) was due from companies under common control. These amounts are interest-free and repayable on demand.