Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true372023-01-01falseOperation of sports facilities34trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10360820 2023-01-01 2023-12-31 10360820 2022-01-01 2022-12-31 10360820 2023-12-31 10360820 2022-12-31 10360820 c:Director1 2023-01-01 2023-12-31 10360820 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 10360820 d:Buildings d:ShortLeaseholdAssets 2023-12-31 10360820 d:Buildings d:ShortLeaseholdAssets 2022-12-31 10360820 d:LandBuildings 2023-12-31 10360820 d:LandBuildings 2022-12-31 10360820 d:PlantMachinery 2023-01-01 2023-12-31 10360820 d:PlantMachinery 2023-12-31 10360820 d:PlantMachinery 2022-12-31 10360820 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10360820 d:FurnitureFittings 2023-01-01 2023-12-31 10360820 d:OfficeEquipment 2023-01-01 2023-12-31 10360820 d:ComputerEquipment 2023-01-01 2023-12-31 10360820 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 10360820 d:OtherPropertyPlantEquipment 2023-12-31 10360820 d:OtherPropertyPlantEquipment 2022-12-31 10360820 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10360820 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10360820 d:CurrentFinancialInstruments 2023-12-31 10360820 d:CurrentFinancialInstruments 2022-12-31 10360820 d:Non-currentFinancialInstruments 2023-12-31 10360820 d:Non-currentFinancialInstruments 2022-12-31 10360820 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10360820 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10360820 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10360820 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10360820 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 10360820 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 10360820 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 10360820 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10360820 d:ShareCapital 2023-12-31 10360820 d:ShareCapital 2022-12-31 10360820 d:SharePremium 2023-12-31 10360820 d:SharePremium 2022-12-31 10360820 d:RetainedEarningsAccumulatedLosses 2023-12-31 10360820 d:RetainedEarningsAccumulatedLosses 2022-12-31 10360820 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 10360820 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 10360820 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2023-12-31 10360820 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2022-12-31 10360820 c:FRS102 2023-01-01 2023-12-31 10360820 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10360820 c:FullAccounts 2023-01-01 2023-12-31 10360820 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10360820 2 2023-01-01 2023-12-31 10360820 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number:  10360820














BOULDER HUT LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023


 
BOULDER HUT LIMITED
REGISTERED NUMBER: 10360820

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
166,713
213,875

  
166,713
213,875

Current assets
  

Stocks
  
2,615
2,535

Debtors: amounts falling due after more than one year
 5 
25,000
25,000

Debtors: amounts falling due within one year
 5 
98,655
88,507

Cash at bank and in hand
 6 
160,394
43,667

  
286,664
159,709

Creditors: amounts falling due within one year
 7 
(240,590)
(208,935)

Net current assets/(liabilities)
  
 
 
46,074
 
 
(49,226)

Total assets less current liabilities
  
212,787
164,649

Creditors: amounts falling due after more than one year
 8 
(63,780)
(79,182)

  

Net assets
  
149,007
85,467

Page 1

 
BOULDER HUT LIMITED
REGISTERED NUMBER: 10360820
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
144,725
144,725

Share premium account
  
619,117
619,117

Profit and loss account
  
(614,835)
(678,375)

  
149,007
85,467


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




S M Oxford
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no.10360820). The address of the registered office is Unit 1, Olympic Park, Poole Hall Industrial Estate, Ellesmere Port CH66 1ST.
These financial statements present information about the company as an individual undertaking; it is a member of a small group of companies. The principal activity of the company is the operation of sports facilities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Plant and machinery
-
33%
Fixtures and fittings
-
20%
Office equipment
-
33%
Computer equipment
-
33%
Climbing wall
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 34 (2022 - 37).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Climbing wall and sports equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
209,004
56,135
385,655
650,794


Additions
-
-
17,638
17,638



At 31 December 2023

209,004
56,135
403,293
668,432



Depreciation


At 1 January 2023
185,193
54,553
197,173
436,919


Charge for the period on owned assets
23,359
1,320
40,121
64,800



At 31 December 2023

208,552
55,873
237,294
501,719



Net book value



At 31 December 2023
452
262
165,999
166,713



At 31 December 2022
23,811
1,582
188,482
213,875




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Short leasehold
453
23,812

453
23,812


Page 6

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
25,000
25,000

25,000
25,000


2023
2022
£
£

Due within one year

Trade debtors
21,052
29,051

Amounts owed by group undertakings
63,060
48,869

Other debtors
-
42

Prepayments and accrued income
14,543
10,545

98,655
88,507



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
160,394
43,667

160,394
43,667


Page 7

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,573
11,584

Other loans
44,666
43,996

Trade creditors
90,154
85,742

Other taxation and social security
40,605
39,693

Other creditors
14,862
10,741

Accruals and deferred income
40,730
17,179

240,590
208,935


The following liabilities were secured:

2023
2022
£
£



Other loans
16,601
15,405

16,601
15,405

Details of security provided:

Other loans of £16,601 (2022 - £15,405) are secured by a fixed or floating charge over the assets of the company.

Page 8

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
37,731
36,532

Other loans
26,049
42,650

63,780
79,182


The following liabilities were secured:

2023
2022
£
£



Other loans
26,050
42,651

26,050
42,651

Details of security provided:

Other loans of £26,050 (2022 - £42,651) are secured by a fixed or floating charge over the assets of the company.

Page 9

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,573
11,584

Other loans
44,666
43,996


54,239
55,580

Amounts falling due 1-2 years

Bank loans
9,818
9,846

Other loans
17,889
16,601


27,707
26,447

Amounts falling due 2-5 years

Bank loans
27,913
26,686

Other loans
8,161
26,050


36,074
52,736


118,020
134,763



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
269,476
146,628


Financial liabilities


Other financial liabilities measured at fair value through profit or loss
263,765
248,423


Financial assets measured at fair value through profit or loss comprise trade, group and other debtors and cash at bank.


Other financial liabilities measured at fair value through profit or loss comprise bank and other loans and trade and other creditors, and accruals.

Page 10

 
BOULDER HUT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,416 (2022 - £6,190). Contributions totalling £1,630 (2022 - £1,113) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The company is a wholly owned subsidiary of Climbing Hut Holdings Limited (Company number 13065999). Its registered office is Unit 1 Olympic Park, Poole Hall Industrial Estate, Ellesmere Port, United Kingdom, CH66 1ST. 

 
Page 11