Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity31falsetruefalse 14314780 2023-04-01 2024-03-31 14314780 2022-04-01 2023-03-31 14314780 2024-03-31 14314780 2023-03-31 14314780 c:Director1 2023-04-01 2024-03-31 14314780 d:Buildings 2023-04-01 2024-03-31 14314780 d:Buildings 2024-03-31 14314780 d:Buildings 2023-03-31 14314780 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14314780 d:PlantMachinery 2023-04-01 2024-03-31 14314780 d:PlantMachinery 2024-03-31 14314780 d:PlantMachinery 2023-03-31 14314780 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14314780 d:FurnitureFittings 2023-04-01 2024-03-31 14314780 d:FurnitureFittings 2024-03-31 14314780 d:FurnitureFittings 2023-03-31 14314780 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14314780 d:OfficeEquipment 2023-04-01 2024-03-31 14314780 d:OfficeEquipment 2024-03-31 14314780 d:OfficeEquipment 2023-03-31 14314780 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14314780 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14314780 d:CurrentFinancialInstruments 2024-03-31 14314780 d:CurrentFinancialInstruments 2023-03-31 14314780 d:Non-currentFinancialInstruments 2024-03-31 14314780 d:Non-currentFinancialInstruments 2023-03-31 14314780 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14314780 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14314780 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14314780 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14314780 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 14314780 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 14314780 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 14314780 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 14314780 d:ShareCapital 2024-03-31 14314780 d:ShareCapital 2023-03-31 14314780 d:SharePremium 2024-03-31 14314780 d:SharePremium 2023-03-31 14314780 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 14314780 d:RetainedEarningsAccumulatedLosses 2024-03-31 14314780 d:RetainedEarningsAccumulatedLosses 2023-03-31 14314780 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 14314780 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 14314780 c:OrdinaryShareClass1 2023-04-01 2024-03-31 14314780 c:OrdinaryShareClass1 2024-03-31 14314780 c:OrdinaryShareClass1 2023-03-31 14314780 c:FRS102 2023-04-01 2024-03-31 14314780 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14314780 c:FullAccounts 2023-04-01 2024-03-31 14314780 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14314780 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14314780










BRYNACRES LEISURE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BRYNACRES LEISURE LIMITED
REGISTERED NUMBER: 14314780

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
5,906,755
-

  
5,906,755
-

Current assets
  

Stocks
  
11,000
-

Debtors: amounts falling due within one year
 6 
408,377
1

Cash at bank and in hand
 7 
599,129
-

  
1,018,506
1

Creditors: amounts falling due within one year
 8 
(684,202)
-

Net current assets
  
 
 
334,304
 
 
1

Total assets less current liabilities
  
6,241,059
1

Creditors: amounts falling due after more than one year
 9 
(1,725,292)
-

Provisions for liabilities
  

Deferred tax
 11 
(15,229)
-

  
 
 
(15,229)
 
 
-

Net assets
  
4,500,538
1


Capital and reserves
  

Called up share capital 
 12 
2
1

Share premium account
 13 
4,446,217
-

Profit and loss account
 13 
54,319
-

  
4,500,538
1

Page 1

 
BRYNACRES LEISURE LIMITED
REGISTERED NUMBER: 14314780
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 statement of comprehensive income 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 27 December 2024.




S M Roberts
Director

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Brynacres Leisure Limited, 14314780, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Vaenol Caravan Park Office, Vaenol Caravan Park, Derlwyn, Tywyn, Gwynedd, LL36 9HL.
The company began trading on the 27 August 2023.
The principal activity of the company is caravan sales and caravan park management.

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

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
15%
Fixtures and fittings
-
15%
Office equipment
-
20%

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.

The Companies Act 2006 requires tangible fixed assets to be depreciated. Freehold property is not depreciated. The director considers that the property is maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged to profit and loss.

 
2.8

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 weighted average 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.

 
2.9

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.

 
2.10

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.

Page 5

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 1).

Page 6

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


Additions
5,845,840
54,196
7,765
2,343
5,910,144



At 31 March 2024

5,845,840
54,196
7,765
2,343
5,910,144



Depreciation


Charge for the year on owned assets
-
2,511
679
199
3,389



At 31 March 2024

-
2,511
679
199
3,389



Net book value



At 31 March 2024
5,845,840
51,685
7,086
2,144
5,906,755



At 31 March 2023
-
-
-
-
-


6.


Debtors

2024
2023
£
£


Trade debtors
145,505
-

Other debtors
258,495
1

Prepayments and accrued income
4,377
-

408,377
1



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
599,129
-

599,129
-


Page 7

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
90,247
-

Trade creditors
54,643
-

Other taxation and social security
64,681
-

Other creditors
114,078
-

Accruals and deferred income
360,553
-

684,202
-


The following liabilities were secured:

2024
2023
£
£



Bank loans
90,247
-

90,247
-

Details of security provided:

The loans are secured against the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,725,292
-

1,725,292
-


The following liabilities were secured:

2024
2023
£
£



Bank loans
1,725,292
-

1,725,292
-

Details of security provided:

The loans are secured against the assets of the company.

Page 8

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
90,247
-


90,247
-

Amounts falling due 1-2 years

Bank loans
80,034
-


80,034
-

Amounts falling due 2-5 years

Bank loans
1,645,258
-


1,645,258
-


1,815,539
-


Page 9

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Deferred taxation




2024


£






Charged to profit or loss
5,470


Arising on business restructure
9,759



At end of year
15,229

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
15,229
-

15,229
-

Page 10

 
BRYNACRES LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 1) Ordinary A shares of £1.00 each
2
1


During the year 1 Ordinary A share was issued for consideration of £4,446,217.


13.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.


14.


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 £751. Contributions totaling £117 were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11