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BIG ROCK CLIMBING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






BIG ROCK CLIMBING LTD (REGISTERED NUMBER: 07015323)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIG ROCK CLIMBING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: K M Mehrtens
M Axon





REGISTERED OFFICE: 1 Newmarket Court
Milton Keynes
Buckinghamshire
MK10 0AG





REGISTERED NUMBER: 07015323 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

BIG ROCK CLIMBING LTD (REGISTERED NUMBER: 07015323)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 663,027 681,340

CURRENT ASSETS
Stocks 5 48,273 37,271
Debtors 6 29,225 61,086
Prepayments and accrued income 117,855 92,909
Cash at bank and in hand 581,064 304,483
776,417 495,749
CREDITORS
Amounts falling due within one year 7 289,089 244,919
NET CURRENT ASSETS 487,328 250,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,150,355

932,170

CREDITORS
Amounts falling due after more than one
year

8

(26,133

)

(65,333

)

PROVISIONS FOR LIABILITIES 9 (121,228 ) (118,699 )

ACCRUALS AND DEFERRED INCOME (19,337 ) (67,393 )
NET ASSETS 983,657 680,745

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 982,657 679,745
SHAREHOLDERS' FUNDS 983,657 680,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BIG ROCK CLIMBING LTD (REGISTERED NUMBER: 07015323)

BALANCE SHEET - continued
30 SEPTEMBER 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 16 December 2024 and were signed on its behalf by:





M Axon - Director


BIG ROCK CLIMBING LTD (REGISTERED NUMBER: 07015323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Big Rock Climbing Ltd 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.

Turnover represents the value of services provided and is recorded at the value of consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 33% on cost and 15% on reducing balance

The climbing walls have been depreciated over 25 years on a straight line basis from the date of acquisition. Leasehold improvements have been depreciated over 10 years on a straight line basis from the date of acquisition.

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

Cost is determined on a first in first out basis. Net realisable value represents the estimated selling price less costs to complete and sell.

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.

BIG ROCK CLIMBING LTD (REGISTERED NUMBER: 07015323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 35 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Office
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 October 2023 - 1,752,459 91,144 1,843,603
Additions 10,496 33,599 36,717 80,812
Disposals - - (500 ) (500 )
At 30 September 2024 10,496 1,786,058 127,361 1,923,915
DEPRECIATION
At 1 October 2023 - 1,097,234 65,029 1,162,263
Charge for year 612 91,299 7,078 98,989
Eliminated on disposal - - (364 ) (364 )
At 30 September 2024 612 1,188,533 71,743 1,260,888
NET BOOK VALUE
At 30 September 2024 9,884 597,525 55,618 663,027
At 30 September 2023 - 655,225 26,115 681,340

5. STOCKS
2024 2023
£    £   
Stock 48,273 37,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,764 6,002
Rental deposit held 25,709 55,084
Other debtors 1,752 -
29,225 61,086

BIG ROCK CLIMBING LTD (REGISTERED NUMBER: 07015323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,200 39,200
Trade creditors 66,163 65,915
Tax 117,903 71,495
Social security and other taxes 8,685 8,354
VAT 51,600 54,298
Other creditors 2,588 1,654
Gift cards 2,950 4,003
289,089 244,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 26,133 39,200
Bank loans - 2-5 years - 26,133
26,133 65,333

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 121,228 118,699

Deferred
tax
£   
Balance at 1 October 2023 118,699
Provided during year 2,529
Accelerated capital allowances
Balance at 30 September 2024 121,228

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £2,346,965 (2023 - £1,087,293).