1 false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 49,693 3,478 xbrli:pure xbrli:shares iso4217:GBP 04730830 2023-05-01 2024-04-30 04730830 2024-04-30 04730830 2022-05-01 2023-04-30 04730830 2023-04-30 04730830 bus:RegisteredOffice 2023-05-01 2024-04-30 04730830 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 04730830 bus:Director1 2023-05-01 2024-04-30 04730830 bus:CompanySecretary1 2023-05-01 2024-04-30 04730830 core:WithinOneYear 2024-04-30 04730830 core:WithinOneYear 2023-04-30 04730830 core:AfterOneYear 2024-04-30 04730830 core:AfterOneYear 2023-04-30 04730830 core:RetainedEarningsAccumulatedLosses 2023-04-30 04730830 core:RetainedEarningsAccumulatedLosses 2022-04-30 04730830 core:RetainedEarningsAccumulatedLosses 2024-04-30 04730830 core:RetainedEarningsAccumulatedLosses 2023-04-30 04730830 core:ShareCapital 2024-04-30 04730830 core:ShareCapital 2023-04-30 04730830 bus:SmallEntities 2023-05-01 2024-04-30 04730830 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04730830 bus:FullAccounts 2023-05-01 2024-04-30 04730830 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04730830 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 04730830
Austasia Leisure UK Limited
Unaudited Financial Statements
For the year ended
30 April 2024
Austasia Leisure UK Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Officers and professional advisers
1
Director's report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
Austasia Leisure UK Limited
Officers and Professional Advisers
Director
Mr. R. Dean
Company secretary
Incorporate Nominees Ltd
Registered office
Building 2
30 Friern Park
North Finchley
London
N12 9DA
Accountants
City Tax Consultants Limited
Accountants and Tax Advisers
Building 2
30 Friern Park
North Finchley
London
N12 9DA
Austasia Leisure UK Limited
Director's Report
Year ended 30 April 2024
The director presents his report and the unaudited financial statements of the company for the year ended 30 April 2024 .
Director
The director who served the company during the year was as follows:
Mr. R. Dean
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 21 January 2025 and signed on behalf of the board by:
Mr. R. Dean
Director
Registered office:
Building 2
30 Friern Park
North Finchley
London
N12 9DA
Austasia Leisure UK Limited
Statement of Income and Retained Earnings
Year ended 30 April 2024
2024
2023
Note
£
£
Turnover
412,003
294,383
Cost of sales
446,902
275,648
---------
---------
Gross (loss)/profit
( 34,899)
18,735
Administrative expenses
11,109
13,977
--------
--------
Operating (loss)/profit
( 46,008)
4,758
Interest payable and similar expenses
5
3,685
409
--------
--------
(Loss)/profit before taxation
( 49,693)
4,349
Tax on (loss)/profit
871
--------
-------
(Loss)/profit for the financial year and total comprehensive income
( 49,693)
3,478
--------
-------
Retained earnings at the start of the year
167,790
164,312
---------
---------
Retained earnings at the end of the year
118,097
167,790
---------
---------
All the activities of the company are from continuing operations.
Austasia Leisure UK Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Stocks
66,106
66,106
Debtors
6
417,307
367,510
Cash at bank and in hand
4,261
912
---------
---------
487,674
434,528
Creditors: amounts falling due within one year
7
384,726
245,904
---------
---------
Net current assets
102,948
188,624
---------
---------
Total assets less current liabilities
102,948
188,624
Creditors: amounts falling due after more than one year
8
( 15,150)
20,833
---------
---------
Net assets
118,098
167,791
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
118,097
167,790
---------
---------
Shareholders funds
118,098
167,791
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 January 2025 , and are signed on behalf of the board by:
Mr. R. Dean
Director
Company registration number: 04730830
Austasia Leisure UK Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Building 2, 30 Friern Park, North Finchley, London, N12 9DA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Interest payable and similar expenses
2024
2023
£
£
Interest on banks loans and overdrafts
3,685
402
Other interest payable and similar charges
7
-------
----
3,685
409
-------
----
6. Debtors
2024
2023
£
£
Trade debtors
197,919
180,502
Other debtors
219,388
187,008
---------
---------
417,307
367,510
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
101,881
89,570
Trade creditors
210,783
109,148
Corporation tax
1,597
Other creditors
72,062
45,589
---------
---------
384,726
245,904
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
( 15,150)
20,833
--------
--------
9. Director's advances, credits and guarantees
Included in other creditors is an amount owed to the Director Mr. R Dean of £69,194 (2023 - £42,720). There are no formal terms.