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COMPANY REGISTRATION NUMBER: 03965895
Brentwood Park Ski and Snowboard Centre Limited
Filleted Unaudited Financial Statements
31 March 2024
Brentwood Park Ski and Snowboard Centre Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
49,308
46,292
Current assets
Debtors
6
12,611
105
Cash at bank and in hand
122,638
132,343
---------
---------
135,249
132,448
Creditors: amounts falling due within one year
7
99,927
73,604
---------
---------
Net current assets
35,322
58,844
--------
---------
Total assets less current liabilities
84,630
105,136
Provisions
Taxation including deferred tax
9,368
8,795
--------
---------
Net assets
75,262
96,341
--------
---------
Capital and reserves
Called up share capital
9
40
40
Capital redemption reserve
60
60
Profit and loss account
75,162
96,241
--------
--------
Shareholders funds
75,262
96,341
--------
--------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brentwood Park Ski and Snowboard Centre Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
Mr Steven Cis
Ms Sophie Cis
Director
Director
Company registration number: 03965895
Brentwood Park Ski and Snowboard Centre Limited
Notes to the Financial Statements
Year ended 31 March 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 146 New London Road, Chelmsford, Essex, CM2 0AW.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
20% straight line
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 23 (2023: 17 ).
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 April 2023
1,736
136,432
138,168
Additions
16,140
16,140
-------
---------
---------
At 31 March 2024
1,736
152,572
154,308
-------
---------
---------
Depreciation
At 1 April 2023
1,736
90,140
91,876
Charge for the year
13,124
13,124
-------
---------
---------
At 31 March 2024
1,736
103,264
105,000
-------
---------
---------
Carrying amount
At 31 March 2024
49,308
49,308
-------
---------
---------
At 31 March 2023
46,292
46,292
-------
---------
---------
6. Debtors
2024
2023
£
£
Other debtors
12,611
105
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
66,155
4,260
Corporation tax
7,081
Social security and other taxes
31,332
22,413
Director loan accounts
1,850
39,850
Other creditors
590
--------
--------
99,927
73,604
--------
--------
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
9,368
8,795
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
9,368
8,795
-------
-------
9. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
2,000
2,000
2,000
2,000
Ordinary B shares of £ 1 each
2,000
2,000
2,000
2,000
Ordinary C shares of £ 1 each
2,000
2,000
2,000
2,000
Ordinary D shares of £ 1 each
2,000
2,000
2,000
2,000
Ordinary E shares of £1 each
2,000
2,000
2,000
2,000
--------
--------
--------
--------
10,000
10,000
10,000
10,000
--------
--------
--------
--------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary B shares of £ 1 each
10
10
10
10
Ordinary C shares of £ 1 each
20
20
20
20
Ordinary D shares of £ 1 each
10
10
10
10
----
----
----
----
40
40
40
40
----
----
----
----
10. Related party transactions
At the year end the company owed its directors £1,850 (2023 - £39,850) which is shown amongst creditors.