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Registered number: 04617696
Llanberis Leisure Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04617696
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,541 9,650
Investments 6 44,238 36,215
51,779 45,865
CURRENT ASSETS
Debtors 7 664 39
Cash at bank and in hand 100,042 112,170
100,706 112,209
Creditors: Amounts Falling Due Within One Year 8 (8,935 ) (15,304 )
NET CURRENT ASSETS (LIABILITIES) 91,771 96,905
TOTAL ASSETS LESS CURRENT LIABILITIES 143,550 142,770
NET ASSETS 143,550 142,770
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 143,549 142,769
SHAREHOLDERS' FUNDS 143,550 142,770
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Bartlett
Director
24 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Llanberis Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04617696 . The registered office is Gwynedd Hotel, Caernarfon, Gwynedd, LL55 4SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 16,500
As at 31 December 2024 16,500
Amortisation
As at 1 January 2024 16,500
As at 31 December 2024 16,500
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 8,525 41,528 36,792 86,845
Additions - - 405 405
As at 31 December 2024 8,525 41,528 37,197 87,250
Depreciation
As at 1 January 2024 5,361 37,545 34,289 77,195
Provided during the period 791 996 727 2,514
As at 31 December 2024 6,152 38,541 35,016 79,709
Net Book Value
As at 31 December 2024 2,373 2,987 2,181 7,541
As at 1 January 2024 3,164 3,983 2,503 9,650
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6. Investments
Unlisted
£
Cost
As at 1 January 2024 36,215
Fair value adjustments 8,023
As at 31 December 2024 44,238
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 44,238
As at 1 January 2024 36,215
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 664 39
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 2
Corporation tax 1,476 5,886
Other taxes and social security - 80
VAT 1,357 1,630
Other creditors - 37
Pensions payable 37 -
Tenancy deposit 6,063 6,063
Director's loan account - 1,606
8,935 15,304
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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