37 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,978 360 15,338 xbrli:pure xbrli:shares iso4217:GBP 12700056 2023-07-01 2024-06-30 12700056 2024-06-30 12700056 2023-06-30 12700056 2022-07-01 2023-06-30 12700056 2023-06-30 12700056 2022-06-30 12700056 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12700056 core:PlantMachinery 2023-07-01 2024-06-30 12700056 core:FurnitureFittings 2023-07-01 2024-06-30 12700056 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12700056 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 12700056 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 12700056 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 12700056 bus:OrdinaryShareClass5 2023-07-01 2024-06-30 12700056 bus:Director1 2023-07-01 2024-06-30 12700056 bus:Director2 2023-07-01 2024-06-30 12700056 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 12700056 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 12700056 core:PlantMachinery 2023-06-30 12700056 core:FurnitureFittings 2023-06-30 12700056 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 12700056 core:LandBuildings core:LongLeaseholdAssets 2024-06-30 12700056 core:PlantMachinery 2024-06-30 12700056 core:FurnitureFittings 2024-06-30 12700056 core:DeferredTaxation 2023-07-01 2024-06-30 12700056 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2024-06-30 12700056 core:WithinOneYear 2024-06-30 12700056 core:WithinOneYear 2023-06-30 12700056 core:ShareCapital 2024-06-30 12700056 core:ShareCapital 2023-06-30 12700056 core:RetainedEarningsAccumulatedLosses 2024-06-30 12700056 core:RetainedEarningsAccumulatedLosses 2023-06-30 12700056 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 12700056 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 12700056 core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 12700056 core:TaxLossesCarry-forwardsDeferredTax 2023-06-30 12700056 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 12700056 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 12700056 core:PlantMachinery 2023-06-30 12700056 core:FurnitureFittings 2023-06-30 12700056 core:DeferredTaxation 2023-06-30 12700056 core:DeferredTaxation 2024-06-30 12700056 bus:SmallEntities 2023-07-01 2024-06-30 12700056 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12700056 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12700056 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12700056 bus:FullAccounts 2023-07-01 2024-06-30 12700056 bus:OrdinaryShareClass1 2024-06-30 12700056 bus:OrdinaryShareClass1 2023-06-30 12700056 bus:OrdinaryShareClass2 2024-06-30 12700056 bus:OrdinaryShareClass2 2023-06-30 12700056 bus:OrdinaryShareClass3 2024-06-30 12700056 bus:OrdinaryShareClass3 2023-06-30 12700056 bus:OrdinaryShareClass4 2024-06-30 12700056 bus:OrdinaryShareClass4 2023-06-30 12700056 bus:OrdinaryShareClass5 2024-06-30 12700056 bus:OrdinaryShareClass5 2023-06-30 12700056 bus:AllOrdinaryShares 2024-06-30 12700056 bus:AllOrdinaryShares 2023-06-30
COMPANY REGISTRATION NUMBER: 12700056
RTT Leisure Ltd
Filleted Unaudited Financial Statements
30 June 2024
RTT Leisure Ltd
Financial Statements
Year ended 30 June 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 7
RTT Leisure Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
802,874
859,605
Current assets
Stocks
14,000
Debtors
7
106,678
1,733
Cash at bank and in hand
33,067
100,990
---------
---------
139,745
116,723
Creditors: amounts falling due within one year
8
( 880,463)
( 909,235)
---------
---------
Net current liabilities
( 740,718)
( 792,512)
---------
---------
Total assets less current liabilities
62,156
67,093
Provisions
9
( 15,338)
( 14,978)
--------
--------
Net assets
46,818
52,115
--------
--------
Capital and reserves
Called up share capital
11
300
300
Profit and loss account
46,518
51,815
--------
--------
Shareholders funds
46,818
52,115
--------
--------
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 30 June 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 .
RTT Leisure Ltd
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 12 March 2025 , and are signed on behalf of the board by:
Mr B J Llewellyn
Mrs C J Llewellyn
Director
Director
Company registration number: 12700056
RTT Leisure Ltd
Notes to the Financial Statements
Year ended 30 June 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 Claremont Pier, Claremont Road, Lowestoft, Suffolk, NR33 0BS, England.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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.
Taxation
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:
Property improvements
-
2% straight line
Long leasehold property
-
over lease term
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
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.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 37 (2023: 51 ).
5. Tax on (loss)/profit
Major components of tax expense
2024
2023
£
£
Deferred tax:
Origination and reversal of timing differences
360
12,668
----
--------
Tax on (loss)/profit
360
12,668
----
--------
6. Tangible assets
Property improvements
Long leasehold property
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jul 2023
116,385
601,018
277,565
38,845
4,646
1,038,459
Additions
6,804
8,282
15,086
Disposals
( 8,390)
( 22,443)
( 30,833)
---------
---------
---------
--------
-------
------------
At 30 Jun 2024
116,385
601,018
275,979
24,684
4,646
1,022,712
---------
---------
---------
--------
-------
------------
Depreciation
At 1 Jul 2023
6,238
25,758
125,705
18,956
2,197
178,854
Charge for the year
2,327
8,586
38,093
4,088
612
53,706
Disposals
( 2,098)
( 10,624)
( 12,722)
---------
---------
---------
--------
-------
------------
At 30 Jun 2024
8,565
34,344
161,700
12,420
2,809
219,838
---------
---------
---------
--------
-------
------------
Carrying amount
At 30 Jun 2024
107,820
566,674
114,279
12,264
1,837
802,874
---------
---------
---------
--------
-------
------------
At 30 Jun 2023
110,147
575,260
151,860
19,889
2,449
859,605
---------
---------
---------
--------
-------
------------
7. Debtors
2024
2023
£
£
Trade debtors
49,263
1,733
Other debtors
57,415
---------
-------
106,678
1,733
---------
-------
Other debtors include an amount of £nil (2023 - £nil) falling due after more than one year.
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
26,090
176,354
Social security and other taxes
43,226
32,865
Other creditors
811,147
700,016
---------
---------
880,463
909,235
---------
---------
9. Provisions
Deferred tax (note 10)
£
At 1 July 2023
14,978
Additions
360
--------
At 30 June 2024
15,338
--------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 9)
15,338
14,978
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
24,392
33,676
Unused tax losses
( 9,054)
( 18,698)
--------
--------
15,338
14,978
--------
--------
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
Ordinary A shares of £ 1 each
25
25
25
25
Ordinary B shares of £ 1 each
25
25
25
25
Ordinary C shares of £ 1 each
50
50
50
50
Ordinary D shares of £ 1 each
50
50
50
50
Ordinary E shares of £1 each
50
50
50
50
----
----
----
----
300
300
300
300
----
----
----
----