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REGISTERED NUMBER: 05948240 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Newcastle Climbing Centre Limited

Newcastle Climbing Centre Limited (Registered number: 05948240)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newcastle Climbing Centre Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Jones
P R Myers





SECRETARY: P R Myers





REGISTERED OFFICE: Units 19-20
Stanelaw Way
Tanfield Lea Industrial Estate
Stanley
County Durham
DH9 9XB





REGISTERED NUMBER: 05948240 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Newcastle Climbing Centre Limited (Registered number: 05948240)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 340,894 351,954

CURRENT ASSETS
Stocks 9,000 8,085
Debtors 5 2,813 2,750
Cash at bank and in hand 33,655 11,177
45,468 22,012
CREDITORS
Amounts falling due within one year 6 193,360 181,827
NET CURRENT LIABILITIES (147,892 ) (159,815 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,002

192,139

CREDITORS
Amounts falling due after more than one
year

7

(53,559

)

(79,242

)

PROVISIONS FOR LIABILITIES 9 (15,527 ) (15,800 )
NET ASSETS 123,916 97,097

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 123,914 97,095
SHAREHOLDERS' FUNDS 123,916 97,097

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

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

Newcastle Climbing Centre Limited (Registered number: 05948240)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





P R Myers - Director


Newcastle Climbing Centre Limited (Registered number: 05948240)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Newcastle Climbing Centre Limited 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover is recognised at the point of sale of the good or service.

Government grants
Revenue based grants have been credited to the profit and loss account in the period to which they relate.

Capital based grants are accounted for using the accruals model and have been transferred to a deferred credit and released to the profit and loss account over the useful life of the asset, as disclosed above.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changed recognised in profit and loss

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Newcastle Climbing Centre Limited (Registered number: 05948240)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 465,254 339 18,288 13,775 497,656
Additions - - - 190 190
At 30 June 2024 465,254 339 18,288 13,965 497,846
DEPRECIATION
At 1 July 2023 120,985 111 12,161 12,445 145,702
Charge for year 9,305 34 1,359 552 11,250
At 30 June 2024 130,290 145 13,520 12,997 156,952
NET BOOK VALUE
At 30 June 2024 334,964 194 4,768 968 340,894
At 30 June 2023 344,269 228 6,127 1,330 351,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 298 420
Other debtors 1,769 742
Prepayments and accrued income 746 1,588
2,813 2,750

Newcastle Climbing Centre Limited (Registered number: 05948240)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,088 25,640
Trade creditors 4,128 3,653
Taxation and social security 29,437 11,817
Other creditors 126,032 133,740
Directors' current accounts 2,320 2,320
Accruals and deferred income 4,355 4,657
193,360 181,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 25,740 26,127
Bank loans - 2-5 years 27,819 53,115
53,559 79,242

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 60,892 74,950

The long-term loans are secured by fixed charges over:
1) Freehold first legal charge over St Marks Church, Shields Road, Byker, Newcastle upon Tyne and its associated assets.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,527 15,800

Deferred
tax
£   
Balance at 1 July 2023 15,800
Accelerated capital allowances (273 )
Balance at 30 June 2024 15,527

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Newcastle Climbing Centre Limited (Registered number: 05948240)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

There are no related party transactions not concluded at market rate except for the following:

2024 2023
£    £   

Amounts due to directors 2,320 2,320


No interest was charged.