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Registered number: 08026380

T W Lorains (Leisure) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/03/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

T W Lorains (Leisure) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/03/2024
DIRECTORS
Thomas William Lorains
REGISTERED OFFICE
High Snab Farm
Newlands
Keswick
Cumbria
CA12 5TU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08026380
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

T W Lorains (Leisure) Limited

ACCOUNTS
FOR THEYEARENDED30/03/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

T W Lorains (Leisure) Limited

BALANCE SHEET AT 30/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets44,7352,043
CURRENT ASSETS
Debtors56,4418,293
6,4418,293
CREDITORS: Amounts falling due within one year611,32211,764
NET CURRENT LIABILITIES(4,881)(3,471)
TOTAL ASSETS LESS CURRENT LIABILITIES(146)(1,428)
PROVISIONS FOR LIABILITIES AND CHARGES7899388
NET LIABILITIES(1,045)(1,816)
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account(1,055)(1,826)
SHAREHOLDERS' FUNDS(1,045)(1,816)
For the year ending 30/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/03/2025 and signed on their behalf by
.............................
Thomas William Lorains
Director

T W Lorains (Leisure) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance 5%
Fixtures and Fittingsstraight line 20%
Equipmentreducing balance 25%
1c. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

T W Lorains (Leisure) Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 31/03/20231,0001,000
At 30/03/20241,0001,000
Depreciation
At 31/03/20231,0001,000
At 30/03/20241,0001,000
Net Book Amounts
At 30/03/2024--
4. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentTotal
££££
Cost
At 31/03/20231,73010,2031,56313,496
Additions-3,771-3,771
At 30/03/20241,73013,9741,56317,267
Depreciation
At 31/03/20237959,75590311,453
For the year488671641,079
At 30/03/202484310,6221,06712,532
Net Book Amounts
At 30/03/20248873,3524964,735
At 30/03/20239354486602,043
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors6,3916,391
Directors current account501,902
6,4418,293

T W Lorains (Leisure) Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,9354,935
Bank loans and overdrafts4,8274,909
Accruals1,5601,920
11,32211,764
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation899388
899388
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
9. RELATED PARTY TRANSACTIONS
No remuneration was paid to the director during the year (2023 -£Nil)
Dividends of £1,000 were paid to the director during the year (2023 - £10,000).
At the balance sheet date £50 was owed to the company by the director (2023 - £1,902). The loan is unsecured, interest free and repayable on demand.
10. GOING CONCERN
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that they will continue to give financial support to the company for the twelve months from the date of signing these financial statements.