Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Leanne Amy Phipps 04/02/2024 Robert John William Phipps 04/02/2024 19 March 2025 The Principal activity of the company during the year was that of an adventure golf park. 15465405 2024-12-31 15465405 bus:Director1 2024-12-31 15465405 bus:Director2 2024-12-31 15465405 core:CurrentFinancialInstruments 2024-12-31 15465405 core:ShareCapital 2024-12-31 15465405 core:RetainedEarningsAccumulatedLosses 2024-12-31 15465405 core:PlantMachinery 2023-12-31 15465405 2023-12-31 15465405 core:PlantMachinery 2024-12-31 15465405 bus:OrdinaryShareClass1 2024-12-31 15465405 2024-01-01 2024-12-31 15465405 bus:FilletedAccounts 2024-01-01 2024-12-31 15465405 bus:SmallEntities 2024-01-01 2024-12-31 15465405 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 15465405 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15465405 bus:Director1 2024-01-01 2024-12-31 15465405 bus:Director2 2024-01-01 2024-12-31 15465405 core:PlantMachinery 2024-01-01 2024-12-31 15465405 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15465405 (England and Wales)

TEIGNMOUTH LEISURE LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TEIGNMOUTH LEISURE LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TEIGNMOUTH LEISURE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
TEIGNMOUTH LEISURE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024
£
Fixed assets
Tangible assets 3 1,080
1,080
Current assets
Debtors 4 12,915
Cash at bank and in hand 76,553
89,468
Creditors: amounts falling due within one year 5 ( 47,786)
Net current assets 41,682
Total assets less current liabilities 42,762
Provision for liabilities 6 ( 270)
Net assets 42,492
Capital and reserves
Called-up share capital 7 100
Profit and loss account 42,392
Total shareholder's funds 42,492

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Teignmouth Leisure Ltd (registered number: 15465405) were approved and authorised for issue by the Board of Directors on 19 March 2025. They were signed on its behalf by:

Robert John William Phipps
Director
TEIGNMOUTH LEISURE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TEIGNMOUTH LEISURE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Teignmouth Leisure Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fairway Pottery Road, Bovey Tracey, Newton Abbot, TQ13 9DS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

This is the first financial accounting period and therefore the reporting period length is an 11 month period from 1 February 2024 to 31 December 2024.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the year, including directors 14

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 January 2024 0 0
Additions 1,134 1,134
At 31 December 2024 1,134 1,134
Accumulated depreciation
At 01 January 2024 0 0
Charge for the financial year 54 54
At 31 December 2024 54 54
Net book value
At 31 December 2024 1,080 1,080

4. Debtors

2024
£
Amounts owed by Group undertakings 100
Other debtors 12,815
12,915

5. Creditors: amounts falling due within one year

2024
£
Trade creditors 5,279
Amounts owed to directors 7,667
Accruals 3,200
Taxation and social security 31,640
47,786

6. Deferred tax

2024
£
At the beginning of financial year 0
Charged to the Statement of Income and Retained Earnings ( 270)
At the end of financial year ( 270)

7. Called-up share capital

2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On incorporation, 100 ordinary shares were allotted with an aggregate nominal value of £100

8. Related party transactions

Transactions with the entity's directors

2024
£
Amounts owed to Directors 7,667

The accounts are interest free and there are no set repayment terms.

9. Ultimate controlling party

Parent Company:

RJWP Holdings Ltd
Fairway Pottery Road
Bovey Tracey
Newton Abbot
TQ13 9DS
United Kingdom