Registered number
09800826
Red Rock Leisure Limited
Unaudited Filleted Accounts
31 October 2024
Red Rock Leisure Limited
Registered number: 09800826
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 259,399 72,697
Current assets
Debtors 4 154,109 329,984
Cash at bank and in hand 410 14,368
154,519 344,352
Creditors: amounts falling due within one year 5 (223,065) (291,081)
Net current (liabilities)/assets (68,546) 53,271
Total assets less current liabilities 190,853 125,968
Creditors: amounts falling due after more than one year 6 (161,266) (111,663)
Provisions for liabilities (25,304) (12,508)
Net assets 4,283 1,797
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,183 1,697
Shareholders' funds 4,283 1,797
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E Morgan
Director
Approved by the board on 7 May 2025
Red Rock Leisure Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the service.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements Over the term of the lease
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Grants
Grants are accounted for under the accruals model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 6
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 22,085 176,222 36,980 235,287
Additions 168,206 15,551 46,593 230,350
Disposals - - (13,043) (13,043)
At 31 October 2024 190,291 191,773 70,530 452,594
Depreciation
At 1 November 2023 14,046 125,872 22,672 162,590
Charge for the year 13,592 13,180 11,006 37,778
On disposals - - (7,173) (7,173)
At 31 October 2024 27,638 139,052 26,505 193,195
Net book value
At 31 October 2024 162,653 52,721 44,025 259,399
At 31 October 2023 8,039 50,350 14,308 72,697
4 Debtors 2024 2023
£ £
Trade debtors 131,079 139,004
Other debtors 23,030 190,980
154,109 329,984
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,615 21,586
Obligations under finance lease and hire purchase contracts 19,205 -
Trade creditors 2,543 104,936
Taxation and social security costs 11,276 4,097
Other creditors 159,426 160,462
223,065 291,081
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 87,758 111,663
Obligations under finance lease and hire purchase contracts 73,508 -
161,266 111,663
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 351,000 15,000
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest charged at HMRC's official rate, repayable on demand 9,881 10,773 (14,376) 6,278
Director
Interest charged at HMRC's official rate, repayable on demand 8,603 5,502 (11,354) 2,751
18,484 16,275 (25,730) 9,029
9 Related party transactions
Red Rock Outdoor Limited is a related party due to being under common control.

The balance due to Red Rock Outdoor Limited at the reporting date was £195.00 (2023: £0.00).

There was no balance due to the company from Red Rock Outdoor Limited at the reporting date (2023: £0.00).
10 Other information
Red Rock Leisure Limited is a private company limited by shares and incorporated in England. Its registered office is:
Exmouth Wedding Venue and Prattshayes Campsite
Maer Lane
Exmouth
Devon
EX8 5DB
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