Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-2752023-09-01falseYouth Hostel6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08666414 2023-09-01 2024-08-31 08666414 2022-09-01 2023-08-31 08666414 2024-08-31 08666414 2023-08-31 08666414 c:Director2 2023-09-01 2024-08-31 08666414 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 08666414 d:Buildings d:LongLeaseholdAssets 2024-08-31 08666414 d:Buildings d:LongLeaseholdAssets 2023-08-31 08666414 d:PlantMachinery 2023-09-01 2024-08-31 08666414 d:PlantMachinery 2024-08-31 08666414 d:PlantMachinery 2023-08-31 08666414 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08666414 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08666414 d:CurrentFinancialInstruments 2024-08-31 08666414 d:CurrentFinancialInstruments 2023-08-31 08666414 d:Non-currentFinancialInstruments 2024-08-31 08666414 d:Non-currentFinancialInstruments 2023-08-31 08666414 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08666414 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08666414 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08666414 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08666414 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 08666414 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08666414 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 08666414 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 08666414 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 08666414 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 08666414 d:ShareCapital 2024-08-31 08666414 d:ShareCapital 2023-08-31 08666414 d:RetainedEarningsAccumulatedLosses 2024-08-31 08666414 d:RetainedEarningsAccumulatedLosses 2023-08-31 08666414 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 08666414 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 08666414 c:OrdinaryShareClass1 2023-09-01 2024-08-31 08666414 c:OrdinaryShareClass1 2024-08-31 08666414 c:FRS102 2023-09-01 2024-08-31 08666414 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08666414 c:FullAccounts 2023-09-01 2024-08-31 08666414 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08666414 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08666414










SEA SNOWDONIA LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
SEA SNOWDONIA LTD
REGISTERED NUMBER:08666414

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
6,124
6,828

  
6,124
6,828

Current assets
  

Stocks
 6 
9
7

Cash at bank and in hand
 7 
41,609
32,093

  
41,618
32,100

Creditors: amounts falling due within one year
 8 
(16,904)
(16,675)

Net current assets
  
 
 
24,714
 
 
15,425

Total assets less current liabilities
  
30,838
22,253

Creditors: amounts falling due after more than one year
 9 
(9,704)
(11,747)

Provisions for liabilities
  

Deferred tax
 11 
(1,164)
(1,298)

  
 
 
(1,164)
 
 
(1,298)

Net assets
  
19,970
9,208


Capital and reserves
  

Called up share capital 
 12 
6
6

Profit and loss account
  
19,964
9,202

  
19,970
9,208


Page 1

 
SEA SNOWDONIA LTD
REGISTERED NUMBER:08666414
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




David Dimmer
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Sea Snowdonia Ltd, 08666414, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Kings Youth Hostel, Islawrdref, Dolgellau, Gwynedd, LL40 1TB.
The principal activity of the Company for this year continues to be that of a youth hostel.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5%
Straight line
Plant and machinery
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 6).

Page 6

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 September 2023
13,382
2,464
15,846



At 31 August 2024

13,382
2,464
15,846



Depreciation


At 1 September 2023
6,691
2,327
9,018


Charge for the year on owned assets
669
35
704



At 31 August 2024

7,360
2,362
9,722



Net book value



At 31 August 2024
6,022
102
6,124



At 31 August 2023
6,691
137
6,828


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
9
7

9
7



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
41,609
32,093

41,609
32,093


Page 7

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,043
2,043

Payments received on account
9,218
10,025

Corporation tax
2,658
729

Other taxation and social security
-
163

Other creditors
1,983
2,797

Accruals and deferred income
1,002
918

16,904
16,675


The following liabilities were secured:

2024
2023
£
£



Bank loans
2,043
2,043

2,043
2,043

Details of security provided:

The amount of £2,043 (2023: £2,043) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 8

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,704
11,747

9,704
11,747


The following liabilities were secured:

2024
2023
£
£



Bank loans
9,704
11,747

9,704
11,747

Details of security provided:

The amount of £9,704 (2023: £11,747) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 9

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,043
2,043


2,043
2,043

Amounts falling due 1-2 years

Bank loans
2,043
2,043


2,043
2,043

Amounts falling due 2-5 years

Bank loans
6,129
6,129


6,129
6,129

Amounts falling due after more than 5 years

Bank loans
1,532
3,575

1,532
3,575

11,747
13,790


Page 10

 
SEA SNOWDONIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Deferred taxation




2024


£






At beginning of year
(1,298)


Charged to profit or loss
134



At end of year
(1,164)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,164
1,298

1,164
1,298


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



6 Ordinary shares shares of £1.00 each
6
6


 
Page 11