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REGISTERED NUMBER: 14346754 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Cardale Escapes Limited

Cardale Escapes Limited (Registered number: 14346754)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cardale Escapes Limited (Registered number: 14346754)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 272,500 287,500
Tangible assets 5 5,827,420 5,275,923
6,099,920 5,563,423

CURRENT ASSETS
Stocks 219,347 108,177
Debtors 6 1,277,162 1,033,069
Cash at bank and in hand 16,960 17,935
1,513,469 1,159,181
CREDITORS
Amounts falling due within one year 7 3,032,450 1,905,972
NET CURRENT LIABILITIES (1,518,981 ) (746,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,580,939

4,816,632

CREDITORS
Amounts falling due after more than one
year

8

5,030,994

5,027,531
NET LIABILITIES (450,055 ) (210,899 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (450,155 ) (210,999 )
(450,055 ) (210,899 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cardale Escapes Limited (Registered number: 14346754)

Balance Sheet - continued
31 August 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 director and authorised for issue on 28 May 2025 and were signed by:





J S Brooksbank - Director


Cardale Escapes Limited (Registered number: 14346754)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Cardale Escapes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14346754

Registered office: Clifton House
Birkby Lane
Bailiff Bridge
Brighouse
HD6 4JJ

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion and the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill is capitalised and written off on a straight line basis over its economic life.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost, net of depreciation.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Plant and machinery- 10% straight line
Freehold property - 15 years straight line
Fixtures and fittings- 25% straight line

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 at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Cardale Escapes Limited (Registered number: 14346754)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors, bank loans and other loans.

Trade debtors, other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans and other loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Cardale Escapes Limited (Registered number: 14346754)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 300,000
AMORTISATION
At 1 September 2023 12,500
Charge for year 15,000
At 31 August 2024 27,500
NET BOOK VALUE
At 31 August 2024 272,500
At 31 August 2023 287,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 5,202,142 79,364 5,281,506
Additions 526,965 44,008 570,973
At 31 August 2024 5,729,107 123,372 5,852,479
DEPRECIATION
At 1 September 2023 - 5,583 5,583
Charge for year 3,329 16,147 19,476
At 31 August 2024 3,329 21,730 25,059
NET BOOK VALUE
At 31 August 2024 5,725,778 101,642 5,827,420
At 31 August 2023 5,202,142 73,781 5,275,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 390,296 5,654
Other debtors 886,866 1,027,415
1,277,162 1,033,069

Cardale Escapes Limited (Registered number: 14346754)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 111,819 123,834
Taxation and social security 26,981 -
Other creditors 2,893,650 1,782,138
3,032,450 1,905,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,032,728 3,030,000
Other creditors 1,998,266 1,997,531
5,030,994 5,027,531

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,032,728 3,030,000
Other loans 1,998,306 1,997,531
5,031,034 5,027,531

Bank loans are secured by a fixed charge dated 20 January 2023 over the freehold property of the company.

Other loans are secured by corporate guarantees granted by related entities which include fixed charges dated 20 January 2023 over freehold property owned by those related entities, and also a personal guarantee and indemnity dated 11 November 2022 granted by the director.

10. CALLED UP SHARE CAPITAL

2024 2023
£ £
Allotted, issued and fully paid 100 100

11. RELATED PARTY DISCLOSURES

At the balance sheet date £2,131,256 (2023 - £1,076,950) was owed to entities under common control or controlled by close family members, of the director and shareholder of Cardale Escapes Limited, and £827,510 (2023 - £833,043) was owed by entities under common control or controlled by close family members, of the director and shareholder of Cardale Escapes Limited.