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Registration number: 11976069

Llangorse Multi Activity Centre Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Llangorse Multi Activity Centre Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Llangorse Multi Activity Centre Ltd

Company Information

Directors

Mrs I A Thomas

Mrs I M H Preece

Mrs R M Thomas

Mr R J M Thomas

Mr M Preece

Registered office

Gilfach Farm
Llangorse
Brecon
Powys
LD3 7UH

Bankers

Barclays Bank
9 The Bulwark
Brecon
Powys
LD3 7AF

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Llangorse Multi Activity Centre Ltd

(Registration number: 11976069)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

125,179

139,454

Current assets

 

Stocks

5,049

5,766

Debtors

5

48,283

46,268

Cash at bank and in hand

 

5,866

445

 

59,198

52,479

Creditors: Amounts falling due within one year

6

(131,484)

(129,993)

Net current liabilities

 

(72,286)

(77,514)

Total assets less current liabilities

 

52,893

61,940

Creditors: Amounts falling due after more than one year

6

(16,667)

(26,667)

Provisions for liabilities

(22,143)

(21,904)

Net assets

 

14,083

13,369

Capital and reserves

 

Called up share capital

100

100

Retained earnings

13,983

13,269

Shareholders' funds

 

14,083

13,369

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

.........................................
Mr R J M Thomas
Director

 

Llangorse Multi Activity Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Gilfach Farm
Llangorse
Brecon
Powys
LD3 7UH

These financial statements were authorised for issue by the Board on 20 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet there are net current liabilities. The directors are committed to drawing their director's loan account balances only when cash flow allows.

Revenue recognition

Turnover represents the income derived from the operation of an indoor and outdoor multi-activity training centre, with associated group accommodation a cafe and a shop. Turnover is recognised when the training has taken place in full, when the accommodation has been provided and when sales have been made in the cafe and shop.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK, which is the country in which the company operates.

 

Llangorse Multi Activity Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and equipment

various rates

Plant and machinery

various rates

Office equipment

20% on cost

Motor vehicles

25% reducing balance

Uniform

50% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are recognised at the transaction price.

 

Llangorse Multi Activity Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2023 - 31).

 

Llangorse Multi Activity Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and equipment
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 October 2023

40,363

124,092

9,492

5,500

Additions

-

5,266

2,186

-

Disposals

(679)

-

-

-

At 30 September 2024

39,684

129,358

11,678

5,500

Depreciation

At 1 October 2023

13,143

21,993

4,097

1,844

Charge for the year

4,047

12,962

2,303

914

Eliminated on disposal

(262)

-

-

-

At 30 September 2024

16,928

34,955

6,400

2,758

Carrying amount

At 30 September 2024

22,756

94,403

5,278

2,742

At 30 September 2023

27,220

102,099

5,395

3,656

Uniform
£

Total
£

Cost or valuation

At 1 October 2023

2,168

181,615

Additions

-

7,452

Disposals

-

(679)

At 30 September 2024

2,168

188,388

Depreciation

At 1 October 2023

1,084

42,161

Charge for the year

1,084

21,310

Eliminated on disposal

-

(262)

At 30 September 2024

2,168

63,209

Carrying amount

At 30 September 2024

-

125,179

At 30 September 2023

1,084

139,454

 

Llangorse Multi Activity Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

30,235

35,303

Amounts owed by related parties

4,864

-

Prepayments

10,533

9,721

Other debtors

2,651

1,244

 

48,283

46,268

 

Llangorse Multi Activity Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

37,364

Trade creditors

 

15,621

11,120

Taxation and social security

 

5,776

4,190

Accruals and deferred income

 

18,727

24,106

Other creditors

 

81,360

53,213

 

131,484

129,993

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

16,667

26,667

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

16,667

26,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Bank overdrafts

-

27,364

10,000

37,364

8

Parent and ultimate parent undertaking

The company's immediate parent is N.P.D Limited, incorporated in England & Wales.