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COMPANY REGISTRATION NUMBER: 06355646
Laura James Enterprises Limited
Filleted Unaudited Financial Statements
For the year ended
29 September 2024
Laura James Enterprises Limited
Financial Statements
Year ended 29 September 2024
Contents
Page
Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Laura James Enterprises Limited
Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
Year ended 29 September 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 29 September 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CLAY SHAW THOMAS LTD
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
27 June 2025
Laura James Enterprises Limited
Statement of Financial Position
29 September 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
34,750
Tangible assets
6
5,199,262
4,761,459
------------
------------
5,199,262
4,796,209
Current assets
Stocks
890,136
869,832
Debtors
7
37,527
59,798
Cash at bank and in hand
105,083
21,915
------------
---------
1,032,746
951,545
Creditors: amounts falling due within one year
8
296,988
411,177
------------
---------
Net current assets
735,758
540,368
------------
------------
Total assets less current liabilities
5,935,020
5,336,577
Creditors: amounts falling due after more than one year
9
1,437,712
2,363,026
Provisions
Taxation including deferred tax
43,216
37,252
------------
------------
Net assets
4,454,092
2,936,299
------------
------------
Capital and reserves
Called up share capital
102
102
Profit and loss account
4,453,990
2,936,197
------------
------------
Shareholders funds
4,454,092
2,936,299
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Laura James Enterprises Limited
Statement of Financial Position (continued)
29 September 2024
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr M S Mead
Director
Company registration number: 06355646
Laura James Enterprises Limited
Notes to the Financial Statements
Year ended 29 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. Turnover relates to the principal activity of the company being the running of a holiday and leisure park.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Freehold Property - 2% of cost less residual value. As cost is equal to residual value no depreciation has been charged within the financial statements.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 30 September 2023 and 29 September 2024
347,500
---------
Amortisation
At 30 September 2023
312,750
Charge for the year
34,750
---------
At 29 September 2024
347,500
---------
Carrying amount
At 29 September 2024
---------
At 29 September 2023
34,750
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 30 Sep 2023
4,612,450
157,577
163,012
15,224
24,904
4,973,167
Additions
413,948
31,427
39,446
5,149
489,970
Disposals
( 16,000)
( 16,000)
------------
---------
---------
--------
--------
------------
At 29 Sep 2024
5,026,398
173,004
163,012
54,670
30,053
5,447,137
------------
---------
---------
--------
--------
------------
Depreciation
At 30 Sep 2023
98,092
84,564
15,071
13,981
211,708
Charge for the year
16,223
19,612
8,257
2,731
46,823
Disposals
( 10,656)
( 10,656)
------------
---------
---------
--------
--------
------------
At 29 Sep 2024
103,659
104,176
23,328
16,712
247,875
------------
---------
---------
--------
--------
------------
Carrying amount
At 29 Sep 2024
5,026,398
69,345
58,836
31,342
13,341
5,199,262
------------
---------
---------
--------
--------
------------
At 29 Sep 2023
4,612,450
59,485
78,448
153
10,923
4,761,459
------------
---------
---------
--------
--------
------------
7. Debtors
2024
2023
£
£
Trade debtors
12,340
2,914
Other debtors
25,187
56,884
--------
--------
37,527
59,798
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
48,817
105,155
Social security and other taxes
57,275
118,245
Other creditors
190,896
187,777
---------
---------
296,988
411,177
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
1,349,945
2,274,630
Other creditors
87,767
88,396
------------
------------
1,437,712
2,363,026
------------
------------
10. Related party transactions
Laura James Enterprises Limited is a 100% subsidiary of Shermark Holdings Limited, and as such has taken advantage of the exemption stated in FRS 102 which does not require the disclosure of transactions between group companies if at least 100% of the voting rights are controlled within the group.