Registration number:
Llangorse Multi Activity Centre Ltd
for the
Year Ended 30 September 2024
Llangorse Multi Activity Centre Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
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 |
|
Bankers |
|
Accountants |
|
Llangorse Multi Activity Centre Ltd
(Registration number: 11976069)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Retained earnings |
|
|
|
Shareholders' funds |
|
|
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Llangorse Multi Activity Centre Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Llangorse Multi Activity Centre Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Tangible assets |
Fixtures and equipment |
Plant and machinery |
Office equipment |
Motor vehicles |
|||
Cost or valuation |
||||||
At 1 October 2023 |
|
|
|
|
||
Additions |
- |
|
|
- |
||
Disposals |
( |
- |
- |
- |
||
At 30 September 2024 |
|
|
|
|
||
Depreciation |
||||||
At 1 October 2023 |
|
|
|
|
||
Charge for the year |
|
|
|
|
||
Eliminated on disposal |
( |
- |
- |
- |
||
At 30 September 2024 |
|
|
|
|
||
Carrying amount |
||||||
At 30 September 2024 |
|
|
|
|
||
At 30 September 2023 |
|
|
|
|
Uniform |
Total |
|||||
Cost or valuation |
||||||
At 1 October 2023 |
|
|
||||
Additions |
- |
|
||||
Disposals |
- |
( |
||||
At 30 September 2024 |
|
|
||||
Depreciation |
||||||
At 1 October 2023 |
|
|
||||
Charge for the year |
|
|
||||
Eliminated on disposal |
- |
( |
||||
At 30 September 2024 |
|
|
||||
Carrying amount |
||||||
At 30 September 2024 |
- |
|
||||
At 30 September 2023 |
|
|
Llangorse Multi Activity Centre Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Debtors |
Current |
2024 |
2023 |
Trade debtors |
|
|
Amounts owed by related parties |
|
- |
Prepayments |
|
|
Other debtors |
|
|
|
|
Llangorse Multi Activity Centre Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
|
Due after one year |
|||
Loans and borrowings |
|
|
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
|
Bank borrowings |
|
|
Current loans and borrowings
2024 |
2023 |
|
Bank borrowings |
|
|
Bank overdrafts |
- |
|
|
|
Parent and ultimate parent undertaking |
The company's immediate parent is