Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31true2023-11-0121falseCaravan park40trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13233584 2023-11-01 2024-10-31 13233584 2022-11-01 2023-10-31 13233584 2024-10-31 13233584 2023-10-31 13233584 c:Director1 2023-11-01 2024-10-31 13233584 d:Buildings 2023-11-01 2024-10-31 13233584 d:Buildings 2024-10-31 13233584 d:Buildings 2023-10-31 13233584 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:PlantMachinery 2023-11-01 2024-10-31 13233584 d:PlantMachinery 2024-10-31 13233584 d:PlantMachinery 2023-10-31 13233584 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:MotorVehicles 2023-11-01 2024-10-31 13233584 d:MotorVehicles 2024-10-31 13233584 d:MotorVehicles 2023-10-31 13233584 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:FurnitureFittings 2023-11-01 2024-10-31 13233584 d:FurnitureFittings 2024-10-31 13233584 d:FurnitureFittings 2023-10-31 13233584 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:OfficeEquipment 2023-11-01 2024-10-31 13233584 d:OfficeEquipment 2024-10-31 13233584 d:OfficeEquipment 2023-10-31 13233584 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 13233584 d:OtherPropertyPlantEquipment 2024-10-31 13233584 d:OtherPropertyPlantEquipment 2023-10-31 13233584 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13233584 d:PatentsTrademarksLicencesConcessionsSimilar 2023-11-01 2024-10-31 13233584 d:PatentsTrademarksLicencesConcessionsSimilar 2024-10-31 13233584 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 13233584 d:CurrentFinancialInstruments 2024-10-31 13233584 d:CurrentFinancialInstruments 2023-10-31 13233584 d:Non-currentFinancialInstruments 2024-10-31 13233584 d:Non-currentFinancialInstruments 2023-10-31 13233584 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 13233584 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13233584 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 13233584 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 13233584 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 13233584 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 13233584 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 13233584 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 13233584 d:ShareCapital 2024-10-31 13233584 d:ShareCapital 2023-10-31 13233584 d:RetainedEarningsAccumulatedLosses 2024-10-31 13233584 d:RetainedEarningsAccumulatedLosses 2023-10-31 13233584 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 13233584 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 13233584 d:TaxLossesCarry-forwardsDeferredTax 2024-10-31 13233584 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 13233584 d:RetirementBenefitObligationsDeferredTax 2024-10-31 13233584 d:RetirementBenefitObligationsDeferredTax 2023-10-31 13233584 c:OrdinaryShareClass1 2023-11-01 2024-10-31 13233584 c:OrdinaryShareClass1 2024-10-31 13233584 c:OrdinaryShareClass1 2023-10-31 13233584 c:FRS102 2023-11-01 2024-10-31 13233584 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13233584 c:FullAccounts 2023-11-01 2024-10-31 13233584 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13233584 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 13233584 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-11-01 2024-10-31 13233584 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13233584










TW & PA LEISURE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
TW & PA LEISURE LTD
REGISTERED NUMBER: 13233584

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
4,825
5,472

Tangible assets
 6 
7,387,928
6,805,726

  
7,392,753
6,811,198

Current assets
  

Stocks
  
13,530
9,633

Debtors: amounts falling due within one year
 7 
371,522
278,786

Cash at bank and in hand
 8 
30,933
92,054

  
415,985
380,473

Creditors: amounts falling due within one year
 9 
(7,304,738)
(6,431,421)

Net current liabilities
  
 
 
(6,888,753)
 
 
(6,050,948)

Total assets less current liabilities
  
504,000
760,250

Creditors: amounts falling due after more than one year
 10 
(972,184)
(1,038,511)

  

Net liabilities
  
(468,184)
(278,261)


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
(468,284)
(278,361)

  
(468,184)
(278,261)


Page 1

 
TW & PA LEISURE LTD
REGISTERED NUMBER: 13233584
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 24 July 2025.




Patricia Bebb
Director

The notes on pages 3 to 15 form part of these financial statements.

Page 2

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

TW & PA Leisure Ltd, 13233584, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at The Bungalow, Mid Wales Golf Centre, Moat Lane, Caersws, Powys, SY17 5SB.  
The Company's principal activity is managing a leisure resort.

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

Going concern

The accounts have been prepared on the going concern basis and requires the continued support of the directors and other creditors.

Page 3

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 4

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
5
years

Page 5

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

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, on a reducing balance basis and straight line basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
15%
Reducing balance and 15 years straight line
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Swimming pool
-
4%
straight line

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.



 
2.10

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 first in, first out 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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.

Page 6

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements 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 40 (2023 - 21).

Page 7

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Intangible assets




Website

£



Cost


At 1 November 2023
5,780


Additions
555



At 31 October 2024

6,335



Amortisation


At 1 November 2023
308


Charge for the year on owned assets
1,202



At 31 October 2024

1,510



Net book value



At 31 October 2024
4,825



At 31 October 2023
5,472



Page 8

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 November 2023
3,517,329
3,289,107
20,743
69,669
17,953


Additions
63,722
881,312
5,247
1,492
-


Disposals
-
(23,500)
-
-
-



At 31 October 2024

3,581,051
4,146,919
25,990
71,161
17,953



Depreciation


At 1 November 2023
94,656
218,962
4,444
21,235
4,383


Charge for the year on owned assets
58,774
260,366
4,796
12,295
3,393


Disposals
-
(3,525)
-
-
-



At 31 October 2024

153,430
475,803
9,240
33,530
7,776



Net book value



At 31 October 2024
3,427,621
3,671,116
16,750
37,631
10,177



At 31 October 2023
3,422,672
3,070,145
16,299
48,433
13,570
Page 9

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           6.Tangible fixed assets (continued)


Swimming pool
Total

£
£



Cost or valuation


At 1 November 2023
249,358
7,164,159


Additions
-
951,773


Disposals
-
(23,500)



At 31 October 2024

249,358
8,092,432



Depreciation


At 1 November 2023
14,751
358,431


Charge for the year on owned assets
9,974
349,598


Disposals
-
(3,525)



At 31 October 2024

24,725
704,504



Net book value



At 31 October 2024
224,633
7,387,928



At 31 October 2023
234,607
6,805,726


7.


Debtors

2024
2023
£
£


Trade debtors
1,095
2,640

Other debtors
-
300

Prepayments and accrued income
41,316
27,967

Deferred taxation
329,111
247,879

371,522
278,786


Page 10

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,933
92,054

30,933
92,054



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
515,569
546,274

Trade creditors
45,414
62,200

Other taxation and social security
46,475
63,710

Other creditors
6,621,020
5,696,425

Accruals and deferred income
76,260
62,812

7,304,738
6,431,421


The following liabilities were secured:

2024
2023
£
£



Bank loans
515,569
546,274

515,569
546,274

Details of security provided:

Bank loans are secured upon the assets which they relate to.

Page 11

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
972,184
1,038,511

972,184
1,038,511


The following liabilities were secured:

2024
2023
£
£



Bank loans
972,184
1,038,511

972,184
1,038,511

Details of security provided:

Bank loans are secured upon the assets which they relate to.

Page 12

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
515,569
546,274


515,569
546,274

Amounts falling due 1-2 years

Bank loans
515,569
546,274


515,569
546,274

Amounts falling due 2-5 years

Bank loans
456,615
492,237


456,615
492,237


1,487,753
1,584,785


Page 13

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


Deferred taxation




2024


£






At beginning of year
247,879


Charged to profit or loss
81,232



At end of year
329,111

The deferred tax asset is made up as follows:

2024
2023
£
£


Losses and other deductions
1,290,732
1,093,313

Accelerated capital allowances
(961,621)
(845,562)

Short term timing differences
-
128

329,111
247,879


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,679 (2023: £2,858). Contributions totalling £nil (2023: £1,367) were payable to the fund at the balance sheet date and are included in creditors.

Page 14

 
TW & PA LEISURE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

15.


Related party transactions

Included within other creditors is an amount of £5,373,753 (2023: £4,639,006) due to Mid Wales Leisure Limited, the directors of the Company are the same as TW & PA Leisure Ltd. No interest has been charged and no repayments have been made during the year.
Included within other creditors is an amount of £700,000 (2023: £700,000) due to Melrose Bros Limited, the directors of the Company are related to the directors of TW & PA Leisure Ltd. No interest has been charged and no repayments have been made during the year.

 
Page 15