Company registration number 03343687 (England and Wales)
DARTMOOR ACTIVE LEISURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DARTMOOR ACTIVE LEISURE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DARTMOOR ACTIVE LEISURE LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,164,691
1,198,875
Current assets
Stocks
10,001
6,809
Debtors
4
428,336
360,885
Cash at bank and in hand
263,316
257,882
701,653
625,576
Creditors: amounts falling due within one year
5
(424,250)
(443,159)
Net current assets
277,403
182,417
Total assets less current liabilities
1,442,094
1,381,292
Creditors: amounts falling due after more than one year
6
(216,516)
(298,604)
Provisions for liabilities
(41,867)
(32,210)
Government grants
(68,915)
(74,876)
Net assets
1,114,796
975,602
Capital and reserves
Called up share capital
60,000
60,000
Share premium account
2,833
2,833
Capital redemption reserve
4,167
4,167
Profit and loss reserves
1,047,796
908,602
Total equity
1,114,796
975,602
DARTMOOR ACTIVE LEISURE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024
30 November 2024
- 2 -
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 July 2025 and are signed on its behalf by:
Mr J Elson
Mr P J Elson
Director
Director
Company registration number 03343687 (England and Wales)
DARTMOOR ACTIVE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information
Dartmoor Active Leisure Limited is a private company limited by shares incorporated in England and Wales. The registered office is Youth Hostel, Klondyke Road, Okehampton, Devon, EX20 1EW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Land 0% - Buildings 2% straight line method
Plant and equipment
25% reducing balance
Computers
25% straight line method
Motor vehicles
25% reducing balance method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
DARTMOOR ACTIVE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.8
Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and loss account as the related expenditure is incurred.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
43
35
DARTMOOR ACTIVE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 December 2023
1,549,375
728,279
2,277,654
Additions
1,265
35,844
37,109
Disposals
(1,750)
(1,750)
At 30 November 2024
1,550,640
762,373
2,313,013
Depreciation and impairment
At 1 December 2023
438,441
640,338
1,078,779
Depreciation charged in the year
29,941
39,602
69,543
At 30 November 2024
468,382
679,940
1,148,322
Carrying amount
At 30 November 2024
1,082,258
82,433
1,164,691
At 30 November 2023
1,110,934
87,941
1,198,875
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,981
29,386
Amounts owed by group undertakings
255,467
295,103
Other debtors
159,888
36,396
428,336
360,885
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
70,682
45,180
Trade creditors
25,786
22,088
Taxation and social security
140,823
76,800
Other creditors
186,959
299,091
424,250
443,159
Bank loans and overdrafts include loans of £70,682 (2023 - £45,180) secured by way of fixed and floating charges over the company assets.
Included within other creditors are balances totalling £9,486 (2023 - £9,491) relating to amounts owed under hire purchase contracts, which are secured against the assets to which they relate.
DARTMOOR ACTIVE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
216,516
289,118
Other creditors
9,486
216,516
298,604
Bank loans and overdrafts include loans of £216,516 (2023 - £289,118) secured by way of fixed and floating charges over the company assets.
Included within other creditors are balances totalling £Nil (2023 - £9,486) relating to amounts owed under hire purchase contracts, which are secured against the assets to which they relate.
7
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
2 Directors
2.25
-
131,603
1,465
133,068
-
131,603
1,465
133,068
Advances to directors were unsecured, interest bearing and repayable on demand.