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REGISTERED NUMBER: 08295897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ABBEY CLIMBING CENTRE LIMITED

THE ABBEY CLIMBING CENTRE LIMITED (REGISTERED NUMBER: 08295897)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

THE ABBEY CLIMBING CENTRE LIMITED (REGISTERED NUMBER: 08295897)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | - |  | 450,000 |  |

CURRENT ASSETS

Cash at bank | 14,075 |  | 32,187 |  |

CREDITORS

Amounts falling due within one year | 5 | 11,270 |  | 219,764 |  |

NET CURRENT ASSETS/(LIABILITIES) | 2,805 |  | (187,577 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,805 |  | 262,423 |  |

PROVISIONS FOR LIABILITIES | - |  | 51,429 |  |

NET ASSETS | 2,805 |  | 210,994 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Fair value reserve | 7 | - |  | 178,078 |  |

Retained earnings | 2,804 |  | 32,915 |  |

2,805 |  | 210,994 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE ABBEY CLIMBING CENTRE LIMITED (REGISTERED NUMBER: 08295897)

BALANCE SHEET - continued

31 DECEMBER 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:

P Robins - Director

THE ABBEY CLIMBING CENTRE LIMITED (REGISTERED NUMBER: 08295897)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| The Abbey Climbing Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 08295897

| Registered office: | Glaslyn

| Ffordd Y Parc

| Parc Menai

| Bangor

| Gwynedd

| LL57 4FE

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

THE ABBEY CLIMBING CENTRE LIMITED (REGISTERED NUMBER: 08295897)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 450,000 |  |

| Disposals | (450,000 | ) |

| At 31 December 2024 | - |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | 450,000 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Taxation and social security | 455 |  | 2,760 |  |

| Other creditors | 10,815 |  | 217,004 |  |

11,270 |  | 219,764 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Director's current account | 1,804 |  | 202,496 |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 January 2024 | 178,078 |  |

| Changes in fair value | (178,078 | ) |

| At 31 December 2024 | - |  |