Company Registration No. 13213730 (England and Wales)
Climbing Hut Shrewsbury Limited
Unaudited accounts
for the year ended 31 December 2024
Climbing Hut Shrewsbury Limited
Unaudited accounts
Contents
Climbing Hut Shrewsbury Limited
Company Information
for the year ended 31 December 2024
Directors
Samantha Oxford
George Thomson
Oliver Elphick
Company Number
13213730 (England and Wales)
Registered Office
Unit 1 Olympic Park
Poole Hall Road
Ellesmere Port
CH66 1ST
United Kingdom
Climbing Hut Shrewsbury Limited
Statement of financial position
as at 31 December 2024
Tangible assets
293,495
300,615
Cash at bank and in hand
132,054
154,580
Creditors: amounts falling due within one year
(47,951)
(42,497)
Net current assets
208,260
233,808
Total assets less current liabilities
501,755
534,423
Creditors: amounts falling due after more than one year
(550,643)
(555,867)
Net liabilities
(48,888)
(21,444)
Called up share capital
1
1
Profit and loss account
(48,889)
(21,445)
Shareholders' funds
(48,888)
(21,444)
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by
Samantha Oxford
Director
Company Registration No. 13213730
Climbing Hut Shrewsbury Limited
Notes to the Accounts
for the year ended 31 December 2024
Climbing Hut Shrewsbury Limited is a private company, limited by shares, registered in England and Wales, registration number 13213730. The registered office is Unit 1 Olympic Park, Poole Hall Road, Ellesmere Port, CH66 1ST, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The climbing wall is included in plant and machinery at a cost of £310,000. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
between 3 to 15 years
Fixtures & fittings
15 years
The company operates a defined contribution scheme for the benefit of its employees. The company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
Contributions payable are recognised in the profit and loss account when due. Amounts not paid are shown as accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Donations were made during the year to registered charities totalling £1,029 (2023: 0)
Climbing Hut Shrewsbury Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
314,918
48,035
362,953
At 31 December 2024
330,561
48,035
378,596
At 1 January 2024
57,448
4,890
62,338
Charge for the year
20,985
1,778
22,763
At 31 December 2024
78,433
6,668
85,101
At 31 December 2024
252,128
41,367
293,495
At 31 December 2023
257,470
43,145
300,615
Amounts falling due within one year
Amounts due from group undertakings etc.
1,189
1,189
Accrued income and prepayments
13,445
11,632
Other debtors
13,660
14,052
Amounts falling due after more than one year
Other debtors
92,154
92,662
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
672
4,181
Trade creditors
16,841
10,134
Taxes and social security
7,044
6,535
Other creditors
1,586
1,438
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
550,643
555,867
Climbing Hut Shrewsbury Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
72,000
72,000
Later than one year and not later than five years
323,625
314,125
Later than five years
561,875
643,375
9
Transactions with related parties
Related party transactions have occurred during the year with a company under the same control totalling £(5,223) (2023: £13,170). There is a balance owed to that company of £51,934 as at 31 Dec 2024 (2023: £57,157)
There were no related party transactions with the parent company, Climbing Hut Holdings Limited during the year. There is a balance owed to that company of £498,709 as at 31 Dec 2024 (2023: £498,709)
Any balances remaining due at year end are shown as a liability in the balance sheet within note 7: Creditors amounts falling due after more than 1 year.
This company is 100% owned by Climbing Hut Holdings Limited and is therefore considered its controlling party.
11
Average number of employees
During the year the average number of employees was 25 (2023: 23).