Le Ski Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02044063 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Le Ski Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr N H Morgan

Ms E A Morgan

Mr A Bedworth

Mr I J Hope

SECRETARY:

Ms E A Morgan

REGISTERED OFFICE:

Stirling House

139 Netheroyd Hill Road

Fixby

Huddersfield

West Yorkshire

HD2 2LX

REGISTERED NUMBER:

02044063 (England and Wales)

ACCOUNTANTS:

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Le Ski Limited for the year ended 31 May 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Le Ski Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Le Ski Limited and state those matters that we have agreed to state to the Board of Directors of Le Ski Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Le Ski Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Le Ski Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Le Ski Limited. You consider that Le Ski Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Le Ski Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

23 September 2025

FIXED ASSETS

Intangible assets

4

21,346

30,207

Tangible assets

5

2,358,747

2,338,419

2,380,093

2,368,626

CURRENT ASSETS

Stocks

99,000

99,436

Debtors

6

231,206

121,033

Cash at bank and in hand

1,495,104

832,442

1,825,310

1,052,911

CREDITORS

Amounts falling due within one year

7

918,928

489,597

NET CURRENT ASSETS

906,382

563,314

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,286,475

2,931,940

PROVISIONS FOR LIABILITIES

499,201

494,119

NET ASSETS

2,787,274

2,437,821

CAPITAL AND RESERVES

Called up share capital

30,100

Revaluation reserve

9

1,387,388

Retained earnings

1,369,786

1,020,333

2,787,274

2,437,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr N H Morgan - Director

Ms E A Morgan - Director

1.	STATUTORY INFORMATION

Le Ski Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2024

and 31 May 2025

44,303

AMORTISATION

At 1 June 2024

14,096

Charge for year

8,861

At 31 May 2025

22,957

NET BOOK VALUE

At 31 May 2025

21,346

At 31 May 2024

30,207

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST OR VALUATION

At 1 June 2024

2,211,794

457,281

100,054

2,769,129

Additions

-

47,981

2,604

50,585

At 31 May 2025

2,211,794

505,262

102,658

2,819,714

DEPRECIATION

At 1 June 2024

-

347,645

83,065

430,710

Charge for year

-

26,608

3,649

30,257

At 31 May 2025

-

374,253

86,714

460,967

NET BOOK VALUE

At 31 May 2025

2,211,794

131,009

15,944

2,358,747

At 31 May 2024

2,211,794

109,636

16,989

2,338,419

Cost or valuation at 31 May 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

Valuation in 2006

310,014

-

310,014

Valuation in 2008

150,000

-

150,000

Valuation in 2009

21,000

-

21,000

Valuation in 2012

223,000

-

223,000

Valuation in 2013

31,700

-

31,700

Valuation in 2014

(8,976

)

-

(8,976

)

Valuation in 2015

(22,572

)

-

(22,572

)

Valuation in 2017

119,622

-

119,622

Valuation in 2022

59,956

-

59,956

Valuation in 2024

934,980

-

934,980

Cost

393,070

505,262

102,658

1,000,990

2,211,794

505,262

102,658

2,819,714

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Other debtors

231,206

121,033

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Payments on account

454,094

334,461

Trade creditors

236,010

114,787

Taxation and social security

121,131

1,586

Other creditors

107,693

38,763

918,928

489,597

8.	LEASING AGREEMENTS

At 31st May 2025 the company was committed to paying chalet lease payments of £1,870,713 for the coming season (31st May 2024: £1,845,879).

9.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 May 2025

1,387,388

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

Mr N H Morgan

Balance outstanding at start of year

(1,499

)

(66

)

Amounts advanced

35,000

-

Amounts repaid

(1,212

)

(1,433

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

32,289

(1,499

)

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Le Ski Limited paid chalet rentals amounting to £326,366 (2024 £319,635) during the year to Mountain Projects Limited, a company under common control.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N H Morgan.