Parachuting Caravan Leasing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10533731 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARACHUTING CARAVAN LEASING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Blamire

D Parker

REGISTERED OFFICE:

Windover House

St. Ann Street

Salisbury

SP1 2DR

REGISTERED NUMBER:

10533731 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

2,902,632

2,667,632

CURRENT ASSETS

Debtors

5

321,199

249,995

Cash at bank

8,043

22,546

329,242

272,541

CREDITORS

Amounts falling due within one year

6

365,080

1,205,648

NET CURRENT LIABILITIES

(35,838

)

(933,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,866,794

1,734,525

CREDITORS

Amounts falling due after more than one
year

7

2,162,637

1,381,373

NET ASSETS

704,157

353,152

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

10

235,000

-

Retained earnings

469,057

353,052

SHAREHOLDERS' FUNDS

704,157

353,152

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 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 30 September 2025 and were signed on its behalf by:

G Blamire - Director

D Parker - Director

1.	STATUTORY INFORMATION

Parachuting Caravan Leasing 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.

The financial statements have been prepared on a going concern basis which is thought to be appropriate because the directors intend to provide additional funds to meet the company's liabilities as they fall due. The financial statements do not contain any adjustments that might be necessary if the additional funds were not available.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets

Depreciation is not provided on aircraft as any depreciation charged would be immaterial to the financial statements. Depreciation would be immaterial due to the high residual value of the assets which are ensured by a programme of repair and refurbishment (the cost of which is charged to the profit and loss account).

The Companies Act 2006 requires all fixed assets to be depreciated, however the directors consider that because of the high residual values any charge would be immaterial and therefore to depreciate them would not give a true and fair view.

An annual impairment review is undertaken for those tangible fixed assets which are not depreciated.

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.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST OR VALUATION

At 1 January 2024

2,667,632

Revaluations

235,000

At 31 December 2024

2,902,632

NET BOOK VALUE

At 31 December 2024

2,902,632

At 31 December 2023

2,667,632

Cost or valuation at 31 December 2024 is represented by:

Plant and

machinery

£

Valuation in 2024

235,000

Cost

2,667,632

2,902,632

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

22,715

36,351

Amounts owed by associates

298,384

207,533

Other debtors

100

Prepayments and accrued income

-

6,011

321,199

249,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

218,861

189,932

Trade creditors

3,768

69,343

Amounts owed to associates

2,392

824,304

VAT

7,397

2,077

Accruals and deferred income

132,662

119,992

365,080

1,205,648

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

216,361

189,932

Bank loans - 2-5 years

636,256

557,296

Bank loans more 5 yr by instal

274,836

336,832

Other loans - 1-2 years

91,313

297,313

Amounts owed to participating interests

943,871

-

2,162,637

1,381,373

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

274,836

336,832

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

1,346,314

1,273,992

The bank loan is secured by way of a legal charge over the company's fixed asset.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

10.

RESERVES

Fair

value

reserve

£

Transfers

235,000

At 31 December 2024

235,000