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Registration number: 06257596

Larkhill Tipis Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Larkhill Tipis Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

Larkhill Tipis Limited

Company Information

Directors | Catherine Anne Jones Mr Ivor Antony Wintle

Company secretary | Mrs Frances Teresa Wintle

Registered office | Larkhill Tipis Cwmduad Carmarthen SA33 6AT

Larkhill Tipis Limited

(Registration number: 06257596)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,243 | 4,517
Current assets |  |  |
Stocks | 5 | 580 | 470
Debtors | 6 | 154 | 727
Cash at bank and in hand |  | 1,194 | 3,837
|  | 1,928 | 5,034
Creditors: Amounts falling due within one year | 7 | (13,832) | (12,575)
Net current liabilities |  | (11,904) | (7,541)
Net liabilities |  | (7,661) | (3,024)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | (7,663) | (3,026)
Total equity |  | (7,661) | (3,024)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:

......................................... Mr Ivor Antony Wintle Director |  |

Larkhill Tipis Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Larkhill Tipis
Cwmduad
Carmarthen
SA33 6AT

These financial statements were authorised for issue by the Board on 26 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a Going Concern basis. If the Going Concern basis was not used, it would be necessary to revalue certain assets and liabilities. The company is reliant on the continued support of the director, but there is no reason to believe that this support will be withdrawn and therefore the Going Concern basis is deemed appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Larkhill Tipis Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

Larkhill Tipis Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 38,610 | 38,610
Additions | 727 | 727
At 31 March 2025 | 39,337 | 39,337
Depreciation
At 1 April 2024 | 34,093 | 34,093
Charge for the year | 1,001 | 1,001
At 31 March 2025 | 35,094 | 35,094
Carrying amount
At 31 March 2025 | 4,243 | 4,243
At 31 March 2024 | 4,517 | 4,517

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 580 | 470

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 154 | 727
| 154 | 727

Larkhill Tipis Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Taxation and social security |  | 583 | 107
Other related parties |  | 8,453 | 8,008
Other creditors |  | 4,796 | 4,460
|  | 13,832 | 12,575

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2