REGISTERED NUMBER: 06561054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RETREATS GROUP LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I K Griffiths

Ms S W Pang

SECRETARY:

Mr I K Griffiths

REGISTERED OFFICE:

Twr Y Felin

Caerfai

St Davids

Pembrokeshire

SA62 6QT

REGISTERED NUMBER:

06561054 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Property, plant and equipment

3

295,440

261,841

CURRENT ASSETS

Inventory

98,949

100,410

Debtors

4

169,342

147,952

Cash at bank and in hand

175,042

173,348

443,333

421,710

CREDITORS

Amounts falling due within one year

5

433,860

404,898

NET CURRENT ASSETS

9,473

16,812

TOTAL ASSETS LESS CURRENT LIABILITIES

304,913

278,653

CREDITORS

Amounts falling due after more than one year

6

12,557,095

10,783,418

NET LIABILITIES

(12,252,182

)

(10,504,765

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(12,252,183

)

(10,504,766

)

SHAREHOLDERS' FUNDS

(12,252,182

)

(10,504,765

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mr I K Griffiths - Director

1.	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.

The director has vowed to support the company for the foreseeable future. As a result these accounts have been prepared on a going concern basis.

The presentation currency is £ sterling.

Turnover

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

Property, plant and equipment

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

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Inventory

Inventory 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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Income recognition

The company's turnover represents the sale of goods and services. The company receives payment from customers in advance and recognises a liability equal to the amount received. When the company obtains the right to consideration, the liability is reduced by the appropriate amount and reported as revenue.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2024 - 70 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

173,319

14,908

274,261

Additions

3,000

-

26,511

Disposals

-

-

-

At 31 March 2025

176,319

14,908

300,772

DEPRECIATION

At 1 April 2024

23,900

2,379

234,675

Charge for year

2,166

298

22,757

Eliminated on disposal

-

-

-

At 31 March 2025

26,066

2,677

257,432

NET BOOK VALUE

At 31 March 2025

150,253

12,231

43,340

At 31 March 2024

149,419

12,529

39,586

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

260,307

83,395

76,578

882,768

Additions

65,370

-

4,297

99,178

Disposals

-

(13,500

)

-

(13,500

)

At 31 March 2025

325,677

69,895

80,875

968,446

DEPRECIATION

At 1 April 2024

231,502

56,948

71,523

620,927

Charge for year

27,343

6,161

5,052

63,777

Eliminated on disposal

-

(11,698

)

-

(11,698

)

At 31 March 2025

258,845

51,411

76,575

673,006

NET BOOK VALUE

At 31 March 2025

66,832

18,484

4,300

295,440

At 31 March 2024

28,805

26,447

5,055

261,841

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

280

Other debtors

169,342

147,672

169,342

147,952

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

165,633

174,572

Taxation and social security

65,188

71,039

Other creditors

203,039

159,287

433,860

404,898

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

12,557,095

10,783,418

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr I K Griffiths

Balance outstanding at start of year

(10,034,893

)

(8,645,246

)

Amounts advanced

17,937

40,121

Amounts repaid

(1,752,486

)

(1,429,768

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,769,442

)

(10,034,893

)