MOUNT COOK ACTIVITY LIMITED

A COMPANY LIMITED BY GUARANTEE

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C W Adams

R A J Sibson

REGISTERED OFFICE:

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

REGISTERED NUMBER:

08906431 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Intangible assets

4

-

54

Tangible assets

5

105,398

124,604

105,398

124,658

CURRENT ASSETS

Stocks

12,576

12,145

Debtors

6

351,005

322,623

Cash at bank and in hand

134,179

114,971

497,760

449,739

CREDITORS

Amounts falling due within one year

7

1,226,426

1,063,948

NET CURRENT LIABILITIES

(728,666

)

(614,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(623,268

)

(489,551

)

CREDITORS

Amounts falling due after more than one year

8

401,885

550,700

NET LIABILITIES

(1,025,153

)

(1,040,251

)

RESERVES

Income and expenditure account

(1,025,153

)

(1,040,251

)

(1,025,153

)

(1,040,251

)

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 surplus or deficit 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 14 December 2025 and were signed on its behalf by:

C W Adams - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Turnover from activities and accommodation is recognised upon completion of the activity or stay at the outdoor centre. Deposits are deferred until this point.

Other turnover is recognised upon transfer of risks and rewards of ownership to the customer.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Leasehold improvements

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 surplus or deficit 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.

Going concern

A director has confirmed that they will continue to support the company through their loan account, when necessary, as they have done so in the past and they have the financial means to do so. The directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The company therefore continues to adopt the going concern policy in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

and 31 March 2025

540

AMORTISATION

At 1 April 2024

486

Amortisation for year

54

At 31 March 2025

540

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

54

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

81,810

410,720

19,620

13,560

525,710

Additions

-

10,952

-

-

10,952

At 31 March 2025

81,810

421,672

19,620

13,560

536,662

DEPRECIATION

At 1 April 2024

51,720

323,432

16,782

9,172

401,106

Charge for year

4,516

23,833

710

1,099

30,158

At 31 March 2025

56,236

347,265

17,492

10,271

431,264

NET BOOK VALUE

At 31 March 2025

25,574

74,407

2,128

3,289

105,398

At 31 March 2024

30,090

87,288

2,838

4,388

124,604

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

216,768

141,327

Other debtors

134,237

181,296

351,005

322,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,956

5,956

Trade creditors

81,557

72,182

Taxation and social security

104,358

93,334

Other creditors

1,034,555

892,476

1,226,426

1,063,948

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,314

31,271

Other creditors

376,571

519,429

401,885

550,700

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,489

7,446

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

129,000

129,880

Between one and five years

516,000

516,000

In more than five years

1,451,250

1,580,250

2,096,250

2,226,130

10.	RELATED PARTY DISCLOSURES

At the year end, £699,502 (2024: £779,502) was due to directors of the company. These amounts are repayable in annual instalments with a final repayment date of 1 March 2029. Interest was waived in the current and previous year.

At the year end, £30,588 (2024: £100,593) was due from companies in which the directors have significant influence. These amounts are interest-free and repayable on demand.

11.	POST BALANCE SHEET EVENTS

Plans are in place to amend the director's loan agreement, resulting in a greater portion of the loan being classified as non-current liabilities rather than current liabilities.