Long Valley Yurts Witherslack Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10020898 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LONG VALLEY YURTS WITHERSLACK LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R I Coulter

Mr J Maddy

REGISTERED OFFICE:

Middleshaw Head

Middleshaw

Old Hutton

Kendal

LA8 0LZ

REGISTERED NUMBER:

10020898 (England and Wales)

ACCOUNTANTS:

J F Hornby & Co

Chartered Accountants

The Tower

Daltongate Business Centre

Daltongate

Ulverston

Cumbria

LA12 7AJ

BANKERS:

National Westminster Bank plc

10 Elephants Yard

Kendal

Cumbria

LA9 4LZ

FIXED ASSETS

Tangible assets

4

114,308

116,720

CURRENT ASSETS

Stocks

1,920

3,437

Debtors

386,354

258,659

Cash at bank

16,417

25,248

404,691

287,344

CREDITORS

Amounts falling due within one year

402,891

255,236

NET CURRENT ASSETS

1,800

32,108

TOTAL ASSETS LESS CURRENT
LIABILITIES

116,108

148,828

CREDITORS

Amounts falling due after more than one
year

83,725

108,059

NET ASSETS

32,383

40,769

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

32,283

40,669

SHAREHOLDERS' FUNDS

32,383

40,769

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr R I Coulter - Director

Mr J Maddy - Director

1.	STATUTORY INFORMATION

Long Valley Yurts Witherslack Ltd 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.

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 represents net invoiced sales of goods and services as adjusted for deferred income, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Government grants

Grants received are credited to profit and loss account in the financial period in which they are received.

Stocks

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

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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

202,338

Additions

27,245

Disposals

(4,067

)

At 31 March 2025

225,516

DEPRECIATION

At 1 April 2024

85,618

Charge for year

26,403

Eliminated on disposal

(813

)

At 31 March 2025

111,208

NET BOOK VALUE

At 31 March 2025

114,308

At 31 March 2024

116,720

The net book value of tangible fixed assets includes £53,877 (2024: £67,347) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £13,469 (2024: £16,837) for the financial year.

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

Net obligations repayable:

Within one year

10,801

Between one and five years

56,533

67,335

67,334

78,136

Non-cancellable

operating leases

31.3.25

31.3.24

£

Within one year

2,500

2,450

Between one and five years

10,000

In more than five years

4,792

7,292

17,292

19,742

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

40,657

53,193

Hire purchase contracts

67,334

78,136

107,991

131,329

The bank loans are secured on the assets of the company.

The hire purchase liabilities are secured on the assets to which they relate.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

Mr J Maddy

Balance outstanding at start of year

206

2,503

Amounts advanced

247

206

Amounts repaid

(206

)

(2,503

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

247

206

Mr R I Coulter

Balance outstanding at start of year

-

2,509

Amounts repaid

-

(2,509

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The loans are interest free, unsecured and repayable on demand.

9.	RELATED PARTY DISCLOSURES

Other debtors includes £368,004 (2024: £258,453) and other creditors £238,874 (2024: £120,988) due from/to other companies in which the directors also have control.

During the year the company acquired assets with a market value of £5,693 from connected companies.

Administration costs and accrued expenses include £30,300 (2024: £70,000) management fees charged from other companies in which the directors also have control regarding staffing, management and other costs.