REGISTERED NUMBER: 08857047 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Arete Outdoor Centre

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

G J Davies

R M Link

REGISTERED OFFICE:

Arete Centre

Llanrug

Caernarfon

LL55 4AP

REGISTERED NUMBER:

08857047 (England and Wales)

ACCOUNTANTS:

Benjamin Morris & Co Ltd

Highfield, Bull Hill

Lt Neston

NESTON

Cheshire

CH64 4DN

FIXED ASSETS

Tangible assets

4

21,567

114,656

CURRENT ASSETS

Stocks

800

1,100

Debtors

5

3,488

4,049

Cash at bank and in hand

786,673

701,438

790,961

706,587

CREDITORS

Amounts falling due within one year

6

50,484

154,622

NET CURRENT ASSETS

740,477

551,965

TOTAL ASSETS LESS CURRENT LIABILITIES

762,044

666,621

RESERVES

Income and expenditure account

762,044

666,621

762,044

666,621

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 28 December 2025 and were signed on its behalf by:

G J Davies - Director

R M Link - Director

1.	STATUTORY INFORMATION

Arete Outdoor Centre 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 20% on cost and 15% 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.

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 30 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

664,222

Additions

7,162

At 31 March 2025

671,384

DEPRECIATION

At 1 April 2024

549,566

Charge for year

100,251

At 31 March 2025

649,817

NET BOOK VALUE

At 31 March 2025

21,567

At 31 March 2024

114,656

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,488

4,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

1,988

1,285

Other creditors

48,496

153,337

50,484

154,622

7.	LIMITED BY GUARANTEE

This is a 'not for profit 'organisation. All surpluses are reinvested in the Centre and its equipment.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arete Outdoor Centre for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arete Outdoor Centre, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arete Outdoor Centre and state those matters that we have agreed to state to the Board of Directors of Arete Outdoor Centre, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arete Outdoor Centre and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arete Outdoor Centre has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arete Outdoor Centre. You consider that Arete Outdoor Centre is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arete Outdoor Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Benjamin Morris & Co Ltd

Highfield, Bull Hill

Lt Neston

NESTON

Cheshire

CH64 4DN

Date: .............................................