Yeomans Canyon Travel Limited - Filleted accounts

Registered number

02225073

Yeomans Canyon Travel Limited

Filleted Accounts

31 March 2025

Yeomans Canyon Travel Limited
Registered number:		02225073
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		3,637,470			3,058,800

Current assets
Stocks		23,808			51,499
Debtors	5	872,428			626,143
		896,236			677,642

Creditors: amounts falling due within one year	6	(927,449)			(622,934)

Net current (liabilities)/assets			(31,213)			54,708

Total assets less current liabilities			3,606,257			3,113,508

Creditors: amounts falling due after more than one year	7		(1,188,252)			(728,621)

Provisions for liabilities			(20,080)			-


Net assets			2,397,925			2,384,887

Capital and reserves
Called up share capital			20,000			20,000
Profit and loss account			2,377,925			2,364,887

Shareholders' funds			2,397,925			2,384,887

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Miss F Yeomans
Director
Approved by the board on 29 December 2025

Yeomans Canyon Travel Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2	Government grant income

	Government grant income is recognised when there is reasonable assurance that the business will comply with the attached conditions and that the grant will be receivable. Grant income is recognised as income over the relevant period.



	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			15% on written down value
	Motor vehicles			10% on written down value

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					77		63


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1,917,101		474,731		6,572,933		8,964,765
	Additions	-		237		803,102		803,339
	Disposals	-		-		(889,572)		(889,572)
	At 31 March 2025	1,917,101		474,968		6,486,463		8,878,532

	Depreciation
	At 1 April 2024	-		432,755		5,473,210		5,905,965
	Charge for the year	-		6,332		187,165		193,497
	On disposals	-		-		(858,400)		(858,400)
	At 31 March 2025	-		439,087		4,801,975		5,241,062

	Net book value
	At 31 March 2025	1,917,101		35,881		1,684,488		3,637,470
	At 31 March 2024	1,917,101		41,976		1,099,723		3,058,800


5	Debtors					2025		2024
£							£

	Trade debtors					377,321		222,800
	Deferred tax asset					-		5,020
	Other debtors					495,107		398,323
						872,428		626,143


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					357,721		194,069
	Obligations under finance lease and hire purchase contracts					192,612		119,377
	Trade creditors					166,019		186,167
	Taxation and social security costs					83,465		83,249
	Other creditors					127,632		40,072
						927,449		622,934


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					373,780		431,608
	Obligations under finance lease and hire purchase contracts					814,472		297,013
						1,188,252		728,621


8	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					1,007,084		266,337


	Secured bank loans					412,109		458,337

	The bank loans are secured by a debenture over the assets of the company together with guarantees from Mr N D Yeomans and Lugg Valley Travel Ltd.


9	Related party transactions

	Yeomans Canyon Tours Ltd
	Controlled 75% N D Yeomans
	Coach hire charges by Yeomans Canyon Travel Ltd					154,005		14,725
	Amount due from (to) the related party					88,283		62,278
	Lugg Valley Travel Ltd
	75% Subsidiary
	Coach hire, parts and maintenance charges to Lugg Valley Travel Ltd					34,719		11,115
	Coach hire, parts and maintenance charges from Lugg Valley Travel Ltd					(32,291)		(25,235)
	Rent of garage and offices to Lugg Valley Travel Ltd					20,004		36,004
	Management charge to Lugg Valley Travel Ltd					22,000		22,000
	Cross charge for labour supplied					91,554		155,509
	Amount due from (to) the related party					233,482		124,742
	The Estate of G H Yeomans deceased
	Non controlling party
	None
	Amount due from (to) the related party					(100,000)		(100,000)
	N D Yeomans
	Controlling party
	None


10	Controlling party

	The ultimate controlling party is N D Yeomans who owns 75% of the issued ordinary share capital.


11	Other information

	Yeomans Canyon Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Travel Centre
	Old School Lane
	Hereford
	Herefordshire
	HR1 1EX