COMPANY REGISTRATION NUMBER:
03889978
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Airstream Leisure Limited |
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Filleted Unaudited Financial Statements |
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Airstream Leisure Limited |
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Year ended 31 December 2024
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Officers and professional advisers |
1 |
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Report to the director on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 |
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Notes to the financial statements |
5 |
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Airstream Leisure Limited |
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Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Airstream Leisure Limited |
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Year ended 31 December 2024
Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Airstream Leisure Limited You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
30 December 2025
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Airstream Leisure Limited |
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Statement of Financial Position |
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31 December 2024
Fixed assets
Current assets
|
Debtors |
6 |
878,256 |
|
1,094,133 |
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Cash at bank and in hand |
71,147 |
|
8,713 |
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--------- |
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------------ |
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949,403 |
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1,102,846 |
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|
|
|
|
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Creditors: amounts falling due within one year |
7 |
63,282 |
|
110,465 |
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--------- |
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------------ |
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Net current assets |
|
886,121 |
992,381 |
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|
--------- |
--------- |
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Total assets less current liabilities |
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886,122 |
992,382 |
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--------- |
--------- |
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Net assets |
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886,122 |
992,382 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
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1 |
1 |
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Capital redemption reserve |
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1 |
1 |
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Profit and loss account |
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886,120 |
992,380 |
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|
--------- |
--------- |
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Shareholders funds |
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886,122 |
992,382 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Airstream Leisure Limited |
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Statement of Financial Position (continued) |
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31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
30 December 2025
, and are signed on behalf of the board by:
Company registration number:
03889978
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Airstream Leisure Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Riverside Caravan Centre, Shirpney Road, Bognor Regis, West Sussex, P022 9NE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has assessed whether there are any material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In assessing whether the going concern assumption is appropriate, the director has taken in to account all available information about the future, and conclude that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Revenue in the current year represents amounts management fee and commission income, stated net of value added tax. Management fee and commission income is recognised by reference to the stage of completion of the service.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2023:
5
).
5.
Investments
|
Shares in group |
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£ |
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Cost |
|
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At 1 January 2024 and 31 December 2024 |
1 |
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---- |
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Impairment |
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At 1 January 2024 and 31 December 2024 |
– |
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---- |
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Carrying amount |
|
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At 31 December 2024 |
1 |
|
---- |
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At 31 December 2023 |
1 |
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---- |
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6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
650 |
– |
|
Amounts owed by group undertakings and undertakings |
784,161 |
831,691 |
|
Other debtors |
93,445 |
262,442 |
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--------- |
------------ |
|
878,256 |
1,094,133 |
|
--------- |
------------ |
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The debtors above include the following amounts falling due after more than one year:
|
2024 |
2023 |
|
£ |
£ |
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Amounts owed by group undertakings and undertakings |
784,161 |
831,691 |
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--------- |
--------- |
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7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
1,185 |
333 |
|
Social security and other taxes |
43,588 |
68,882 |
|
Other creditors |
18,509 |
41,250 |
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-------- |
--------- |
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63,282 |
110,465 |
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-------- |
--------- |
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8.
Directors' advances, credit and guarantees
Included in debtors are amounts owed from the following director:
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|
2024 |
2023 |
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£ |
£ |
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Balance owed by the director at 1 January 2024 |
95,399 |
103,389 |
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Advanced |
82,764 |
80,010 |
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Repaid |
(133,000) |
(88,000) |
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--------- |
--------- |
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Balance owed by the director at 31 December 2024 |
45,163 |
95,399 |
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--------- |
--------- |
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There are no fixed terms of repayment or interest charged on this amount.