Snowdonia Retreats Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12842260

SNOWDONIA RETREATS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2025

SNOWDONIA RETREATS LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	367,107	373,967

Current assets

Debtors	5	268,406	2,165
Cash at bank and in hand		15,931	10,455
		---------	--------
		284,337	12,620

Creditors: amounts falling due within one year	6	373,895	382,107
		---------	---------
Net current liabilities		89,558	369,487
		---------	---------
Total assets less current liabilities		277,549	4,480

Creditors: amounts falling due after more than one year	7	268,406	–

Provisions	6,294	7,019
	---------	-------
Net assets/(liabilities)	2,849	( 2,539)
	---------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	2,847	( 2,541)
	-------	-------
Shareholders funds/(deficit)	2,849	( 2,539)
	-------	-------

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 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SNOWDONIA RETREATS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 12 May 2026 , and are signed on behalf of the board by:

Dr M C Patel

Director

Company registration number: 12842260

SNOWDONIA RETREATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 92-94 High Street, Porthmadog, Gwynedd, LL49 9NW.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 September 2024	327,410	2,634	85,006	415,050
Additions	–	147	–	147
	---------	-------	--------	---------
At 31 August 2025	327,410	2,781	85,006	415,197
	---------	-------	--------	---------
Depreciation
At 1 September 2024	–	1,094	39,989	41,083
Charge for the year	–	254	6,753	7,007
	---------	-------	--------	---------
At 31 August 2025	–	1,348	46,742	48,090
	---------	-------	--------	---------
Carrying amount
At 31 August 2025	327,410	1,433	38,264	367,107
	---------	-------	--------	---------
At 31 August 2024	327,410	1,540	45,017	373,967
	---------	-------	--------	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	1,133
Other debtors	268,406	1,032
	---------	-------
	268,406	2,165
	---------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,898	957
Other creditors 2 - desc in a/cs	360,000	380,000
Other creditors	11,997	1,150
	---------	---------
	373,895	382,107
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	268,406	–
	---------	----

8. Directors' advances, credits and guarantees

There were no advances or credits granted by the company to its directors, nor were any guarantees entered into on behalf of the directors, during the year (2024: nil).

9. Related party transactions

The company received a loan of £170,000 from M Patel Medical Services Ltd and a loan of £190,000 from Daves Medical Services Ltd companies in which Mr M Panel has a controlling interest. The balance due as at 31 August 2025 was £360,000 and is included in other creditors. These loans are interest free and repayable on demand.