REGISTERED NUMBER: 12986062 (England and Wales)

Financial Statements

for the Year Ended 31 May 2025

for

Alice Springs Lodge Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Morgan

D W Morgan

N D Morgan

S J Smith

J A Price

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

12986062 (England and Wales)

AUDITORS:

Ellis Lloyd Jones Audit Limited

11 Park Square

Newport

NP20 4EL

FIXED ASSETS

Tangible assets

5

52,557

41,336

CURRENT ASSETS

Stocks

714

698

Debtors

6

53,394

23,259

Cash at bank and in hand

432,828

271,094

486,936

295,051

CREDITORS

Amounts falling due within one year

7

427,180

236,525

NET CURRENT ASSETS

59,756

58,526

TOTAL ASSETS LESS CURRENT LIABILITIES

112,313

99,862

PROVISIONS FOR LIABILITIES

9,986

3,715

NET ASSETS

102,327

96,147

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

102,227

96,047

SHAREHOLDERS' FUNDS

102,327

96,147

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

D W Morgan - Director

J A Price - Director

1.	STATUTORY INFORMATION

Alice Springs Lodge Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 12986062 and the address of its registered office is 21 Gold Tops, Newport, United Kingdom, NP20 4PG. The principal place of business is Alice Springs Lodge, Kemeys Commander, Usk, Mon, NP15 1PP.

These financial statements are the company's financial statements, covering the year to 31 May 2025 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The company is a wholly owned subsidiary of Morgans of Usk Group Limited. It is included in the consolidated financial statements of Morgans of Usk Group Limited which are publicly available.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

2.	STATEMENT OF COMPLIANCE

The financial statements of Alice Springs Lodge Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of the exemption under S33.1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose group transactions as this company is a wholly owned subsidiary and its fellow subsidiaries are too.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.The preparation of the financial statements requires management to make estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, be likely to differ from the related actual results.

Turnover

Turnover represents the sale of holiday let and other letting services and is recognised when the company obtains the right to consideration on the letting date.

Tangible fixed assets

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

Fixtures and fittings - 10% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost include costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Non-derivative financial instruments

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, trade and other creditors and interest free loans.

Debtors and creditors with no stated interest rate are receivable or payable within one year and are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents comprise cash at bank and in hand. For the purpose of the cash flow statement cash and cash equivalents are net of bank overdrafts and advances which are repayable on demand.

Loans and borrowings and concessionary loans are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Loans and borrowings receivable within one year are not discounted.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

43,993

Additions

17,030

At 31 May 2025

61,023

DEPRECIATION

At 1 June 2024

2,657

Charge for year

5,809

At 31 May 2025

8,466

NET BOOK VALUE

At 31 May 2025

52,557

At 31 May 2024

41,336

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

12,276

13,277

Other debtors

41,118

9,982

53,394

23,259

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

33,928

10,607

Amounts owed to group undertakings

287,486

150,416

Taxation and social security

29,965

27,930

Other creditors

75,801

47,572

427,180

236,525

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kara Williams BSc BFP FCA (Senior Statutory Auditor)

for and on behalf of Ellis Lloyd Jones Audit Limited

9.	RELATED PARTY DISCLOSURES

The company operates an asset which is under group ownership. There is no formal lease in place and there is no rent currently charged to the company.

10.

CONTROL

The company's parent undertaking at the balance sheet date was Morgans of Usk Group Limited, a company incorporated in England and Wales. Copies of the group consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.