1.
General Information
North Wales Eco Lodges Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13230257
. The registered office is Land At 3 Pigeons Inn, Graigfechan, Ruthin, LL15 2EU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
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.
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'.
2.2.
Going Concern Disclosure
The directors have reasonable expectation 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.
2.3.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6.
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.
2.7.
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.
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.
North Wales Eco Lodges Ltd
Notes to the Financial Statements (continued)
For The Year Ended 29 September 2025
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
4.
Investment Property
| 29 September 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 October 2024 |
|
| Additions |
|
| Revaluations | 150,000 |
| As at 29 September 2025 |
|
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
| 29 September 2025 | 30 September 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Cost | 491,819 | 453,079 | |
The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.
5.
Debtors
| 29 September 2025 | 30 September 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 911,380 | 890,021 | |
6.
Creditors: Amounts Falling Due Within One Year
| 29 September 2025 | 30 September 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors | 799,870 | 728,976 | |
| Taxation and social security |
|
|
|
|
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
| 29 September 2025 | 30 September 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
Of the creditors falling due after more than one year the following amounts are due after more than five years.
North Wales Eco Lodges Ltd
Notes to the Financial Statements (continued)
For The Year Ended 29 September 2025
| 29 September 2025 | 30 September 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
8.
Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured by a fixed and floating charge dated 02/05/2025 over all the company's undertaking, property, rights and assets whatsoever and wheresoever both present and future.
| 29 September 2025 | 30 September 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 744,933 | 750,000 |
10.
Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
11.
Post Balance Sheet Events
Following the year end, Mr H Lawrenson resigned from his position as director and disposed of his shareholding in the company. The shares were transferred to Mr C Jones, who is now the sole shareholder and director of the company.
12.
Related Party Transactions
12.
Related Party Transactions - continued
The following related party transactions were undertaken during the period:
The company entered into transactions during the year with companies under common control of the directors and shareholders.
During the year, the company made payments on behalf of and received payments on behalf of related entities in the normal course of business. No guarantees were given or received in respect of these balances.
At the balance sheet date, amounts due from related parties totalled £908,887 (2024: £886,007) and amounts due to related parties totalled £382,004 (2024: £328,029).
The balances are unsecured, interest-free and repayable on demand unless otherwise stated.
The related party balances are with the following entities:
- Abbey Eng LLP
- Abbey Group Industrial Limited
- Abbey Group Defence Limited
- Abbey Group International Limited
- Gradan Homes Limited
A director introduced amounts totalling £520 (2024: £182). At the balance sheet date the amount payable to the director was £138,148 (2024: £137,628).
A director introduced amounts totalling £5,520 (2024: £75,182). At the balance sheet date the amount payable to the director was £181,648 (2024: £176,128).
In a prior year a shareholder made loans to the company. At the balance sheet date the amount owed to the shareholder by the company was £84,000 (2024: £84,000).
...CONTINUED
North Wales Eco Lodges Ltd
Notes to the Financial Statements (continued)
For The Year Ended 29 September 2025
No dividends were paid to the directors in respect of their shareholdings in the current or prior periods.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
13.
Profit and loss reserve
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the
value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account
includes both distributable and non distributable as follows:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Distributable profit and loss reserves
|
(124,653)
|
(61,823)
|
|
|
Non-distributable profit and loss reserves
|
726,506
|
605,006
|
|
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
||
|
Total profit and loss reserves
|
601,853
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
543,183
|