for the Period Ended 31 October 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2022
Principal activities of the company
Additional information
Fair review of the businessDuring the year the company established a wholly owned subsidiary that in turn has control of and a 50% shareholding in the property development company. Neither the subsidiaries or the joint venture made a material profit or loss in the year to 31 October 2022.The group’s profit for the year after tax and before Gift Aid was £741,029 and the company’s trading profit for the year after tax and before Gift Aid was £1,018,966 (2021: £1,004,887). At 31 October 2022 the net equity available to members of the group was £254,911 and the net assets of the company were £1,160,680.The key financial highlights of the company are as follows: Future DevelopmentsPost pandemic there continues to be a steady increase in visitor numbers as well as hospitality and conference bookings. Further investment in improving the food and beverage facilities on site is expected to significantly grow turnover over the coming years.Principal risks and uncertainties The company has made a number of loans and investments that result in it being exposed to any significant movement in the property market.
Directors
The directors shown below have held office during the whole of the period from
1 November 2021 to 31 October 2022
The director shown below has held office during the period of
27 June 2022 to 31 October 2022
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | |
Tax: | ( | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Investments: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 5 | | |
Debtors: | 6 | | |
Cash at bank and in hand: | | | |
Investments: | 7 | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 8 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 9 | ( | ( |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Other reserves: | | ||
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2022
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 October 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2021 | | | | |||
Additions | | | | |||
Disposals | ( | ( | ||||
Revaluations | ||||||
Transfers | | | ||||
At 31 October 2022 | | | | |||
Depreciation | ||||||
At 1 November 2021 | | | | |||
Charge for year | | | | |||
On disposals | ( | ( | ||||
Other adjustments | | | ||||
At 31 October 2022 | | | | |||
Net book value | ||||||
At 31 October 2022 | | | | |||
At 31 October 2021 | | | |
for the Period Ended 31 October 2022
As at 31 October 2022 the Company had advanced loans, including accrued interest of £905,731, totalling £5,642,203 (2021: £6,064,237) to Anstey’s Cove Development LLP, an LLP in which it is entitled to 50% of the profit arising. The joint venture’s principal activity is property development. In the period to 31 October 2022 there was no material profit or loss in the joint venture (2021: not material) and the balance due to the company represents its share of the underlying net assets at cost.
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | | |
for the Period Ended 31 October 2022
Group Group Company Company 2022 2021 2022 2021Equities 1 Amount due from Subsidiary 6,169,710 Amount due from Joint Venture 5,642,203 6,064,237 Other loans 730,772 1,764,381 730,772 1,764,381 Total 730,772 1,764,381 12,542,686 7,828,618
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |