Accounts filed on 28-02-2022


ACCOUNTS
FOR THE YEAR ENDED 28/02/2022





DIRECTORS
C F G Chamberlain
G B E Chamberlain
R J Chamberlain
Ruth L Chamberlain (appointed 04/03/2022)
Tom Chamberlain (appointed 01/06/2022)


REGISTERED OFFICE
6 Brunswick Street
Carlisle
CA11PN


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11194808



ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN


ACCOUNTS
FOR THEYEARENDED28/02/2022



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 28/02/2022

			2022		2021
	Notes		£		£

FIXED ASSETS

CURRENT ASSETS
Stock		1,543,922		893,643
Debtors	5	4,427		29
Cash at bank and in hand		44,470		41,668
		1,592,819		935,340
CREDITORS: Amounts falling due within one year	6	1,586,168		935,114
NET CURRENT ASSETS			6,651		226
TOTAL ASSETS LESS CURRENT LIABILITIES			6,651		226

CAPITAL AND RESERVES

Called up share capital	7		30		30
Profit and loss account			6,621		196
SHAREHOLDERS' FUNDS			6,651		226

For the year ending 28/02/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 22/08/2022 and signed on their behalf by



.............................
C F G Chamberlain
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3. TANGIBLE FIXED ASSETS

Cost

At 28/02/2022




5. DEBTORS	2022	2021
	£	£
Amounts falling due within one year
VAT	4,397	-
Other debtors	30	29
	4,427	29




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
	£	£
UK corporation tax	1,507	46
Loan - Lyon Leisure	-	872,094
Loan - Lyon Group Holdings	1,331,560	-
Trade creditors	252,351	48,886
Accruals	750	14,088
	1,586,168	935,114




7. SHARE CAPITAL	2022	2021
	£	£
Allotted, issued and fully paid:
30 Ordinary shares of £1 each	30	30
	30	30

8. RELATED PARTY TRANSACTIONS

No remuneration or dividends were paid to the directors during the year (2021 - £Nil).