Unwind Leisure Limited,Ltd - AccountsLtd - Accounts

UNWIND LEISURE LIMITED - Company Information

2021-03-01 12425519 2022-02-28 12425519 2021-03-01 2022-02-28 12425519 2021-02-28 12425519 2020-01-27 2021-02-28 12425519 uk-core:WithinOneYear 2021-02-28 12425519 uk-core:WithinOneYear 2022-02-28 12425519 uk-core:AfterOneYear 2021-02-28 12425519 uk-core:AfterOneYear 2022-02-28 12425519 uk-core:ShareCapital 2022-02-28 12425519 uk-core:ShareCapital 2021-02-28 12425519 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 12425519 uk-core:RetainedEarningsAccumulatedLosses 2021-02-28 12425519 uk-bus:Director1 2021-03-01 2022-02-28 12425519 uk-bus:Director2 2021-03-01 2022-02-28 12425519 uk-core:NetGoodwill 2021-03-01 2022-02-28 12425519 uk-core:PlantMachinery 2021-03-01 2022-02-28 12425519 uk-core:ComputerEquipment 2021-03-01 2022-02-28 12425519 uk-core:FurnitureFittings 2021-03-01 2022-02-28 12425519 uk-core:Goodwill 2021-02-28 12425519 uk-core:Goodwill 2022-02-28 12425519 uk-core:Goodwill 2021-03-01 2022-02-28 12425519 uk-core:ComputerEquipment 2021-02-28 12425519 uk-core:FurnitureFittings 2021-02-28 12425519 uk-core:PlantMachinery 2021-02-28 12425519 uk-core:Buildings 2021-02-28 12425519 uk-core:Buildings 2021-03-01 2022-02-28 12425519 uk-core:PlantMachinery 2022-02-28 12425519 uk-core:FurnitureFittings 2022-02-28 12425519 uk-core:ComputerEquipment 2022-02-28 12425519 uk-core:Buildings 2022-02-28 12425519 uk-core:AfterOneYear uk-core:Secured 2022-02-28 12425519 uk-core:AfterOneYear uk-core:Secured 2021-02-28 12425519 uk-core:AfterOneYear 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure 12425519 uk-bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 12425519 uk-bus:FRS102 2021-03-01 2022-02-28 12425519 uk-bus:FullAccounts 2021-03-01 2022-02-28 12425519 uk-bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28

Unwind Leisure Limited

Registered Number:12425519

For the year ended 28 February 2022

England and Wales

Unaudited Financial Statements

Registered Number :

12425519

As at 28 February 2022

Unwind Leisure Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Intangible assets

148,750

165,750

Property, plant and equipment

1,880,070

1,874,682

2,028,820

2,040,432

Current assets

Inventories

42,234

60,000

Trade and other receivables

1,835

6,580

124,673

Cash and cash equivalents

237,396

303,976

168,742

Trade and other payables: amounts falling due within one

year

(862,629)

(907,694)

(693,887)

(603,718)

Net current liabilities

Total assets less current liabilities

1,425,102

1,346,545

Trade and other payables: amounts falling due after more

than one year

(1,400,000)

(5,583)

(4,800)

Provisions for liabilities

19,519

Net assets/liabilities

(58,255)

Capital and reserves

Called up share capital

Retained earnings

19,517

(58,257)

19,519

(58,255)

Shareholders' funds

For the year ended 28 February 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the

end of each financial year and of its profit or loss for each financial year in accordance with the requirements

of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006

relating to financial statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

12425519

For the year ended 28 February 2022

Unwind Leisure Limited

Statement of Financial Position Continued

GS Williams Director

Mrs DJ Williams Director

These financial statements were approved and authorised for issue by the Board on 15 November 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 28 February 2022

Unwind Leisure Limited

Notes to the Financial Statements

Statutory Information

Unwind Leisure Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 12425519.

Principal place of business:

Y Graig

Llanfair Caereinion

Welshpool

SY21 0DB

Registered address:

Suite 22, Stirling House

Centenary Pk, Skylon Central

Hereford

HR2 6FJ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of 10 years.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight line

3.33% Straight line

Computer Equipment

20% Straight line

Furniture and Fittings

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Inventories

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

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For the year ended 28 February 2022

Unwind Leisure Limited

Notes to the Financial Statements Continued

Deferred tax

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

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 March 2021

170,000

At 28 February 2022

170,000

Amortisation

At 01 March 2021

4,250

17,000

Charge for year

At 28 February 2022

21,250

Net book value

At 28 February 2022

148,750

At 28 February 2021

165,750

3. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Plant and

Machinery

Land and

Buildings

Cost or

valuation

At 01 March 2021

1,880,682

30,000

1,850,682

13,300

382

1,051

11,867

Additions

At 28 February 2022

41,867

1,051

382

1,893,982

1,850,682

Provision for depreciation and impairment

At 01 March 2021

6,000

Charge for year

7,912

175

7,737

At 28 February 2022

13,912

175

13,737

At 28 February 2022

Net book value

1,850,682

28,130

876

382

1,880,070

At 28 February 2021

1,850,682

24,000

1,874,682

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For the year ended 28 February 2022

Unwind Leisure Limited

Notes to the Financial Statements Continued

4. Inventories

2021

2022

Stocks

60,000

42,234

5. Trade and other receivables

2021

2022

Prepayments and accrued income

4,591

1,835

Taxation and social security

1,989

1,835

6,580

6. Trade and other payables: amounts falling due within one year

2021

2022

Trade creditors

1,617

45,242

Taxation and social security

3,853

3,192

Accruals and deferred income

144,400

118,089

Other creditors

757,824

696,106

907,694

862,629

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

1,400,000

In respect of the secured loan included in trade and other payables falling due after more than one year, Lloyds Bank PLC hold a fixed and floating charge over the freehold land known as Oakwood Valley Lodges, Powys, together with all buildings and fixtures (including trade fixtures), fixed plant and machinery, all present and future book and other debts and all moveable plant machinery, implements and other equipment.

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For the year ended 28 February 2022

Unwind Leisure Limited

Notes to the Financial Statements Continued

8. Related party transactions

During the year the company entered into arm's length transactions relating to costs recharged for

administrative expenditure and stock to/from Orleton Rise Park Limited, a company under common control.

The balance owed to Orleton Rise Park Limited from the company amounted to £696,466 (2021: £695,615)

and can be found within other creditors under Amounts falling due within one year.

During the year the company entered into arm's length transactions relating to costs recharged for

administrative expenditure and stock to/from Trelay Leisure Limited, a company under common control. The

balance owed to Trelay Leisure Park Limited from the company amounted to £61,355 (2021: £Nil) and can be

found within other creditors under Amounts falling due within one year.

9. Average number of persons employed

During the year the average number of employees was 1 (2021 : 1)

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