Northwind Leisure (Carlisle) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC470331 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Northwind Leisure (Carlisle) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ian J McDermott

Barry McDermott

REGISTERED OFFICE:

Soccerworld

20 Croftcroighn Road

Ruchazie

Glasgow

G33 3SE

REGISTERED NUMBER:

SC470331 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

500,448

543,090

CURRENT ASSETS

Debtors

5

8,028

8,136

Cash at bank and in hand

93,537

91,375

101,565

99,511

CREDITORS

Amounts falling due within one year

6

57,917

37,670

NET CURRENT ASSETS

43,648

61,841

TOTAL ASSETS LESS CURRENT LIABILITIES

544,096

604,931

CREDITORS

Amounts falling due after more than one year

7

513,898

559,123

NET ASSETS

30,198

45,808

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

30,098

45,708

SHAREHOLDERS' FUNDS

30,198

45,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2023 and were signed on its behalf by:

Ian J McDermott - Director

1.	STATUTORY INFORMATION

Northwind Leisure (Carlisle) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Integral features

-

7% on cost

Fittings and equipment

-

7% on cost

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2021 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

Heritable

Integral

and

property

features

equipment

Totals

£

£

£

£

COST

At 1 January 2022

and 31 December 2022

150,983

27,297

581,876

760,156

DEPRECIATION

At 1 January 2022

-

9,728

207,338

217,066

Charge for year

-

1,911

40,731

42,642

At 31 December 2022

-

11,639

248,069

259,708

NET BOOK VALUE

At 31 December 2022

150,983

15,658

333,807

500,448

At 31 December 2021

150,983

17,569

374,538

543,090

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,028

1,073

Other debtors

7,000

7,063

8,028

8,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

49,224

27,670

Trade creditors

696

4,162

Taxation and social security

3,949

3,351

Other creditors

4,048

2,487

57,917

37,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

513,898

559,123

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

317,002

448,440

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

563,122

586,793

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100