NEWQUAY ACTIVITY CENTRE LTD

NEWQUAY ACTIVITY CENTRE LTD - Company Information

2022-04-012023-03-312023-03-31false07639348NEWQUAY ACTIVITY CENTRE LTD2023-12-2082990iso4217:GBPxbrli:pure076393482022-04-01076393482023-03-31076393482022-04-012023-03-31076393482021-04-01076393482022-03-31076393482021-04-012022-03-3107639348bus:SmallEntities2022-04-012023-03-3107639348bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107639348bus:AbridgedAccounts2022-04-012023-03-3107639348bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107639348core:WithinOneYear2023-03-3107639348core:AfterOneYear2023-03-3107639348core:WithinOneYear2022-03-3107639348core:AfterOneYear2022-03-3107639348core:ShareCapital2023-03-3107639348core:SharePremium2023-03-3107639348core:RevaluationReserve2023-03-3107639348core:OtherReservesSubtotal2023-03-3107639348core:RetainedEarningsAccumulatedLosses2023-03-3107639348core:ShareCapital2022-03-3107639348core:SharePremium2022-03-3107639348core:RevaluationReserve2022-03-3107639348core:OtherReservesSubtotal2022-03-3107639348core:RetainedEarningsAccumulatedLosses2022-03-3107639348core:LandBuildings2023-03-3107639348core:PlantMachinery2023-03-3107639348core:Vehicles2023-03-3107639348core:FurnitureFittings2023-03-3107639348core:OfficeEquipment2023-03-3107639348core:NetGoodwill2023-03-3107639348core:IntangibleAssetsOtherThanGoodwill2023-03-3107639348core:ListedExchangeTraded2023-03-3107639348core:UnlistedNon-exchangeTraded2023-03-3107639348core:LandBuildings2022-03-3107639348core:PlantMachinery2022-03-3107639348core:Vehicles2022-03-3107639348core:FurnitureFittings2022-03-3107639348core:OfficeEquipment2022-03-3107639348core:NetGoodwill2022-03-3107639348core:IntangibleAssetsOtherThanGoodwill2022-03-3107639348core:ListedExchangeTraded2022-03-3107639348core:UnlistedNon-exchangeTraded2022-03-3107639348core:LandBuildings2022-04-012023-03-3107639348core:PlantMachinery2022-04-012023-03-3107639348core:Vehicles2022-04-012023-03-3107639348core:FurnitureFittings2022-04-012023-03-3107639348core:OfficeEquipment2022-04-012023-03-3107639348core:NetGoodwill2022-04-012023-03-3107639348core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107639348core:ListedExchangeTraded2022-04-012023-03-3107639348core:UnlistedNon-exchangeTraded2022-04-012023-03-3107639348core:MoreThanFiveYears2022-04-012023-03-3107639348core:Non-currentFinancialInstruments2023-03-3107639348core:Non-currentFinancialInstruments2022-03-3107639348dpl:CostSales2022-04-012023-03-3107639348dpl:DistributionCosts2022-04-012023-03-3107639348core:LandBuildings2022-04-012023-03-3107639348core:PlantMachinery2022-04-012023-03-3107639348core:Vehicles2022-04-012023-03-3107639348core:FurnitureFittings2022-04-012023-03-3107639348core:OfficeEquipment2022-04-012023-03-3107639348dpl:AdministrativeExpenses2022-04-012023-03-3107639348core:NetGoodwill2022-04-012023-03-3107639348core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107639348dpl:GroupUndertakings2022-04-012023-03-3107639348dpl:ParticipatingInterests2022-04-012023-03-3107639348dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107639348core:ListedExchangeTraded2022-04-012023-03-3107639348dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107639348core:UnlistedNon-exchangeTraded2022-04-012023-03-3107639348dpl:CostSales2021-04-012022-03-3107639348dpl:DistributionCosts2021-04-012022-03-3107639348core:LandBuildings2021-04-012022-03-3107639348core:PlantMachinery2021-04-012022-03-3107639348core:Vehicles2021-04-012022-03-3107639348core:FurnitureFittings2021-04-012022-03-3107639348core:OfficeEquipment2021-04-012022-03-3107639348dpl:AdministrativeExpenses2021-04-012022-03-3107639348core:NetGoodwill2021-04-012022-03-3107639348core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107639348dpl:GroupUndertakings2021-04-012022-03-3107639348dpl:ParticipatingInterests2021-04-012022-03-3107639348dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107639348core:ListedExchangeTraded2021-04-012022-03-3107639348dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107639348core:UnlistedNon-exchangeTraded2021-04-012022-03-3107639348core:NetGoodwill2023-03-3107639348core:IntangibleAssetsOtherThanGoodwill2023-03-3107639348core:LandBuildings2023-03-3107639348core:PlantMachinery2023-03-3107639348core:Vehicles2023-03-3107639348core:FurnitureFittings2023-03-3107639348core:OfficeEquipment2023-03-3107639348core:AfterOneYear2023-03-3107639348core:WithinOneYear2023-03-3107639348core:ListedExchangeTraded2023-03-3107639348core:UnlistedNon-exchangeTraded2023-03-3107639348core:ShareCapital2023-03-3107639348core:SharePremium2023-03-3107639348core:RevaluationReserve2023-03-3107639348core:OtherReservesSubtotal2023-03-3107639348core:RetainedEarningsAccumulatedLosses2023-03-3107639348core:NetGoodwill2022-03-3107639348core:IntangibleAssetsOtherThanGoodwill2022-03-3107639348core:LandBuildings2022-03-3107639348core:PlantMachinery2022-03-3107639348core:Vehicles2022-03-3107639348core:FurnitureFittings2022-03-3107639348core:OfficeEquipment2022-03-3107639348core:AfterOneYear2022-03-3107639348core:WithinOneYear2022-03-3107639348core:Liste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Registered Number
07639348
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

NEWQUAY ACTIVITY CENTRE LTD

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	BARBER, Robert John


Registered Address	60 Fore Street
	Newquay
	TR7 1LW


Registered Number	07639348 (England and Wales)

NEWQUAY ACTIVITY CENTRE LTD

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		509,620		499,169
			509,620		499,169
Current assets
Debtors	7	35,582		30,978
Current asset investments		10,070		10,070
Cash at bank and on hand		46,973		24,158
		92,625		65,206
Creditors amounts falling due within one year	8	(129,999)		(92,673)
Net current assets (liabilities)			(37,374)		(27,467)
Total assets less current liabilities			472,246		471,702
Creditors amounts falling due after one year	9		(298,654)		(320,840)
Provisions for liabilities			(28,644)		(18,309)
Net assets			144,948		132,553
Capital and reserves
Profit and loss account			144,948		132,553
Shareholders' funds			144,948		132,553

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 20 December 2023, and are signed on its behalf by:

BARBER, Robert John
Director
Registered Company No. 07639348

NEWQUAY ACTIVITY CENTRE LTD

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	14		7

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 April 22	564,885
	Additions	21,016
	At 31 March 23	585,901
	Depreciation and impairment
	At 01 April 22	65,716
	Charge for year	10,966
	Other adjustments	(401)
	At 31 March 23	76,280
	Net book value
	At 31 March 23	509,620
	At 31 March 22	499,169

6.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
BARBER, Robert John	(510)	25,005	24,495	0
	(510)	25,005	24,495	0

7.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	19,611	18,565
Prepayments and accrued income	15,971	12,413
Total	35,582	30,978


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	90,708	29,677
Bank borrowings and overdrafts	2,530	4,370
Taxation and social security	7,117	9,094
Other creditors	-	76
Accrued liabilities and deferred income	29,644	49,456
Total	129,999	92,673


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	205,455	217,607
Amounts owed to related parties	93,124	102,724
Other creditors	75	509
Total	298,654	320,840

10.	Finance lease and HP contracts after one year