THE LAKELAND CLIMBING CENTRE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BRG Audit Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Significant events

• “Over the last 12 months, The Lakeland Climbing Centre has experienced difficult trading conditions with footfall growth of 2.5% for the year vs 10% growth the year before.”
• “On the costs side, we had several rent reviews reflecting 30% RPI increases over the past 5 years, a reduction in business rate discounts and salary pressures from increased Employers' National Insurance and Minimum Wage.”
• “The net result of this was a Company turnover increase of 4.3% and an operating profit margin decline from 13% to 9%.”
• “We completed major projects at Vauxwall East and Kendal and are currently refurbishing our 2 central arches at Vauxwall West.”
• “In March and April, we completed the purchase of Rainbow Rocket (Cambridge), Big Rock (Milton Keynes) and The Beacon (N Wales).”
• “In acquiring Rainbow Rocket, we stepped into the development of a major new centre for Cambridge (Rainbow Rocket North) which represents the next level in our expertise of delivering special, welcoming and vibrant climbing facilities – our best so far.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11.2%

  £9,515,248 → £10,581,956

• Cash

  +20%

  £651,191 → £781,521

• Net assets

  +42.8%

  £6,428,764 → £9,181,208

• Employees

  +54.3%

  164 → 253

• Operating profit

  -20.4%

  £1,231,219 → £980,347

• Profit before tax

  -20.2%

  £1,113,663 → £888,178

• Wages

  +17.6%

  £2,454,508 → £2,886,634

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers