Relate AccountsProduction v2.6.1 v2.6.1 2020-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is gaming and amusement machines. 30 June 2022 16 17 NI642016 2021-11-30 NI642016 2020-11-30 NI642016 2019-11-30 NI642016 2020-12-01 2021-11-30 NI642016 2019-12-01 2020-11-30 NI642016 uk-bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 NI642016 uk-bus:AbridgedAccounts 2020-12-01 2021-11-30 NI642016 uk-bus:Director1 2020-12-01 2021-11-30 NI642016 uk-bus:RegisteredOffice 2020-12-01 2021-11-30 NI642016 uk-bus:Agent1 2020-12-01 2021-11-30 NI642016 uk-core:ShareCapital 2021-11-30 NI642016 uk-core:ShareCapital 2020-11-30 NI642016 uk-core:RetainedEarningsAccumulatedLosses 2021-11-30 NI642016 uk-core:RetainedEarningsAccumulatedLosses 2020-11-30 NI642016 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-11-30 NI642016 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2020-11-30 NI642016 uk-bus:FRS102 2020-12-01 2021-11-30 NI642016 uk-core:Goodwill 2020-12-01 2021-11-30 NI642016 uk-core:PlantMachinery 2020-12-01 2021-11-30 NI642016 uk-core:FurnitureFittingsToolsEquipment 2020-12-01 2021-11-30 NI642016 uk-core:Goodwill 2020-11-30 NI642016 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-01 2021-11-30 NI642016 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-11-30 NI642016 uk-core:Goodwill 2021-11-30 NI642016 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-11-30 NI642016 2020-12-01 2021-11-30 NI642016 uk-bus:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Newry Leisure Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 November 2021



Newry Leisure Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Ms. Sonya Mullen
 
 
Company Registration Number NI642016
 
 
Registered Office and Business Address 51 Monaghan Street
Newry
Co. Down
BT35 6AY
Northern Ireland
 
 
Accountants John MacMahon & Co
Chartered Accountants
112 Camlough Road
Newry
Co. Down
BT35 7EE
Northern Ireland
 
 
Bankers Santander
  3 Margaret Square
  Newry
  Co. Down
  BT34 1JA
  Northern Ireland
   
   
  Revolut
  7 Westferry Circus
  The Columbus Building
  Floor 4
  London
  E14 4HD
   
   
  Cash Plus
  One London Wall
  EC2Y 5EB
  United Kingdom



Newry Leisure Ltd
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 30 November 2021
2021 2020
Notes £ £

Gross profit 263,818 343,950
 
Administrative expenses (262,107) (254,502)
Other operating income 150,257 39,169
───────── ─────────
Operating profit 151,968 128,617
 
Interest receivable and similar income - 102
Interest payable and similar expenses (1,275) (554)
───────── ─────────
Profit before taxation 150,693 128,165
 
Tax on profit - (792)
───────── ─────────
Profit for the financial year 150,693 127,373
    ═════════   ═════════



Newry Leisure Ltd
Company Registration Number: NI642016
ABRIDGED BALANCE SHEET
as at 30 November 2021

2021 2020
Notes £ £
 
Fixed Assets
Intangible assets 5 6,000 38,750
Tangible assets 6 265,516 142,197
───────── ─────────
271,516 180,947
───────── ─────────
 
Current Assets
Debtors 308,841 47,053
Cash and cash equivalents 24,480 234,630
───────── ─────────
333,321 281,683
───────── ─────────
Creditors: amounts falling due within one year (214,879) (199,262)
───────── ─────────
Net Current Assets 118,442 82,421
───────── ─────────
Total Assets less Current Liabilities 389,958 263,368
 
Creditors:
amounts falling due after more than one year (38,397) (47,500)
───────── ─────────
Net Assets 351,561 215,868
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 351,560 215,867
───────── ─────────
Equity attributable to owners of the company 351,561 215,868
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Director's Report.
           
For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 30 June 2022
           
________________________________          
Ms. Sonya Mullen          
Director          
           



Newry Leisure Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 November 2021

   
1. General Information
 
Newry Leisure Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 51 Monaghan Street, Newry, Co. Down, BT35 6AY, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

These financial statements cover the individual entity for the year ended 30th November 2021.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2021 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Research and development
Development expenditure is written off in the same year unless the director are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Newry Leisure Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1st December 2019.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was as follows:
 
  2021 2020
  Number Number
 
Employees 16 17
  ═════════ ═════════
         
5. Intangible assets
  Development    
  Costs Goodwill Total
  £ £ £
Cost
At 1 December 2020 40,000 7,500 47,500
Disposals (40,000) - (40,000)
  ───────── ───────── ─────────
At 30 November 2021 - 7,500 7,500
  ───────── ───────── ─────────
Amortisation
At 1 December 2020 8,000 750 8,750
Charge for financial year - 750 750
On disposals (8,000) - (8,000)
  ───────── ───────── ─────────
At 30 November 2021 - 1,500 1,500
  ───────── ───────── ─────────
Net book value
At 30 November 2021 - 6,000 6,000
  ═════════ ═════════ ═════════
At 30 November 2020 32,000 6,750 38,750
  ═════════ ═════════ ═════════
         
6. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 December 2020 147,437 3,500 150,937
Additions 167,527 - 167,527
  ───────── ───────── ─────────
At 30 November 2021 314,964 3,500 318,464
  ───────── ───────── ─────────
Depreciation
At 1 December 2020 7,945 795 8,740
Charge for the financial year 43,508 700 44,208
  ───────── ───────── ─────────
At 30 November 2021 51,453 1,495 52,948
  ───────── ───────── ─────────
Net book value
At 30 November 2021 263,511 2,005 265,516
  ═════════ ═════════ ═════════
At 30 November 2020 139,492 2,705 142,197
  ═════════ ═════════ ═════════
       
7. Pension Commitments
 
The company operates a defined contribution pension scheme for employees.  The assets of the scheme are held separately from those of the company in an independently administered fund.  At 31st November 2021 unpaid contributions of £243 (2020: £252) were due to the pension provider. This is included in creditors: amounts falling due within one year.
       
8. Directors Advances
 
The company provided the director with an interest free loan in the financial year. This loan was repayable on demand. The balance at 30th November 2021 was £231,546, this amount was repaid within 9 months of the year end.