Company registration number 04644707 (England and Wales)
Penn Hill Leisure Ltd
Unaudited
financial statements
for the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
Penn Hill Leisure Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Penn Hill Leisure Ltd
Statement Of Financial Position
as at 30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
98,466
98,789
Current assets
Stocks
25,518
15,322
Debtors
47,471
53,650
Cash at bank and in hand
9,110
53,532
82,099
122,504
Creditors: amounts falling due within one year
(281,205)
(239,072)
Net current liabilities
(199,106)
(116,568)
Net liabilities
(100,640)
(17,779)
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
(100,740)
(17,879)
Total equity
(100,640)
(17,779)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 21 September 2023
P J Hoban
Director
Company Registration No. 04644707
Penn Hill Leisure Ltd
Notes to the financial statements
for the year ended 30 June 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised upon receipt of cash.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Penn Hill Leisure Ltd
Notes to the financial statements (continued)
for the year ended 30 June 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
41
44
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 July 2022
205,199
Additions
14,675
At 30 June 2023
219,874
Depreciation and impairment
At 1 July 2022
106,410
Depreciation charged in the year
14,998
At 30 June 2023
121,408
Carrying amount
At 30 June 2023
98,466
At 30 June 2022
98,789
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
60
60
60
60
Ordinary B shares of £1 each
40
40
40
40
100
100
100
100
5
Company information

Penn Hill Leisure Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Woodside Court, Clayton Wood Rise, Leeds, West Yorkshire, LS16 6RF.

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