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REGISTERED NUMBER: 06242116 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

SAR LEISURE LIMITED

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAR LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: J A Hughes
S J Hughes





SECRETARY: J A Hughes





REGISTERED OFFICE: Spitfire House
19 Falcon Court
Preston Farm Ind. Est.
Stockton-on-Tees
TS18 3TU





REGISTERED NUMBER: 06242116 (England and Wales)

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

ABRIDGED BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 27,485 31,411
Tangible assets 5 190,435 24,697
Investment property 6 - 65,152
217,920 121,260

CURRENT ASSETS
Debtors 4,744 9,980
Cash at bank and in hand 22,835 12,476
27,579 22,456
CREDITORS
Amounts falling due within one year 49,421 42,156
NET CURRENT LIABILITIES (21,842 ) (19,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,078

101,560

CREDITORS
Amounts falling due after more than one year 562,693 442,423
NET LIABILITIES (366,615 ) (340,863 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (367,615 ) (341,863 )
SHAREHOLDERS' FUNDS (366,615 ) (340,863 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2022


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 October 2023 and were signed on its behalf by:




J A Hughes - Director



S J Hughes - Director


SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

SAR Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Revenue represents income from gaming and amusement machines, net of prizes paid and Machine Games Duty. Income is recognised in the accounts weekly, when the gaming machines are emptied. At the financial year end a provision is made for income arising in the period from the date the machines were last emptied to the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Amusement machines - 25% on cost
Fixtures and fittings - 10% on cost

No depreciation has been charged in respect of freehold property, transferred from investment property. This is because the property was in the process of being fitted out for use by the company. Depreciation will be charged on the property in the year to 31 October 2023, when it comes into use.

Investment property
Investment property is shown at its acquisition cost which the directors consider to be equal to fair value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 8 ) .

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 November 2021
and 31 October 2022 78,525
AMORTISATION
At 1 November 2021 47,114
Amortisation for year 3,926
At 31 October 2022 51,040
NET BOOK VALUE

At 31 October 2022 27,485
At 31 October 2021 31,411

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 November 2021 294,599
Additions 10,756
Reclassification/transfer 166,407
At 31 October 2022 471,762
DEPRECIATION
At 1 November 2021 269,902
Charge for year 11,425
At 31 October 2022 281,327
NET BOOK VALUE
At 31 October 2022 190,435
At 31 October 2021 24,697

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2021 65,152
Additions 101,255
Reclassification/transfer (166,407 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 65,152

7. OTHER FINANCIAL COMMITMENTS

Financial commitments under operating leases at the year end amounted to £57,384 (2021: £59,400).