2022-07-012023-06-302023-06-30false09931160CHRIS LANE LEISURE (HOLDINGS) 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CHRIS LANE LEISURE (HOLDINGS) LIMITED

Registered Number
09931160
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

CHRIS LANE LEISURE (HOLDINGS) LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

ALI, Ashik
MACKENZIE, Helen

Registered Address

Lanes Health Clubs Golfers Lane
Rustington
Littlehampton
BN16 4NB

Registered Number

09931160 (England and Wales)
CHRIS LANE LEISURE (HOLDINGS) LIMITED
Statement of Financial Position
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5425,356521,496
425,356521,496
Current assets
Debtors50,774129,146
Cash at bank and on hand50,59929,322
101,373158,468
Creditors amounts falling due within one year7(761,809)(753,716)
Net current assets (liabilities)(660,436)(595,248)
Total assets less current liabilities(235,080)(73,752)
Creditors amounts falling due after one year8(302,383)(564,185)
Net assets(537,463)(637,937)
Capital and reserves
Called up share capital625,429625,429
Profit and loss account(1,162,892)(1,263,366)
Shareholders' funds(537,463)(637,937)
The financial statements were approved and authorised for issue by the Board of Directors on 8 November 2023, and are signed on its behalf by:
ALI, Ashik
Director
Registered Company No. 09931160
CHRIS LANE LEISURE (HOLDINGS) LIMITED
Notes to the Financial Statements
for the year ended 30 June 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
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. The financial statements have been prepared on a going concern basis on the assumption that the company will continue to receive the support of its directors and creditors. The directors have considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the company’s ability to continue as a going concern.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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:
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised evenly over its estimated useful life of three years.
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.
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.
Government grants and other government assistance policy
During the year, the company received £nil (2022: £25,170) in furlough funding from the government CJRS grant scheme. All funds were paid out to staff under the manner they were intended.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year5152
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 July 221,271,072
Additions66,314
At 30 June 231,337,386
Depreciation and impairment
At 01 July 22749,576
Charge for year162,454
At 30 June 23912,030
Net book value
At 30 June 23425,356
At 30 June 22521,496
6.Debtors within one year

2023

2022

££
Trade debtors / trade receivables1,40039,749
Amounts owed by associates and joint ventures / participating interests2,17610,898
Other debtors12,95512,955
Prepayments and accrued income34,24365,544
Total50,774129,146
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables232,528163,648
Taxation and social security109,12257,802
Finance lease and HP contracts204,316267,381
Other creditors11,05835,471
Accrued liabilities and deferred income204,785229,414
Total761,809753,716
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.
8.Creditors after one year

2023

2022

££
Other creditors302,383564,185
Total302,383564,185
The long term creditors relate to finance agreements secured by a charge over individual plant and equipment assets.
9.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts208,114410,396