Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03517247 2022-04-01 2023-03-31 03517247 2021-04-01 2022-03-31 03517247 2023-03-31 03517247 2022-03-31 03517247 c:Director3 2022-04-01 2023-03-31 03517247 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 03517247 d:Buildings d:LongLeaseholdAssets 2023-03-31 03517247 d:Buildings d:LongLeaseholdAssets 2022-03-31 03517247 d:FurnitureFittings 2022-04-01 2023-03-31 03517247 d:FurnitureFittings 2023-03-31 03517247 d:FurnitureFittings 2022-03-31 03517247 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03517247 d:ComputerEquipment 2022-04-01 2023-03-31 03517247 d:ComputerEquipment 2023-03-31 03517247 d:ComputerEquipment 2022-03-31 03517247 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03517247 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03517247 d:CurrentFinancialInstruments 2023-03-31 03517247 d:CurrentFinancialInstruments 2022-03-31 03517247 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03517247 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03517247 d:ShareCapital 2023-03-31 03517247 d:ShareCapital 2022-03-31 03517247 d:RetainedEarningsAccumulatedLosses 2023-03-31 03517247 d:RetainedEarningsAccumulatedLosses 2022-03-31 03517247 c:FRS102 2022-04-01 2023-03-31 03517247 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03517247 c:FullAccounts 2022-04-01 2023-03-31 03517247 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03517247 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03517247










SHENLEY LEISURE CENTRE TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SHENLEY LEISURE CENTRE TRADING LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
SHENLEY LEISURE CENTRE TRADING LIMITED
REGISTERED NUMBER: 03517247

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
88,446
95,453

Current assets
  

Stocks
  
3,913
5,291

Debtors: amounts falling due within one year
 6 
1,339
4,787

Cash at bank and in hand
 7 
133,396
164,832

  
138,648
174,910

Creditors: amounts falling due within one year
 8 
(74,428)
(82,036)

Net current assets
  
 
 
64,220
 
 
92,874

  

Net assets
  
152,666
188,327


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
142,666
178,327

  
152,666
188,327


Page 1

 
SHENLEY LEISURE CENTRE TRADING LIMITED
REGISTERED NUMBER: 03517247
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Dransfield
Director

Date: 6 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SHENLEY LEISURE CENTRE TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Shenley Leisure Centre Trading Limited is a Company limited by shares, domiciled in England and Wales, registered number 03517247, with a trading address at Burchard Crescent, Shenley Church End, Milton Keynes, MK5 6HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
SHENLEY LEISURE CENTRE TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
straight line
Fixtures and fittings
-
25%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SHENLEY LEISURE CENTRE TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Donations under gift aid

The company donates each accounting period under the Gift Aid provision, an amount equal to its taxable profits for the accounting period, to Shenley Leisure Centre Trust Limited. Subsequently, the company is not liable to pay corporation tax to HM Revenue and Customs.
Shenley Leisure Centre Trading Limited is a wholly owned subsidiary of Shenley Leisure Centre Trust Limited.

Page 5

 
SHENLEY LEISURE CENTRE TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
213,567
113,975
9,845
337,387



At 31 March 2023

213,567
113,975
9,845
337,387



Depreciation


At 1 April 2022
122,591
110,275
9,068
241,934


Charge for the year on owned assets
4,271
2,529
207
7,007



At 31 March 2023

126,862
112,804
9,275
248,941



Net book value



At 31 March 2023
86,705
1,171
570
88,446



At 31 March 2022
90,976
3,700
777
95,453

Page 6

 
SHENLEY LEISURE CENTRE TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
508
-

Prepayments and accrued income
831
4,787

1,339
4,787



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
133,396
164,832



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,682
27,058

Amounts owed to group undertakings
61,382
50,008

Other taxation and social security
6,064
3,242

Other creditors
2,300
1,728

74,428
82,036



9.


Related party transactions

During the period management fees of £72,000 (2022 - £39,840) were paid to Shenley Leisure Centre Trust Limited.


10.


Controlling party

The directors consider that the ultimate parent undertaking of this Company is its parent company Shenley Leisure Centre Trust Limited.
.
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies
Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated
accounts.

 
Page 7