REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
LEISURE AVENUES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
LEISURE AVENUES LIMITED |
LEISURE AVENUES LIMITED (REGISTERED NUMBER: 05495496) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LEISURE AVENUES LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Manor Square |
Solihull |
West Midlands |
B91 3PX |
LEISURE AVENUES LIMITED (REGISTERED NUMBER: 05495496) |
BALANCE SHEET |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LEISURE AVENUES LIMITED (REGISTERED NUMBER: 05495496) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Leisure Avenues Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the invoiced value of cash receivable from customers, net of Value Added Tax, of goods sold and services provided to customers. Turnover is recognised when the point of sale occurs and the sale is made to the customer. |
Government grants |
Government grants are recognised in the Statement of Financial Activities upon entitlement. |
Stocks |
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price. Provision is made for obsolete and slow moving items. |
Financial instruments |
Turnover represents the involved value of value of cash receivable from customers, net of Value Added Tax, of goods sold and services provided to customers. Turnover is recognised when the point of sale occurs and the sale is made to the customer. |
Hire purchase and leasing commitments |
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. |
Debtors |
Short term debtors are measured at the transaction price, less any impairment. |
Creditors |
Short term trade creditors are measured at the transaction price. |
Leased assets |
All leases are "operating leases" and the annual rentals are charged to the profit and loss on a straight line basis over the lease term. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
LEISURE AVENUES LIMITED (REGISTERED NUMBER: 05495496) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
6. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Nuneaton and Bedworth Leisure Trust Ltd (NBLT) which leads the largest and smallest group in which the company's financial statements are consolidated. These consolidated financial statements are available from the Charity Commission website. |
NBLT's registered office is at 92a Wheat Street, Nuneaton, CV11 4BH. |