PENNINE LEISURE LIMITED

Company Registration Number:
04439536 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

PENNINE LEISURE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

PENNINE LEISURE LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 8,000 9,000
Tangible assets: 4 1,966,759 2,191,365
Investments:   0 0
Total fixed assets: 1,974,759 2,200,365
Current assets
Stocks: 84,244 67,317
Debtors:   48,862 49,942
Cash at bank and in hand: 501,472 386,033
Total current assets: 634,578 503,292
Creditors: amounts falling due within one year:   (396,649) (506,325)
Net current assets (liabilities): 237,929 (3,033)
Total assets less current liabilities: 2,212,688 2,197,332
Creditors: amounts falling due after more than one year: 5 (358,289) (404,577)
Provision for liabilities: (21,682) (24,122)
Total net assets (liabilities): 1,832,717 1,768,633
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 1,732,717 1,668,633
Shareholders funds: 1,832,717 1,768,633

The notes form part of these financial statements

PENNINE LEISURE LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 November 2023
and signed on behalf of the board by:

Name: Gareth Swain
Status: Director

The notes form part of these financial statements

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation or impairment losses.

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset less its estimated residual value, over the useful life of the asset.

Valuation and information policy

Stocks are measured at the lower of cost and realisable value.

Other accounting policies

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of the asset as follows:Plant and machinery - 20% straight lineFixtures, fittings and equipment - 20% straight lineMotor Vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised to reflect the new estimates.

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 15 16

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Intangible Assets

Total
Cost £
At 01 March 2022 110,000
At 28 February 2023 110,000
Amortisation
At 01 March 2022 101,000
Charge for year 1,000
At 28 February 2023 102,000
Net book value
At 28 February 2023 8,000
At 28 February 2022 9,000

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 2,683,350
Additions 35,157
Disposals (600)
Revaluations (200,000)
At 28 February 2023 2,517,907
Depreciation
At 01 March 2022 491,985
Charge for year 59,523
On disposals (360)
At 28 February 2023 551,148
Net book value
At 28 February 2023 1,966,759
At 28 February 2022 2,191,365

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

Included within 'creditors falling de within one year' note is an amount of £239,662 (2022 £257,956) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.The loan is secured by a fixed and floating charge over Kelly Mains Farm.

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Related party transactions

Name of the related party: Pennine Building & Construction Limited
Relationship:
Associated comapny
Description of the Transaction: Partial repayment of a loan from an associated company
£
Balance at 01 March 2022 92,770
Balance at 28 February 2023 90,693