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REGISTERED NUMBER: 01387909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

S.D.S. LEISURE ENTERPRISES LIMITED

S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.D.S. LEISURE ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: D Bedrossian





SECRETARY: S L A Bedrossian





REGISTERED OFFICE: 168 Gunnersbury Lane
London
W3 9BB





REGISTERED NUMBER: 01387909 (England and Wales)





ACCOUNTANTS: Hovnan & Co Ltd
Chartered Accountants
106 Ashurst Road
Cockfosters
London
EN4 9LG

S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,882 1,677
Investment property 5 725,000 725,000
726,882 726,677

CURRENT ASSETS
Debtors 6 106,125 85,125
Cash at bank 2,101 -
108,226 85,125
CREDITORS
Amounts falling due within one year 7 14,207 9,921
NET CURRENT ASSETS 94,019 75,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,901

801,881

PROVISIONS FOR LIABILITIES 112,048 112,048
NET ASSETS 708,853 689,833

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 639,248 639,248
Retained earnings 69,505 50,485
SHAREHOLDERS' FUNDS 708,853 689,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)

BALANCE SHEET - continued
28 FEBRUARY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





D Bedrossian - Director


S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

S.D.S. Leisure Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable from rental income from the freehold property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided on investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022 4,610
Additions 537
At 28 February 2023 5,147
DEPRECIATION
At 1 March 2022 2,933
Charge for year 332
At 28 February 2023 3,265
NET BOOK VALUE
At 28 February 2023 1,882
At 28 February 2022 1,677

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 725,000
NET BOOK VALUE
At 28 February 2023 725,000
At 28 February 2022 725,000

The property is charged to the Company's bankers to secure the borrowing by the director D Bedrossian.

S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2000 222,367
Valuation in 2015 117,300
Valuation in 2016 70,000
Valuation in 2017 127,500
Valuation in 2018 37,500
Valuation in 2022 75,000
Cost 75,333
725,000

If investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 75,333 75,333
Aggregate depreciation (44,243 ) (42,736 )

Investment property was valued on an open market basis on 28 February 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 106,125 85,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 1,890 5,971
Other creditors 12,317 3,950
14,207 9,921

8. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 639,248

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a balance of £5,865 due to the director D Bedrossian. The balance is repayable on demand and non-interest bearing.

S.D.S. LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 01387909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. RELATED PARTY DISCLOSURES

Included in other debtors is £106,125 (2022: £85,125) due from the parent company Adelphi Assets Ltd. This
balance is non-interest bearing and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Adelphi Assets Ltd which is controlled by Mr D Bedrossian as
director and shareholder.