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Company Registration No. 05220788 (England and Wales)
Spreyer Brothers Leisure Limited Unaudited accounts for the year ended 28 February 2023
Spreyer Brothers Leisure Limited Unaudited accounts Contents
Page
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Spreyer Brothers Leisure Limited Company Information for the year ended 28 February 2023
Directors
Mr D M Spreyer Mr D J Spreyer
Company Number
05220788 (England and Wales)
Registered Office
24 Halden Field Rolvenden Cranbrook Kent TN17 4BX England
Accountants
Southern Accounting Limited 24 Halden Field Rolvenden Cranbrook Kent TN17 4BX
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Spreyer Brothers Leisure Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
195,000 
- 
Tangible assets
10,793,592 
9,487,198 
Investments
99 
99 
10,988,691 
9,487,297 
Current assets
Debtors
135,427 
108,989 
Cash at bank and in hand
91,086 
46,463 
226,513 
155,452 
Creditors: amounts falling due within one year
(1,606,119)
(1,179,883)
Net current liabilities
(1,379,606)
(1,024,431)
Total assets less current liabilities
9,609,085 
8,462,866 
Creditors: amounts falling due after more than one year
(3,238,220)
(2,516,800)
Provisions for liabilities
Deferred tax
(1,107,774)
(1,058,103)
Net assets
5,263,091 
4,887,963 
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Spreyer Brothers Leisure Limited Statement of financial position as at 28 February 2023 (continued)
Capital and reserves
Called up share capital
68 
68 
Revaluation reserve
4,555,966 
4,555,966 
Capital redemption reserve
34 
34 
Capital contribution reserve
(1,704,933)
(1,704,933)
Profit and loss account
2,411,956 
2,036,828 
Shareholders' funds
5,263,091 
4,887,963 
For the year ending 28 February 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Mr D J Spreyer Director Company Registration No. 05220788
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Spreyer Brothers Leisure Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Spreyer Brothers Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 05220788. The registered office is 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on Cost
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in unlisted shares are included at cost.
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Spreyer Brothers Leisure Limited Notes to the Accounts for the year ended 28 February 2023
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
999,990 
Additions
234,000 
At 28 February 2023
1,233,990 
Amortisation
At 1 March 2022
999,990 
Charge for the year
39,000 
At 28 February 2023
1,038,990 
Net book value
At 28 February 2023
195,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
9,766,062 
734,494 
10,270 
88,216 
3,759 
10,602,801 
Additions
1,004,554 
373,000 
13,000 
- 
- 
1,390,554 
At 28 February 2023
10,770,616 
1,107,494 
23,270 
88,216 
3,759 
11,993,355 
Depreciation
At 1 March 2022
351,902 
672,666 
9,892 
78,046 
3,097 
1,115,603 
Charge for the year
41,213 
37,927 
2,605 
2,250 
165 
84,160 
At 28 February 2023
393,115 
710,593 
12,497 
80,296 
3,262 
1,199,763 
Net book value
At 28 February 2023
10,377,501 
396,901 
10,773 
7,920 
497 
10,793,592 
At 28 February 2022
9,414,160 
61,828 
378 
10,170 
662 
9,487,198 
2023 
2022 
£ 
£ 
Carrying amount of land and buildings on cost basis
5,006,349 
4,001,829 
Freehold land and buildings were independently valued on an open market basis on 31 August 2021 by Colliers.
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Spreyer Brothers Leisure Limited Notes to the Accounts for the year ended 28 February 2023
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2022
99 
Valuation at 28 February 2023
99 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
29,938 
- 
Other debtors
105,489 
108,989 
135,427 
108,989 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
847,352 
270,848 
Trade creditors
- 
272 
Amounts owed to group undertakings and other participating interests
583,314 
740,803 
Taxes and social security
3,282 
3,507 
Other creditors
1,070 
638 
Loans from directors
166,819 
159,533 
Accruals
4,282 
4,282 
1,606,119 
1,179,883 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,878,220 
2,516,800 
Amounts owed to group undertakings and other participating interests
360,000 
- 
3,238,220 
2,516,800 
Aggregate of amounts that fall due for payment after five years
1,955,513 
1,375,151 
- 8 -
Spreyer Brothers Leisure Limited Notes to the Accounts for the year ended 28 February 2023
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
39,091 
(10,580)
Revaluation of land and buildings
1,068,683 
1,068,683 
1,107,774 
1,058,103 
2023 
2022 
£ 
£ 
Provision at start of year
1,058,103 
337,471 
Charged/(credited) to the profit and loss account
49,671 
(23,151)
Charged to other comprehensive income
- 
743,783 
Provision at end of year
1,107,774 
1,058,103 
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
66 Ordinary of £1 each
66 
66 
1 Ordinary A of £1 each
1 
1 
1 Ordinary B of £1 each
1 
1 
68 
68 
12
Transactions with related parties
At the balance sheet date, the company had an outstanding loan due from Spreyer Brothers Ltd was £105,456 (2022: £108,956). The loan is interest free and repayable upon demand. During the year, the company received a loan of £180,000 from Spreyer Destinations Ltd to facilitate the purchase of a new caravan park. This is a company under the common control of director, D J Spreyer. As at the balance sheet date, the outstanding loan due to Spreyer Destinations Ltd was £180,000 (2022: £0) During the year, the company received a loan of £180,000 from D.M. Spreyer Holdings Ltd to facilitate the purchase of a new caravan park. This is a company under the common control of director, D M Spreyer. As at the balance sheet date, the outstanding loan due to D.M. Spreyer Holdings Ltd was £180,000 (2022: £0)
13
Average number of employees
During the year the average number of employees was 18 (2022: 20).
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