Company Registration No. 07215992 (England and Wales)
ANGLIA LEISURE LIMITED
Unaudited accounts
for the year ended 18 April 2023
ANGLIA LEISURE LIMITED
Unaudited accounts
Contents
ANGLIA LEISURE LIMITED
Company Information
for the year ended 18 April 2023
Directors
Rooney Anand
Michael Rothwell
Company Number
07215992 (England and Wales)
Registered Office
5th Floor
83-85 Baker Street
London
W1U 6AG
England
Accountants
Williams Stanley and Co
ANGLIA LEISURE LIMITED
Statement of financial position
as at 18 April 2023
Tangible assets
-
3,260,322
Cash at bank and in hand
-
480,415
Creditors: amounts falling due within one year
-
(1,024,486)
Net current assets/(liabilities)
1
(459,273)
Total assets less current liabilities
1
2,801,049
Creditors: amounts falling due after more than one year
-
(1,125,223)
Provisions for liabilities
Called up share capital
1
1,000
Revaluation reserve
-
1,028,320
Profit and loss account
-
465,826
Shareholders' funds
1
1,495,146
For the year ending 18 April 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 28 September 2023 and were signed on its behalf by
Michael Rothwell
Director
Company Registration No. 07215992
ANGLIA LEISURE LIMITED
Notes to the Accounts
for the year ended 18 April 2023
ANGLIA LEISURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07215992. The registered office is 5th Floor , 83-85 Baker Street, London, W1U 6AG, 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.
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.
These financial statements have been prepared in accordance with the 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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.
The estimated useful lives range as follows:
Freehold property - over 50 years
Long-term leasehold property - over the life of the lease
Plant and machinery - between 5-15 years
Motor vehicles - over 5 years
Fixtures and fittings - between 5-20 years
Office equipment - between 3-10 years
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.
Raw materials and consumables are stated at the lower of cost and net realisable value on first-in, first-out basis. Crockery, linen, and staff uniforms (included in other stock) are accounted for on a renewal’s basis. There are no material differences between the recorded book values and replacement cost.
ANGLIA LEISURE LIMITED
Notes to the Accounts
for the year ended 18 April 2023
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.
Short term debtors are measured at transaction price, less any impairment. Loans receivables 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.
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.
Provisions are made where an event has taken place that gives the Group a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Group becomes aware of the obligation and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 19 April 2022
3,915,587
742,684
4,658,271
Disposals
(3,915,587)
(742,684)
(4,658,271)
At 19 April 2022
850,036
547,913
1,397,949
On disposals
(850,036)
(547,913)
(1,397,949)
At 18 April 2022
3,065,551
194,771
3,260,322
Amounts falling due within one year
Amounts due from group undertakings etc.
1
-
Accrued income and prepayments
-
61,576
ANGLIA LEISURE LIMITED
Notes to the Accounts
for the year ended 18 April 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
426,359
Amounts owed to group undertakings and other participating interests
-
100,584
Taxes and social security
-
266,697
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
The Company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
The Immediate Parent Company is RedCat Inns Limited who own 100% of the share capital of the Company.
The smallest and largest undertaking for which the company is a member and for which group financial statements are prepared is RedCat Pub Company Limited.
The Ultimate Controlling Party is Oaktree Opportunities Fund XI GP, LP, an investment fund managed by Oaktree Capital Management LP, a private equity management firm.
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Average number of employees
During the year the average number of employees was 0 (2022: 53).