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REGISTERED NUMBER: 12425519 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

UNWIND LEISURE LIMITED

UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)






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


UNWIND LEISURE LIMITED

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTORS: Mr G S Williams
Mrs D Williams





REGISTERED OFFICE: 61 Queen Square
Bristol
United Kingdom
BS1 4JZ





REGISTERED NUMBER: 12425519 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 131,750 148,750
Tangible assets 5 1,865,727 1,880,070
1,997,477 2,028,820

CURRENT ASSETS
Stocks 236,850 60,000
Debtors 6 26,252 6,580
Cash at bank and in hand 128,104 237,396
391,206 303,976
CREDITORS
Amounts falling due within one year 7 1,184,491 1,043,500
NET CURRENT LIABILITIES (793,285 ) (739,524 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,192

1,289,296

CREDITORS
Amounts falling due after more than
one year

8

(1,140,936

)

(1,264,194

)

PROVISIONS FOR LIABILITIES (10,125 ) (5,583 )
NET ASSETS 53,131 19,519

UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

BALANCE SHEET - continued
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,129 19,517
53,131 19,519

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 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.

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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




Mr G S Williams - Director



Mrs D Williams - Director


UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Unwind Leisure 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold Property 2% Straight Line
Plant and Machinery20% Straight Line
Fixtures and Fittings20% Straight Line
Computer Equipment 33.3% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 170,000
AMORTISATION
At 1 March 2022 21,250
Amortisation for year 17,000
At 28 February 2023 38,250
NET BOOK VALUE
At 28 February 2023 131,750
At 28 February 2022 148,750

UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 1,850,682 41,867 1,051 382 1,893,982
Additions 11,795 24,777 - - 36,572
At 28 February 2023 1,862,477 66,644 1,051 382 1,930,554
DEPRECIATION
At 1 March 2022 - 13,737 175 - 13,912
Charge for year 37,250 13,328 210 127 50,915
At 28 February 2023 37,250 27,065 385 127 64,827
NET BOOK VALUE
At 28 February 2023 1,825,227 39,579 666 255 1,865,727
At 28 February 2022 1,850,682 28,130 876 382 1,880,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,855 -
Other debtors 14,397 6,580
26,252 6,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 123,259 135,805
Trade creditors 15,858 1,618
Amounts owed to group undertakings 856,961 757,824
Taxation and social security 18,331 3,853
Other creditors 170,082 144,400
1,184,491 1,043,500

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 1,140,936 1,264,194

UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 569,270 728,390

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank Loan account 1 yr 123,259 135,805

Amounts falling due between two and five years:
Bank Loan account over 2 to 5
years 571,666 535,804
571,666 535,804

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 569,270 728,390

10. RELATED PARTY DISCLOSURES

Orleton Rise Park Limited

A company under common control.


During the year the company entered into arm's length transactions relating to costs recharged for administrative expenditure and stock to/from Orleton Rise Park Limited. The balance owed to Orleton Rise Park Limited from the company amounted to £854,162 (2022:£696,466) and can be found within the other creditors under amounts falling due within one year.

2023 2022
£    £   
Amount due to related party at the balance sheet date 854,162 696,466

UNWIND LEISURE LIMITED (REGISTERED NUMBER: 12425519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

10. RELATED PARTY DISCLOSURES - continued

Relay Leisure Ltd (Formerly known as Trelay Leisure Ltd)

A company under common control


During the year the company entered into arm's length transactions relating to costs recharged for administrative expenditure and stock to/from Relay Leisure Limited (Formerly know as Trelay Leisure Limited). The balance owed to Relay Leisure Limited from the company amounted to £2,799 (2022:£61,355) and can be found within the other creditors under amounts falling due within one year.

2023 2022
£    £   
Amount due to related party at the balance sheet date 2,799 61,355