Caseware UK (AP4) 2023.0.135 2023.0.135 2022-07-312022-07-312022-07-3179270No description of principal activity77false2021-08-01false56false 01298989 2021-08-01 2022-07-31 01298989 2020-08-01 2021-07-31 01298989 2022-07-31 01298989 2021-07-31 01298989 2020-08-01 01298989 c:Director1 2021-08-01 2022-07-31 01298989 c:Director1 2022-07-31 01298989 c:Director2 2021-08-01 2022-07-31 01298989 c:Director2 2022-07-31 01298989 c:Director3 2021-08-01 2022-07-31 01298989 c:Director3 2022-07-31 01298989 c:Director4 2021-08-01 2022-07-31 01298989 c:Director4 2022-07-31 01298989 c:RegisteredOffice 2021-08-01 2022-07-31 01298989 d:Buildings 2021-08-01 2022-07-31 01298989 d:Buildings 2022-07-31 01298989 d:Buildings 2021-07-31 01298989 d:Buildings d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01298989 d:Buildings d:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 01298989 d:Buildings d:LongLeaseholdAssets 2021-08-01 2022-07-31 01298989 d:Buildings d:LongLeaseholdAssets 2022-07-31 01298989 d:Buildings d:LongLeaseholdAssets 2021-07-31 01298989 d:LandBuildings 2022-07-31 01298989 d:LandBuildings 2021-07-31 01298989 d:PlantMachinery 2021-08-01 2022-07-31 01298989 d:PlantMachinery 2022-07-31 01298989 d:PlantMachinery 2021-07-31 01298989 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01298989 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 01298989 d:MotorVehicles 2021-08-01 2022-07-31 01298989 d:MotorVehicles 2022-07-31 01298989 d:MotorVehicles 2021-07-31 01298989 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01298989 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 01298989 d:OfficeEquipment 2021-08-01 2022-07-31 01298989 d:OfficeEquipment 2022-07-31 01298989 d:OfficeEquipment 2021-07-31 01298989 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01298989 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 01298989 d:OtherPropertyPlantEquipment 2021-08-01 2022-07-31 01298989 d:OtherPropertyPlantEquipment 2022-07-31 01298989 d:OtherPropertyPlantEquipment 2021-07-31 01298989 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01298989 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 01298989 d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01298989 d:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 01298989 d:CurrentFinancialInstruments 2022-07-31 01298989 d:CurrentFinancialInstruments 2021-07-31 01298989 d:Non-currentFinancialInstruments 2022-07-31 01298989 d:Non-currentFinancialInstruments 2021-07-31 01298989 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 01298989 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 01298989 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 01298989 d:Non-currentFinancialInstruments d:AfterOneYear 2021-07-31 01298989 d:ShareCapital 2021-08-01 2022-07-31 01298989 d:ShareCapital 2022-07-31 01298989 d:ShareCapital 2020-08-01 2021-07-31 01298989 d:ShareCapital 2021-07-31 01298989 d:ShareCapital 2020-08-01 01298989 d:OtherMiscellaneousReserve 2021-08-01 2022-07-31 01298989 d:OtherMiscellaneousReserve 2022-07-31 01298989 d:OtherMiscellaneousReserve 2020-08-01 2021-07-31 01298989 d:OtherMiscellaneousReserve 2021-07-31 01298989 d:OtherMiscellaneousReserve 2020-08-01 01298989 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 01298989 d:RetainedEarningsAccumulatedLosses 2022-07-31 01298989 d:RetainedEarningsAccumulatedLosses 2020-08-01 2021-07-31 01298989 d:RetainedEarningsAccumulatedLosses 2021-07-31 01298989 d:RetainedEarningsAccumulatedLosses 2020-08-01 01298989 d:FinancialAssetsAmortisedCost 2022-07-31 01298989 d:FinancialAssetsAmortisedCost 2021-07-31 01298989 d:FinancialLiabilitiesAmortisedCost 2022-07-31 01298989 d:FinancialLiabilitiesAmortisedCost 2021-07-31 01298989 c:OrdinaryShareClass1 2021-08-01 2022-07-31 01298989 c:OrdinaryShareClass1 2022-07-31 01298989 c:OrdinaryShareClass1 2021-07-31 01298989 c:FRS102 2021-08-01 2022-07-31 01298989 c:Audited 2021-08-01 2022-07-31 01298989 c:FullAccounts 2021-08-01 2022-07-31 01298989 c:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 01298989 d:Subsidiary1 2021-08-01 2022-07-31 01298989 d:Subsidiary1 1 2021-08-01 2022-07-31 01298989 d:Subsidiary2 2021-08-01 2022-07-31 01298989 d:Subsidiary2 1 2021-08-01 2022-07-31 01298989 d:HirePurchaseContracts d:WithinOneYear 2022-07-31 01298989 d:HirePurchaseContracts d:WithinOneYear 2021-07-31 01298989 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-07-31 01298989 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-07-31 01298989 d:HirePurchaseContracts d:MoreThanFiveYears 2022-07-31 01298989 d:HirePurchaseContracts d:MoreThanFiveYears 2021-07-31 01298989 c:Consolidated 2022-07-31 01298989 c:ConsolidatedGroupCompanyAccounts 2021-08-01 2022-07-31 01298989 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 01298989 d:AcceleratedTaxDepreciationDeferredTax 2021-07-31 01298989 2 2021-08-01 2022-07-31 01298989 6 2021-08-01 2022-07-31 01298989 e:PoundSterling 2021-08-01 2022-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01298989










BOB POTTER LEISURE LIMITED










ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

 
BOB POTTER LEISURE LIMITED
 
 
COMPANY INFORMATION


Directors
R R Potter OBE (deceased 14 April 2023)
T Franklin (appointed 16 September 2021, resigned 20 July 2022)
J Potter (appointed 16 September 2021, resigned 20 July 2022)
B V Potter (appointed 21 July 2022, resigned 17 January 2023,
appointed 31 January 2023)




Registered number
01298989



Registered office
Wharfenden House
56 Wharf Road

Frimley Green

Camberley

Surrey

GU16 6PW




Trading Address
Lakeside
Wharf Road

Frimley Green

Camberley

Surrey

GU16 6PT






Independent auditors
Shaw Gibbs (Audit) Limited
Statutory Auditors

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT





 
BOB POTTER LEISURE LIMITED
 

CONTENTS



Page
Group Strategic Report
 
1
Director's Report
 
2 - 3
Independent Auditors' Report
 
4 - 7
Consolidated Statement of Comprehensive Income
 
8
Consolidated Statement of Financial Position
 
9 - 10
Company Statement of Financial Position
 
11 - 12
Consolidated Statement of Changes in Equity
 
13
Company Statement of Changes in Equity
 
14
Consolidated Statement of Cash Flows
 
15 - 16
Notes to the Financial Statements
 
17 - 38


 
BOB POTTER LEISURE LIMITED
 
 
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2022

Introduction
 
The principal activities of the group during the year were:
• Operation of a leisure complex, together with three hotels, a steak house and the hire and sale of gaming and amusement machines.
• Caravan site management

Business review
 
Overall the group results for the year show a profit of £195,835 after tax (2021: loss of £1,177,629).
The profit this year is as a result of improved occupancy levels within the hotels and events now being able to go ahead as a result of the Coronavirus Covid-19 restrictions being lifted.

Principal risks and uncertainties
 
The principal risks facing the Group are economic conditions and local competition. 

Financial key performance indicators
 
The group continues to monitor its turnover and gross margins.

Other key performance indicators
 
The other indicators used to assess the performance of the Group varies according to the establishment within the leisure complex:
• Occupancy rates within the hotels
• Caravan occupancy levels
• Function and event bookings for the country club


This report was approved by the board and signed on its behalf.






B V Potter
Director

Date: 23 February 2024

Page 1

 
BOB POTTER LEISURE LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2022

The director presents his report and the financial statements for the year ended 31 July 2022.

Director's responsibilities statement

The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Group's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation and minority interests, amounted to £249,991 (2021 - £1,131,576).

No dividend has been recommended (2021: £110,000).

Directors

The directors who served during the year were:

R R Potter OBE (deceased 14 April 2023)
T Franklin (appointed 16 September 2021, resigned 20 July 2022)
J Potter (appointed 16 September 2021, resigned 20 July 2022)
B V Potter (appointed 21 July 2022, resigned 17 January 2023)

Future developments

The directors have continued to invest in upgrading both the groups hotels and leisure facilities and they believe  that they will continue to remain competitive in the leisure industry and will continue to attract new and repeat customers to their leisure facilities.

Page 2

 
BOB POTTER LEISURE LIMITED
 
 
 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
:
- so far as the director is aware, there is no relevant audit information of which the Company's auditors are     unaware, and
- the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.


The auditorsShaw Gibbs (Audit) Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 







B V Potter
Director

Date: 23 February 2024

Page 3

 
BOB POTTER LEISURE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOB POTTER LEISURE LIMITED
 

Opinion


We have audited the financial statements of Bob Potter Leisure Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 July 2022, which comprise the Group Statement of Comprehensive Income, the Group and Company Statements of Financial Position, the Group Statement of Cash Flows, the Group and Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Group's and of the parent Company's affairs as at 31 July 2022 and of the Group's profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Page 4

 
BOB POTTER LEISURE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOB POTTER LEISURE LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and  our Auditors' Report thereon.  The director is responsible for the other information contained within the Annual Report.  Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent Company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Page 5

 
BOB POTTER LEISURE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOB POTTER LEISURE LIMITED (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. 
Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and reviewing legal invoices. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 6

 
BOB POTTER LEISURE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BOB POTTER LEISURE LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.







Stephen Morgan BSc (Econ) FCA (Senior Statutory Auditor)
for and on behalf of
Shaw Gibbs (Audit) Limited
Statutory Auditors
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

4 March 2024
Page 7

 
BOB POTTER LEISURE LIMITED
 
 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2022

2022
2021
Note
£
£

  

Turnover
 4 
3,499,845
1,080,751

Cost of sales
  
(1,330,582)
(1,313,379)

Gross profit/(loss)
  
2,169,263
(232,628)

Administrative expenses
  
(2,201,104)
(2,001,279)

Other operating income
 5 
254,039
838,699

Operating profit/(loss)
 6 
222,198
(1,395,208)

Income from fixed assets investments
  
-
(500)

Interest receivable and similar income
 11 
5,852
17,337

Interest payable and expenses
 12 
(2,943)
(5,055)

Profit/(loss) before taxation
  
225,107
(1,383,426)

Tax on profit/(loss)
 13 
(25,945)
205,797

Profit/(loss) for the year
  
199,162
(1,177,629)

Profit/(loss) for the year attributable to:
  

Non-controlling interests
  
(54,156)
(46,053)

Owners of the parent Company
  
253,318
(1,131,576)

  
199,162
(1,177,629)

Total comprehensive income for the year attributable to:
  

Non-controlling interest
  
(54,156)
(46,053)

Owners of the parent Company
  
253,318
(1,131,576)

  
199,162
(1,177,629)

There were no recognised gains and losses for 2022 or 2021 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2022 (2021:£NIL).

The notes on pages 17 to 38 form part of these financial statements.

Page 8

 
BOB POTTER LEISURE LIMITED
REGISTERED NUMBER: 01298989

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 15 
5,074,187
5,170,726

Investment property
 17 
783,120
777,121

  
5,857,307
5,947,847

Current assets
  

Stocks
 18 
48,654
47,239

Debtors: amounts falling due within one year
 19 
464,416
636,797

Cash at bank and in hand
 20 
10,105,477
9,513,123

  
10,618,547
10,197,159

Creditors: amounts falling due within one year
 21 
(652,643)
(518,148)

Net current assets
  
 
 
9,965,904
 
 
9,679,011

Total assets less current liabilities
  
15,823,211
15,626,858

Creditors: amounts falling due after more than one year
 22 
(43,001)
(51,110)

Provisions for liabilities
  

Deferred taxation
 25 
(133,357)
(128,056)

  
 
 
(133,357)
 
 
(128,056)

Net assets
  
15,646,853
15,447,692

Page 9

 
BOB POTTER LEISURE LIMITED
REGISTERED NUMBER: 01298989
    
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2022

2022
2021
Note
£
£

Capital and reserves
  

Called up share capital 
 26 
100
100

Other reserves
  
578
578

Profit and loss account
  
15,513,690
15,260,372

Equity attributable to owners of the parent Company
  
15,514,368
15,261,050

Non-controlling interests
  
132,485
186,642

  
15,646,853
15,447,692


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






B V Potter
Director

Date: 23 February 2024

The notes on pages 17 to 38 form part of these financial statements.

Page 10

 
BOB POTTER LEISURE LIMITED
REGISTERED NUMBER: 01298989

COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 15 
5,064,933
5,166,799

Investments
 16 
662,477
662,477

Investment property
 17 
398,425
398,425

  
6,125,835
6,227,701

Current assets
  

Stocks
 18 
48,654
47,239

Debtors: amounts falling due within one year
 19 
3,552,166
3,238,227

Cash at bank and in hand
 20 
6,901,398
6,608,479

  
10,502,218
9,893,945

Creditors: amounts falling due within one year
 21 
(547,262)
(397,994)

Net current assets
  
 
 
9,954,956
 
 
9,495,951

Total assets less current liabilities
  
16,080,791
15,723,652

  

Creditors: amounts falling due after more than one year
 22 
(43,001)
(51,110)

Provisions for liabilities
  

Deferred taxation
 25 
(133,357)
(128,056)

  
 
 
(133,357)
 
 
(128,056)

Net assets
  
15,904,433
15,544,486

Page 11

 
BOB POTTER LEISURE LIMITED
REGISTERED NUMBER: 01298989
    
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2022

2022
2021
Note
£
£


Capital and reserves
  

Called up share capital 
 26 
100
100

Other reserves
  
578
578

Profit and loss account brought forward
  
15,543,808
16,691,880

Profit/(loss) for the year
  
359,947
(1,038,072)

Other changes in the profit and loss account

  

-
(110,000)

Profit and loss account carried forward
  
15,903,755
15,543,808

  
15,904,433
15,544,486


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






B V Potter
Director

Date: 23 February 2024

The notes on pages 17 to 38 form part of these financial statements.

Page 12

 
BOB POTTER LEISURE LIMITED
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022


Called up share capital
Other reserves
Profit and loss account
Equity attributable to owners of parent Company
Total equity

£
£
£
£
£


At 1 August 2020
100
578
16,501,948
16,502,626
16,502,626


Comprehensive income for the year

Loss for the year
-
-
(1,131,576)
(1,131,576)
(1,131,576)


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
(1,131,576)
(1,131,576)
(1,131,576)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(110,000)
(110,000)
(110,000)


Total transactions with owners
-
-
(110,000)
(110,000)
(110,000)



At 1 August 2021
100
578
15,260,372
15,261,050
15,261,050


Comprehensive income for the year

Profit for the year
-
-
253,318
253,318
253,318


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
253,318
253,318
253,318


Total transactions with owners
-
-
-
-
-


At 31 July 2022
100
578
15,513,690
15,514,368
15,514,368


The notes on pages 17 to 38 form part of these financial statements.

Page 13

 
BOB POTTER LEISURE LIMITED
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 August 2020
100
578
16,691,880
16,692,558


Comprehensive income for the year

Loss for the year
-
-
(1,038,072)
(1,038,072)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(1,038,072)
(1,038,072)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(110,000)
(110,000)


Total transactions with owners
-
-
(110,000)
(110,000)



At 1 August 2021
100
578
15,543,808
15,544,486


Comprehensive income for the year

Profit for the year
-
-
359,947
359,947


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
359,947
359,947


Total transactions with owners
-
-
-
-


At 31 July 2022
100
578
15,903,755
15,904,433


The notes on pages 17 to 38 form part of these financial statements.

Page 14

 
BOB POTTER LEISURE LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2022

2022
2021
£
£

Cash flows from operating activities

Profit/(loss) for the financial year
199,162
(1,177,629)

Adjustments for:

Depreciation of tangible assets
242,000
243,494

Loss on disposal of tangible assets
950
4,139

Government grants
(6,000)
-

Interest paid
2,943
5,055

Interest received
(5,852)
(16,837)

Taxation charge
25,945
(205,797)

(Increase)/decrease in stocks
(1,414)
17,976

(Increase)/decrease in debtors
(117,477)
199,976

Increase/(decrease) in creditors
132,851
(7,369)

Corporation tax received/(paid)
269,213
(2,136,442)

Net cash generated from operating activities

742,321
(3,073,434)


Cash flows from investing activities

Purchase of intangible fixed assets
-
(82,634)

Sale of intangible assets
-
10,332

Purchase of tangible fixed assets
(146,411)
-

Purchase of investment properties
(6,000)
(430,575)

Sale of investment properties
-
500

Government grants received
6,000
-

Interest received
5,852
17,337

HP interest paid
(2,943)
(4,586)

Income from investments
-
(500)

Net cash from investing activities

(143,502)
(490,126)

Cash flows from financing activities

New finance leases
(6,465)
(4,822)

Dividends paid
-
(110,000)

Interest paid
-
(469)

Net cash used in financing activities
(6,465)
(115,291)

Net increase/(decrease) in cash and cash equivalents
592,354
(3,678,851)

Cash and cash equivalents at beginning of year
9,513,123
13,191,974

Cash and cash equivalents at the end of year
10,105,477
9,513,123

Page 15

 
BOB POTTER LEISURE LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022


2022
2021

£
£


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
10,105,477
9,513,123

10,105,477
9,513,123


The notes on pages 17 to 38 form part of these financial statements.

Page 16

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1.


General information

Bob Potter Leisure Limited (01298989) is a private company limited by shares and incorporated in England & Wales. Its registered office is 56 Wharf Road, Frimley Green, Camberley, Surrey, GU16 6PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The presentation currenct used in GBP and amounts have been rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 August 2014.

Page 17

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Consolidated Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.

Page 18

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

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.

Page 19

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, in line with the percentages listed below.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Leasehold Property
-
2% straight line
Plant & machinery
-
10% and 15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Floating restaurant
-
15% reducing balance

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.

 
2.10

Investment property

Investment properties are carried at their fair value as determined annually by the director and adjusted for write downs as deemed necessary. No depreciation is provided. Changes in fair value are recognised in the consolidated statement of comprehensive income.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Consolidated Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.

Page 20

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.14

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.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

 
2.15

Creditors

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.

 
2.16

Provisions for liabilities

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 reporting 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.

 
2.17

Financial instruments

The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 21

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Tangible fixed assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.
The company's subsidiary R.H.F Potter & Sons Limited owns land and a number of static caravans. The  static caravans and the land on which they reside have been classed as investment properties on the basis that they are held to earn rental income. Both the land and static caravans have been valued on an  open market for existing use basis. 


4.


Turnover

2022
2021
£
£

Hotel income and rent receivable
3,453,931
1,033,184

Caravan park income
45,915
47,567

3,499,846
1,080,751


All turnover arose within the United Kingdom.


5.


Other operating income

2022
2021
£
£

Other operating income
2,427
5,530

Net rents receivable
104,678
128,471

Local government grants receivable
6,000
80,803

HMRC CJRS
140,934
623,895

254,039
838,699


Page 22

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

6.


Operating profit/(loss)

The operating profit/(loss) is stated after charging:

2022
2021
£
£

Depreciation
242,000
243,494


7.


Auditors' remuneration

During the year, the Group obtained the following services from the Company's auditors:


2022
2021
£
£

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements
16,831
24,592


8.


Employees

Staff costs, including director's remuneration, were as follows:


Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£


Wages and salaries
1,447,852
1,611,014
1,087,034
1,261,926

Social security costs
156,055
151,561
108,945
107,653

Cost of defined contribution scheme
12,937
15,094
11,863
14,086

1,616,844
1,777,669
1,207,842
1,383,665


The average monthly number of employees, including the director, during the year was as follows:



Group
Group
Company
Company
        2022
        2021
        2022
        2021
            No.
            No.
            No.
            No.









Staff full and part time
59
80
56
77

Page 23

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

9.


Director's remuneration

2022
2021
£
£

Director's emoluments
572,000
553,429

572,000
553,429


The highest paid director received remuneration of £572,000 (2021 - £553,429).

During the year NIL directors received shares under the long-term incentive schemes (2021 -NIL).


10.


Income from investments

2022
2021
£
£

Income from sale of investment property
-
(500)







11.


Interest receivable

2022
2021
£
£


Other interest receivable
5,852
17,337


12.


Interest payable and similar expenses

2022
2021
£
£


Finance leases and hire purchase contracts
2,943
4,586

Other interest payable
-
469

2,943
5,055

Page 24

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

13.


Taxation


2022
2021
£
£

Corporation tax


Current tax on profits for the year
20,644
-

Adjustments in respect of previous periods
-
(230,302)


Total current tax
20,644
(230,302)

Deferred tax


Origination and reversal of timing differences
5,301
24,505

Total deferred tax
5,301
24,505


Taxation on profit/(loss) on ordinary activities
25,945
(205,797)

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2021 - higher than) the standard rate of corporation tax in the UK of 19% (2021 - 19%). The differences are explained below:

2022
2021
£
£


Profit/(loss) on ordinary activities before tax
225,106
(1,383,426)


Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2021 - 19%)
42,770
(262,851)

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
129
5,459

Capital allowances for year in excess of depreciation
16,266
27,517

Utilisation of tax losses
(70,672)
229,888

Prior year
-
(230,302)

Short term timing difference leading to an increase (decrease) in taxation
(43)
(13)

Unrelieved tax losses carried forward
32,194
-

Deferred tax
5,301
24,505

Total tax charge for the year
25,945
(205,797)


Factors that may affect future tax charges

Page 25

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
 
13.Taxation (continued)

The group has taxable losses of £1,933,239 (2021: £2,133,067) which can be relieved against future profits of the group. At the current rate of corporation tax this provides tax relief of £483,310 (2021: £405,283).  


14.


Dividends

2022
2021
£
£


Dividends paid on equity capital
-
110,000

-
110,000

Page 26

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

15.


Tangible fixed assets

Group






Freehold property
L/Term Leasehold Property
Plant & machinery
Motor vehicles
Office equipment

£
£
£
£
£



Cost or valuation


At 1 August 2021
3,839,338
3,996,858
2,753,253
274,265
1,572,497


Additions
-
-
146,411
-
-


Disposals
-
-
(2,557)
-
-



At 31 July 2022

3,839,338
3,996,858
2,897,107
274,265
1,572,497



Depreciation


At 1 August 2021
1,464,892
1,732,987
2,336,988
214,835
1,519,186


Charge for the year on owned assets
68,391
79,270
70,974
2,929
7,997


Charge for the year on financed assets
-
-
-
11,929
-


Disposals
-
-
(1,607)
-
-



At 31 July 2022

1,533,283
1,812,257
2,406,355
229,693
1,527,183



Net book value



At 31 July 2022
2,306,055
2,184,601
490,752
44,572
45,314



At 31 July 2021
2,374,446
2,263,871
416,265
59,430
53,311
Page 27

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

           15.Tangible fixed assets (continued)


Other fixed assets
Total

£
£



Cost or valuation


At 1 August 2021
51,173
12,487,384


Additions
-
146,411


Disposals
-
(2,557)



At 31 July 2022

51,173
12,631,238



Depreciation


At 1 August 2021
47,770
7,316,658


Charge for the year on owned assets
510
230,071


Charge for the year on financed assets
-
11,929


Disposals
-
(1,607)



At 31 July 2022

48,280
7,557,051



Net book value



At 31 July 2022
2,893
5,074,187



At 31 July 2021
3,403
5,170,726

Page 28

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

           15.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Freehold
2,306,055
2,374,446

Long leasehold
2,184,601
2,263,870

4,490,656
4,638,316


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Motor vehicles
35,788
47,717

35,788
47,717

Page 29

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

           15.Tangible fixed assets (continued)


Company






Freehold property
L/Term Leasehold Property
Plant & machinery
Motor vehicles
Office equipment

£
£
£
£
£

Cost or valuation


At 1 August 2021
3,839,338
3,996,858
2,731,348
274,265
1,572,497


Additions
-
-
140,149
-
-


Disposals
-
-
(2,557)
-
-



At 31 July 2022

3,839,338
3,996,858
2,868,940
274,265
1,572,497



Depreciation


At 1 August 2021
1,464,892
1,732,987
2,319,009
214,835
1,519,186


Charge for the year on owned assets
68,391
79,270
70,040
2,929
7,997


Charge for the year on financed assets
-
-
-
11,929
-


Disposals
-
-
(1,607)
-
-



At 31 July 2022

1,533,283
1,812,257
2,387,442
229,693
1,527,183



Net book value



At 31 July 2022
2,306,055
2,184,601
481,498
44,572
45,314



At 31 July 2021
2,374,446
2,263,871
412,338
59,430
53,311
Page 30

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

           15.Tangible fixed assets (continued)


Other fixed assets
Total

£
£

Cost or valuation


At 1 August 2021
51,173
12,465,479


Additions
-
140,149


Disposals
-
(2,557)



At 31 July 2022

51,173
12,603,071



Depreciation


At 1 August 2021
47,770
7,298,679


Charge for the year on owned assets
510
229,137


Charge for the year on financed assets
-
11,929


Disposals
-
(1,607)



At 31 July 2022

48,280
7,538,138



Net book value



At 31 July 2022
2,893
5,064,933



At 31 July 2021
3,403
5,166,799

Page 31

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

           15.Tangible fixed assets (continued)





The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Freehold
2,306,055
2,374,446

Long leasehold
2,184,601
2,263,870

4,490,656
4,638,316


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Motor vehicles
35,788
47,717

35,788
47,717

Page 32

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

16.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2021
662,477



At 31 July 2022
662,477





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

R.H.F Potter and Sons Limited
United Kingdom
Caravan site management
Ordinary
67%
Waters Edge (Mytchett) Limited
United Kingdom
Dormant
Ordinary
100%


17.


Investment property

Group


Freehold investment property

£



Valuation


At 1 August 2021
777,120


Additions at cost
6,000



At 31 July 2022
783,120

The 2022 valuations were made by the director, on an open market value for existing use basis.




Page 33

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

18.


Stocks

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Work in progress (goods to be sold)
57
492
57
492

Finished goods
48,597
46,747
48,597
46,747

48,654
47,239
48,654
47,239


The difference between purchase price or production cost of stocks and their replacement cost is not material.


19.


Debtors

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£


Trade debtors
43,995
31,287
31,793
19,546

Amounts owed by group undertakings
-
-
3,131,908
2,696,903

Other debtors
344,866
562,317
312,910
502,556

Prepayments and accrued income
75,555
43,193
75,555
19,222

464,416
636,797
3,552,166
3,238,227



20.


Cash and cash equivalents

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Cash at bank and in hand
10,105,477
9,513,123
6,901,401
6,608,479

10,105,477
9,513,123
6,901,401
6,608,479


Page 34

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

21.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Trade creditors
245,347
204,059
187,992
137,506

Amounts owed to group undertakings
-
-
100
100

Other taxation and social security
152,323
-
152,323
-

Obligations under finance lease and hire purchase contracts
8,109
6,466
8,109
6,466

Other creditors
13,594
12,964
13,594
12,964

Accruals and deferred income
233,270
294,659
185,144
240,958

652,643
518,148
547,262
397,994



22.


Creditors: Amounts falling due after more than one year

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Net obligations under finance leases and hire purchase contracts
43,001
51,110
43,001
51,110

43,001
51,110
43,001
51,110





23.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Within one year
8,109
6,466
8,109
6,466

Between 1-5 years
43,001
8,109
43,001
8,109

Over 5 years
-
43,001
-
43,001

51,110
57,576
51,110
57,576

Page 35

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

24.


Financial instruments

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Financial assets

Financial assets measured at amortised cost
10,493,760
10,106,727
7,246,102
7,130,581


Financial liabilities

Financial liabilities measured at amortised cost
269,799
223,489
209,693
156,936


Financial assets and liabilities are measured at amortised cost.  Financial assets is made up of bank, trade debtors and other debtors.  Financial liabiliites are made up of bank loans, trade creditors, other creditors and finance leases.

Page 36

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

25.


Deferred taxation


Group



2022
2021


£

£






At beginning of year
(128,056)
(103,551)


Charged to profit or loss
(5,301)
(24,505)



At end of year
(133,357)
(128,056)

Company


2022
2021


£

£






At beginning of year
(128,056)
(103,551)


Charged to profit or loss
(5,301)
(24,505)



At end of year
(133,357)
(128,056)

The provision for deferred taxation is made up as follows:

Group
Group
Company
Company
2022
2021
2022
2021
£
£
£
£

Accelerated capital allowances
(133,357)
(128,056)
(133,357)
(128,056)

(133,357)
(128,056)
(133,357)
(128,056)

Page 37

 
BOB POTTER LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

26.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares shares of £1.00 each
100
100



27.


Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £12,937 (2021: £15,094). Contributions totalling £8,23l (2021: £Nil) were payable to the fund at the reporting date and are included in creditors.


28.


Controlling party

The group is under the control of Mr R R Potter OBE nd Mrs B V Potter.

 
Page 38