Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-052023-07-05false72022-07-068truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00808762 2022-07-06 2023-07-05 00808762 2021-07-06 2022-07-05 00808762 2023-07-05 00808762 2022-07-05 00808762 c:Director1 2022-07-06 2023-07-05 00808762 d:FurnitureFittings 2022-07-06 2023-07-05 00808762 d:FurnitureFittings 2023-07-05 00808762 d:FurnitureFittings 2022-07-05 00808762 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-06 2023-07-05 00808762 d:ComputerEquipment 2022-07-06 2023-07-05 00808762 d:OtherPropertyPlantEquipment 2022-07-06 2023-07-05 00808762 d:OtherPropertyPlantEquipment 2023-07-05 00808762 d:OtherPropertyPlantEquipment 2022-07-05 00808762 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-07-06 2023-07-05 00808762 d:OwnedOrFreeholdAssets 2022-07-06 2023-07-05 00808762 d:Goodwill 2023-07-05 00808762 d:Goodwill 2022-07-05 00808762 d:CurrentFinancialInstruments 2023-07-05 00808762 d:CurrentFinancialInstruments 2022-07-05 00808762 d:Non-currentFinancialInstruments 2023-07-05 00808762 d:Non-currentFinancialInstruments 2022-07-05 00808762 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-05 00808762 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-05 00808762 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-05 00808762 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-05 00808762 d:ShareCapital 2023-07-05 00808762 d:ShareCapital 2022-07-05 00808762 d:OtherMiscellaneousReserve 2023-07-05 00808762 d:OtherMiscellaneousReserve 2022-07-05 00808762 d:RetainedEarningsAccumulatedLosses 2023-07-05 00808762 d:RetainedEarningsAccumulatedLosses 2022-07-05 00808762 c:FRS102 2022-07-06 2023-07-05 00808762 c:AuditExempt-NoAccountantsReport 2022-07-06 2023-07-05 00808762 c:FullAccounts 2022-07-06 2023-07-05 00808762 c:PrivateLimitedCompanyLtd 2022-07-06 2023-07-05 00808762 d:WithinOneYear 2023-07-05 00808762 d:WithinOneYear 2022-07-05 00808762 d:BetweenOneFiveYears 2023-07-05 00808762 d:BetweenOneFiveYears 2022-07-05 iso4217:GBP xbrli:pure

Registered number: 00808762










FLAMINGO LEISURE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 JULY 2023

 
FLAMINGO LEISURE LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
FLAMINGO LEISURE LIMITED
REGISTERED NUMBER: 00808762

BALANCE SHEET
AS AT 5 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
83,083
62,123

Current assets
  

Debtors: amounts falling due within one year
 6 
18,889
14,713

Cash at bank and in hand
  
132,937
212,665

  
151,826
227,378

Creditors: amounts falling due within one year
 7 
(53,305)
(58,761)

Net current assets
  
 
 
98,521
 
 
168,617

Total assets less current liabilities
  
181,604
230,740

Creditors: amounts falling due after more than one year
 8 
(17,600)
(27,200)

  

Net assets
  
164,004
203,540


Capital and reserves
  

Called up share capital 
  
300
300

Other reserves
  
949
949

Profit and loss account
  
162,755
202,291

  
164,004
203,540


Page 1

 
FLAMINGO LEISURE LIMITED
REGISTERED NUMBER: 00808762
    
BALANCE SHEET (CONTINUED)
AS AT 5 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2024.




J.M.F. Haynes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FLAMINGO LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JULY 2023

1.


General information

Flamingo Leisure Limited is a private company limited by shares incorporated in England. The address of the registered office and principal place of business is 21-22 Bridge Street, Stourport-On-Severn, Worcestershire, DY13 8UT.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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.

 
2.3

Intangible assets

Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

 
2.4

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 3

 
FLAMINGO LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JULY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
30% on a reducing balance basis.
Amusement and gaming machines - additions prior to 5 July 2010
-
40% on a reducing balance basis.
Amusement and gaming machines - additions after 5 July 2010
-
20% on a straight line basis.

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.

 
2.5

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.

 
2.6

Financial instruments

The Company 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 and loans to related parties.

 
2.7

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.

 
2.8

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 profit and loss account in the same period as the related expenditure.

Page 4

 
FLAMINGO LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JULY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company 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 balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 7).


4.


Intangible assets




Goodwill

£



Cost


At 6 July 2022
21,137



At 5 July 2023

21,137



Amortisation


At 6 July 2022
21,137



At 5 July 2023

21,137



Net book value



At 5 July 2023
-



At 5 July 2022
-



Page 5

 
FLAMINGO LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JULY 2023

5.


Tangible fixed assets





Fixtures, fittings and equipment
Amusement and gaming machines
Total

£
£
£



Cost 


At 6 July 2022
202,230
331,018
533,248


Additions
-
42,946
42,946


Disposals
-
(11,795)
(11,795)



At 5 July 2023

202,230
362,169
564,399



Depreciation


At 6 July 2022
198,844
272,281
471,125


Charge for the year on owned assets
1,015
20,971
21,986


Disposals
-
(11,795)
(11,795)



At 5 July 2023

199,859
281,457
481,316



Net book value



At 5 July 2023
2,371
80,712
83,083



At 5 July 2022
3,386
58,737
62,123

Page 6

 
FLAMINGO LEISURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JULY 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,821
-

Prepayments and accrued income
17,068
14,713

18,889
14,713



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
7,044
-

Bank loans
9,600
9,600

Trade creditors
6,936
21,552

Other taxation and social security
1,612
2,792

Other creditors
2,899
2,511

Accruals and deferred income
25,214
22,306

53,305
58,761



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,600
27,200



9.


Commitments under operating leases

At 5 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
42,384
42,386

Later than 1 year and not later than 5 years
27,000
69,384

69,384
111,770

 
Page 7