Silverfin false false 31/12/2023 01/01/2023 31/12/2023 E Morris 18/11/2014 J Morris 18/11/2014 L Morris 17/02/2023 M Morris 18/11/2014 12 April 2024 The principal activity of the Company during the financial year was property letting. SC074435 2023-12-31 SC074435 bus:Director1 2023-12-31 SC074435 bus:Director2 2023-12-31 SC074435 bus:Director3 2023-12-31 SC074435 bus:Director4 2023-12-31 SC074435 2022-12-31 SC074435 core:CurrentFinancialInstruments 2023-12-31 SC074435 core:CurrentFinancialInstruments 2022-12-31 SC074435 core:ShareCapital 2023-12-31 SC074435 core:ShareCapital 2022-12-31 SC074435 core:CostValuation 2022-12-31 SC074435 core:CostValuation 2023-12-31 SC074435 bus:OrdinaryShareClass1 2023-12-31 SC074435 2023-01-01 2023-12-31 SC074435 bus:FilletedAccounts 2023-01-01 2023-12-31 SC074435 bus:SmallEntities 2023-01-01 2023-12-31 SC074435 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC074435 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC074435 bus:Director1 2023-01-01 2023-12-31 SC074435 bus:Director2 2023-01-01 2023-12-31 SC074435 bus:Director3 2023-01-01 2023-12-31 SC074435 bus:Director4 2023-01-01 2023-12-31 SC074435 2022-01-01 2022-12-31 SC074435 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC074435 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC074435 (Scotland)

ASHTON LEISURE (GLASGOW) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

ASHTON LEISURE (GLASGOW) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

ASHTON LEISURE (GLASGOW) LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
ASHTON LEISURE (GLASGOW) LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 998 998
998 998
Current assets
Debtors 4 4,002 4,002
4,002 4,002
Net current assets 4,002 4,002
Total assets less current liabilities 5,000 5,000
Net assets 5,000 5,000
Capital and reserves
Called-up share capital 5 5,000 5,000
Total shareholder's funds 5,000 5,000

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ashton Leisure (Glasgow) Limited (registered number: SC074435) were approved and authorised for issue by the Board of Directors on 12 April 2024. They were signed on its behalf by:

E Morris
Director
ASHTON LEISURE (GLASGOW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
ASHTON LEISURE (GLASGOW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ashton Leisure (Glasgow) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 180 West Regent Street, Glasgow, G2 4RW, United Kingdom.

The financial statements have been prepared under the historical cost convention in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the provision of property letting provided in the normal course of business, and is shown net of VAT.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are measured at transaction price.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 998
At 31 December 2023 998
Carrying value at 31 December 2023 998
Carrying value at 31 December 2022 998

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 4,002 4,002

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5,000 Ordinary shares of £ 1.00 each 5,000 5,000

6. Financial commitments

The company is party to cross guarantees with all group companies in respect of bank facilities. At 31 December 2023 the potential liability was £832,434 (2022: £885,636).

7. Ultimate controlling party

Parent Company:

The company's ultimate parent company is Morris Amusements (Holdings) Limited, who are registered at 180 West Regent Street, Glasgow.