Registered number
08702473
Ombler Leisure Limited
Filleted Accounts
30 April 2023
Ombler Leisure Limited
Registered number: 08702473
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 63,800 69,600
Tangible assets 4 53,098 31,416
116,898 101,016
Current assets
Stocks 17,169 19,985
Debtors 5 36,388 59,967
Cash at bank and in hand 279,183 381,257
332,740 461,209
Creditors: amounts falling due within one year 6 (194,335) (223,875)
Net current assets 138,405 237,334
Total assets less current liabilities 255,303 338,350
Creditors: amounts falling due after more than one year 7 (88,021) (130,271)
Provisions for liabilities (12,596) (5,340)
Net assets 154,686 202,739
Capital and reserves
Called up share capital 100 100
Profit and loss account 154,586 202,639
Shareholders' funds 154,686 202,739
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rita Maria FACCENDA
Director
Approved by the board on 8 January 2024
Ombler Leisure Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, and integral services associated with each transaction (food, drink, bar and table service). Turnover is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, and as the associated services are delivered.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment over 5 to 10 years
Fixtures and fittings over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 24 26
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 116,000
At 30 April 2023 116,000
Amortisation
At 1 May 2022 46,400
Provided during the year 5,800
At 30 April 2023 52,200
Net book value
At 30 April 2023 63,800
At 30 April 2022 69,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant equipment fixtures & fittings
£
Cost
At 1 May 2022 102,782
Additions 33,918
At 30 April 2023 136,700
Depreciation
At 1 May 2022 71,366
Charge for the year 12,236
At 30 April 2023 83,602
Net book value
At 30 April 2023 53,098
At 30 April 2022 31,416
5 Debtors 2023 2022
£ £
Amounts due from directors - 20,000
Other debtors 36,388 39,967
36,388 59,967
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 50,575 48,540
Trade creditors 58,900 75,807
Amounts due to directors (current account) 37 21
Taxation and social security costs 65,576 84,999
Pension contributions 995 921
Other creditors 18,252 13,587
194,335 223,875
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 88,021 130,271
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 1,572,641 1,674,451
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Rita Maria FACCENDA
Loan to director 10,000 - (10,000) -
Anthony GARDNER
Loan to director 10,000 - (10,000) -
20,000 - (20,000) -
10 Other information
Ombler Leisure Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bell Inn
Binton Road
Welford on Avon
Stratford Upon Avon
CV37 8EB
Ombler Leisure Limited 08702473 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 release 2 Rita Maria FACCENDA No description of principal activity 08702473 2021-05-01 2022-04-30 08702473 core:WithinOneYear 2022-04-30 08702473 core:AfterOneYear 2022-04-30 08702473 core:ShareCapital 2022-04-30 08702473 core:RetainedEarningsAccumulatedLosses 2022-04-30 08702473 core:AllPeriods 2022-04-30 08702473 2022-05-01 2023-04-30 08702473 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08702473 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 08702473 bus:Director40 2022-05-01 2023-04-30 08702473 1 2022-05-01 2023-04-30 08702473 2 2022-05-01 2023-04-30 08702473 core:Goodwill 2022-05-01 2023-04-30 08702473 core:PlantMachinery 2022-05-01 2023-04-30 08702473 bus:Director3 2022-05-01 2023-04-30 08702473 bus:Director3 1 2022-05-01 2023-04-30 08702473 bus:Director4 2022-05-01 2023-04-30 08702473 bus:Director4 1 2022-05-01 2023-04-30 08702473 countries:England 2022-05-01 2023-04-30 08702473 bus:FRS102 2022-05-01 2023-04-30 08702473 bus:FullAccounts 2022-05-01 2023-04-30 08702473 2023-04-30 08702473 core:WithinOneYear 2023-04-30 08702473 core:AfterOneYear 2023-04-30 08702473 core:ShareCapital 2023-04-30 08702473 core:RetainedEarningsAccumulatedLosses 2023-04-30 08702473 core:Goodwill 2023-04-30 08702473 core:PlantMachinery 2023-04-30 08702473 core:AllPeriods 2023-04-30 08702473 bus:Director3 1 2023-04-30 08702473 bus:Director4 1 2023-04-30 08702473 2022-04-30 08702473 core:Goodwill 2022-04-30 08702473 core:PlantMachinery 2022-04-30 08702473 bus:Director3 1 2022-04-30 08702473 bus:Director4 1 2022-04-30 iso4217:GBP xbrli:pure