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REGISTERED NUMBER: 09865236 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RELAY LEISURE LTD

PREVIOUSLY KNOWN AS
TRELAY LEISURE PARK LIMITED

RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RELAY LEISURE LTD
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK 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: 09865236 (England and Wales)





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

RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,635,904
- 1,635,904

CURRENT ASSETS
Stocks - 68,000
Debtors 6 321,792 73,893
Cash at bank and in hand 2,716,633 653,756
3,038,425 795,649
CREDITORS
Amounts falling due within one year 7 1,275,485 1,477,698
NET CURRENT ASSETS/(LIABILITIES) 1,762,940 (682,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,762,940

953,855

CREDITORS
Amounts falling due after more than
one year

8

-

(419,265

)

PROVISIONS FOR LIABILITIES - (2,988 )
NET ASSETS 1,762,940 531,602

RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,762,840 531,502
1,762,940 531,602

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 Statement of Income and Retained Earnings 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


RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED

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

1. STATUTORY INFORMATION

Relay Leisure Ltd 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 2017, is being amortised evenly over its estimated useful life of five 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.

Plant and Machinery 20% Straight line
Furniture and Fittings20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED

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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 50,000
AMORTISATION
At 1 March 2022
and 28 February 2023 50,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 March 2022 1,620,176 75,251 3,011 1,698,438
Disposals (1,620,176 ) (75,251 ) (3,011 ) (1,698,438 )
At 28 February 2023 - - - -
DEPRECIATION
At 1 March 2022 - 59,855 2,679 62,534
Eliminated on disposal - (59,855 ) (2,679 ) (62,534 )
At 28 February 2023 - - - -
NET BOOK VALUE
At 28 February 2023 - - - -
At 28 February 2022 1,620,176 15,396 332 1,635,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,066 2,779
Other debtors 318,726 71,114
321,792 73,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 134,000
Trade creditors 34,886 97,499
Amounts owed to group undertakings 604,077 603,286
Taxation and social security 251,996 65,245
Other creditors 384,526 577,668
1,275,485 1,477,698

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 419,265

RELAY LEISURE LTD (REGISTERED NUMBER: 09865236)
PREVIOUSLY KNOWN AS TRELAY LEISURE PARK LIMITED

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

9. RELATED PARTY DISCLOSURES

Orleton Rise Park Ltd

A company under common control


During the year the company entered into transactions relating to costs recharged for administrative expenditure and stock from Orleton Rise Park Limited, a company under common control. The balance to Orleton Rise Park Limited amounted to £604,077 (2022 £603,286) and can be found within creditors amounts falling within one year.

2023 2022
£    £   
Amount due to related party at the balance sheet date 604,077 603,286

Unwind Leisure Limited

A company under common control


During the year the company entered into transactions relating to costs recharged for administrative expenditure and stock from Unwind Leisure Limited, a company under common control. The balance owed from Unwind Leisure Limited amounted to £2,799 (2022 (£61,355)) and can be found within trade and other receivables.

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