IRIS Accounts Production v23.3.1.45 SC385547 director 1.10.22 30.9.23 30.9.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3855472022-09-30SC3855472023-09-30SC3855472022-10-012023-09-30SC3855472021-09-30SC3855472021-10-012022-09-30SC3855472022-09-30SC385547ns14:PoundSterlingns10:Original2022-10-012023-09-30SC385547ns10:Originalns10:Director12022-10-012023-09-30SC385547ns10:Original2022-10-012023-09-30SC385547ns10:Original2023-09-30SC385547ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-30SC385547ns10:Originalns10:SmallEntities2022-10-012023-09-30SC385547ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-30SC385547ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-30SC385547ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-30SC385547ns10:Originalns10:FullAccounts2022-10-012023-09-30SC385547ns10:Original2021-10-012022-09-30SC385547ns10:Original2022-09-30SC385547ns10:Originalns5:CurrentFinancialInstruments2023-09-30SC385547ns10:Originalns5:CurrentFinancialInstruments2022-09-30SC385547ns5:ShareCapitalns10:Original2023-09-30SC385547ns5:ShareCapitalns10:Original2022-09-30SC385547ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-30SC385547ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-30SC385547ns10:Originalns5:CostValuation2022-09-30SC385547ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30SC385547ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30
REGISTERED NUMBER: SC385547















LEFT FIELD LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






LEFT FIELD LEISURE LIMITED (REGISTERED NUMBER: SC385547)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


LEFT FIELD LEISURE LIMITED (REGISTERED NUMBER: SC385547)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 308,022 308,022

CURRENT ASSETS
Debtors 5 30 30

CREDITORS
Amounts falling due within one year 6 283,223 285,108
NET CURRENT LIABILITIES (283,193 ) (285,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,829

22,944

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 4,829 2,944
SHAREHOLDERS' FUNDS 24,829 22,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:




I A Cohen - Director


LEFT FIELD LEISURE LIMITED (REGISTERED NUMBER: SC385547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Left Field Leisure Limited is a private company, limited by shares, registered in Scotland. The company's registered office is 72 Spiersbridge Road, Thornliebank, Glasgow, G46 7SN.

The financial statements are presented in Sterling (£).

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.

There were no material departures from this standard.

Preparation of consolidated financial statements
The financial statements contain information about Left Field Leisure Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 399 (2A) of the Companies Act 2006 not to prepare consolidated financial statements.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The director considers there are no such significant judgements.

Turnover
Turnover represents management charges for the year to the company's subsidiary undertaking.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like loans from related parties. Debt instruments like loans are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand and deposits held at call with banks. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.


LEFT FIELD LEISURE LIMITED (REGISTERED NUMBER: SC385547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Investments
Fixed asset investments are included at cost less any provision for the permanent diminution in the value of the shares held.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2022
and 30 September 2023 308,022
NET BOOK VALUE
At 30 September 2023 308,022
At 30 September 2022 308,022

LEFT FIELD LEISURE LIMITED (REGISTERED NUMBER: SC385547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 30 30

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 281,599 258,939
Taxation and social security 894 439
Other creditors 730 25,730
283,223 285,108

7. RELATED PARTY DISCLOSURES

At 30 September 2023, the balance due to the director by the company was £72 (2022: £25,072). This loan is unsecured, interest free and is repayable on demand.