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REGISTERED NUMBER: 09065322 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

STRENSON LEISURE LIMITED

STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRENSON LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: Mr A J Coombes





REGISTERED OFFICE: 8 Ann Street
Worthing
West Sussex
BN11 1NX





REGISTERED NUMBER: 09065322 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)

BALANCE SHEET
30TH JUNE 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
139,992 Intangible assets 4 119,993
1,778,432 Tangible assets 5 2,133,508
1,918,424 2,253,501

CURRENT ASSETS
18,700 Stocks 24,000
216,599 Debtors 6 309,297
512,871 Cash at bank 290,820
748,170 624,117
CREDITORS
1,302,754 Amounts falling due within one year 7 1,259,760
(554,584 ) NET CURRENT LIABILITIES (635,643 )
1,363,840 TOTAL ASSETS LESS CURRENT LIABILITIES 1,617,858

CREDITORS

(350,409

)
Amounts falling due after more than one
year

8

(246,632

)

(35,903 ) PROVISIONS FOR LIABILITIES 9 (48,894 )
977,528 NET ASSETS 1,322,332

CAPITAL AND RESERVES
10 Called up share capital 10 10
977,518 Retained earnings 1,322,322
977,528 SHAREHOLDERS' FUNDS 1,322,332

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)

BALANCE SHEET - continued
30TH JUNE 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th February 2024 and were signed by:





Mr A J Coombes - Director


STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Strenson Leisure Limited 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.

The presentation currency of the financial statements is the Pound 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.

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 2019, is being amortised evenly over its estimated useful life of ten 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 etc - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Leasehold - 4% on 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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)

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

2. ACCOUNTING POLICIES - continued

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 127 (2022 - 73 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 199,989
AMORTISATION
At 1st July 2022 59,997
Charge for year 19,999
At 30th June 2023 79,996
NET BOOK VALUE
At 30th June 2023 119,993
At 30th June 2022 139,992

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1st July 2022 2,215,274 1,695,186 520,088
Additions 490,995 433,627 57,368
Disposals (666 ) - (666 )
At 30th June 2023 2,705,603 2,128,813 576,790
DEPRECIATION
At 1st July 2022 436,842 105,717 331,125
Charge for year 135,570 85,162 50,408
Eliminated on disposal (317 ) - (317 )
At 30th June 2023 572,095 190,879 381,216
NET BOOK VALUE
At 30th June 2023 2,133,508 1,937,934 195,574
At 30th June 2022 1,778,432 1,589,469 188,963

STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)

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

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors - 156,000
Other debtors 273,207 29,349
273,207 185,349

Amounts falling due after more than one year:
Other debtors 36,090 31,250

Aggregate amounts 309,297 216,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 80,000 80,000
Trade creditors 330,064 334,127
Taxation and social security 237,359 171,611
Other creditors 612,337 717,016
1,259,760 1,302,754

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 226,749 306,667
Other creditors 19,883 43,742
246,632 350,409

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 48,894 35,903

Deferred
tax
£   
Balance at 1st July 2022 35,903
Provided during year 12,991
Movement in year
Balance at 30th June 2023 48,894

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10 Ordinary £1.00 10 10

STRENSON LEISURE LIMITED (REGISTERED NUMBER: 09065322)

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

11. RELATED PARTY DISCLOSURES

During the year the company was charged rent of £259,500 (2022 £180,000) by Strenson Investments Ltd, a company in which shares a common director shareholder.

As at the balance sheet date the company owed Strenson Investments Ltd £360,714 (2022 £440,710). No interest is charged.

At the balance sheet date the company owed £14,275 (2021 £828 owed from) to Strenson Fitness Ltd, who are also an associated company.

12. CONTROLLING PARTY

The controlling party is Mr A J Coombes.