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REGISTERED NUMBER: 07636049 (England and Wales)















Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2023

for

Nice Leisure Holdings Limited

Nice Leisure Holdings Limited (Registered number: 07636049)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Statement of Financial Position 4

Company Statement of Financial Position 6

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Notes to the Consolidated Financial Statements 10


Nice Leisure Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Petrouis





REGISTERED OFFICE: Muckley Corner House
Walsall Road
Lichfield
Staffordshire
WS14 0BG





REGISTERED NUMBER: 07636049 (England and Wales)





ACCOUNTANT: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

Nice Leisure Holdings Limited (Registered number: 07636049)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of a holding company.

DIRECTOR
M Petrouis held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Petrouis - Director


29 February 2024

Nice Leisure Holdings Limited (Registered number: 07636049)

Consolidated Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 910,522 1,843,602

Cost of sales - 787,413
GROSS PROFIT 910,522 1,056,189

Administrative expenses 624,657 (282,236 )
285,865 1,338,425

Other operating income 63,981 56,782
OPERATING PROFIT 4 349,846 1,395,207

Interest receivable and similar income 11 11
349,857 1,395,218

Interest payable and similar expenses 231,296 226,409
PROFIT BEFORE TAXATION 118,561 1,168,809

Tax on profit 61,905 (73,178 )
PROFIT FOR THE FINANCIAL
YEAR

56,656

1,241,987

Profit attributable to:
Owners of the parent 56,656 1,241,987

Nice Leisure Holdings Limited (Registered number: 07636049)

Consolidated Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 1,250 16,250
Tangible assets 7 15,585,626 15,631,306
Investments 8 490,040 490,018
16,076,916 16,137,574

CURRENT ASSETS
Debtors 9 970,940 691,089
Cash at bank 71,087 39,947
1,042,027 731,036
CREDITORS
Amounts falling due within one year 10 6,248,822 6,057,299
NET CURRENT LIABILITIES (5,206,795 ) (5,326,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,870,121

10,811,311

CREDITORS
Amounts falling due after more than one
year

11

(3,389,820

)

(3,411,570

)

PROVISIONS FOR LIABILITIES (378,357 ) (316,453 )
NET ASSETS 7,101,944 7,083,288

Nice Leisure Holdings Limited (Registered number: 07636049)

Consolidated Statement of Financial Position - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 30,001 30,001
Fair value reserve 12 2,209,520 2,209,520
Retained earnings 4,862,423 4,843,767
SHAREHOLDERS' FUNDS 7,101,944 7,083,288

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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





M Petrouis - Director


Nice Leisure Holdings Limited (Registered number: 07636049)

Company Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 - -
Investments 8 30,001 30,001
30,001 30,001

CURRENT ASSETS
Debtors 9 1,053 1,053

CREDITORS
Amounts falling due within one year 10 1,053 1,053
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,001

30,001

CAPITAL AND RESERVES
Called up share capital 30,001 30,001
SHAREHOLDERS' FUNDS 30,001 30,001

Company's profit for the financial year 38,000 -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Nice Leisure Holdings Limited (Registered number: 07636049)

Company Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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





M Petrouis - Director


Nice Leisure Holdings Limited (Registered number: 07636049)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up Fair
share Retained value Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 January 2022 - 3,601,780 2,805,115 6,406,895

Changes in equity
Issue of share capital 30,001 - - 30,001
Total comprehensive income - 1,241,987 (595,595 ) 646,392
Balance at 31 December 2022 30,001 4,843,767 2,209,520 7,083,288

Changes in equity
Dividends - (38,000 ) - (38,000 )
Total comprehensive income - 56,656 - 56,656
Balance at 31 December 2023 30,001 4,862,423 2,209,520 7,101,944

Nice Leisure Holdings Limited (Registered number: 07636049)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 30,001 - 30,001
Balance at 31 December 2022 30,001 - 30,001

Changes in equity
Dividends - (38,000 ) (38,000 )
Total comprehensive income - 38,000 38,000
Balance at 31 December 2023 30,001 - 30,001

Nice Leisure Holdings Limited (Registered number: 07636049)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nice Leisure Holdings 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 General 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 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.


Nice Leisure Holdings Limited (Registered number: 07636049)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 223,152 272,837
Goodwill amortisation 15,000 28,500

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


Nice Leisure Holdings Limited (Registered number: 07636049)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

6. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 546,338
AMORTISATION
At 1 January 2023 530,088
Charge for year 15,000
At 31 December 2023 545,088
NET BOOK VALUE
At 31 December 2023 1,250
At 31 December 2022 16,250

7. TANGIBLE FIXED ASSETS

Group
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 14,903,833 2,440,999 17,344,832
Additions 90,448 87,024 177,472
At 31 December 2023 14,994,281 2,528,023 17,522,304
DEPRECIATION
At 1 January 2023 488,505 1,225,021 1,713,526
Charge for year 149,103 74,049 223,152
At 31 December 2023 637,608 1,299,070 1,936,678
NET BOOK VALUE
At 31 December 2023 14,356,673 1,228,953 15,585,626
At 31 December 2022 14,415,328 1,215,978 15,631,306

Nice Leisure Holdings Limited (Registered number: 07636049)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

8. FIXED ASSET INVESTMENTS

Group
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 490,018 - 490,018
Additions - 490,040 490,040
Disposals (490,018 ) - (490,018 )
At 31 December 2023 - 490,040 490,040
NET BOOK VALUE
At 31 December 2023 - 490,040 490,040
At 31 December 2022 490,018 - 490,018
Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 30,001
NET BOOK VALUE
At 31 December 2023 30,001
At 31 December 2022 30,001

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

Nice Leisure Limited
Registered office:
Nature of business: Property rental
%
Class of shares: holding
Ordinary 100.00

P I Property Development Ltd
Registered office:
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00

Nice Leisure Holdings Limited (Registered number: 07636049)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

8. FIXED ASSET INVESTMENTS - continued


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 28,374 9,000 - -
Amounts owed by group undertakings - - 1,053 1,053
Other debtors 942,566 682,089 - -
970,940 691,089 1,053 1,053

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Bank loans and overdrafts 21,750 9,000 - -
Trade creditors 139,243 95,636 - -
Amounts owed to group undertakings - 704,722 - -
Taxation and social security 654,274 728,735 - -
Other creditors 5,433,555 4,519,206 1,053 1,053
6,248,822 6,057,299 1,053 1,053

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group
31.12.23 31.12.22
£    £   
Bank loans 3,389,820 3,411,570

12. RESERVES

Group
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 2,209,520