IRIS Accounts Production v24.1.0.578 04079114 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040791142022-09-30040791142023-09-30040791142022-10-012023-09-30040791142021-09-30040791142021-10-012022-09-30040791142022-09-3004079114ns15:EnglandWales2022-10-012023-09-3004079114ns14:PoundSterling2022-10-012023-09-3004079114ns10:Director12022-10-012023-09-3004079114ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3004079114ns10:SmallEntities2022-10-012023-09-3004079114ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3004079114ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3004079114ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3004079114ns10:FullAccounts2022-10-012023-09-300407911412022-10-012023-09-3004079114ns10:OrdinaryShareClass12022-10-012023-09-3004079114ns10:Director22022-10-012023-09-3004079114ns10:CompanySecretary12022-10-012023-09-3004079114ns10:RegisteredOffice2022-10-012023-09-3004079114ns5:CurrentFinancialInstruments2022-09-3004079114ns5:CurrentFinancialInstruments2023-09-3004079114ns5:Non-currentFinancialInstruments2022-09-3004079114ns5:Non-currentFinancialInstruments2023-09-3004079114ns5:ShareCapital2022-09-3004079114ns5:ShareCapital2023-09-3004079114ns5:RetainedEarningsAccumulatedLosses2022-09-3004079114ns5:RetainedEarningsAccumulatedLosses2023-09-3004079114ns5:NetGoodwill2022-10-012023-09-3004079114ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3004079114ns5:LandBuildings2022-10-012023-09-3004079114ns5:PlantMachinery2022-10-012023-09-3004079114ns5:NetGoodwill2022-09-3004079114ns5:NetGoodwill2023-09-3004079114ns5:NetGoodwill2022-09-3004079114ns5:LandBuildings2022-09-3004079114ns5:PlantMachinery2022-09-3004079114ns5:LandBuildings2023-09-3004079114ns5:PlantMachinery2023-09-3004079114ns5:LandBuildings2022-09-3004079114ns5:PlantMachinery2022-09-3004079114ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-3004079114ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-012023-09-3004079114ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3004079114ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-3004079114ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3004079114ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3004079114ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3004079114ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3004079114ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3004079114ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-09-3004079114ns5:HirePurchaseContracts2023-09-3004079114ns5:HirePurchaseContracts2022-09-3004079114ns5:WithinOneYear2023-09-3004079114ns5:WithinOneYear2022-09-3004079114ns5:BetweenOneFiveYears2023-09-3004079114ns5:BetweenOneFiveYears2022-09-3004079114ns5:MoreThanFiveYears2023-09-3004079114ns5:MoreThanFiveYears2022-09-3004079114ns5:AllPeriods2023-09-3004079114ns5:AllPeriods2022-09-3004079114ns10:OrdinaryShareClass12023-09-3004079114ns5:RetainedEarningsAccumulatedLosses2022-09-3004079114ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-30
REGISTERED NUMBER: 04079114 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2023

for

Rios Leisure Limited

Rios Leisure Limited (Registered number: 04079114)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rios Leisure Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: T N Mapp
P Mapp





SECRETARY: Mrs C Mapp-Pope





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 04079114 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Rios Leisure Limited (Registered number: 04079114)

Balance Sheet
30 September 2023

30.9.22 30.9.23
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
132,326 Tangible assets 5 165,610
132,326 165,610

CURRENT ASSETS
1,400 Stocks 1,400
3,958 Debtors 6 17,799
13,821 Cash at bank and in hand 16,713
19,179 35,912
CREDITORS
166,074 Amounts falling due within one year 7 158,292
(146,895 ) NET CURRENT LIABILITIES (122,380 )
(14,569 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

43,230

CREDITORS
2,055 Amounts falling due after more than one
year

8

40,685
(16,624 ) NET ASSETS/(LIABILITIES) 2,545

CAPITAL AND RESERVES
100 Called up share capital 11 100
(16,724 ) Retained earnings 12 2,445
(16,624 ) SHAREHOLDERS' FUNDS 2,545

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 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.

Rios Leisure Limited (Registered number: 04079114)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





P Mapp - Director


Rios Leisure Limited (Registered number: 04079114)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Rios 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.

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 2001, 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its location and condition.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


Rios Leisure Limited (Registered number: 04079114)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The financial statements have been prepared on a going concern basis.

At the balance sheet date the company was insolvent. The directors have considered the company's position and anticipate that it will be able to meet current and future liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 115,000
AMORTISATION
At 1 October 2022
and 30 September 2023 115,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

Rios Leisure Limited (Registered number: 04079114)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 October 2022 334,005 119,170 214,835
Additions 53,926 50,412 3,514
At 30 September 2023 387,931 169,582 218,349
DEPRECIATION
At 1 October 2022 201,679 24,380 177,299
Charge for year 20,642 10,771 9,871
At 30 September 2023 222,321 35,151 187,170
NET BOOK VALUE
At 30 September 2023 165,610 134,431 31,179
At 30 September 2022 132,326 94,790 37,536

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 6,850
DEPRECIATION
At 1 October 2022 4,682
Charge for year 542
At 30 September 2023 5,224
NET BOOK VALUE
At 30 September 2023 1,626
At 30 September 2022 2,168

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 483 170
Other debtors 17,316 3,788
17,799 3,958

Rios Leisure Limited (Registered number: 04079114)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts (see note 9) 1,370 1,370
Trade creditors 47,063 74,122
Taxation and social security 38,242 52,825
Other creditors 71,617 37,757
158,292 166,074

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts (see note 9) 685 2,055
Other creditors 40,000 -
40,685 2,055

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 1,370 1,370
Between one and five years 685 2,055
2,055 3,425

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 82,500 82,500
Between one and five years 330,000 330,000
In more than five years 82,500 165,000
495,000 577,500

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Hire purchase contracts 2,055 3,425

The debt is secured on the vehicles purchased.

Rios Leisure Limited (Registered number: 04079114)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 October 2022 (16,724 )
Profit for the year 19,169
At 30 September 2023 2,445