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REGISTERED NUMBER: 07889767 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2022 to 30 September 2023

for

South Leisure Ltd

South Leisure Ltd (Registered number: 07889767)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

South Leisure Ltd

Company Information
for the Period 1 April 2022 to 30 September 2023







DIRECTORS: A Potter
S M Clarke





REGISTERED OFFICE: Unit B1 Hazleton Interchange
Lakesmere Road
Waterlooville
Hampshire
PO8 9JU





REGISTERED NUMBER: 07889767 (England and Wales)





ACCOUNTANTS: Year-End Resolutions Ltd
177 Nyetimber Lane
Bognor Regis
West Sussex
PO21 3HT

South Leisure Ltd (Registered number: 07889767)

Statement of Financial Position
30 September 2023

30.9.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 277 426

CURRENT ASSETS
Debtors 5 40,374 46,369

CREDITORS
Amounts falling due within one year 6 40,248 43,168
NET CURRENT ASSETS 126 3,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

403

3,627

PROVISIONS FOR LIABILITIES 53 81
NET ASSETS 350 3,546

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 348 3,544
SHAREHOLDERS' FUNDS 350 3,546

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 12 April 2024 and were signed on its behalf by:





A Potter - Director


South Leisure Ltd (Registered number: 07889767)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 September 2023

1. STATUTORY INFORMATION

South 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

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 period 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 period was 2 (2022 - NIL ) .

South Leisure Ltd (Registered number: 07889767)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 30 September 2023 6,124
DEPRECIATION
At 1 April 2022 5,698
Charge for period 149
At 30 September 2023 5,847
NET BOOK VALUE
At 30 September 2023 277
At 31 March 2022 426

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 31.3.22
£    £   
Trade debtors 40,374 41,367
Other debtors - 5,002
40,374 46,369

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 31.3.22
£    £   
Bank loans and overdrafts 13,760 9,300
Trade creditors 1,144 1,939
Taxation and social security 12,881 18,395
Other creditors 12,463 13,534
40,248 43,168

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 31.3.22
£    £   
Bank overdrafts 13,760 9,300

The bank overdraft is secured by personal guarantees from the directors.

South Leisure Ltd (Registered number: 07889767)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

8. RELATED PARTY DISCLOSURES

UK Hot Tubs Ltd

The directors are also directors and majority shareholders in UK Hot Tubs Ltd.

During the year the company made sales to UK Hot Tubs Ltd in the sum of £58,560 (2022: £112,752).

At the balance sheet date the amounting outstanding from UK Hot tubs Ltd was £40,374 (2022: £41,367).





9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who own 100% of the issued share capital.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
South Leisure Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South Leisure Ltd for the period ended 30 September 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of South Leisure Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South Leisure Ltd and state those matters that we have agreed to state to the Board of Directors of South Leisure Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that South Leisure Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of South Leisure Ltd. You consider that South Leisure Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of South Leisure Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Year-End Resolutions Ltd
177 Nyetimber Lane
Bognor Regis
West Sussex
PO21 3HT


Date: .............................................