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REGISTERED NUMBER: 02388478 (England and Wales)















ANCASTER LEISURE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


ANCASTER LEISURE ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L Johnson
Mrs D Johnson
R L Johnson
M Hotchkins



SECRETARY: Mrs D Johnson



REGISTERED OFFICE: Wood Lodge
Pitts Hill Farm
Ancaster
Grantham
Lincolnshire
NG32 3PY



REGISTERED NUMBER: 02388478 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Lloyds Bank
2 North Gate
Sleaford
Lincolnshire
NG347BL

ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,984,965 1,778,304
Investment property 5 380,000 380,000
2,364,965 2,158,304

CURRENT ASSETS
Stocks 88,575 28,000
Debtors 6 45,842 16,623
Cash at bank 525,062 943,267
659,479 987,890
CREDITORS
Amounts falling due within one year 7 62,609 142,042
NET CURRENT ASSETS 596,870 845,848
TOTAL ASSETS LESS CURRENT LIABILITIES 2,961,835 3,004,152

CREDITORS
Amounts falling due after more than one year 8 (254,709 ) (492,878 )

PROVISIONS FOR LIABILITIES (95,248 ) (40,840 )
NET ASSETS 2,611,878 2,470,434

CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 11 116,997 116,997
Retained earnings 2,494,681 2,353,237
SHAREHOLDERS' FUNDS 2,611,878 2,470,434

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 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.

ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 11 March 2024 and were signed on its behalf by:





R L Johnson - Director


ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ancaster Leisure Enterprises 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of consideration received for net invoiced sales of leisure activities and crop produce, excluding value added tax.

Turnover from leisure activities is recognised on the day of provision and sales of produce are recognised on despatch.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings-4% on cost and Nil
Property improvements-10 years straight line
Plant and machinery etc-50% on reducing balance, 25% on reducing balance

Property, plant and equipment assets are held at cost less accumulated depreciation.

Investment property
Investment properties are revalued annually and any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and fair value less costs to sell, 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 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 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.

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.

ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,935,885 595,793 2,531,678
Additions - 327,239 327,239
Disposals - (300,358 ) (300,358 )
At 31 December 2023 1,935,885 622,674 2,558,559
DEPRECIATION
At 1 January 2023 258,498 494,876 753,374
Charge for year 15,614 55,580 71,194
Eliminated on disposal - (250,974 ) (250,974 )
At 31 December 2023 274,112 299,482 573,594
NET BOOK VALUE
At 31 December 2023 1,661,773 323,192 1,984,965
At 31 December 2022 1,677,387 100,917 1,778,304

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 380,000
NET BOOK VALUE
At 31 December 2023 380,000
At 31 December 2022 380,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 133,251
Cost 246,749
380,000

The investment properties were valued by the directors having considered the fair values of recent, comparable property sales in the local area.

ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,072 -
Other debtors 8,837 -
Directors' loan accounts - 2,878
Prepayments and accrued income 22,933 13,745
45,842 16,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,568 51,333
Trade creditors 7,087 13,996
Taxation 3,467 52,276
Other taxes and social security 5,632 15,939
Other creditors 1,375 1,375
Directors' loan accounts 2,702 -
Accrued expenses 12,778 7,123
62,609 142,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 31,319 53,667
Bank loans - 2-5 years 105,535 176,213
Bank loans more than 5 years 117,855 262,998
254,709 492,878

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 117,855 262,998

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 284,277 544,211

Bank loans are secured by fixed and floating charges over the company's assets.

ANCASTER LEISURE ENTERPRISES LIMITED (REGISTERED NUMBER: 02388478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary £1 102 102
98 A Ordinary £1 98 98
200 200

11. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 116,997

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

20232022
£ £
Balance outstanding at start of year2,8781,610
Amounts advanced26,268
Amounts repaid(2,878)(25,000)
Balance outstanding at end of year-2,878
The loan made was unsecured, interest free and repayable on demand.

13. POST BALANCE SHEET EVENTS

Subsequent to the year end the company approved dividends of £35,000.