IRIS Accounts Production v24.1.4.33 10123762 director 1.11.22 31.10.23 31.10.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101237622022-10-31101237622023-10-31101237622022-11-012023-10-31101237622021-10-31101237622021-11-012022-10-31101237622022-10-3110123762ns15:EnglandWales2022-11-012023-10-3110123762ns14:PoundSterling2022-11-012023-10-3110123762ns10:Director12022-11-012023-10-3110123762ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3110123762ns10:SmallEntities2022-11-012023-10-3110123762ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3110123762ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3110123762ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3110123762ns10:AbridgedAccounts2022-11-012023-10-311012376212022-11-012023-10-3110123762ns10:OrdinaryShareClass12022-11-012023-10-3110123762ns10:RegisteredOffice2022-11-012023-10-3110123762ns5:CurrentFinancialInstruments2023-10-3110123762ns5:CurrentFinancialInstruments2022-10-3110123762ns5:Non-currentFinancialInstruments2023-10-3110123762ns5:Non-currentFinancialInstruments2022-10-3110123762ns5:ShareCapital2023-10-3110123762ns5:ShareCapital2022-10-3110123762ns5:RevaluationReserve2023-10-3110123762ns5:RevaluationReserve2022-10-3110123762ns5:RetainedEarningsAccumulatedLosses2023-10-3110123762ns5:RetainedEarningsAccumulatedLosses2022-10-3110123762ns5:NetGoodwill2022-11-012023-10-3110123762ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3110123762ns5:PlantMachinery2022-11-012023-10-3110123762ns5:FurnitureFittings2022-11-012023-10-3110123762ns5:MotorVehicles2022-11-012023-10-3110123762ns5:ComputerEquipment2022-11-012023-10-3110123762ns5:Secured2023-10-3110123762ns5:Secured2022-10-3110123762ns5:DeferredTaxation2022-10-3110123762ns5:DeferredTaxation2022-11-012023-10-3110123762ns5:DeferredTaxation2023-10-3110123762ns10:OrdinaryShareClass12023-10-3110123762ns5:RevaluationReserve2022-10-31101237621ns10:Director12022-10-31101237621ns10:Director12021-10-31101237621ns10:Director12022-11-012023-10-31101237621ns10:Director12021-11-012022-10-31101237621ns10:Director12023-10-31101237621ns10:Director12022-10-31
REGISTERED NUMBER: 10123762 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Diverse Leisure Limited

Diverse Leisure Limited (Registered number: 10123762)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Diverse Leisure Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr N P Bracey





REGISTERED OFFICE: 14 Winstones Road
Barrow Gurney
Bristol
BS48 3AL





REGISTERED NUMBER: 10123762 (England and Wales)





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

Diverse Leisure Limited (Registered number: 10123762)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,200 53,600
Tangible assets 5 3,232,739 3,035,985
3,272,939 3,089,585

CURRENT ASSETS
Debtors 2,188,003 1,380,457
Cash at bank 2,058 18,424
2,190,061 1,398,881
CREDITORS
Amounts falling due within one year 1,583,872 1,474,070
NET CURRENT ASSETS/(LIABILITIES) 606,189 (75,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,879,128

3,014,396

CREDITORS
Amounts falling due after more than one
year

(1,604,730

)

(836,515

)

PROVISIONS FOR LIABILITIES 7 (193,647 ) (170,699 )
NET ASSETS 2,080,751 2,007,182

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 396,867 363,092
Retained earnings 1,683,784 1,643,990
SHAREHOLDERS' FUNDS 2,080,751 2,007,182

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

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

Diverse Leisure Limited (Registered number: 10123762)

Abridged Balance Sheet - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed by:





Mr N P Bracey - Director


Diverse Leisure Limited (Registered number: 10123762)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Diverse 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 as modified by the revaluation of certain assets.

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 2017, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Diverse Leisure Limited (Registered number: 10123762)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 134,000
AMORTISATION
At 1 November 2022 80,400
Amortisation for year 13,400
At 31 October 2023 93,800
NET BOOK VALUE

At 31 October 2023 40,200
At 31 October 2022 53,600

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 3,267,844
Additions 225,416
Disposals (33,333 )
Revaluations 45,034
At 31 October 2023 3,504,961
DEPRECIATION
At 1 November 2022 231,859
Charge for year 47,029
Eliminated on disposal (6,666 )
At 31 October 2023 272,222
NET BOOK VALUE
At 31 October 2023 3,232,739
At 31 October 2022 3,035,985

Included in cost or valuation of land and buildings is freehold land of £ 456,000 (2022 - £ 456,000 ) which is not depreciated.

Diverse Leisure Limited (Registered number: 10123762)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2023 is represented by:

Totals
£   
Valuation in 2019 8,286
Valuation in 2020 (9,042 )
Valuation in 2021 362,791
Valuation in 2022 122,089
Valuation in 2023 45,034
Cost 2,975,803
3,504,961

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 1,014,136 1,014,136

Value of land in freehold land and buildings 1,014,136 1,014,136

Freehold land and buildings were valued on an open market basis on 31 October 2023 by the director .

Freehold land and buildings were revalued by the Director.

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 1,590,583 1,026,667

The bank loans are secured by fixed and floating debentures dated 16 June 2020, 27 May 2021 and 18 October 2022. The floating charges are secured over all assets of the company.

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 193,647 170,699

Deferred
tax
£   
Balance at 1 November 2022 170,699
Charge to Income Statement during year 22,948
Balance at 31 October 2023 193,647

Diverse Leisure Limited (Registered number: 10123762)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022 363,092
Revaluation movement in year 33,775

At 31 October 2023 396,867

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr N P Bracey
Balance outstanding at start of year (95,065 ) (23,268 )
Amounts advanced 169,064 -
Amounts repaid - (71,797 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,999 (95,065 )

11. RELATED PARTY DISCLOSURES

During the year under review the company charged rent to Windmill Sporting Ltd amounting to £110,400 (2022 £98,000), software charges amounting to £15,241 (2022 £15,241) and electricity charges of £22,458 (2022 £3,258). The company is connected as it has common directors and shareholders.