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REGISTERED NUMBER: 09120202 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023

FOR

EAST LONDON LEISURE LTD

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 AUGUST 2022 TO 30 JULY 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

STATEMENT OF FINANCIAL POSITION
30 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 156,046 176,716

CURRENT ASSETS
Inventories 13,273 11,470
Debtors 5 19,013 44,247
Cash at bank and in hand 149,644 155,715
181,930 211,432
CREDITORS
Amounts falling due within one year 6 70,227 89,269
NET CURRENT ASSETS 111,703 122,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,749

298,879

CREDITORS
Amounts falling due after more than one
year

7

(18,330

)

(28,337

)

PROVISIONS FOR LIABILITIES 8 (9,103 ) (9,372 )
NET ASSETS 240,316 261,170

CAPITAL AND RESERVES
Called up share capital 2,317 2,317
Share premium 215,084 215,084
Retained earnings 22,915 43,769
240,316 261,170

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 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.

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

STATEMENT OF FINANCIAL POSITION - continued
30 JULY 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 25 July 2024 and were signed on its behalf by:





Mr G J Whitlock - Director


EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 AUGUST 2022 TO 30 JULY 2023

1. STATUTORY INFORMATION

East London Leisure Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09120202

Registered office: 1 Kings Avenue
London
N21 3NA

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value, net of value added tax and discounts, of goods provided to customers and is
recognised when the risks and rewards of ownership have been transferred.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery - 25% on reducing balance.
Fixtures and fittings - 25% on reducing balance.
Short leasehold - Over 10 year period.

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.


EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 AUGUST 2022 TO 30 JULY 2023

2. ACCOUNTING POLICIES - continued
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 material 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.

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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2022 - 14 ) .

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 AUGUST 2022 TO 30 JULY 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 August 2022 211,143 130,646 341,789
Additions - 3,571 3,571
At 30 July 2023 211,143 134,217 345,360
DEPRECIATION
At 1 August 2022 78,218 86,855 165,073
Charge for period 13,293 10,948 24,241
At 30 July 2023 91,511 97,803 189,314
NET BOOK VALUE
At 30 July 2023 119,632 36,414 156,046
At 31 July 2022 132,925 43,791 176,716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 11,317
Other debtors 19,013 32,930
19,013 44,247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,159 10,000
Trade creditors 25,479 31,294
Taxation and social security 21,485 13,045
Other creditors 13,104 34,930
70,227 89,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,330 28,337

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,103 9,372

Deferred
tax
£   
Balance at 1 August 2022 9,372
Provided during period (269 )
Balance at 30 July 2023 9,103

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 AUGUST 2022 TO 30 JULY 2023

9. OTHER FINANCIAL COMMITMENTS

The company has annual financial commitments of £60,170 (2022: £60,170) for the next three years.

10. RELATED PARTY DISCLOSURES

Included within other creditors less than one year is Nil (2022: £24,130 ) due to the shareholders of the company.

Included within other creditors less than one year is an amount of £4,513 (2022: £8,551) due to the directors of the company. This loan was provided interest free and is repayable on demand.