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REGISTERED NUMBER: 06242116 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SAR LEISURE LIMITED

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

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


SAR LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J A Hughes
S J Hughes
Mrs J E Hughes





SECRETARY: J A Hughes





REGISTERED OFFICE: Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-On-Tees
TS18 3TU





REGISTERED NUMBER: 06242116 (England and Wales)

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 23,559 27,485
Tangible assets 5 502,706 190,435
526,265 217,920

CURRENT ASSETS
Debtors 16,101 4,744
Cash at bank and in hand 23,886 22,835
39,987 27,579
CREDITORS
Amounts falling due within one year 252,722 49,421
NET CURRENT LIABILITIES (212,735 ) (21,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,530

196,078

CREDITORS
Amounts falling due after more than one
year

739,117

562,693
NET LIABILITIES (425,587 ) (366,615 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (426,587 ) (367,615 )
SHAREHOLDERS' FUNDS (425,587 ) (366,615 )

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 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.

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

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 Statement of Income and Retained Earnings and 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:




J A Hughes - Director



S J Hughes - Director


SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

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


1. STATUTORY INFORMATION

SAR 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
Revenue represents income from gaming and amusement machines, net of prizes paid and Machine Games Duty. Income is recognised in the accounts weekly, when the gaming machines are emptied. At the financial year end a provision is made for income arising in the period from the date the machines were last emptied to the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.
Short leasehold - Over the term of the lease
Amusement machines - 25% on cost
Fixtures and fittings - 10% on cost

No depreciation has been charged in respect of freehold property, transferred from investment property. This is because the property was in the process of being fitted out for use by the company. Depreciation will be charged on the property in the year to 31 October 2023, when it comes into use.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

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


4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 November 2022
and 31 October 2023 78,525
AMORTISATION
At 1 November 2022 51,040
Amortisation for year 3,926
At 31 October 2023 54,966
NET BOOK VALUE

At 31 October 2023 23,559
At 31 October 2022 27,485

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 November 2022 471,762
Additions 374,042
At 31 October 2023 845,804
DEPRECIATION
At 1 November 2022 281,327
Charge for year 61,771
At 31 October 2023 343,098
NET BOOK VALUE
At 31 October 2023 502,706
At 31 October 2022 190,435

SAR LEISURE LIMITED (REGISTERED NUMBER: 06242116)

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


5. TANGIBLE FIXED ASSETS - continued

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

Totals
£
COST
At 1 November 2022 166,407
Additions 26,310
At 31 October 2023 192,717
DEPRECIATION
Charge for year 2,248
At 31 October 2023 2,248
NET BOOK VALUE
At 31 October 2023 190,469
At 31 October 2022 166,407

6. OTHER FINANCIAL COMMITMENTS

Financial commitments under operating leases at the year end amounted to £105,841 (2022: £57,384).