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REGISTERED NUMBER: 03895612 (England and Wales)















GREENHILLS LEISURE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


GREENHILLS LEISURE LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr J A Green
Mrs J E Green





SECRETARY: Mrs J E Green





REGISTERED OFFICE: Crowhill Lane
Bakewell
Derbyshire
DE45 1PX





REGISTERED NUMBER: 03895612 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 483,071 531,378
Tangible assets 5 523,005 462,780
1,006,076 994,158

CURRENT ASSETS
Stocks 500 500
Debtors 516,068 423,873
Cash at bank and in hand 448,638 390,205
965,206 814,578
CREDITORS
Amounts falling due within one year (330,448 ) (289,673 )
NET CURRENT ASSETS 634,758 524,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,640,834

1,519,063

CREDITORS
Amounts falling due after more than one
year

(45,792

)

(36,403

)

PROVISIONS FOR LIABILITIES (91,471 ) (98,862 )
NET ASSETS 1,503,571 1,383,798

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,503,567 1,383,794
SHAREHOLDERS' FUNDS 1,503,571 1,383,798

GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

ABRIDGED BALANCE SHEET - continued
31 December 2023


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.

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 December 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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr J A Green - Director


GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Greenhills 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.

The financial statements have been prepared on the going concern principle. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

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

Intangible fixed assets
Intangible fixed assets are being amortised on a straight line basis over the remaining length of the lease. The leasehold improvement costs are measured on a revaluation basis.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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.

GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1,249,064
AMORTISATION
At 1 January 2023 717,686
Amortisation for year 48,307
At 31 December 2023 765,993
NET BOOK VALUE

At 31 December 2023 483,071
At 31 December 2022 531,378

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2012 1,099,064
Cost 150,000
1,249,064

GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 946,564
Additions 122,921
At 31 December 2023 1,069,485
DEPRECIATION
At 1 January 2023 483,784
Charge for year 62,696
At 31 December 2023 546,480
NET BOOK VALUE
At 31 December 2023 523,005
At 31 December 2022 462,780

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

Totals
£   
COST
At 1 January 2023 47,291
Additions 34,792
At 31 December 2023 82,083
DEPRECIATION
At 1 January 2023 10,283
Charge for year 11,835
At 31 December 2023 22,118
NET BOOK VALUE
At 31 December 2023 59,965
At 31 December 2022 37,008

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,590 69,692

The company's bankers have taken security through fixed and floating charges over the company's assets.

GREENHILLS LEISURE LIMITED (REGISTERED NUMBER: 03895612)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


7. OTHER FINANCIAL COMMITMENTS

The company has an operating lease commitment in respect of the lease of the business premises. Rent is charged at a rate of 6% of turnover annually. At the year end the lease had 10 years to run.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end loans owing from the directors to the company totalled £28,820 (2022: £Nil). The loans are unsecured and repayable on demand. Interest is charged by the company at 2.25% per annum.

9. RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, by virtue of their shareholdings.

11. RESERVES

Retained earnings include £400,439 (2022: £434,250) of non distributable reserves.