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Registered number: 12156215
Hudson Leisure Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Carroll Accountants
Unit L, BPI House
Cores End Road
Bourne End
Buckinghamshire
SL8 5AS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12156215
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 155,833 183,333
Tangible Assets 5 903,957 654,509
1,059,790 837,842
CURRENT ASSETS
Stocks 6 13,888 18,647
Debtors 7 17,861 3,093
Cash at bank and in hand 22,879 87,976
54,628 109,716
Creditors: Amounts Falling Due Within One Year 8 (581,921 ) (579,144 )
NET CURRENT ASSETS (LIABILITIES) (527,293 ) (469,428 )
TOTAL ASSETS LESS CURRENT LIABILITIES 532,497 368,414
Creditors: Amounts Falling Due After More Than One Year 9 (516,233 ) (611,703 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (70,951 ) -
NET LIABILITIES (54,687 ) (243,289 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 212,855 -
Profit and Loss Account (267,642 ) (243,389 )
SHAREHOLDERS' FUNDS (54,687) (243,289)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jamie Woodman
Director
09/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Hudson Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12156215 . The registered office is 31 Oakdale Road, Downend, Bristol, BS16 6DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Freehold Land & Buildings have been revalued based on a total business valuation provided by RA Elson Commercial. We have assumed the Goodwill value included in this valuation to be unchanged since the purchase of the business, and we have revalued the Land & Building accordingly.  This is a draft revaluation which will be independently verified before the accounts are signed off.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 18)
15 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 275,000
As at 31 March 2024 275,000
Amortisation
As at 1 April 2023 91,667
Provided during the period 27,500
As at 31 March 2024 119,167
Net Book Value
As at 31 March 2024 155,833
As at 1 April 2023 183,333
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2023 514,500 43,654 37,807 132,231 728,192
Additions - 3,256 - 2,891 6,147
Disposals - (18,333 ) - - (18,333 )
Revaluation 283,806 - - - 283,806
As at 31 March 2024 798,306 28,577 37,807 135,122 999,812
Depreciation
As at 1 April 2023 - 13,630 16,541 43,512 73,683
Provided during the period - 7,475 5,317 13,548 26,340
Disposals - (4,168 ) - - (4,168 )
As at 31 March 2024 - 16,937 21,858 57,060 95,855
Net Book Value
As at 31 March 2024 798,306 11,640 15,949 78,062 903,957
As at 1 April 2023 514,500 30,024 21,266 88,719 654,509
6. Stocks
2024 2023
£ £
Stock 13,888 18,647
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7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 11,626 3,093
Amounts owed by group undertakings 6,235 -
17,861 3,093
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,234 46,088
Trade creditors 32,552 11,514
Bank loans and overdrafts 10,000 10,000
Other loans 23,000 42,364
Other taxes and social security 19,746 8,486
VAT 20,628 12,895
Net wages 1,402 -
Other creditors 109 467
Accruals and deferred income 6,700 5,500
Directors' loan accounts 427,550 441,830
581,921 579,144
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,306 68,540
Bank loans 17,018 21,667
Other loans 470,909 521,496
516,233 611,703
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,234 46,088
Later than one year and not later than five years 28,306 68,540
68,540 114,628
68,540 114,628
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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12. Reserves
Revaluation Reserve
£
Surplus on revaluation 212,855
As at 31 March 2024 212,855
13. Related Party Transactions
Whistlefield Leisure LtdA company wholly owned by Mr Jamie WoodmanAmounts owed by Whistlefield Leisure Ltd as at 31 March 2024 £6235 (2022: £nil)

Whistlefield Leisure Ltd

A company wholly owned by Mr Jamie Woodman

Amounts owed by Whistlefield Leisure Ltd as at 31 March 2024 £6235 (2022: £nil)

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