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REGISTERED NUMBER: 05453229 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Postern Leisure Ltd

Postern Leisure Ltd (Registered number: 05453229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Postern Leisure Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J Robinson
Mr T Robinson
Mr I Robinson





SECRETARY: Mrs J Robinson





REGISTERED OFFICE: Postern House Farm
Tatenhill
Burton on Trent
DE13 9SJ





REGISTERED NUMBER: 05453229 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Postern Leisure Ltd (Registered number: 05453229)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 813,456 645,122

CURRENT ASSETS
Stocks 48,119 32,956
Debtors 5 210,908 212,509
Cash at bank and in hand 291,349 791,722
550,376 1,037,187
CREDITORS
Amounts falling due within one year 6 350,443 623,278
NET CURRENT ASSETS 199,933 413,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,389

1,059,031

CREDITORS
Amounts falling due after more than one
year

7

(6,598

)

(20,904

)

PROVISIONS FOR LIABILITIES (160,021 ) (79,047 )
NET ASSETS 846,770 959,080

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 846,670 958,980
SHAREHOLDERS' FUNDS 846,770 959,080

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.

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 13 September 2024 and were signed on its behalf by:





Mr T Robinson - Director


Postern Leisure Ltd (Registered number: 05453229)

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

1. STATUTORY INFORMATION

Postern Leisure Ltd 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost and 5% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance, 20% on cost and 10% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 121 (2022 - 82 ) .

Postern Leisure Ltd (Registered number: 05453229)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 576,494 1,194,973 1,771,467
Additions 10,176 330,328 340,504
At 31 December 2023 586,670 1,525,301 2,111,971
DEPRECIATION
At 1 January 2023 361,102 765,243 1,126,345
Charge for year 52,198 119,972 172,170
At 31 December 2023 413,300 885,215 1,298,515
NET BOOK VALUE
At 31 December 2023 173,370 640,086 813,456
At 31 December 2022 215,392 429,730 645,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,174 76,631
Other debtors 166,734 135,878
210,908 212,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,641 169,782
Hire purchase contracts 12,462 23,409
Trade creditors 90,447 126,039
Taxation and social security 146,770 222,866
Other creditors 97,123 81,182
350,443 623,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,598 20,904

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100