2023-04-012024-03-312024-03-31false07767233Hoeys Leisure 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Hoeys Leisure Limited

Registered Number
07767233
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Hoeys Leisure Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

G Hoey
M Hoey

Registered Address

The Arches
258 Oxcliffe Road
Morecambe
LA3 3EH

Registered Number

07767233 (England and Wales)
Hoeys Leisure Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets33,250,785-
Tangible assets47,395,5314,681,410
10,646,3164,681,410
Current assets
Stocks553,113581,871
Debtors33,92821,971
Cash at bank and on hand1,823,6923,525,885
2,410,7334,129,727
Creditors amounts falling due within one year(1,698,905)(1,303,473)
Net current assets (liabilities)711,8282,826,254
Total assets less current liabilities11,358,1447,507,664
Provisions for liabilities(548,161)(26,503)
Net assets10,809,9837,481,161
Capital and reserves
Called up share capital100100
Profit and loss account10,809,8837,481,061
Shareholders' funds10,809,9837,481,161
The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2024, and are signed on its behalf by:
G Hoey
Director
Registered Company No. 07767233
Hoeys Leisure Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation of goodwill and intellectual property rights is charged to accrue equally over the anticipated life of the asset.
Tangible fixed assets and depreciation
Investment properties are included in the balance sheet at their deemed market value. As such, investment properties are not subject to depreciation. Changes in market value are shown in the statement of total recognised gains and losses. Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants and financial assistance are reflected in the financial statements for the year in which they apply. All of the grants received were paid under non-directional schemes and so they have been aggregated and are shown on the face of the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year68
3.Intangible assets

Total

£
Cost or valuation
Additions3,285,004
At 31 March 243,285,004
Amortisation and impairment
Charge for year34,219
At 31 March 2434,219
Net book value
At 31 March 243,250,785
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 234,763,808
Additions3,755,122
Disposals(1,005,082)
At 31 March 247,513,848
Depreciation and impairment
At 01 April 2382,398
Charge for year35,919
At 31 March 24118,317
Net book value
At 31 March 247,395,531
At 31 March 234,681,410