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REGISTERED NUMBER: 04573750 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Foremost Leisure (Holdings) Limited

Foremost Leisure (Holdings) Limited (Registered number: 04573750)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Foremost Leisure (Holdings) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr U Dessoky
Mr J O'Callaghan





SECRETARY: Mr J O'Callaghan





REGISTERED OFFICE: 43 Crawford Street
London
W1H 1JR





REGISTERED NUMBER: 04573750 (England and Wales)





AUDITORS: Nielsens
Chartered Accountants
& Statutory Auditors
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Foremost Leisure (Holdings) Limited (Registered number: 04573750)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,749 285,667
Investments 5 463,801 463,801
694,550 749,468

CURRENT ASSETS
Debtors 27,344,328 26,440,161
Cash at bank and in hand 95,542 2,516,410
27,439,870 28,956,571
CREDITORS
Amounts falling due within one year 27,276,753 25,749,026
NET CURRENT ASSETS 163,117 3,207,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,667

3,957,013

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 857,567 3,956,913
SHAREHOLDERS' FUNDS 857,667 3,957,013

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 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 30 August 2024 and were signed on its behalf by:





Mr J O'Callaghan - Director


Foremost Leisure (Holdings) Limited (Registered number: 04573750)

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

1. STATUTORY INFORMATION

Foremost Leisure (Holdings) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company in respect of management services supplied during the year, exclusive of Value Added Tax and trade discounts.

Income receivable in respect of consultancy and management fees is recognised in the period in which the work is undertaken. Income receivable in respect of recharged costs is recognised in the period in which the expense was incurred. Rental income is recognised on a receivable basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - in accordance with the property
Fixtures, fittings & equipment - at varying rates on cost
Motor vehicles - valuation method

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foremost Leisure (Holdings) Limited (Registered number: 04573750)

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

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,208,603
Additions 35,846
Disposals (20,607 )
At 31 December 2023 1,223,842
DEPRECIATION
At 1 January 2023 922,936
Charge for year 90,764
Eliminated on disposal (20,607 )
At 31 December 2023 993,093
NET BOOK VALUE
At 31 December 2023 230,749
At 31 December 2022 285,667

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 463,801
NET BOOK VALUE
At 31 December 2023 463,801
At 31 December 2022 463,801

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dipakkumar Shah FCA (Senior Statutory Auditor)
for and on behalf of Nielsens

Foremost Leisure (Holdings) Limited (Registered number: 04573750)

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

7. ULTIMATE CONTROLLING PARTY

The controlling party is Primary Investments International Limited.

Primary Investments International Limited (incorporated in The Cayman Islands) is regarded by the director as being the company's ultimate parent company.

The registered office address is PO Box 484GT, Strathvale House, North Church Street, Georgetown, Grand Cayman, Cayman Islands.Reg. No. CR-169651

The ultimate controlling party is The Duam Settlement (registered in the British Virgin Islands).