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REGISTERED NUMBER: 06030493 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GREENSPACE LEISURE LIMITED

GREENSPACE LEISURE LIMITED (REGISTERED NUMBER: 06030493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENSPACE LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: P G Wheatley
J W Wheatley
P. Wheatley



SECRETARY: J W Wheatley



REGISTERED OFFICE: 40 D Seven Oaks Crescent
Bramcote
Nottingham
Nottinghamshire
NG9 3FW



REGISTERED NUMBER: 06030493 (England and Wales)



ACCOUNTANTS: SPOWAGE,TRUMAN & BISHOP
40D Seven Oaks Crescent
Bramcote
NOTTINGHAM
Nottinghamshire
NG9 3FW



BANKERS: H S B C
10 Market place
Hinckley
Leicester
LE10 1NU

GREENSPACE LEISURE LIMITED (REGISTERED NUMBER: 06030493)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,531,107 1,515,166

CURRENT ASSETS
Debtors 5 26,965 49,546
Cash at bank and in hand 302,523 550,136
329,488 599,682
CREDITORS
Amounts falling due within one year 6 270,243 548,364
NET CURRENT ASSETS 59,245 51,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,590,352

1,566,484

CREDITORS
Amounts falling due after more than one
year

7

(191,145

)

(311,380

)

PROVISIONS FOR LIABILITIES (272,294 ) (261,139 )
NET ASSETS 1,126,913 993,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,126,813 993,865
SHAREHOLDERS' FUNDS 1,126,913 993,965

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.

GREENSPACE LEISURE LIMITED (REGISTERED NUMBER: 06030493)

BALANCE SHEET - continued
31 December 2023


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 21 September 2024 and were signed on its behalf by:




P G Wheatley - Director J W Wheatley - Director




P. Wheatley - Director


GREENSPACE LEISURE LIMITED (REGISTERED NUMBER: 06030493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023

1. STATUTORY INFORMATION

Greenspace 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.

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.
Plant and equipment - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 49 ) .

GREENSPACE LEISURE LIMITED (REGISTERED NUMBER: 06030493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 212,625 2,819,535 133,516 55,025 3,220,701
Additions - 215,338 - 2,174 217,512
At 31 December 2023 212,625 3,034,873 133,516 57,199 3,438,213
DEPRECIATION
At 1 January 2023 191,367 1,394,028 67,620 52,520 1,705,535
Charge for year 21,258 164,085 13,179 3,049 201,571
At 31 December 2023 212,625 1,558,113 80,799 55,569 1,907,106
NET BOOK VALUE
At 31 December 2023 - 1,476,760 52,717 1,630 1,531,107
At 31 December 2022 21,258 1,425,507 65,896 2,505 1,515,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,105 9,745
Other debtors 17,860 39,801
26,965 49,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 96,646 96,644
Trade creditors 17,254 139,516
Taxation and social security 22,791 11,590
Other creditors 133,552 300,614
270,243 548,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 191,145 311,380

GREENSPACE LEISURE LIMITED (REGISTERED NUMBER: 06030493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
J W Wheatley
Balance outstanding at start of year (157,807 ) (169,108 )
Amounts advanced 150,675 11,301
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,132 ) (157,807 )

P G Wheatley
Balance outstanding at start of year (74,194 ) (86,232 )
Amounts advanced - 12,038
Amounts repaid (4,453 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (78,647 ) (74,194 )

P. Wheatley
Balance outstanding at start of year (24,206 ) (74,451 )
Amounts advanced 20,840 50,245
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,366 ) (24,206 )