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REGISTERED NUMBER: SC416016 (Scotland)















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023

FOR

SCC LEISURE LTD

SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 6


SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 1.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 167,053 228,908

CURRENT ASSETS
Stocks 55,980 84,428
Debtors 6 887,881 1,238,022
Cash at bank and in hand 192,268 166,343
1,136,129 1,488,793
CREDITORS
Amounts falling due within one year 7 (1,080,440 ) (985,773 )
NET CURRENT ASSETS 55,689 503,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,742

731,928

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 222,741 731,927
222,742 731,928

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 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 23 October 2024 and were signed on its behalf by:




C D Soley - Director



J R Foots - Director


SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Scc Leisure Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC416016

Registered office: Bar Soba Merchant City
79 Albion Street
Glasgow
G1 1NY

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements that management has made in the process of applying the entity's accounting polices and that have the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are renewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposal during the current and prior accounting periods.

Revenue recognition
Turnover is the fair value of consideration received or receivable for goods and services provided in the normal course of the business, net of discounts, volume rebates and VAT. Sales of beverages and food are recognised when these goods are delivered to our patrons.

SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% straight line and straight line over the life of the lease
Plant and machinery - 33% straight line and 20% straight line
Fixtures and fittings - 33% straight line and 20% straight line
Computer equipment - 33% straight line and 20% straight line

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Going concern
The financial statements have been prepared on a going concern basis. The company meets its day to day working capital obligations from cash generated by its operations and it also relies on the financial support of its parent company, Camerons Brewery Limited. After reviewing the company's and the parent company’s forecasts and projections, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 72 (2023 - 106 ) .

4. AUDITORS' REMUNERATION
Period Period
2.1.23 3.1.22
to to
31.12.23 1.1.23
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

8,496

10,421

SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 2 January 2023 848,125 379,883 815,222 74,414 2,117,644
Additions 13,391 6,687 44,061 - 64,139
Disposals (234,159 ) (128,934 ) (232,093 ) - (595,186 )
At 31 December 2023 627,357 257,636 627,190 74,414 1,586,597
DEPRECIATION
At 2 January 2023 700,532 321,033 793,563 73,608 1,888,736
Charge for period 44,631 29,607 11,375 - 85,613
Eliminated on disposal (221,419 ) (113,177 ) (220,209 ) - (554,805 )
At 31 December 2023 523,744 237,463 584,729 73,608 1,419,544
NET BOOK VALUE
At 31 December 2023 103,613 20,173 42,461 806 167,053
At 1 January 2023 147,593 58,850 21,659 806 228,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 1.1.23
£    £   
Amounts owed by group undertakings 162,398 500,351
Other debtors 18,221 710
Social security and other tax 30,804 -
Deferred tax asset 593,902 496,052
Prepayments 82,556 240,909
887,881 1,238,022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 1.1.23
£    £   
Bank loans and overdrafts - 5,254
Trade creditors 408,062 489,972
Amounts owed to group undertakings 486,173 40,001
Social security and other taxes - 137,808
VAT 60,765 196,003
Other creditors 17,160 90,521
Directors' current accounts 2,990 -
Accruals and deferred income 105,290 26,214
1,080,440 985,773

SCC LEISURE LTD (REGISTERED NUMBER: SC416016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 JANUARY 2023 TO 31 DECEMBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 1.1.23
£    £   
Within one year 260,000 395,083
Between one and five years 790,833 1,287,833
In more than five years 1,160,833 1,868,834
2,211,666 3,551,750

9. SECURED DEBTS

The company's bankers have a fixed and floating charge over all property, land, intellectual property or undertaking of the company dated 12 November 2019.

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

The Report of the Auditors was unqualified.

Helen Tidyman (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

12. ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is Camerons Brewery Limited, a company registered in England and Wales. Camerons Brewery Limited is the only group company that prepares consolidated financial statements, including the accounts of this company. A copy of the financial statements can be obtained from the registered office; being Main Gate House, Waldon Street, Hartlepool, Cleveland, TS24 7QS.