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REGISTERED NUMBER: 01350168 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

London Leisure Services Limited

London Leisure Services Limited (Registered number: 01350168)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Leisure Services Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: W R Ruffler
M M V Ruffler
C M Hannah





REGISTERED OFFICE: 64 South Street
Epsom
Surrey
KT18 7PH





REGISTERED NUMBER: 01350168 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

London Leisure Services Limited (Registered number: 01350168)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,334,574 1,238,578
Investments 5 1 3
Investment property 6 750,000 750,000
2,084,575 1,988,581

CURRENT ASSETS
Stocks 5,671,627 1,323,693
Debtors 7 46,796 3,108,212
Cash at bank 514,455 2,437,029
6,232,878 6,868,934
CREDITORS
Amounts falling due within one year 8 5,243,467 6,880,271
NET CURRENT ASSETS/(LIABILITIES) 989,411 (11,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,073,986

1,977,244

PROVISIONS FOR LIABILITIES 34,189 34,189
NET ASSETS 3,039,797 1,943,055

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,989,797 1,893,055
SHAREHOLDERS' FUNDS 3,039,797 1,943,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

London Leisure Services Limited (Registered number: 01350168)

Balance Sheet - continued
31 March 2024


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 31 October 2024 and were signed on its behalf by:





W R Ruffler - Director


London Leisure Services Limited (Registered number: 01350168)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

London Leisure Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in respect of building projects and is recognised when legal title has passed to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Office equipment - 25% on cost

During the year ended 31 March 2023 certain properties were reclassified as investment properties following changes required by Financial Reporting Standards. The original cost less accumulated depreciation was transferred to investment properties, with the depreciation released to reserves in the other comprehensive income statement. The properties were revalued at 31st March 2023 and the directors consider the value is still the same as at 31st March 2024; the unrealised gains less the potential tax on those gains was also shown in the other comprehensive income statement.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Where property is reclassified from fixed assets due to a change of use the original cost price is used.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

London Leisure Services Limited (Registered number: 01350168)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or
less from the date of acquisition or opening of the deposit or similar account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST
At 1 April 2023 1,237,049 10,197 1,247,246
Additions 108,813 - 108,813
At 31 March 2024 1,345,862 10,197 1,356,059
DEPRECIATION
At 1 April 2023 - 8,668 8,668
Charge for year 11,917 900 12,817
At 31 March 2024 11,917 9,568 21,485
NET BOOK VALUE
At 31 March 2024 1,333,945 629 1,334,574
At 31 March 2023 1,237,049 1,529 1,238,578

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 3
Disposals (2 )
At 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 3

London Leisure Services Limited (Registered number: 01350168)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 750,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 179,941
Cost 570,059
750,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,540 5,760
Amounts owed by group undertakings 13,463 3,055,825
Other debtors 5,414 6,044
Tax - 13,247
VAT 4,494 24,455
Prepayments 18,885 2,881
46,796 3,108,212

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 434 36,169
Social security and other taxes - 450
Other creditors 5,214,670 6,836,217
Accrued expenses 28,363 7,435
5,243,467 6,880,271