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REGISTERED NUMBER: 09224941 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

North West Leisure Ltd

North West Leisure Ltd (Registered number: 09224941)






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


North West Leisure Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr T D Hoyle





REGISTERED OFFICE: 295/297 Church Street
Blackpool
Lancashire
FY1 3PJ





BUSINESS ADDRESS: Anytime Fitness
186 Allerton Road
Liverpool
Merseyside
L18 5HU





REGISTERED NUMBER: 09224941 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

North West Leisure Ltd (Registered number: 09224941)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,100 52,650
Tangible assets 5 1,058,779 839,083
1,100,879 891,733

CURRENT ASSETS
Debtors 6 57,490 47,101
Cash at bank 12,735 25,724
70,225 72,825
CREDITORS
Amounts falling due within one year 7 2,431,021 2,018,338
NET CURRENT LIABILITIES (2,360,796 ) (1,945,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,259,917

)

(1,053,780

)

CREDITORS
Amounts falling due after more than one year 8 13,048 23,222
NET LIABILITIES (1,272,965 ) (1,077,002 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (1,273,065 ) (1,077,102 )
SHAREHOLDERS' FUNDS (1,272,965 ) (1,077,002 )

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 director acknowledges his 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.

North West Leisure Ltd (Registered number: 09224941)

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 director and authorised for issue on 20 September 2024 and were signed by:





Mr T D Hoyle - Director


North West Leisure Ltd (Registered number: 09224941)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

North West Leisure Ltd 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 represents gym membership and entry fees plus related income receivable in the year, excluding value added tax.

Intangible assets - franchise
The amount paid in connection with the acquisition of 5 franchises, £133,700.00, is to be written off evenly over the separate 5 year terms of the initial franchise agreements. These 5 year terms commence individually when trading commences at each of the corresponding sites.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - at varying rates on cost
Plant and machinery - 25% on reducing balance

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.

North West Leisure Ltd (Registered number: 09224941)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 April 2023
and 31 March 2024 133,700
AMORTISATION
At 1 April 2023 81,050
Amortisation for year 10,550
At 31 March 2024 91,600
NET BOOK VALUE
At 31 March 2024 42,100
At 31 March 2023 52,650

North West Leisure Ltd (Registered number: 09224941)

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

5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2023 968,606 435,240 1,403,846
Additions 388,372 4,141 392,513
At 31 March 2024 1,356,978 439,381 1,796,359
DEPRECIATION
At 1 April 2023 273,857 290,906 564,763
Charge for year 135,698 37,119 172,817
At 31 March 2024 409,555 328,025 737,580
NET BOOK VALUE
At 31 March 2024 947,423 111,356 1,058,779
At 31 March 2023 694,749 144,334 839,083

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 177,183
Transfer to ownership (177,183 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 134,779
Transfer to ownership (134,779 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 42,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 57,490 37,490
Other debtors - 9,611
57,490 47,101

North West Leisure Ltd (Registered number: 09224941)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,184 9,933
Hire purchase contracts 871 27,838
Trade creditors 182 1,467
Social security and other taxes 11,065 5,282
Directors' loan accounts 2,400,360 1,967,520
Accrued expenses 8,359 6,298
2,431,021 2,018,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,441 10,184
Bank loans - 2-5 years 2,607 13,038
13,048 23,222

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. GOING CONCERN

The financial statements have been prepared on the going concern basis which is dependent upon the continuing support of the Company's directors.

As at the balance sheet date the Company has net liabilities of £1,252,835 (2023: £1,077,002)
However included within creditors amounts falling due within one year are director's loan accounts amounting to £2,400,360 (2023: £1,967,520).