1 April 2023 v2024.58.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP029731782023-04-012024-03-31029731782024-03-31029731782023-03-3102973178core:WithinOneYear2024-03-3102973178core:WithinOneYear2023-03-3102973178core:AfterOneYear2024-03-3102973178core:AfterOneYear2023-03-3102973178core:ShareCapital2024-03-3102973178core:ShareCapital2023-03-3102973178core:RevaluationReserve2024-03-3102973178core:RevaluationReserve2023-03-3102973178core:RetainedEarningsAccumulatedLosses2024-03-3102973178core:RetainedEarningsAccumulatedLosses2023-03-3102973178bus:Director12023-04-012024-03-3102973178bus:RegisteredOffice2023-04-012024-03-3102973178core:LandBuildings2023-04-012024-03-3102973178core:FurnitureFittings2023-04-012024-03-3102973178core:MotorVehicles2023-04-012024-03-3102973178core:OfficeEquipment2023-04-012024-03-31029731782022-04-012023-03-3102973178core:LandBuildings2023-04-0102973178core:PlantMachinery2023-04-01029731782023-04-0102973178core:PlantMachinery2023-04-012024-03-3102973178core:LandBuildings2024-03-3102973178core:PlantMachinery2024-03-3102973178core:LandBuildings2023-03-3102973178core:PlantMachinery2023-03-3102973178core:CostValuation2023-04-0102973178core:CostValuation2024-03-310297317812023-04-012024-03-3102973178countries:EnglandWales2023-04-012024-03-3102973178bus:AuditExemptWithAccountantsReport2023-04-012024-03-3102973178bus:PrivateLimitedCompanyLtd2023-04-012024-03-3102973178bus:SmallEntities2023-04-012024-03-3102973178bus:FullAccounts2023-04-012024-03-31
Company registration number:
02973178
Annesley Leisure Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Annesley Leisure Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
428,822
 
443,846
 
Investments 6
220,000
 
220,000
 
648,822
 
663,846
 
Current assets    
Stocks
5,798
 
5,419
 
Debtors 7
4,733
 
4,308
 
Cash at bank and in hand
21,859
 
74,537
 
32,390
 
84,264
 
Creditors: amounts falling due within one year 8
(409,077
)
(450,551
)
Net current liabilities
(376,687
)
(366,287
)
Total assets less current liabilities 272,135   297,559  
Creditors: amounts falling due after more than one year 9
(57,237
)
(83,631
)
Net assets
214,898
 
213,928
 
Capital and reserves    
Called up share capital
35,000
 
35,000
 
Revaluation reserve
144,251
 
144,251
 
Profit and loss account
35,647
 
34,677
 
Shareholders funds
214,898
 
213,928
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
18 November 2024
, and are signed on behalf of the board by:
Mr D Reynolds
Director
Company registration number:
02973178
Annesley Leisure Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Enterprise Court
,
Downmill Road
,
Bracknell
,
Berkshire
,
RG12 1QS
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.
In accordance with the government regulations introduced due to the Corona virus the company has been required to close for long periods of time during the year ended 31 March 2021. This has impacted the financial results of the company but due to the assistance from central and local government the company has been able to continue as a going concern so consider this to be the appropriate approach for the preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
over remaining term of lease
Fixtures and fittings
10% on reducing balance
Motor vehicles
25% straight line
Office equipment
33% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4 Average number of employees

The average number of persons employed by the company during the year was
26
(2023:
23.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2023
479,948
 
677,554
 
1,157,502
 
Additions -  
30,890
 
30,890
 
Disposals -  
(23,890
)
(23,890
)
At
31 March 2024
479,948
 
684,554
 
1,164,502
 
Depreciation      
At
1 April 2023
231,268
 
482,388
 
713,656
 
Charge
8,220
 
19,776
 
27,996
 
Disposals -  
(5,972
)
(5,972
)
At
31 March 2024
239,488
 
496,192
 
735,680
 
Carrying amount      
At
31 March 2024
240,460
 
188,362
 
428,822
 
At 31 March 2023
248,680
 
195,166
 
443,846
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 April 2023
220,000
 
At
31 March 2024
220,000
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
220,000
 
At 31 March 2023
220,000
 

7 Debtors

20242023
££
Trade debtors
1,038
 
860
 
Other debtors
3,695
 
3,448
 
4,733
 
4,308
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
34,697
 
49,077
 
Trade creditors
25,683
 
25,712
 
Taxation and social security
42,788
 
48,210
 
Other creditors
305,909
 
327,552
 
409,077
 
450,551
 
The bank loans are secured by way of a fixed and floating charge over the assets of the company.

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
57,237
 
83,631
 
The bank loans are secured by way of a fixed and floating charge over the assets of the company.
Amounts falling due in more than five years:
Bank loan due in more than 5 years £25,003.