PENNINE LEISURE LIMITED

Company Registration Number:
04439536 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

PENNINE LEISURE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

PENNINE LEISURE LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 7,000 8,000
Tangible assets: 4 1,937,742 1,966,759
Total fixed assets: 1,944,742 1,974,759
Current assets
Stocks: 70,095 84,244
Debtors:   52,741 48,862
Cash at bank and in hand: 624,783 501,472
Total current assets: 747,619 634,578
Creditors: amounts falling due within one year:   (453,152) (396,649)
Net current assets (liabilities): 294,467 237,929
Total assets less current liabilities: 2,239,209 2,212,688
Creditors: amounts falling due after more than one year: 5 (315,301) (358,289)
Provision for liabilities: (15,568) (21,682)
Total net assets (liabilities): 1,908,340 1,832,717
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 1,808,340 1,732,717
Shareholders funds: 1,908,340 1,832,717

The notes form part of these financial statements

PENNINE LEISURE LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Gareth Swain
Status: Director

The notes form part of these financial statements

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of Discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and Machinery - 20% straight line Fixtures and fittings - 20% straight line Motor vehicles - 25% reducing value

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset.

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 12 15

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 110,000
At 28 February 2024 110,000
Amortisation
At 01 March 2023 102,000
Charge for year 1,000
At 28 February 2024 103,000
Net book value
At 28 February 2024 7,000
At 28 February 2023 8,000

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 2,517,908
Additions 26,617
At 28 February 2024 2,544,525
Depreciation
At 01 March 2023 551,149
Charge for year 55,634
At 28 February 2024 606,783
Net book value
At 28 February 2024 1,937,742
At 28 February 2023 1,966,759

PENNINE LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due after more than one year note

Included within creditors: amounts falling due after more than one year is an amount of £219,516 (2023 £239,662) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The loan is secured by a fixed and floating charge over Kelly Mains Farm.