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REGISTERED NUMBER: 08079818 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2022 TO 29 NOVEMBER 2023

FOR

GLOUCESTER SPORT AND LEISURE LIMITED

GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOUCESTER SPORT AND LEISURE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023







DIRECTOR: M Hamilton-Davies



SECRETARY: D Whatley



REGISTERED OFFICE: 118 Burcott Road
Avonmouth
Bristol
BS11 8AB



REGISTERED NUMBER: 08079818 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Philip Evans BSc FCA



AUDITORS: PJE Chartered Accountants & Statutory Auditors
2 Oakfield Road
Clifton
Bristol
BS8 2AL

GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

BALANCE SHEET
29 NOVEMBER 2023

29.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 691,337 644,446

CURRENT ASSETS
Stocks 5 2,400 2,300
Debtors 6 58,850 25,474
Cash at bank 24,754 18,156
86,004 45,930
CREDITORS
Amounts falling due within one year 7 859,404 733,681
NET CURRENT LIABILITIES (773,400 ) (687,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,063

)

(43,305

)

CREDITORS
Amounts falling due after more than one
year

8

238,318

256,773
NET LIABILITIES (320,381 ) (300,078 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (320,481 ) (300,178 )
SHAREHOLDERS' FUNDS (320,381 ) (300,078 )

GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

BALANCE SHEET - continued
29 NOVEMBER 2023


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 29 November 2024 and were signed by:





M Hamilton-Davies - Director


GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023


1. STATUTORY INFORMATION

Gloucester Sport And Leisure 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the period 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.


GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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 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 director has considered the future operating profits, cash flows and facilities available to the company.

During the year turnover increased from 813,907 to 846,522 and the company made a small loss for the period as a result of increased cost. The company has a loan facility with its parent company and bank loans which have reduced from 301,773 to 264,576.

The company continues to rely on the director and parent company for ongoing financial support, and they are committed to doing so.

The director concludes that after taking into account all available information about the future, which is at least, but not limited to 12 months from the date which these financial statements are authorised for issue, the company does have adequate resources and the necessary means to continue as a going concern in the normal course of business for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 61 (2022 - 61 ) .

GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 672,014 232,778 9,760 914,552
Additions - 52,809 39,000 91,809
At 29 November 2023 672,014 285,587 48,760 1,006,361
DEPRECIATION
At 1 December 2022 92,586 170,076 7,444 270,106
Charge for period 8,960 28,879 7,079 44,918
At 29 November 2023 101,546 198,955 14,523 315,024
NET BOOK VALUE
At 29 November 2023 570,468 86,632 34,237 691,337
At 30 November 2022 579,428 62,702 2,316 644,446

5. STOCKS
29.11.23 30.11.22
£    £   
Stocks 2,400 2,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.11.22
£    £   
Trade debtors 17,096 19,010
Other debtors 6,300 -
Prepayments and accrued income 35,454 6,464
58,850 25,474

GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 45,000 45,000
Hire purchase contracts 11,760 -
Trade creditors 43,804 47,856
Amounts owed to group undertakings 703,915 594,641
Tax - 6,300
Social security and other taxes 4,110 3,858
VAT 27,153 31,483
Other creditors 969 -
Accruals and deferred income 22,693 4,543
859,404 733,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.11.23 30.11.22
£    £   
Bank loans (see note 9) 219,576 256,773
Hire purchase contracts 18,742 -
238,318 256,773

9. LOANS

An analysis of the maturity of loans is given below:

29.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 45,000 45,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 219,576 256,773

10. SECURED DEBTS

The bank borrowings are secured by way of a fixed and floating charge over all property and assets of the company.

GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023


11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 29.11.23 30.11.22
value: £    £   
100 Share capital 1 1 100 100

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

The Report of the Auditors was unqualified.

Philip Evans BSc FCA (Senior Statutory Auditor)
for and on behalf of PJE Chartered Accountants & Statutory Auditors

13. RELATED PARTY DISCLOSURES

Included in creditors at the year end is a balance of £703,915 (2022: £594,641) owed to Opaltec International Limited, the parent company.

14. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Opaltec International Limited, Incorporated in England and Wales.

The ultimate parent is The Hamilton-Davies Group Limited, incorporated in England and Wales.

The ultimate controlling party is M Hamilton-Davies by virtue of his shareholding in the parent company.