Silverfin false false 31/01/2024 01/02/2023 31/01/2024 D Minton 30/05/2022 D Turner 30/01/2019 S Wenbourne 31 December 2024 The principal activity of the company is providing key market intelligence and analysis to the fitness industry. 11798301 2024-01-31 11798301 bus:Director1 2024-01-31 11798301 bus:Director2 2024-01-31 11798301 2023-01-31 11798301 core:CurrentFinancialInstruments 2024-01-31 11798301 core:CurrentFinancialInstruments 2023-01-31 11798301 core:Non-currentFinancialInstruments 2024-01-31 11798301 core:Non-currentFinancialInstruments 2023-01-31 11798301 core:ShareCapital 2024-01-31 11798301 core:ShareCapital 2023-01-31 11798301 core:RetainedEarningsAccumulatedLosses 2024-01-31 11798301 core:RetainedEarningsAccumulatedLosses 2023-01-31 11798301 core:Goodwill 2023-01-31 11798301 core:Goodwill 2024-01-31 11798301 core:OtherPropertyPlantEquipment 2023-01-31 11798301 core:OtherPropertyPlantEquipment 2024-01-31 11798301 2023-02-01 2024-01-31 11798301 bus:FilletedAccounts 2023-02-01 2024-01-31 11798301 bus:SmallEntities 2023-02-01 2024-01-31 11798301 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11798301 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11798301 bus:Director1 2023-02-01 2024-01-31 11798301 bus:Director2 2023-02-01 2024-01-31 11798301 bus:Director3 2023-02-01 2024-01-31 11798301 core:Goodwill core:TopRangeValue 2023-02-01 2024-01-31 11798301 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-02-01 2024-01-31 11798301 2022-02-01 2023-01-31 11798301 core:Goodwill 2023-02-01 2024-01-31 11798301 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 11798301 core:OtherPropertyPlantEquipment 1 2023-02-01 2024-01-31 11798301 1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 11798301 (England and Wales)

ADDLEISURE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

ADDLEISURE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

ADDLEISURE LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2024
ADDLEISURE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS D Minton
D Turner
S Wenbourne
REGISTERED OFFICE 2 Leman Street
London
United Kingdom
E1W 9US.
London
United Kingdom
COMPANY NUMBER 11798301 (England and Wales)
ACCOUNTANT Gravita Business Services Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
ADDLEISURE LIMITED

BALANCE SHEET

As at 31 January 2024
ADDLEISURE LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 9,216 11,998
Tangible assets 4 3,746 3,831
12,962 15,829
Current assets
Debtors 5 58,872 50,693
Cash at bank and in hand 30,528 20,315
89,400 71,008
Creditors: amounts falling due within one year 6 ( 80,291) ( 56,159)
Net current assets 9,109 14,849
Total assets less current liabilities 22,071 30,678
Creditors: amounts falling due after more than one year 7 ( 211,000) ( 115,000)
Net liabilities ( 188,929) ( 84,322)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 188,930 ) ( 84,323 )
Total shareholder's deficit ( 188,929) ( 84,322)

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Addleisure Limited (registered number: 11798301) were approved and authorised for issue by the Board of Directors on 31 December 2024. They were signed on its behalf by:

S Wenbourne
Director
ADDLEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
ADDLEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT where applicable.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the basis below.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Plant and machinery etc. 3 years straight line
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 7

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2023 13,911 13,911
At 31 January 2024 13,911 13,911
Accumulated amortisation
At 01 February 2023 1,913 1,913
Charge for the financial year 2,782 2,782
At 31 January 2024 4,695 4,695
Net book value
At 31 January 2024 9,216 9,216
At 31 January 2023 11,998 11,998

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 4,509 4,509
Additions 1,795 1,795
Rounding Difference 0 0
At 31 January 2024 6,304 6,304
Accumulated depreciation
At 01 February 2023 678 678
Charge for the financial year 1,880 1,880
At 31 January 2024 2,558 2,558
Net book value
At 31 January 2024 3,746 3,746
At 31 January 2023 3,831 3,831

5. Debtors

2024 2023
£ £
Trade debtors 41,089 32,971
Other debtors 17,783 17,722
58,872 50,693

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 35,478 32,439
Other taxation and social security 7,561 6,363
Other creditors 37,252 17,357
80,291 56,159

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 211,000 115,000

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
211,000 115,000

At the year end the company owed £211,000 (2022: £115,000) to D Turner, the director, in respect of an interest free loan.