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REGISTERED NUMBER: 02708521 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Crocodile Leisure Limited

Crocodile Leisure Limited (Registered number: 02708521)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crocodile Leisure Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr I Minors
Mrs D Minors
Ms N L Mccrea
Miss S J A Minors
Miss M E Minors
Miss F Minors
Mr L A Minors
Mr S J Minors





SECRETARY: Mrs D Minors





REGISTERED OFFICE: Beechdown Club
Winchester Road
Basingstoke
Hampshire
RG22 4ES





REGISTERED NUMBER: 02708521 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Crocodile Leisure Limited (Registered number: 02708521)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,846,530 1,899,420

CURRENT ASSETS
Stocks 26,080 33,306
Debtors 5 83,507 77,401
Cash at bank and in hand 1,463,719 1,016,885
1,573,306 1,127,592
CREDITORS
Amounts falling due within one year 6 1,296,501 864,332
NET CURRENT ASSETS 276,805 263,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,123,335

2,162,680

PROVISIONS FOR LIABILITIES 8 177,241 157,553
NET ASSETS 1,946,094 2,005,127

CAPITAL AND RESERVES
Called up share capital 9 25,000 25,000
Other reserves 75,000 75,000
Retained earnings 1,846,094 1,905,127
SHAREHOLDERS' FUNDS 1,946,094 2,005,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Crocodile Leisure Limited (Registered number: 02708521)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr I Minors - Director


Crocodile Leisure Limited (Registered number: 02708521)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Crocodile 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.
Leasehold property - 10% on cost and over the remaining life of the lease
Motor vehicles - 10% on cost
Fixtures and fittings - 20% on cost and 10% on cost
Gym Equipment - 20% on cost
Computer and Office Equipment - 10% on cost and Straight line over 3 years

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

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Crocodile Leisure Limited (Registered number: 02708521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


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, adjusted for indexation where applicable.

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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2023 - 80 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Motor and
property vehicles fittings
£    £    £   
COST
At 1 October 2023 2,491,936 27,250 726,687
Additions - - 26,766
Disposals - - -
At 30 September 2024 2,491,936 27,250 753,453
DEPRECIATION
At 1 October 2023 963,606 20,439 435,747
Charge for year 47,231 6,811 69,753
Eliminated on disposal - - -
At 30 September 2024 1,010,837 27,250 505,500
NET BOOK VALUE
At 30 September 2024 1,481,099 - 247,953
At 30 September 2023 1,528,330 6,811 290,940

Crocodile Leisure Limited (Registered number: 02708521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS - continued

Computer
and
Gym Office
Equipment Equipment Totals
£    £    £   
COST
At 1 October 2023 333,572 68,262 3,647,707
Additions 69,241 35,014 131,021
Disposals (63,508 ) - (63,508 )
At 30 September 2024 339,305 103,276 3,715,220
DEPRECIATION
At 1 October 2023 274,106 54,389 1,748,287
Charge for year 48,329 9,551 181,675
Eliminated on disposal (61,272 ) - (61,272 )
At 30 September 2024 261,163 63,940 1,868,690
NET BOOK VALUE
At 30 September 2024 78,142 39,336 1,846,530
At 30 September 2023 59,466 13,873 1,899,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 386 310
Other debtors 83,121 77,091
83,507 77,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 87,288 93,249
Taxation and social security 150,980 188,766
Other creditors 1,058,233 582,317
1,296,501 864,332

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 145,592 145,592
Between one and five years 582,368 582,368
In more than five years 9,609,072 9,754,664
10,337,032 10,482,624

Crocodile Leisure Limited (Registered number: 02708521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 177,241 157,553

Deferred
tax
£   
Balance at 1 October 2023 157,553
Accelerated capital allowances 19,688
Balance at 30 September 2024 177,241

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
25,000 Ordinary £1 25,000 25,000