Registered number
08702473
Ombler Leisure Limited
Filleted Accounts
30 April 2024
Ombler Leisure Limited
Registered number: 08702473
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 58,000 63,800
Tangible assets 4 82,516 53,098
140,516 116,898
Current assets
Stocks 17,553 17,169
Debtors 5 31,422 36,388
Cash at bank and in hand 214,229 279,183
263,204 332,740
Creditors: amounts falling due within one year 6 (193,083) (194,335)
Net current assets 70,121 138,405
Total assets less current liabilities 210,637 255,303
Creditors: amounts falling due after more than one year 7 (45,771) (88,021)
Provisions for liabilities (17,664) (12,596)
Net assets 147,202 154,686
Capital and reserves
Called up share capital 100 100
Profit and loss account 147,102 154,586
Shareholders' funds 147,202 154,686
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rita Maria FACCENDA
Director
Approved by the board on 5 December 2024
Ombler Leisure Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, and integral services associated with each transaction (food, drink, bar and table service). Turnover is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, and as the associated services are delivered.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements (integral features) over the lease term
Plant and equipment over 5 to 10 years
Fixtures and fittings over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 24
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 116,000
At 30 April 2024 116,000
Amortisation
At 1 May 2023 52,200
Provided during the year 5,800
At 30 April 2024 58,000
Net book value
At 30 April 2024 58,000
At 30 April 2023 63,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 - 136,700 136,700
Additions 37,208 7,189 44,397
At 30 April 2024 37,208 143,889 181,097
Depreciation
At 1 May 2023 - 83,602 83,602
Charge for the year 2,481 12,498 14,979
At 30 April 2024 2,481 96,100 98,581
Net book value
At 30 April 2024 34,727 47,789 82,516
At 30 April 2023 - 53,098 53,098
5 Debtors 2024 2023
£ £
Other debtors 31,422 36,388
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 60,368 50,575
Trade creditors 56,204 58,900
Amounts due to directors 116 37
Taxation and social security costs 57,190 65,576
Pension contributions 1,221 995
Other creditors 17,984 18,252
193,083 194,335
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 45,771 88,021
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 1,543,209 1,572,641
9 Other information
Ombler Leisure Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bell Inn
Binton Road
Welford on Avon
Stratford Upon Avon
CV37 8EB
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