Silverfin false false 30/04/2024 01/05/2023 30/04/2024 R P Murray 30/12/2004 30 January 2025 The principal activities of the company continued to be that of raising of other animals, hunting, trapping and related service activities. 05322452 2024-04-30 05322452 bus:Director1 2024-04-30 05322452 2023-04-30 05322452 core:CurrentFinancialInstruments 2024-04-30 05322452 core:CurrentFinancialInstruments 2023-04-30 05322452 core:Non-currentFinancialInstruments 2024-04-30 05322452 core:Non-currentFinancialInstruments 2023-04-30 05322452 core:ShareCapital 2024-04-30 05322452 core:ShareCapital 2023-04-30 05322452 core:RetainedEarningsAccumulatedLosses 2024-04-30 05322452 core:RetainedEarningsAccumulatedLosses 2023-04-30 05322452 core:LeaseholdImprovements 2023-04-30 05322452 core:PlantMachinery 2023-04-30 05322452 core:LeaseholdImprovements 2024-04-30 05322452 core:PlantMachinery 2024-04-30 05322452 core:CurrentFinancialInstruments core:Secured 2024-04-30 05322452 bus:OrdinaryShareClass1 2024-04-30 05322452 2023-05-01 2024-04-30 05322452 bus:FilletedAccounts 2023-05-01 2024-04-30 05322452 bus:SmallEntities 2023-05-01 2024-04-30 05322452 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05322452 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05322452 bus:Director1 2023-05-01 2024-04-30 05322452 core:LeaseholdImprovements core:TopRangeValue 2023-05-01 2024-04-30 05322452 core:PlantMachinery core:TopRangeValue 2023-05-01 2024-04-30 05322452 2022-05-01 2023-04-30 05322452 core:LeaseholdImprovements 2023-05-01 2024-04-30 05322452 core:PlantMachinery 2023-05-01 2024-04-30 05322452 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 05322452 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 05322452 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05322452 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05322452 (England and Wales)

AGRI SPORT LEISURE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

AGRI SPORT LEISURE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

AGRI SPORT LEISURE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
AGRI SPORT LEISURE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 51,054 78,450
Investment property 4 280,000 280,000
331,054 358,450
Current assets
Debtors 5 195,035 194,508
195,035 194,508
Creditors: amounts falling due within one year 6 ( 338,446) ( 352,176)
Net current liabilities (143,411) (157,668)
Total assets less current liabilities 187,643 200,782
Creditors: amounts falling due after more than one year 7 ( 113,470) ( 158,333)
Net assets 74,173 42,449
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 74,172 42,448
Total shareholder's funds 74,173 42,449

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Agri Sport Leisure Limited (registered number: 05322452) were approved and authorised for issue by the Director on 30 January 2025. They were signed on its behalf by:

R P Murray
Director
AGRI SPORT LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
AGRI SPORT LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Agri Sport Leisure Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is College Farm, Asthall Leigh, Witney, OX29 9PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 6.67 years straight line
Plant and machinery 6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 5

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Total
£ £ £
Cost
At 01 May 2023 6,157 327,968 334,125
At 30 April 2024 6,157 327,968 334,125
Accumulated depreciation
At 01 May 2023 2,425 253,250 255,675
Charge for the financial year 923 26,473 27,396
At 30 April 2024 3,348 279,723 283,071
Net book value
At 30 April 2024 2,809 48,245 51,054
At 30 April 2023 3,732 74,718 78,450

4. Investment property

Investment property
£
Valuation
As at 01 May 2023 280,000
As at 30 April 2024 280,000

5. Debtors

2024 2023
£ £
Prepayments and accrued income 89,472 107,750
VAT recoverable 7,632 2,900
Corporation tax 26,072 0
Other debtors 71,859 83,858
195,035 194,508

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts (secured) 159,703 204,854
Trade creditors 43,295 28,781
Amounts owed to director 5,282 5,977
Other loans 50,000 50,000
Accruals and deferred income 79,323 61,668
Other taxation and social security 843 896
338,446 352,176

The bank loan is secured by fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

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

2024 2023
£ £
Bank loans (secured) 113,470 158,333

The bank loan is secured by fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

9. Related party transactions

Transactions with the entity's director

At the balance sheet date £5,282 (2023: £5,977) was owed by the company to the director.

Other related party transactions

At the balance sheet date £71,859 (2023: £71,859) was owed to the company by The Murray Partnership of which the director R Murray is a partner.