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REGISTERED NUMBER: 04471405 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Christian Spencer Leisure Ltd

Christian Spencer Leisure Ltd (Registered number: 04471405)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Christian Spencer Leisure Ltd

Company Information
for the year ended 30 June 2024







DIRECTORS: S L Smith
C P England





SECRETARY: C P England





REGISTERED OFFICE: 42 Pitt Street
Barnsley
South Yorkshire
S70 1BB





REGISTERED NUMBER: 04471405 (England and Wales)





ACCOUNTANTS: Paul Howley & Co Ltd
Chartered Certified Accountants
42 Pitt Street
Barnsley
South Yorkshire
S70 1BB

Christian Spencer Leisure Ltd (Registered number: 04471405)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,662 22,624
Investments 5 200 200
Investment property 6 8,320,046 8,320,046
8,330,908 8,342,870

CURRENT ASSETS
Debtors 7 147,216 204,445
Cash at bank and in hand 398,777 417,932
545,993 622,377
CREDITORS
Amounts falling due within one year 8 625,579 577,108
NET CURRENT (LIABILITIES)/ASSETS (79,586 ) 45,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,251,322

8,388,139

CREDITORS
Amounts falling due after more than one year 9 (2,098,262 ) (2,424,517 )

PROVISIONS FOR LIABILITIES - (219 )
NET ASSETS 6,153,060 5,963,403

Christian Spencer Leisure Ltd (Registered number: 04471405)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 11 1,401,482 1,401,482
Retained earnings 4,751,278 4,561,621
SHAREHOLDERS' FUNDS 6,153,060 5,963,403

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




C P England - Director



S L Smith - Director


Christian Spencer Leisure Ltd (Registered number: 04471405)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Christian Spencer Leisure Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover, which is stated net of VAT, represents income from rental of investment property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Christian Spencer Leisure Ltd (Registered number: 04471405)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 188,885 4,500 193,385
Additions 396 - 396
At 30 June 2024 189,281 4,500 193,781
DEPRECIATION
At 1 July 2023 168,565 2,196 170,761
Charge for year 11,897 461 12,358
At 30 June 2024 180,462 2,657 183,119
NET BOOK VALUE
At 30 June 2024 8,819 1,843 10,662
At 30 June 2023 20,320 2,304 22,624

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 30 June 2023 200

Shares in group undertakings comprise share capital of TFWB Ltd and TWWSY Ltd, both wholly owned subsidiaries.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 8,320,046
NET BOOK VALUE
At 30 June 2024 8,320,046
At 30 June 2023 8,320,046

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2005 911,076
Valuation in 2007 889,646
Valuation in 2008 1,300,759
Valuation in 2012 130,000
Valuation in 2014 (1,830,000 )
Cost 6,918,565
8,320,046

Christian Spencer Leisure Ltd (Registered number: 04471405)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 6,918,564 6,918,564
Aggregate depreciation (1,945,130 ) (1,827,711 )

Investment property was valued on an open market basis on 30 June 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 13,812 -
Amounts owed by group undertakings 59,203 131,537
Other debtors 74,201 72,908
147,216 204,445

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 345,139 351,018
Trade creditors 35,889 18,395
Amounts owed to group undertakings 147,088 100,540
Taxation and social security 81,438 99,624
Other creditors 16,025 7,531
625,579 577,108

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,098,262 2,424,517

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 596,705 803,046

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 2,443,401 2,775,535

11. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 1,401,482

Christian Spencer Leisure Ltd (Registered number: 04471405)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
C P England
Balance outstanding at start of year 36,066 -
Amounts advanced 36,676 36,066
Amounts repaid (36,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,242 36,066

S L Smith
Balance outstanding at start of year 36,066 -
Amounts advanced 36,676 36,066
Amounts repaid (36,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,242 36,066

The advances to the directors were repaid on 31 January 2024. Interest was charged on the advances at the statutory rate.

13. ULTIMATE CONTROLLING PARTY

The controlling party is the Board of Directors.