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Company Registration No. 2143564 (England and Wales)
LOCAL LEISURE LIMITED Unaudited accounts for the year ended 31 December 2024
LOCAL LEISURE LIMITED Unaudited accounts Contents
Page
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LOCAL LEISURE LIMITED Company Information for the year ended 31 December 2024
Directors
Mr. B. S. Holland Mrs. B. J. Holland
Company Number
2143564 (England and Wales)
Registered Office
The Downshire 71 Baldwins Lane, Croxley Green Rickmansworth Herts WD3 3LT United Lingdom
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
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LOCAL LEISURE LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
258,642 
160,502 
Current assets
Cash at bank and in hand
137,704 
201,024 
Creditors: amounts falling due within one year
(299,694)
(269,080)
Net current liabilities
(161,990)
(68,056)
Total assets less current liabilities
96,652 
92,446 
Creditors: amounts falling due after more than one year
(23,030)
(6,104)
Provisions for liabilities
Deferred tax
(20,970)
(32,101)
Net assets
52,652 
54,241 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,552 
54,141 
Shareholders' funds
52,652 
54,241 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
Mr. B. S. Holland Director Company Registration No. 2143564
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LOCAL LEISURE LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
LOCAL LEISURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 2143564. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Herts, WD3 3LT, United Lingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balane
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
These financial statements have been prepared on a going concern basis.
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LOCAL LEISURE LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
316,650 
59,668 
376,318 
Additions
148,219 
- 
148,219 
At 31 December 2024
464,869 
59,668 
524,537 
Depreciation
At 1 January 2024
171,771 
44,045 
215,816 
Charge for the year
46,173 
3,906 
50,079 
At 31 December 2024
217,944 
47,951 
265,895 
Net book value
At 31 December 2024
246,925 
11,717 
258,642 
At 31 December 2023
144,879 
15,623 
160,502 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,452 
10,548 
Obligations under finance leases and hire purchase contracts
12,504 
11,213 
Trade creditors
33,598 
25,218 
Other creditors
20,480 
16,441 
Loans from directors
225,660 
205,660 
299,694 
269,080 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,200 
6,104 
Obligations under finance leases and hire purchase contracts
20,830 
- 
23,030 
6,104 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
The company was under the control of Mr B.S. Holland and Mrs B.J, Holland throughout the current year.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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