IRIS Accounts Production v24.3.2.46 14884135 Board of Directors 22.5.23 31.5.24 31.5.24 21.3.25 false true false false false true false Auditors Opinion A Ordinary 0.0500 B Ordinary 0.0500 C1 Ordinary 0.0500 C2 Ordinary 0.0500 0.0500 0.0500 0.0500 0.0500 A Ordinary 0.0500 B Ordinary 0.0500 C1 Ordinary 0.0500 C2 Ordinary 0.0500 0.0500 0.0500 0.0500 0.0500 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh148841352023-05-21148841352024-05-31148841352023-05-222024-05-31148841352023-05-2114884135ns15:EnglandWales2023-05-222024-05-3114884135ns14:PoundSterling2023-05-222024-05-3114884135ns10:Director12023-05-222024-05-3114884135ns10:PrivateLimitedCompanyLtd2023-05-222024-05-3114884135ns10:SmallEntities2023-05-222024-05-3114884135ns10:Audited2023-05-222024-05-3114884135ns10:SmallCompaniesRegimeForDirectorsReport2023-05-222024-05-3114884135ns10:SmallCompaniesRegimeForAccounts2023-05-222024-05-3114884135ns10:FullAccounts2023-05-222024-05-311488413512023-05-222024-05-3114884135ns10:OrdinaryShareClass12023-05-222024-05-3114884135ns10:OrdinaryShareClass22023-05-222024-05-3114884135ns10:OrdinaryShareClass32023-05-222024-05-3114884135ns10:OrdinaryShareClass42023-05-222024-05-3114884135ns10:OrdinaryShareClass332023-05-222024-05-31148841354ns10:OrdinaryShareClass42023-05-222024-05-311488413511ns10:OrdinaryShareClass12023-05-222024-05-3114884135ns10:OrdinaryShareClass2122023-05-222024-05-3114884135ns10:Director22023-05-222024-05-3114884135ns10:RegisteredOffice2023-05-222024-05-3114884135ns5:CurrentFinancialInstruments2024-05-3114884135ns5:Non-currentFinancialInstruments2024-05-3114884135ns5:ShareCapital2024-05-3114884135ns5:SharePremium2024-05-3114884135ns5:RetainedEarningsAccumulatedLosses2024-05-3114884135ns5:IntangibleAssetsOtherThanGoodwill2023-05-222024-05-3114884135ns5:ComputerSoftware2023-05-222024-05-3114884135ns5:IntangibleAssetsOtherThanGoodwill2024-05-3114884135ns5:LeaseholdImprovements2023-05-222024-05-3114884135ns5:PlantMachinery2023-05-222024-05-3114884135ns5:FurnitureFittings2023-05-222024-05-3114884135ns5:ComputerEquipment2023-05-222024-05-3114884135ns5:LeaseholdImprovements2024-05-3114884135ns5:PlantMachinery2024-05-3114884135ns5:FurnitureFittings2024-05-3114884135ns5:ComputerEquipment2024-05-3114884135ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3114884135ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-05-3114884135ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3114884135ns5:Non-currentFinancialInstruments2023-05-222024-05-3114884135ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3114884135ns5:FinanceLeasesns5:BetweenOneFiveYears2024-05-3114884135ns5:FinanceLeases2024-05-3114884135ns5:WithinOneYear2024-05-3114884135ns5:BetweenOneFiveYears2024-05-3114884135ns5:MoreThanFiveYears2024-05-3114884135ns5:AllPeriods2024-05-3114884135ns10:OrdinaryShareClass12024-05-3114884135ns10:OrdinaryShareClass22024-05-3114884135ns10:OrdinaryShareClass32024-05-3114884135ns10:OrdinaryShareClass42024-05-31
REGISTERED NUMBER: 14884135 (England and Wales)















Financial Statements

for the Period 22 May 2023 to 31 May 2024

for

BIG BOX LEISURE CLUB LIMITED

BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Contents of the Financial Statements
for the Period 22 May 2023 to 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIG BOX LEISURE CLUB LIMITED

Company Information
for the Period 22 May 2023 to 31 May 2024







Directors: S J Ryan
J R Lyne





Registered office: C/o Waterside Hotel
Wilmslow Road
United Kingdom
Manchester
M20 5WZ





Registered number: 14884135 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Balance Sheet
31 May 2024

Notes £    £   
Fixed assets
Intangible assets 5 28,462
Tangible assets 6 4,088,955
4,117,417

Current assets
Debtors 7 302,959
Cash at bank and in hand 27,935
330,894
Creditors
Amounts falling due within one year 8 1,203,469
Net current liabilities (872,575 )
Total assets less current liabilities 3,244,842

Creditors
Amounts falling due after more than one
year

9

(683,396

)

Accruals and deferred income (388,596 )
Net assets 2,172,850

Capital and reserves
Called up share capital 11 50,000
Share premium 2,526,800
Retained earnings (403,950 )
Shareholders' funds 2,172,850

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





S J Ryan - Director


BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Notes to the Financial Statements
for the Period 22 May 2023 to 31 May 2024


1. Statutory information

Big Box Leisure Club 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

As at 31 May 2024, the entity has net current liabilities of £872,575 but net assets of £2,174,648.
In assessing the appropriateness of the going concern basis of accounting, the directors have taken into account a number of factors including post year-end funding received, current operating performance and cash liquidity. They have prepared forecasts up to May 2026, and based on those forecasts and current performance have a reasonable expectation that there are adequate resources for a period of at least 12 months from the date of approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.

Significant judgements and estimates
In preparing these financial statements, the directors have had to make the following judgements:

- Determine whether leases entered into by the company either as a lessor or a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Membership dues are included in turnover on an accruals basis.

Sales of food and beverage are recognised as revenue on the date of the sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Notes to the Financial Statements - continued
for the Period 22 May 2023 to 31 May 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is provided on the following basis:

Improvements to property - over 15 years
Plant and machinery - 20% straight line
Fixtures and fittings - 25% straight line
Office equipment - 25% straight line

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial statements.

(i) Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Notes to the Financial Statements - continued
for the Period 22 May 2023 to 31 May 2024


3. 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.

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 period 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.

4. Employees and directors

The average number of employees during the period was 26 .

5. Intangible fixed assets
Other
intangible
assets
£   
Cost
Additions 32,151
At 31 May 2024 32,151
Amortisation
Charge for period 3,689
At 31 May 2024 3,689
Net book value
At 31 May 2024 28,462

BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Notes to the Financial Statements - continued
for the Period 22 May 2023 to 31 May 2024


6. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
Additions 3,873,985 220,320 83,679 39,077 4,217,061
Disposals - (11,438 ) - - (11,438 )
At 31 May 2024 3,873,985 208,882 83,679 39,077 4,205,623
Depreciation
Charge for period 99,377 9,405 5,904 1,982 116,668
At 31 May 2024 99,377 9,405 5,904 1,982 116,668
Net book value
At 31 May 2024 3,774,608 199,477 77,775 37,095 4,088,955

Assets held under finance leases have cost of £359,638, depreciation of £12,948 and a net book value of £346,690.

7. Debtors
£   
Amounts falling due within one year:
Trade debtors 2,268
Other debtors 182,912
185,180

Amounts falling due after more than one year:
Other debtors 117,779

Aggregate amounts 302,959

8. Creditors: amounts falling due within one year
£   
Finance leases (see note 10) 90,388
Trade creditors 565,061
Social security and other taxes 10,407
Other creditors 118,921
Accruals and deferred income 418,692
1,203,469

9. Creditors: amounts falling due after more than one year
£   
Loan notes 442,199
Finance leases (see note 10) 241,197
683,396

The loan notes are 10% fixed rate unsecured loan notes repayable in 2026.

BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Notes to the Financial Statements - continued
for the Period 22 May 2023 to 31 May 2024


10. Leasing agreements

Minimum lease payments fall due as follows:

Finance
leases

£   
Net obligations repayable:
Within one year 90,388
Between one and five years 241,197
331,585

Non-cancellable operating leases
£   
Within one year 580,244
Between one and five years 2,592,696
In more than five years 4,500,000
7,672,940

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
5,091,008 A Ordinary 0.5p 25,455
1,908,992 B Ordinary 0.5p 9,545
2,000,000 C1 Ordinary 0.5p 10,000
1,000,000 C2 Ordinary 0.5p 5,000
50,000

Shares were issued during the period as follows:

Cash at par
2,000,000 C1 Ordinary shares of 0.5p for £ 10,000
1,000,000 C2 Ordinary shares of 0.5p for £ 5,000

Cash at premium
5,091,008 A Ordinary shares of 0.5p for £ 1,866,873
1,908,992 B Ordinary shares of 0.5p for £ 695,004

The shares are ranked pari passu.

12. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

BIG BOX LEISURE CLUB LIMITED (REGISTERED NUMBER: 14884135)

Notes to the Financial Statements - continued
for the Period 22 May 2023 to 31 May 2024


13. Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amount to £2,842.

Contributions totalling £6,632 were payable to the scheme at the year-end and are included in creditors.

14. Related party disclosures

Within other creditors, there is a balance of £112,158 from a related party arising from a balance transferred with no loan agreement. The balance carries no interest.The parties are connected through common directors.