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REGISTERED NUMBER: 08632004 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JAYBANK LEISURE LIMITED

JAYBANK LEISURE LIMITED (REGISTERED NUMBER: 08632004)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAYBANK LEISURE LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: N E Hanley
Mrs K M Hanley





REGISTERED OFFICE: Jaybank
High Street
Mawdesley
Ormskirk
Lancashire
L40 3TD





REGISTERED NUMBER: 08632004 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

JAYBANK LEISURE LIMITED (REGISTERED NUMBER: 08632004)

STATEMENT OF FINANCIAL POSITION
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,216,581 6,513,384

CURRENT ASSETS
Debtors 5 321,080 180,003
Cash at bank 316,118 643,028
637,198 823,031
CREDITORS
Amounts falling due within one year 6 1,465,886 1,411,326
NET CURRENT LIABILITIES (828,688 ) (588,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,387,893

5,925,089

CREDITORS
Amounts falling due after more than one
year

7

(3,199,962

)

(1,895,339

)

PROVISIONS FOR LIABILITIES (880,000 ) (785,755 )
NET ASSETS 3,307,931 3,243,995

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Retained earnings 2,807,931 2,743,995
SHAREHOLDERS' FUNDS 3,307,931 3,243,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JAYBANK LEISURE LIMITED (REGISTERED NUMBER: 08632004)

STATEMENT OF FINANCIAL POSITION - continued
31 August 2024


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 26 March 2025 and were signed on its behalf by:





N E Hanley - Director


JAYBANK LEISURE LIMITED (REGISTERED NUMBER: 08632004)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Jaybank Leisure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the net invoiced value of services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 7.5% on cost
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan
accounts, trade creditors, accruals and hire purchase agreements.

Financial instruments that are payable or receivable within one year, typically Directors' loan accounts, trade
creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loans are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JAYBANK LEISURE LIMITED (REGISTERED NUMBER: 08632004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 85,145 1,603 10,293,513 29,131 10,409,392
Additions 318 - 3,389,626 1,375 3,391,319
Disposals - - (2,087,532 ) - (2,087,532 )
At 31 August 2024 85,463 1,603 11,595,607 30,506 11,713,179
DEPRECIATION
At 1 September 2023 12,999 1,080 3,862,793 19,136 3,896,008
Charge for year 10,849 78 700,773 2,616 714,316
Eliminated on disposal - - (1,113,726 ) - (1,113,726 )
At 31 August 2024 23,848 1,158 3,449,840 21,752 3,496,598
NET BOOK VALUE
At 31 August 2024 61,615 445 8,145,767 8,754 8,216,581
At 31 August 2023 72,146 523 6,430,720 9,995 6,513,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,396 130,243
Other debtors 187,684 49,760
321,080 180,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,333 -
Hire purchase contracts 1,327,259 1,064,789
Trade creditors 53,525 23,646
Taxation and social security 18,827 258,215
Other creditors 62,942 64,676
1,465,886 1,411,326

JAYBANK LEISURE LIMITED (REGISTERED NUMBER: 08632004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 2,918,329 1,540,824
Other creditors 281,633 354,515
3,199,962 1,895,339

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

2024 2023
£    £   
N E Hanley
Balance outstanding at start of year 49,760 -
Amounts advanced 89,011 49,760
Amounts repaid (100,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,771 49,760

Interest has been charged on the amount owed by the Directors at 2% to 5 April 2023 and 2.25% with effect from 6 April 2023. This is in accordance with HMRC's official rate of interest.

The directors loan account was repaid in full in March 2025.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr N Hanley by virtue of his shareholding in the parent company, Hanley of Jaybank.