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REGISTERED NUMBER: 03844316 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

S & D LEISURE (EUROPE) LIMITED

S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 400 -
Tangible assets 5 923,112 806,854
Investment property 6 1,556,217 1,324,024
2,479,729 2,130,878

CURRENT ASSETS
Stocks 1,946 1,814
Debtors 7 85,624 -
Cash at bank and in hand 18,901 21,092
106,471 22,906
CREDITORS
Amounts falling due within one year 8 (1,281,909 ) (1,057,396 )
NET CURRENT LIABILITIES (1,175,438 ) (1,034,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,304,291

1,096,388

CREDITORS
Amounts falling due after more than one
year

9

(359,519

)

(395,056

)

PROVISIONS FOR LIABILITIES (225,145 ) (246,283 )
NET ASSETS 719,627 455,049

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 11 192,714 192,714
Retained earnings 526,911 262,333
719,627 455,049

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

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

S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account 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:





S S Reeves - Director


S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

S & D Leisure (Europe) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03844316

Registered office: 5 Brookland Place
Brooklands Road
Sale
Cheshire
M33 3SD

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 8 years with residual value of 10%
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 429
At 31 March 2024 429
AMORTISATION
Charge for year 29
At 31 March 2024 29
NET BOOK VALUE
At 31 March 2024 400

S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 351,657 647,245 207,637
Additions 54,864 14,879 163,831
At 31 March 2024 406,521 662,124 371,468
DEPRECIATION
At 1 April 2023 - 382,488 51,909
Charge for year 3,049 27,963 79,890
At 31 March 2024 3,049 410,451 131,799
NET BOOK VALUE
At 31 March 2024 403,472 251,673 239,669
At 31 March 2023 351,657 264,757 155,728

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 158,306 - 1,364,845
Additions - 2,548 236,122
At 31 March 2024 158,306 2,548 1,600,967
DEPRECIATION
At 1 April 2023 123,594 - 557,991
Charge for year 8,679 283 119,864
At 31 March 2024 132,273 283 677,855
NET BOOK VALUE
At 31 March 2024 26,033 2,265 923,112
At 31 March 2023 34,712 - 806,854

S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 30,802
DEPRECIATION
At 1 April 2023 10,588
Charge for year 5,054
At 31 March 2024 15,642
NET BOOK VALUE
At 31 March 2024 15,160
At 31 March 2023 20,214

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,360,471
Additions 232,193
At 31 March 2024 1,592,664
DEPRECIATION
At 1 April 2023
and 31 March 2024 36,447
NET BOOK VALUE
At 31 March 2024 1,556,217
At 31 March 2023 1,324,024

Investment property was revalued as at 31 March 2020 to its fair value of £670,000 by Briscombe Estate Agents, who are independent of the company and have experience of valuing similar properties. During the year, additions to the property amount to £410,811 (2022: £247,748), additional improvements to property have also been undertaken in the year amounting to £351,657. If investment property were included in the balance sheet on an historical cost basis, then the carrying amount would be £662,894, including accumulated depreciation of £36,447.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 85,624 -

S & D LEISURE (EUROPE) LIMITED (REGISTERED NUMBER: 03844316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 133,163 45,752
Hire purchase contracts 4,278 10,267
Trade creditors 169,013 142,504
Taxation and social security 141,922 91,830
Other creditors 833,533 767,043
1,281,909 1,057,396

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 159,519 190,778
Hire purchase contracts - 4,278
Other creditors 200,000 200,000
359,519 395,056

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,278 14,545
Bank loans 179,383 194,863
183,661 209,408

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 192,714

12. RELATED PARTY DISCLOSURES

At the balance sheet date £261,978 (2023: £325,645) was owing from a company under common control.