IRIS Accounts Production v24.3.2.46 03070261 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false 472249 472272 78 12077 12100 472327 472249 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030702612023-06-30030702612024-06-30030702612023-07-012024-06-30030702612022-06-30030702612022-07-012023-06-30030702612023-06-3003070261ns15:EnglandWales2023-07-012024-06-3003070261ns14:PoundSterling2023-07-012024-06-3003070261ns10:Director12023-07-012024-06-3003070261ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003070261ns10:SmallEntities2023-07-012024-06-3003070261ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003070261ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003070261ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003070261ns10:FullAccounts2023-07-012024-06-3003070261ns10:Director2422023-06-3003070261ns10:Director2422022-06-3003070261ns10:Director2422023-07-012024-06-3003070261ns10:Director2422022-07-012023-06-3003070261ns10:Director2422024-06-3003070261ns10:Director2422023-06-3003070261ns10:Director22023-07-012024-06-3003070261ns10:RegisteredOffice2023-07-012024-06-3003070261ns5:CurrentFinancialInstruments2024-06-3003070261ns5:CurrentFinancialInstruments2023-06-3003070261ns5:Non-currentFinancialInstruments2024-06-3003070261ns5:Non-currentFinancialInstruments2023-06-3003070261ns5:ShareCapital2024-06-3003070261ns5:ShareCapital2023-06-3003070261ns5:CapitalRedemptionReserve2024-06-3003070261ns5:CapitalRedemptionReserve2023-06-3003070261ns5:RetainedEarningsAccumulatedLosses2024-06-3003070261ns5:RetainedEarningsAccumulatedLosses2023-06-3003070261ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3003070261ns5:FurnitureFittings2023-07-012024-06-3003070261ns5:MotorVehicles2023-07-012024-06-3003070261ns5:LandBuildings2023-06-3003070261ns5:FurnitureFittings2023-06-3003070261ns5:MotorVehicles2023-06-3003070261ns5:LandBuildings2023-07-012024-06-3003070261ns5:LandBuildings2024-06-3003070261ns5:FurnitureFittings2024-06-3003070261ns5:MotorVehicles2024-06-3003070261ns5:LandBuildings2023-06-3003070261ns5:FurnitureFittings2023-06-3003070261ns5:MotorVehicles2023-06-3003070261ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003070261ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003070261ns5:Secured2024-06-3003070261ns5:Secured2023-06-30030702611ns10:Director12023-06-30030702611ns10:Director12022-06-30030702611ns10:Director12023-07-012024-06-30030702611ns10:Director12022-07-012023-06-30030702611ns10:Director12024-06-30030702611ns10:Director12023-06-30
REGISTERED NUMBER: 03070261 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WEAVER LEISURE LIMITED

WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

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


WEAVER LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr PJ Weaver
Mrs PJ Weaver



REGISTERED OFFICE: 48 Middleton Gardens
Tangmere
Chichester
West Sussex
PO20 2JD



REGISTERED NUMBER: 03070261 (England and Wales)



BANKERS: Barclays Bank Plc
19 High Street
Lutterworth
Leicestershire
LE17 4AU

WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,689,110 1,758,633

CURRENT ASSETS
Stocks 5 88,404 99,237
Debtors 6 700,914 700,523
Cash at bank and in hand 538,066 594,335
1,327,384 1,394,095
CREDITORS
Amounts falling due within one year 7 1,114,586 1,129,156
NET CURRENT ASSETS 212,798 264,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,901,908

2,023,572

CREDITORS
Amounts falling due after more than one
year

8

(762,190

)

(915,820

)

PROVISIONS FOR LIABILITIES (25,142 ) (24,796 )
NET ASSETS 1,114,576 1,082,956

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Capital redemption reserve 1 1
Retained earnings 1,014,575 982,955
SHAREHOLDERS' FUNDS 1,114,576 1,082,956

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.

WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

BALANCE SHEET - continued
30 JUNE 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 27 March 2025 and were signed on its behalf by:





Mr PJ Weaver - Director


WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Weaver 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost of buildings
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

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.

WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

Investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 144 (2023 - 142 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 2,205,948 1,568,325 39,001 3,813,274
Additions - 2,600 - 2,600
At 30 June 2024 2,205,948 1,570,925 39,001 3,815,874
DEPRECIATION
At 1 July 2023 630,174 1,403,726 20,741 2,054,641
Charge for year 34,118 33,440 4,565 72,123
At 30 June 2024 664,292 1,437,166 25,306 2,126,764
NET BOOK VALUE
At 30 June 2024 1,541,656 133,759 13,695 1,689,110
At 30 June 2023 1,575,774 164,599 18,260 1,758,633

Included in cost of land and buildings is freehold land of £ 500,000 (2023 - £ 500,000 ) which is not depreciated.

5. STOCKS
2024 2023
£    £   
Goods for resale 88,404 99,237

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,210 -
Other debtors 699,704 700,523
700,914 700,523

WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 154,447 142,456
Trade creditors 262,502 282,070
Taxation and social security 360,023 359,606
Other creditors 337,614 345,024
1,114,586 1,129,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 762,190 915,820

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 916,637 1,058,276

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr PJ Weaver and Mrs PJ Weaver
Balance outstanding at start of year 472,249 472,272
Amounts advanced 78 12,077
Amounts repaid - (12,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 472,327 472,249

11. RELATED PARTY DISCLOSURES

Included in other debtors is an amount owed by H2O Charters LLP of which the company and Mr PJ Weaver are both members. The amount owing to Weaver Leisure Limited at 30 June 2024 was zero (2023 the amount owing to Weaver Leisure Limited was zero after recovery of debt of £286,746 and further provision for bad debt of £10,034).

Mr PJ Weaver has provided Barclays Bank with charges on life policies.

Mr PJ Weaver has provided personal guarantees to Barclays Bank in respect of the company's bank loan and overdraft.

WEAVER LEISURE LIMITED (REGISTERED NUMBER: 03070261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


12. ULTIMATE CONTROLLING PARTY

Mr PJ Weaver is considered to be the controlling party of the company by virtue of his directorship and shareholding.