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REGISTERED NUMBER: 04334179 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

HORTON LEISURE LIMITED

HORTON LEISURE LIMITED (REGISTERED NUMBER: 04334179)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HORTON LEISURE LIMITED

Company Information
for the year ended 31 July 2024







Director: Mr G J Perkins





Secretary: Mr M W Perkins





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 04334179 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

HORTON LEISURE LIMITED (REGISTERED NUMBER: 04334179)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,370 5,646
Investment property 5 1,750,000 1,750,000
1,761,370 1,755,646

Current assets
Debtors 6 93,927 88,551
Cash at bank 53,726 213,775
147,653 302,326
Creditors
Amounts falling due within one year 7 69,272 58,200
Net current assets 78,381 244,126
Total assets less current liabilities 1,839,751 1,999,772

Provisions for liabilities 8 318,138 316,707
Net assets 1,521,613 1,683,065

Capital and reserves
Called up share capital 9 164 164
Share premium 10 249,936 249,936
Revaluation reserve 10 1,021,557 1,021,557
Retained earnings 10 249,956 411,408
Shareholders' funds 1,521,613 1,683,065

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 April 2025 and were signed by:




Mr G J Perkins - Director


HORTON LEISURE LIMITED (REGISTERED NUMBER: 04334179)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Horton 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 as modified by the revaluation of certain assets.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery - 33% Reducing balance

Investment property
Investment property held as fixed assets are subject to revaluation to reflect current market value.

HORTON LEISURE LIMITED (REGISTERED NUMBER: 04334179)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 August 2023 386,182 30,690 416,872
Additions 9,728 - 9,728
At 31 July 2024 395,910 30,690 426,600
Depreciation
At 1 August 2023 380,536 30,690 411,226
Charge for year 4,004 - 4,004
At 31 July 2024 384,540 30,690 415,230
Net book value
At 31 July 2024 11,370 - 11,370
At 31 July 2023 5,646 - 5,646

5. Investment property
Total
£   
Fair value
At 1 August 2023
and 31 July 2024 1,750,000
Net book value
At 31 July 2024 1,750,000
At 31 July 2023 1,750,000

The investment property was revalued by the directors in 2021 to reflect the current market value.

HORTON LEISURE LIMITED (REGISTERED NUMBER: 04334179)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 93,927 88,176
Other debtors - 375
93,927 88,551

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 53,953 37,424
Other creditors 15,319 20,776
69,272 58,200

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 318,138 316,707

Deferred
tax
£   
Balance at 1 August 2023 316,707
Provided during year 1,431
Balance at 31 July 2024 318,138

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
164 Ordinary £1 164 164

10. Reserves
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 August 2023 411,408 249,936 1,021,557 1,682,901
Profit for the year 38,548 38,548
Dividends (200,000 ) (200,000 )
At 31 July 2024 249,956 249,936 1,021,557 1,521,449

HORTON LEISURE LIMITED (REGISTERED NUMBER: 04334179)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


11. Related party disclosures

Horton Leisure Limited is a subsidiary of H&G Car Parks Limited. Included in the accounts are balances due to/from the parent company H&G Car Parks Limited and related company Step Property Limited. Companies registered in England and Wales which form part of the Step Property Group are summarised as follows:



Amounts due
from Associated
Companies
Amounts due
to Associated
Companies
H&G Car Parks Limited £Nil
Step Property Limited £6,000

The company was charged by Step Property Limited amounts of £5,000 (2023: £5,000) for management fees in the year. All transactions were on normal commercial terms.

12. Ultimate controlling party

The company is controlled by the directors of Step Property Group Limited, the ultimate parent company.