Registration number:
Abbey Leisure Group Limited
for the Year Ended 31 December 2024
Abbey Leisure Group Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Abbey Leisure Group Limited
Company Information
Directors |
Mr M C Aljoe Mr J M Aljoe Mrs S Aljoe |
Company secretary |
Mr M C Aljoe |
Registered office |
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Registered number |
00887321 |
Accountants |
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Abbey Leisure Group Limited
(Registration number: 00887321)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
1,307,374 |
1,301,526 |
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Shareholders' funds |
1,307,474 |
1,301,626 |
Abbey Leisure Group Limited
(Registration number: 00887321)
Balance Sheet as at 31 December 2024
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Abbey Leisure Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Old Trees
Green Dene
East Horsley
Surrey
KT24 5RF
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
As the group is small, hence it is exempted from preparing consolidated group accounts.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Abbey Leisure Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Government grants
Government grants in relation to expenditure are credited to profit and loss account when the expenditure is charged to profit and loss.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Asset class |
Depreciation method and rate |
Office equipment |
15% on reducing balance |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Abbey Leisure Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the profit and loss account
2024 |
2023 |
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Current taxation |
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UK corporation tax |
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Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Disposals |
( |
- |
( |
At 31 December 2024 |
- |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
- |
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Eliminated on disposal |
( |
- |
( |
At 31 December 2024 |
- |
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Carrying amount |
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At 31 December 2024 |
- |
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At 31 December 2023 |
- |
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Abbey Leisure Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Investments in subsidiaries, joint ventures and associates |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 January 2024 |
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Provision |
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At 1 January 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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26, Ghar ID-DUD Street, Sliema, Malta |
Ordinary |
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2nd Floor 32 Old Compton Street, London, England, W1D 4TP England and Wales |
Ordinary |
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Abbey Leisure Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Subsidiary undertakings |
Oberon Properties Limited The principal activity of Oberon Properties Limited is |
Abbey Box Office Limited The principal activity of Abbey Box Office Limited is |
Stocks |
2024 |
2023 |
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Finished goods and goods for resale |
- |
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Debtors |
Current |
Note |
2024 |
2023 |
Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Amounts owed by group undertakings |
66,584 |
63,059 |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Trade creditors |
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Amounts owed to related parties |
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Taxation and social security |
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Other creditors |
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Abbey Leisure Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Included in debtors within one year are:
a) £334,526 (2023: £224,768) due from D.A.M Management Limited, a company in which Mr M. C. Aljoe is a director and shareholder.
b) £12,711 (2023: £6,597) due from Abbey Box Office Limited, a subsidiary company of Abbey Leisure Group Limited.
c) £66,584 (2023: £63,059) due from Oberon Properties Limited, a subsidiary company of Abbey Leisure Group Limited.
d) £3,150 (2023: £3,150) due from Abbey Executive Services Limited, in which Mr M. C. Aljoe is a director and shareholder.
Included in creditors due within one year are:
a) £93,103 (2023: £93,103) due to Abbey International Events Limited, a company in which Mr M. C. Aljoe is a director and shareholder.
b) £107,155 (2023: £40,198) due to Abbey Leisure Events Limited, a company in which Mr M. C. Aljoe is a director and shareholder.
c) £27,341 (2023: £27,341) due to Helenslea Limited, a company in which Mr M. C. Aljoe is a director and shareholder.