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Registration number: 00887321

Abbey Leisure Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Abbey Leisure Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

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

9A Burroughs Gardens
London
NW4 4AU

Registered number

00887321

Accountants

Ripe LLP
Chartered accountants9A Burroughs Gardens
London
NW4 4AU

 

Abbey Leisure Group Limited

(Registration number: 00887321)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,477

1,737

Investments

6

705,000

705,000

 

706,477

706,737

Current assets

 

Stocks

7

-

81,580

Debtors

8

558,061

558,480

Cash at bank and in hand

 

321,010

295,901

 

879,071

935,961

Creditors: Amounts falling due within one year

9

(278,074)

(341,072)

Net current assets

 

600,997

594,889

Net assets

 

1,307,474

1,301,626

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

1,307,374

1,301,526

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr M C Aljoe
Company secretary and director

 

Abbey Leisure Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9A Burroughs Gardens
London
NW4 4AU
England

The principal place of business is:
Old Trees
Green Dene
East Horsley
Surrey
KT24 5RF

2

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

2,626

12,537

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

1,080

3,915

4,995

Disposals

(1,080)

-

(1,080)

At 31 December 2024

-

3,915

3,915

Depreciation

At 1 January 2024

1,080

2,178

3,258

Charge for the year

-

260

260

Eliminated on disposal

(1,080)

-

(1,080)

At 31 December 2024

-

2,438

2,438

Carrying amount

At 31 December 2024

-

1,477

1,477

At 31 December 2023

-

1,737

1,737

 

Abbey Leisure Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Investments in subsidiaries, joint ventures and associates

2024
£

2023
£

Investments in subsidiaries

705,000

705,000

Subsidiaries

£

Cost or valuation

At 1 January 2024

835,000

Provision

At 1 January 2024

130,000

Carrying amount

At 31 December 2024

705,000

At 31 December 2023

705,000

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

     

2024

2023

Subsidiary undertakings

Oberon Properties Limited

26, Ghar ID-DUD Street, Sliema,

Malta

Ordinary

100%

100%

Abbey Box Office Limited

2nd Floor 32 Old Compton Street, London, England, W1D 4TP

England and Wales

Ordinary

99.98%

99.98%

 

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 property investment.

Abbey Box Office Limited

The principal activity of Abbey Box Office Limited is buying and selling of sports events tickets.

7

Stocks

2024
£

2023
£

Finished goods and goods for resale

-

81,580

8

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

34,454

156,302

Amounts owed by related parties

11

347,237

231,364

Other debtors

 

109,786

107,755

Amounts owed by group undertakings

11

66,584

63,059

   

558,061

558,480

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Trade creditors

 

16,200

126,227

Amounts owed to related parties

11

227,598

160,642

Taxation and social security

 

5,003

18,326

Other creditors

 

29,273

35,877

 

278,074

341,072

 

Abbey Leisure Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

11

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.