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SPRINGLEA LEISURE LIMITED

Registered Number
03958087
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

SPRINGLEA LEISURE LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

WILLIAMSON, John
WILLIAMSON, Nicholas John
WILLIAMSON, Shawn Lee

Company Secretary

WILLIAMSON, John

Registered Address

Spring Lea
Main Road, Allonby
Maryport
CA15 6QF

Registered Number

03958087 (England and Wales)
SPRINGLEA LEISURE LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets41,381,1841,427,769
Investments5956,243898,260
2,337,4272,326,029
Current assets
Stocks6162,219186,260
Debtors10,30713,235
Cash at bank and on hand1,031,201718,906
1,203,727918,401
Creditors amounts falling due within one year7(721,072)(707,421)
Net current assets (liabilities)482,655210,980
Total assets less current liabilities2,820,0822,537,009
Provisions for liabilities8(10,374)(13,513)
Net assets2,809,7082,523,496
Capital and reserves
Called up share capital100100
Profit and loss account2,809,6082,523,396
Shareholders' funds2,809,7082,523,496
The financial statements were approved and authorised for issue by the Board of Directors on 23 April 2025, and are signed on its behalf by:
WILLIAMSON, John
Director
Registered Company No. 03958087
SPRINGLEA LEISURE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Interest income
Interest income is recognised using the effective interest rate method.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings10
Plant and machinery10
Vehicles5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year910
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 24157,000157,000
At 31 December 24157,000157,000
Amortisation and impairment
At 01 January 24157,000157,000
At 31 December 24157,000157,000
Net book value
At 31 December 24--
At 31 December 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 January 242,002,530309,84328,7652,341,138
At 31 December 242,002,530309,84328,7652,341,138
Depreciation and impairment
At 01 January 24628,809278,6885,872913,369
Charge for year34,0317,2715,28346,585
At 31 December 24662,840285,95911,155959,954
Net book value
At 31 December 241,339,69023,88417,6101,381,184
At 31 December 231,373,72131,15522,8931,427,769
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 24898,260898,260
Revaluations57,98357,983
At 31 December 24956,243956,243
Net book value
At 31 December 24956,243956,243
At 31 December 23898,260898,260

Notes

1Other investments other than loans
6.Stocks

2024

2023

££
Other stocks162,219186,260
Total162,219186,260
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,0587,907
Taxation and social security108,51998,795
Redeemable preference shares, liability120,000120,000
Other creditors482,655475,095
Accrued liabilities and deferred income2,8405,624
Total721,072707,421
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,37413,513
Total10,37413,513