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REGISTERED NUMBER: NI656682 (Northern Ireland)















RNS LEISURE LTD

Unaudited Financial Statements for the Year Ended 30 September 2024






RNS LEISURE LTD (REGISTERED NUMBER: NI656682)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RNS LEISURE LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Richard Nigel Scott





REGISTERED OFFICE: 10 Northland Row
Dungannon
Tyrone
BT71 6DN





REGISTERED NUMBER: NI656682 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

RNS LEISURE LTD (REGISTERED NUMBER: NI656682)

Statement of Financial Position
30 SEPTEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 89,250 110,250
Property, plant and equipment 6 144,307 167,443
233,557 277,693

CURRENT ASSETS
Inventories 7,548 8,139
Receivables: amounts falling due within
one year

7

31,398

43,744
Cash at bank and in hand 22,985 28,913
61,931 80,796
PAYABLES
Amounts falling due within one year 8 (496,788 ) (476,094 )
NET CURRENT LIABILITIES (434,857 ) (395,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(201,300

)

(117,605

)

PAYABLES
Amounts falling due after more than
one year

9

(14,999

)

(34,999

)
NET LIABILITIES (216,299 ) (152,604 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (216,399 ) (152,704 )
(216,299 ) (152,604 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 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.

RNS LEISURE LTD (REGISTERED NUMBER: NI656682)

Statement of Financial Position - continued
30 SEPTEMBER 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 director and authorised for issue on 10 January 2025 and were signed by:





Richard Nigel Scott - Director


RNS LEISURE LTD (REGISTERED NUMBER: NI656682)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

RNS Leisure Ltd is a private company, limited by shares , registered in Northern Ireland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% straight line
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line

Inventories
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


RNS LEISURE LTD (REGISTERED NUMBER: NI656682)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank
overdrafts. Bank overdrafts are shown within current liabilities.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 50 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 210,000
AMORTISATION
At 1 October 2023 99,750
Amortisation for year 21,000
At 30 September 2024 120,750
NET BOOK VALUE
At 30 September 2024 89,250
At 30 September 2023 110,250

RNS LEISURE LTD (REGISTERED NUMBER: NI656682)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 October 2023 2,121 327,814 15,701 3,024 348,660
Additions - 4,400 - - 4,400
At 30 September 2024 2,121 332,214 15,701 3,024 353,060
DEPRECIATION
At 1 October 2023 1,216 169,969 9,157 875 181,217
Charge for year 580 24,322 1,636 998 27,536
At 30 September 2024 1,796 194,291 10,793 1,873 208,753
NET BOOK VALUE
At 30 September 2024 325 137,923 4,908 1,151 144,307
At 30 September 2023 905 157,845 6,544 2,149 167,443

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 21,938 21,938
Other debtors 9,460 21,806
31,398 43,744

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 84,545 92,771
Trade payables 87,044 114,849
Taxation and social security 60,894 58,892
Other payables 264,305 209,582
496,788 476,094

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 14,999 34,999

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £21,946 was due to the director by the company in respect of monies advanced to the company.