Company No:
Contents
| Note | 31.08.2024 | 31.08.2023 | ||
| £ | £ | |||
| Restated - note 2 | ||||
| Fixed assets | ||||
| Investments | 4 |
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| 546,753 | 13,002 | |||
| Current assets | ||||
| Debtors | 5 |
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| 30,525 | 500 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (264,992) | (12,502) | ||
| Total assets less current liabilities | 281,761 | 500 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of European Leisure Investment Group Limited (registered number:
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B H Thomas
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
European Leisure Investment Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
The prior period adjustment relates to the correction of the fixed asset investments value. This has not resulted in a change to the prior year profit.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
| As previously reported | Adjustment | As restated | ||||
| Year ended 31 August 2023 | £ | £ | £ | |||
| Fixed asset investments | 8,657 | 4,345 | 13,002 | |||
| Amounts owed to fellow subsidiaries | (8,657) | (4,345) | (13,002) |
| Year ended 31.08.2024 |
Period from 16.08.2022 to 31.08.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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Investments in subsidiaries
| 31.08.2024 | |
| £ | |
| Cost | |
| At 01 September 2023 |
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| Additions |
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| Disposals | (
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| At 31 August 2024 |
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| Carrying value at 31 August 2024 |
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| Carrying value at 31 August 2023 |
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Investments in shares
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.08.2024 |
Ownership 31.08.2023 |
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2 route de Brouilla - 66740 Saint Genis des Fontaines | Motorhome related trade |
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3 Impasse Carnot - 30400 Villeneuve-Les-Avignon | Motorhome related trade |
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Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW | Motorhome related trade |
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4 Cedar Park, Cobham Road, Ferndown, Industrial Estate, Wimborne, Dorset, BH21 7SF | Motorhome related trade |
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| GNV Europe | 17 Boulevard Augustin Cieussa - 13007 Marseille | Motorhome related trade | Ordinary | 0.00% | 50.00% |
| 31.08.2024 | 31.08.2023 | ||
| £ | £ | ||
| Other debtors |
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| 31.08.2024 | 31.08.2023 | ||
| £ | £ | ||
| Amounts owed to fellow subsidiaries |
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| Other creditors |
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| 31.08.2024 | 31.08.2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 5,268 | 500 | ||
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| 265,268 | 500 |