Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-234298false24falsefalse2024-01-0121No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07868149 2024-01-01 2024-12-31 07868149 2023-01-01 2023-12-31 07868149 2024-12-31 07868149 2023-12-31 07868149 c:Director1 2024-01-01 2024-12-31 07868149 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 07868149 d:Buildings d:ShortLeaseholdAssets 2024-12-31 07868149 d:Buildings d:ShortLeaseholdAssets 2023-12-31 07868149 d:LandBuildings 2024-12-31 07868149 d:LandBuildings 2023-12-31 07868149 d:PlantMachinery 2024-01-01 2024-12-31 07868149 d:PlantMachinery 2024-12-31 07868149 d:PlantMachinery 2023-12-31 07868149 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07868149 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07868149 d:MotorVehicles 2024-01-01 2024-12-31 07868149 d:MotorVehicles 2024-12-31 07868149 d:MotorVehicles 2023-12-31 07868149 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07868149 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07868149 d:FurnitureFittings 2024-01-01 2024-12-31 07868149 d:FurnitureFittings 2024-12-31 07868149 d:FurnitureFittings 2023-12-31 07868149 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07868149 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07868149 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07868149 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07868149 d:Goodwill 2024-12-31 07868149 d:Goodwill 2023-12-31 07868149 d:ComputerSoftware 2024-12-31 07868149 d:ComputerSoftware 2023-12-31 07868149 d:CurrentFinancialInstruments 2024-12-31 07868149 d:CurrentFinancialInstruments 2023-12-31 07868149 d:Non-currentFinancialInstruments 2024-12-31 07868149 d:Non-currentFinancialInstruments 2023-12-31 07868149 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07868149 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07868149 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07868149 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07868149 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 07868149 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 07868149 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 07868149 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07868149 d:ShareCapital 2024-12-31 07868149 d:ShareCapital 2023-12-31 07868149 d:RetainedEarningsAccumulatedLosses 2024-12-31 07868149 d:RetainedEarningsAccumulatedLosses 2023-12-31 07868149 c:FRS102 2024-01-01 2024-12-31 07868149 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07868149 c:FullAccounts 2024-01-01 2024-12-31 07868149 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07868149 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 07868149 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 07868149 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 07868149 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 07868149 d:HirePurchaseContracts d:MoreThanFiveYears 2024-12-31 07868149 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 07868149 2 2024-01-01 2024-12-31 07868149 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 07868149 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 07868149 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 07868149 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 07868149 d:LeasedAssetsHeldAsLessee 2024-12-31 07868149 d:LeasedAssetsHeldAsLessee 2023-12-31 07868149 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 07868149





GOLDSTAR LEISURE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




















img55b2.png

 
GOLDSTAR LEISURE LIMITED
REGISTERED NUMBER:07868149

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
924,504
1,059,675

Investments
 6 
264
-

  
924,768
1,059,675

Current assets
  

Stocks
 7 
1,180,082
933,873

Debtors: amounts falling due within one year
 8 
443,543
196,827

Bank and cash balances
  
329,786
178,644

  
1,953,411
1,309,344

Creditors: amounts falling due within one year
  
(1,598,239)
(1,106,648)

Net current assets
  
 
 
355,172
 
 
202,696

Total assets less current liabilities
  
1,279,940
1,262,371

Creditors: amounts falling due after more than one year
 9 
(362,817)
(571,004)

  

Net assets
  
917,123
691,367


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
917,023
691,267

  
917,123
691,367


Page 1

 
GOLDSTAR LEISURE LIMITED
REGISTERED NUMBER:07868149
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 May 2025.




A Rowe
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Goldstar Leisure Limited is a private company, limited by shares, domiciled in England and Wales. The registered office address is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line and reducing balance method..

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
straight-line
Plant and machinery
-
20%
reducing balance and 5% straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
straight-line

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, 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 profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
 
Page 6

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was 23 (2023 - 21)


4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 January 2024
15,111
100,000
115,111



At 31 December 2024

15,111
100,000
115,111



Amortisation


At 1 January 2024
15,111
100,000
115,111



At 31 December 2024

15,111
100,000
115,111



Net book value



At 31 December 2024
-
-
-



At 31 December 2023
-
-
-



Page 7

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
42,970
1,120,522
177,326
108,669
1,449,487


Additions
-
1,526
5,495
6,331
13,352


Disposals
-
(1,004)
(49,251)
-
(50,255)



At 31 December 2024

42,970
1,121,044
133,570
115,000
1,412,584



Depreciation


At 1 January 2024
27,727
260,949
47,256
53,880
389,812


Charge for the year on owned assets
4,298
30,230
16,791
13,358
64,677


Charge for the year on financed assets
-
41,020
5,284
-
46,304


Disposals
-
(140)
(12,573)
-
(12,713)



At 31 December 2024

32,025
332,059
56,758
67,238
488,080



Net book value



At 31 December 2024
10,945
788,985
76,812
47,762
924,504



At 31 December 2023
15,243
859,573
130,070
54,789
1,059,675




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Short leasehold
10,945
15,243

10,945
15,243


Page 8

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
569,576
689,136

Motor vehicles
18,383
93,503

587,959
782,639


6.


Fixed asset investments





Trade investments

£





Additions
264





7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,180,082
933,873

1,180,082
933,873



8.


Debtors

2024
2023
£
£


Trade debtors
178,557
129,152

Amounts owed by group undertakings
35,853
47,021

Other debtors
106,556
16,177

Prepayments and accrued income
122,577
4,477

443,543
196,827


Page 9

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,167
14,167

Net obligations under finance leases and hire purchase contracts
358,650
556,837

362,817
571,004


£358,650 (2023: £556,837) of the hire purchase liability is secured on the asset to which it relates.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
4,167
10,000


4,167
10,000

Amounts falling due 2-5 years

Bank loans
-
4,167


-
4,167


14,167
24,167


Page 10

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
147,595
168,729

Between 1-5 years
160,430
161,506

Over 5 years
198,220
395,331

506,245
725,566

Page 11

 
GOLDSTAR LEISURE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £11,587 (2023 - £9,985). Contributions totalling £2,224 (2023 - £2,124) were payable to the fund at the balance sheet date and are included in creditors.


13.


Controlling party

Goldstar Leisure Limited is a wholly owned subsidiary of Goldstar Leisure Holdings Limited.

 
Page 12