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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
4 |
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Independent auditor's report to the members |
6 |
|
Consolidated statement of comprehensive income |
10 |
|
Consolidated statement of financial position |
11 |
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Company statement of financial position |
12 |
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Consolidated statement of changes in equity |
13 |
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Company statement of changes in equity |
14 |
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Consolidated statement of cash flows |
15 |
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Notes to the financial statements |
16 |
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Officers and Professional Advisers |
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The board of directors |
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Company secretary |
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Registered office |
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South Yorkshire |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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Omega Court |
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364-366 Cemetery Road |
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Sheffield |
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S11 8FT |
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Bankers |
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1 High Street |
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Sheffield |
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South Yorkshire |
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S1 2GA |
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Strategic Report |
| 2024 | 2023 | ||
| £ | £ | ||
| Turnover | 47,649,583 | 44,410,403 | |
| Operating profit | 7,243,031 | 6,689,098 | |
| Administrative costs | 13,345,237 | 12,720,723 | |
| Profit before tax | 7,661,776 | 6,689,952 | |
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Company Secretary |
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Registered office: |
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South Yorkshire |
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Directors' Report |
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Company Secretary |
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Registered office: |
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South Yorkshire |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered Accountants & Statutory Auditor |
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Omega Court |
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364-366 Cemetery Road |
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Sheffield |
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S11 8FT |
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Consolidated Statement of Comprehensive Income |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------ |
------------ |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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------------ |
------------ |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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------------ |
------------ |
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Profit before taxation |
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Tax on profit |
12 |
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----------- |
----------- |
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Profit for the financial year and total comprehensive income |
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----------- |
----------- |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Intangible assets |
14 |
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Tangible assets |
15 |
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Investments |
16 |
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------------ |
------------ |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
19 |
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------------ |
------------ |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
20 |
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Provisions |
21 |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
24 |
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Revaluation reserve |
25 |
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Profit and loss account |
25 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Company Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Intangible assets |
14 |
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Tangible assets |
15 |
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Investments |
16 |
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------------ |
------------ |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
19 |
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------------ |
------------ |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Provisions |
21 |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
24 |
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Revaluation reserve |
25 |
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Profit and loss account |
25 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
|
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
|||
|
£ |
£ |
£ |
£ |
|||
|
At 1 October 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
||||||
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Reclassification from revaluation reserve to profit and loss account |
– |
(
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|
– |
||
|
----------- |
----------- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
(
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|
|
||
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Dividends paid and payable |
13 |
– |
– |
(
|
(
|
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|
----------- |
----------- |
------------ |
------------ |
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Total investments by and distributions to owners |
– |
– |
(
|
(
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||
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At 30 September 2023 |
|
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|
||
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Profit for the year |
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|
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Other comprehensive income for the year: |
||||||
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Reclassification from revaluation reserve to profit and loss account |
– |
(
|
|
– |
||
|
----------- |
----------- |
------------ |
------------ |
|||
|
Total comprehensive income for the year |
– |
(
|
|
|
||
|
Dividends paid and payable |
13 |
– |
– |
(
|
(
|
|
|
---- |
---- |
----------- |
----------- |
|||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
||
|
----------- |
----------- |
------------ |
------------ |
|||
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At 30 September 2024 |
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|
----------- |
----------- |
------------ |
------------ |
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Company Statement of Changes in Equity |
|
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
|||
|
£ |
£ |
£ |
£ |
|||
|
At 1 October 2022 |
|
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|
|
||
|
Profit for the year |
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|
||||
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Other comprehensive income for the year: |
||||||
|
Reclassification from revaluation reserve to profit and loss account |
– |
(
|
|
– |
||
|
----------- |
----------- |
------------ |
------------ |
|||
|
Total comprehensive income for the year |
– |
(
|
|
|
||
|
Dividends paid and payable |
13 |
– |
– |
(
|
(
|
|
|
----------- |
----------- |
------------ |
------------ |
|||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
||
|
At 30 September 2023 |
|
|
35,676,667
|
38,636,459
|
||
|
Profit for the year |
|
|
||||
|
Other comprehensive income for the year: |
||||||
|
Reclassification from revaluation reserve to profit and loss account |
– |
(
|
|
– |
||
|
----------- |
----------- |
------------ |
------------ |
|||
|
Total comprehensive income for the year |
– |
(
|
|
|
||
|
Dividends paid and payable |
13 |
– |
– |
(
|
(
|
|
|
---- |
---- |
----------- |
----------- |
|||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
||
|
----------- |
----------- |
------------ |
------------ |
|||
|
At 30 September 2024 |
|
|
|
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||
|
----------- |
----------- |
------------ |
------------ |
|||
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|
Consolidated Statement of Cash Flows |
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Profit for the financial year |
|
|
|
Adjustments for: |
||
|
Depreciation of tangible assets |
|
|
|
Amortisation of intangible assets |
|
|
|
Other interest receivable and similar income |
(
|
(
|
|
Interest payable and similar expenses |
|
|
|
Loss/(gains) on disposal of tangible assets |
|
(
|
|
Tax on profit |
|
|
|
Accrued (income)/expenses |
(
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Changes in: |
||
|
Stocks |
|
(
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|
Trade and other debtors |
(
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(
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|
Trade and other creditors |
|
|
|
----------- |
----------- |
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|
Cash generated from operations |
|
|
|
Interest paid |
(
|
(
|
|
Interest received |
|
|
|
Tax paid |
(
|
(
|
|
----------- |
----------- |
|
|
Net cash from operating activities |
|
|
|
----------- |
----------- |
|
|
Purchase of tangible assets |
(
|
(
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|
Proceeds from sale of tangible assets |
– |
|
|
----------- |
----------- |
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|
Net cash used in investing activities |
(
|
(
|
|
----------- |
----------- |
|
|
Dividends paid |
(
|
(
|
|
----------- |
----------- |
|
|
Net cash used in financing activities |
(
|
(
|
|
----------- |
----------- |
|
|
Net increase in cash and cash equivalents |
|
|
|
Cash and cash equivalents at beginning of year |
16,462,462 |
15,200,991 |
|
------------ |
------------ |
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|
Cash and cash equivalents at end of year |
|
|
|
------------ |
------------ |
|
|
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|
Notes to the Financial Statements |
|
Casino licences |
- |
|
|
|
Freehold property |
- |
|
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|
Long leasehold property |
- |
|
|
|
Fixtures, fittings and equipment |
- |
5% to 25% straight line basis.
|
|
|
Motor vehicles |
- |
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Casino gross gaming yield |
|
|
|
Other turnover |
|
|
|
Racing income and associated revenues |
|
|
|
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Rental income |
|
|
|
Grant income received |
4,568 |
4,240 |
|
Other operating income |
– |
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
Loss/(gains) on disposal of tangible assets |
|
(
|
|
Operating lease rentals |
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Fees payable for the audit of the financial statements |
|
|
|
------- |
------- |
|
|
Other non-audit services |
|
|
|
------- |
------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Administrative staff |
|
|
|
Management staff |
3 |
4 |
|
Operating staff |
697 |
685 |
|
---- |
---- |
|
|
|
|
|
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
------------ |
------------ |
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|
|
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|
------------ |
------------ |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Remuneration |
|
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|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Aggregate remuneration |
|
|
|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on loans and receivables |
125 |
99,276 |
|
Interest on cash and cash equivalents |
|
|
|
Corporation tax interest received |
3,489 |
14,759 |
|
Other interest receivable and similar income |
|
– |
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Other interest payable and similar charges |
|
|
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
UK current tax expense |
|
|
|
Adjustments in respect of prior periods |
(
|
– |
|
----------- |
----------- |
|
|
Total current tax |
|
|
|
----------- |
----------- |
|
|
Origination and reversal of timing differences |
|
|
|
----------- |
----------- |
|
|
Tax on profit |
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Profit on ordinary activities before taxation |
|
|
|
----------- |
----------- |
|
|
Profit on ordinary activities by rate of tax |
|
|
|
Adjustment to tax charge in respect of prior periods |
49,988
|
|
|
Effect of expenses not deductible for tax purposes |
|
|
|
Depreciation of ineligible assets |
46,212 |
45,274 |
|
Effect of superdeduction |
– |
26 |
|
Effect of changing tax rates |
– |
399,379 |
|
----------- |
----------- |
|
|
Tax on profit |
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
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|
----------- |
----------- |
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Group |
Casino licences |
|
£ |
|
|
Cost |
|
|
At 1 October 2023 and 30 September 2024 |
|
|
----------- |
|
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Amortisation |
|
|
At 1 October 2023 |
|
|
Charge for the year |
|
|
----------- |
|
|
At 30 September 2024 |
|
|
----------- |
|
|
Carrying amount |
|
|
At 30 September 2024 |
|
|
----------- |
|
|
At 30 September 2023 |
|
|
----------- |
|
|
Company |
Casino licences |
|
£ |
|
|
Cost |
|
|
At 1 October 2023 and 30 September 2024 |
|
|
----------- |
|
|
Amortisation |
|
|
At 1 October 2023 |
|
|
Charge for the year |
|
|
----------- |
|
|
At 30 September 2024 |
|
|
----------- |
|
|
Carrying amount |
|
|
At 30 September 2024 |
|
|
----------- |
|
|
At 30 September 2023 |
|
|
----------- |
|
|
Group |
Freehold property |
Long leasehold property |
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
|
Cost |
|||||
|
At 1 October 2023 |
|
|
|
|
|
|
Additions |
|
– |
|
|
|
|
Disposals |
– |
– |
– |
(
|
(
|
|
------------ |
------------ |
------------ |
--------- |
------------ |
|
|
At 30 September 2024 |
|
|
|
|
|
|
------------ |
------------ |
------------ |
--------- |
------------ |
|
|
Depreciation |
|||||
|
At 1 October 2023 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Disposals |
– |
– |
– |
(
|
(
|
|
------------ |
------------ |
------------ |
--------- |
------------ |
|
|
At 30 September 2024 |
|
|
|
|
|
|
------------ |
------------ |
------------ |
--------- |
------------ |
|
|
Carrying amount |
|||||
|
At 30 September 2024 |
|
|
|
|
|
|
------------ |
------------ |
------------ |
--------- |
------------ |
|
|
At 30 September 2023 |
|
|
|
|
|
|
------------ |
------------ |
------------ |
--------- |
------------ |
|
|
Company |
Freehold property |
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
£ |
|
|
Cost |
||||
|
At 1 October 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
– |
– |
(
|
(
|
|
------------ |
----------- |
--------- |
------------ |
|
|
At 30 September 2024 |
|
|
|
|
|
------------ |
----------- |
--------- |
------------ |
|
|
Depreciation |
||||
|
At 1 October 2023 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Disposals |
– |
– |
(
|
(
|
|
------------ |
----------- |
--------- |
------------ |
|
|
At 30 September 2024 |
|
|
|
|
|
------------ |
----------- |
--------- |
------------ |
|
|
Carrying amount |
||||
|
At 30 September 2024 |
|
|
|
|
|
------------ |
----------- |
--------- |
------------ |
|
|
At 30 September 2023 |
|
|
|
|
|
------------ |
----------- |
--------- |
------------ |
|
|
Group |
Investment properties |
|
£ |
|
|
Cost |
|
|
At 1 October 2023 and 30 September 2024 |
|
|
----------- |
|
|
Impairment |
|
|
At 1 October 2023 and 30 September 2024 |
– |
|
----------- |
|
|
Carrying amount |
|
|
At 1 October 2023 and 30 September 2024 |
|
|
----------- |
|
|
At 30 September 2023 |
|
|
----------- |
|
|
Company |
Shares in group undertakings |
Investment properties |
Total |
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 October 2023 and 30 September 2024 |
|
|
|
|
----------- |
----------- |
----------- |
|
|
Impairment |
|||
|
At 1 October 2023 and 30 September 2024 |
– |
– |
– |
|
----------- |
----------- |
----------- |
|
|
Carrying amount |
|||
|
At 1 October 2023 and 30 September 2024 |
|
|
|
|
----------- |
----------- |
----------- |
|
|
At 30 September 2023 |
|
|
|
|
----------- |
----------- |
----------- |
|
|
Class of share |
Percentage of shares held |
|
|
Subsidiary undertakings |
||
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
| 2024 | 2023 | |||
| £ | £ | |||
| Sheffield Sports Stadium Limited | 251,435 | 251,435 | ||
| Harveys (Leisure) Limited | 100 | 100 | ||
| Napoleons Racing Limited | 2 | 2 | ||
| Napoleons Leisure Group Limited | 2 | 2 | ||
| The Players Club UK Limited | 965,716 | 965,716 | ||
| ----------- | ----------- | |||
| 1,217,255 | 1,217,255 | |||
| ----------- | ----------- | |||
| Share capital | Reserves | |||
| £ | £ | |||
| Sheffield Sports Stadium Limited | 9,006 | 1,044,679 | ||
| Harveys (Leisure) Limited | 100 | – | ||
| Napoleons Leisure Limited | 2 | – | ||
| Napoleons Leisure Group Limited | 2 | – | ||
| The Players Club UK Limited | 1,101,009 | 9,291,406 | ||
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bar and restaurant stock |
|
|
|
|
|
--------- |
--------- |
------- |
------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade debtors |
|
|
– |
– |
|
Amounts owed by group undertakings |
– |
– |
|
|
|
Prepayments and accrued income |
|
|
|
|
|
Corporation tax repayable |
|
|
|
|
|
Other debtors |
|
|
– |
|
|
----------- |
--------- |
----------- |
----------- |
|
|
|
|
|
|
|
|
----------- |
--------- |
----------- |
----------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade creditors |
|
|
|
|
|
Amounts owed to group undertakings |
– |
– |
|
|
|
Accruals and deferred income |
|
|
|
|
|
Social security and other taxes |
|
|
|
|
|
Other creditors |
|
|
|
|
|
----------- |
----------- |
----------- |
----------- |
|
|
|
|
|
|
|
|
----------- |
----------- |
----------- |
----------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Accruals and deferred income |
|
|
– |
– |
|
------- |
------- |
---- |
---- |
|
|
Group |
Deferred tax (note 22) |
|
£ |
|
|
At 1 October 2023 |
|
|
Additions |
|
|
----------- |
|
|
At 30 September 2024 |
|
|
----------- |
|
|
Company |
Deferred tax (note 22) |
|
£ |
|
|
At 1 October 2023 |
|
|
Additions |
|
|
--------- |
|
|
At 30 September 2024 |
|
|
--------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Included in provisions (note 21) |
|
|
|
|
|
----------- |
----------- |
--------- |
--------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Accelerated capital allowances |
|
|
|
|
|
Revaluation of tangible assets |
|
|
– |
– |
|
----------- |
----------- |
--------- |
--------- |
|
|
2,294,238 |
1,702,534 |
716,738 |
249,334 |
|
|
----------- |
----------- |
--------- |
--------- |
|
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000,000 |
|
1,000,000 |
|
----------- |
----------- |
----------- |
----------- |
|
|
At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
1,822,509 |
|
|
------------ |
----------- |
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
|
|
|
|
Later than 5 years |
|
|
– |
– |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
|
|
|
--------- |
--------- |
--------- |
--------- |
|