IRIS Accounts Production v25.1.0.734 01788367 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 Ordinary 'C-Z' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017883672023-09-30017883672024-09-30017883672023-10-012024-09-30017883672022-09-30017883672022-10-012023-09-30017883672023-09-3001788367ns15:EnglandWales2023-10-012024-09-3001788367ns14:PoundSterling2023-10-012024-09-3001788367ns10:Director12023-10-012024-09-3001788367ns10:Director22023-10-012024-09-3001788367ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001788367ns10:SmallEntities2023-10-012024-09-3001788367ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3001788367ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001788367ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001788367ns10:FullAccounts2023-10-012024-09-3001788367ns10:OrdinaryShareClass12023-10-012024-09-3001788367ns10:OrdinaryShareClass22023-10-012024-09-3001788367ns10:OrdinaryShareClass32023-10-012024-09-3001788367ns10:CompanySecretary12023-10-012024-09-3001788367ns10:RegisteredOffice2023-10-012024-09-3001788367ns5:CurrentFinancialInstruments2024-09-3001788367ns5:CurrentFinancialInstruments2023-09-3001788367ns5:Non-currentFinancialInstruments2024-09-3001788367ns5:Non-currentFinancialInstruments2023-09-3001788367ns5:ShareCapital2024-09-3001788367ns5:ShareCapital2023-09-3001788367ns5:RevaluationReserve2024-09-3001788367ns5:RevaluationReserve2023-09-3001788367ns5:RetainedEarningsAccumulatedLosses2024-09-3001788367ns5:RetainedEarningsAccumulatedLosses2023-09-3001788367ns5:FurnitureFittings2023-10-012024-09-3001788367ns5:MotorVehicles2023-10-012024-09-3001788367ns5:LandBuildings2023-09-3001788367ns5:LeaseholdImprovements2023-09-3001788367ns5:FurnitureFittings2023-09-3001788367ns5:MotorVehicles2023-09-3001788367ns5:LandBuildings2023-10-012024-09-3001788367ns5:LeaseholdImprovements2023-10-012024-09-3001788367ns5:LandBuildings2024-09-3001788367ns5:LeaseholdImprovements2024-09-3001788367ns5:FurnitureFittings2024-09-3001788367ns5:MotorVehicles2024-09-3001788367ns5:LandBuildings2023-09-3001788367ns5:LeaseholdImprovements2023-09-3001788367ns5:FurnitureFittings2023-09-3001788367ns5:MotorVehicles2023-09-3001788367ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001788367ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3001788367ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-09-3001788367ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3001788367ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-3001788367ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3001788367ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3001788367ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3001788367ns5:Non-currentFinancialInstruments2023-10-012024-09-3001788367ns5:Secured2024-09-3001788367ns5:Secured2023-09-3001788367ns10:OrdinaryShareClass12024-09-3001788367ns10:OrdinaryShareClass22024-09-3001788367ns10:OrdinaryShareClass32024-09-3001788367ns5:RetainedEarningsAccumulatedLosses2023-09-3001788367ns5:RevaluationReserve2023-09-3001788367ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 01788367 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

INDEPENDENT LEISURE LIMITED

INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDEPENDENT LEISURE LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr A H Crecraft
Mr B Crecraft





SECRETARY: Mr A H Crecraft





REGISTERED OFFICE: 10 Market Street
Wakefield
West Yorkshire
WF1 1DH





REGISTERED NUMBER: 01788367 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 861,954 1,816,050

CURRENT ASSETS
Stocks 5 4,638 5,617
Debtors 6 14,916 91,421
Cash at bank and in hand 127,541 6,665
147,095 103,703
CREDITORS
Amounts falling due within one year 7 (399,776 ) (500,323 )
NET CURRENT LIABILITIES (252,681 ) (396,620 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,273

1,419,430

CREDITORS
Amounts falling due after more than
one year

8

(627,871

)

(878,956

)

PROVISIONS FOR LIABILITIES (13,580 ) (13,580 )
NET (LIABILITIES)/ASSETS (32,178 ) 526,894

CAPITAL AND RESERVES
Called up share capital 10 143 143
Revaluation reserve 11 - 495,821
Retained earnings 11 (32,321 ) 30,930
SHAREHOLDERS' FUNDS (32,178 ) 526,894

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 directors acknowledge their 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.

INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

Balance Sheet - 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 Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:




Mr A H Crecraft - Director



Mr B Crecraft - Director


INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

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

1. STATUTORY INFORMATION

Independent Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance

Depreciation is not provided on freehold or improvements to buildings. The directors are of the opinion that depreciation of these assets would be inappropriate. Properties are maintained to ensure that their value does not diminish over time. The maintenance costs on these properties are charged to profit and loss in the year incurred. In the opinion of the directors there has been no impairment in relation to the company's freehold and leasehold improvements.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 1,052,520 738,240 1,000,189 400 2,791,349
Additions - - 25,595 - 25,595
Disposals (975,000 ) - - - (975,000 )
At 30 September 2024 77,520 738,240 1,025,784 400 1,841,944
DEPRECIATION
At 1 October 2023 - - 974,899 400 975,299
Charge for year - - 4,691 - 4,691
At 30 September 2024 - - 979,590 400 979,990
NET BOOK VALUE
At 30 September 2024 77,520 738,240 46,194 - 861,954
At 30 September 2023 1,052,520 738,240 25,290 - 1,816,050

INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
Valuation in 2006 495,821 - - - 495,821
Valuation in 2024 (975,000 ) - - - (975,000 )
Cost 556,699 738,240 1,025,784 400 2,321,123
77,520 738,240 1,025,784 400 1,841,944

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 479,179 479,179

Value of land in freehold land and buildings 479,179 479,179

Freehold property was valued on an open market basis on 13 August 2007 by Mackie and Partners .

5. STOCKS
2024 2023
£    £   
Stocks 4,638 5,617

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,101 47,726
Other debtors 2,132 7,410
Amount due from related
undertaking

-

22,290
Prepayments 6,683 13,995
14,916 91,421

INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 29,540
Trade creditors 25,803 31,088
Tax 910 14,280
Social security and other taxes 10,554 12,768
Other creditors 21,924 100,170
Accrued expenses 340,585 312,477
399,776 500,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,960 -
Bank loans - 2-5 years - 110,098
Bank loans more 5 yr by instal - 121,345
Other creditors 30,957 30,957
Directors loan accounts 564,954 616,556
627,871 878,956

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 121,345

The directors loan accounts are repayable after more than one year and are subject to interest at the discretion of the company's directors, with the interest being charged at a commercial rate.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 31,960 260,983

INDEPENDENT LEISURE LIMITED (REGISTERED NUMBER: 01788367)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 'A' £1 100 100
38 Ordinary 'B' £1 38 38
5 Ordinary 'C-Z' £1 5 5
143 143

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 30,930 495,821 526,751
Deficit for the year (63,251 ) (63,251 )
Redemption - (495,821 ) (495,821 )
At 30 September 2024 (32,321 ) - (32,321 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 September 2024 the company's directors were owed £564,954 (2023 - £616,556) which is payable after more than one year.

13. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors, who between them own 100% of the company.