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REGISTERED NUMBER: 07767233 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HOEYS LEISURE LIMITED

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


HOEYS LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: G Hoey
Mrs M Hoey





REGISTERED OFFICE: The Arches
258 Oxcliffe Road
Morecambe
Lancashire
LA3 3EH





REGISTERED NUMBER: 07767233 (England and Wales)





ACCOUNTANTS: Streets Turner Limited
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,045,472 3,250,785
Tangible assets 5 6,255,121 6,205,748
Investment property 6 1,355,105 1,189,783
10,655,698 10,646,316

CURRENT ASSETS
Stocks 499,276 553,113
Debtors 7 30,146 33,928
Cash at bank 2,581,235 1,823,692
3,110,657 2,410,733
CREDITORS
Amounts falling due within one year 8 1,356,673 1,698,905
NET CURRENT ASSETS 1,753,984 711,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,409,682

11,358,144

CREDITORS
Amounts falling due after more than one
year

9

(24,549

)

-

PROVISIONS FOR LIABILITIES 10 (552,465 ) (548,161 )
NET ASSETS 11,832,668 10,809,983

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,832,568 10,809,883
11,832,668 10,809,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

BALANCE SHEET - continued
31 MARCH 2025


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.

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

BALANCE SHEET - continued
31 MARCH 2025



The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





G Hoey - Director


HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Hoeys 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of sixteen 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 3,285,004
AMORTISATION
At 1 April 2024 34,219
Amortisation for year 205,313
At 31 March 2025 239,532
NET BOOK VALUE
At 31 March 2025 3,045,472
At 31 March 2024 3,250,785

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2024 6,036,939 209,646 77,479 6,324,064
Additions - 69,305 125,218 194,523
Disposals - - (98,983 ) (98,983 )
At 31 March 2025 6,036,939 278,951 103,714 6,419,604
DEPRECIATION
At 1 April 2024 - 96,444 21,872 118,316
Charge for year - 36,502 18,045 54,547
Eliminated on disposal - - (8,380 ) (8,380 )
At 31 March 2025 - 132,946 31,537 164,483
NET BOOK VALUE
At 31 March 2025 6,036,939 146,005 72,177 6,255,121
At 31 March 2024 6,036,939 113,202 55,607 6,205,748

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 64,500
At 31 March 2025 64,500
DEPRECIATION
Charge for year 12,900
At 31 March 2025 12,900
NET BOOK VALUE
At 31 March 2025 51,600

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2024 1,189,783
Additions 165,322
At 31 March 2025 1,355,105
NET BOOK VALUE
At 31 March 2025 1,355,105
At 31 March 2024 1,189,783

HOEYS LEISURE LIMITED (REGISTERED NUMBER: 07767233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2025 is represented by:
£   
Valuation in 2024 1,189,783
Valuation in 2025 165,322
1,355,105

If the investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 1,355,105 1,189,783

The investment properties were valued on an open market basis on 31 March 2025 by Gordon Hoey .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 30,146 33,928

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 54,390 -
Trade creditors 19,065 75,049
Taxation and social security 230,178 525,950
Other creditors 1,053,040 1,097,906
1,356,673 1,698,905

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 24,549 -

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 552,465 548,161

Deferred
tax
£   
Balance at 1 April 2024 548,161
Charge to Income Statement during year 4,304
Balance at 31 March 2025 552,465