P&C Leisure Limited
Unaudited Financial Statements
For the year ended 31 October 2024
Pages for Filing with Registrar
Company Registration No. 08856850 (England and Wales)
P&C Leisure Limited
Company Information
Directors
Mr S Cole
Mr A Pierce
Company number
08856850
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
P&C Leisure Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
P&C Leisure Limited
Balance Sheet
As at 31 October 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
261,065
278,657
Current assets
Debtors
4
11,092
7,147
Cash at bank and in hand
43,883
55,225
54,975
62,372
Creditors: amounts falling due within one year
5
(22,344)
(26,759)
Net current assets
32,631
35,613
Total assets less current liabilities
293,696
314,270
Provisions for liabilities
6
(61,995)
(65,703)
Net assets
231,701
248,567
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
231,601
248,467
Total equity
231,701
248,567

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

P&C Leisure Limited
Balance Sheet (Continued)
As at 31 October 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 21 July 2025 and are signed on its behalf by:
Mr A Pierce
Director
Company Registration No. 08856850
P&C Leisure Limited
Notes to the Financial Statements
For the year ended 31 October 2024
Page 3
1
Accounting policies
Company information

P&C Leisure Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for thetrue foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received for the use of the company's facilities, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the term of the lease
Fixtures, fittings & equipment
20% on cost
Computer equipment
25% on cost.
1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company only has basic financial instruments at amortised cost, with no financial instruments classified as other or basic instrument measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

P&C Leisure Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
1
Accounting policies
(Continued)
Page 4

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
6
P&C Leisure Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
Page 5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
444,532
1,943
446,475
Additions
-
0
512
512
At 31 October 2024
444,532
2,455
446,987
Depreciation and impairment
At 1 November 2023
166,117
1,701
167,818
Depreciation charged in the year
17,781
323
18,104
At 31 October 2024
183,898
2,024
185,922
Carrying amount
At 31 October 2024
260,634
431
261,065
At 31 October 2023
278,415
242
278,657
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
1,340
-
0
Other debtors
100
100
Prepayments and accrued income
9,652
7,047
11,092
7,147
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,193
2,596
Corporation tax
-
0
7,413
Other taxation and social security
4,666
9,389
Other creditors
2,384
3,455
Accruals and deferred income
3,101
3,906
22,344
26,759
P&C Leisure Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
Page 6
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
61,995
65,703
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
364,583
389,583
2024-10-312023-11-01falsefalsefalse21 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr S ColeMr A Pierce088568502023-11-012024-10-3108856850bus:Director12023-11-012024-10-3108856850bus:Director22023-11-012024-10-3108856850bus:RegisteredOffice2023-11-012024-10-31088568502024-10-31088568502023-10-3108856850core:LandBuildings2024-10-3108856850core:OtherPropertyPlantEquipment2024-10-3108856850core:LandBuildings2023-10-3108856850core:OtherPropertyPlantEquipment2023-10-3108856850core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3108856850core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3108856850core:ShareCapital2024-10-3108856850core:ShareCapital2023-10-3108856850core:RetainedEarningsAccumulatedLosses2024-10-3108856850core:RetainedEarningsAccumulatedLosses2023-10-3108856850core:ShareCapitalOrdinaryShareClass12024-10-3108856850core:ShareCapitalOrdinaryShareClass12023-10-3108856850core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-11-012024-10-3108856850core:FurnitureFittings2023-11-012024-10-3108856850core:ComputerEquipment2023-11-012024-10-31088568502022-11-012023-10-3108856850core:LandBuildings2023-10-3108856850core:OtherPropertyPlantEquipment2023-10-31088568502023-10-3108856850core:LandBuildings2023-11-012024-10-3108856850core:OtherPropertyPlantEquipment2023-11-012024-10-3108856850core:CurrentFinancialInstruments2024-10-3108856850core:CurrentFinancialInstruments2023-10-3108856850bus:OrdinaryShareClass12023-11-012024-10-3108856850bus:OrdinaryShareClass12024-10-3108856850bus:OrdinaryShareClass12023-10-3108856850bus:PrivateLimitedCompanyLtd2023-11-012024-10-3108856850bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108856850bus:FRS1022023-11-012024-10-3108856850bus:AuditExemptWithAccountantsReport2023-11-012024-10-3108856850bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP