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COMPANY REGISTRATION NUMBER: 08959621
Mawdesley Leisure Ltd
Filleted Unaudited Financial Statements
31 October 2024
Mawdesley Leisure Ltd
Financial Statements
Year ended 31st October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Mawdesley Leisure Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,864,782
3,884,588
Current assets
Stocks
10,975
8,325
Debtors
6
25,199
52,433
Cash at bank and in hand
62,677
64,827
--------
---------
98,851
125,585
Creditors: amounts falling due within one year
7
4,405,975
4,379,496
------------
------------
Net current liabilities
4,307,124
4,253,911
------------
------------
Total assets less current liabilities
( 442,342)
( 369,323)
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 442,346)
( 369,327)
---------
---------
Shareholders deficit
( 442,342)
( 369,323)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:
S E Lace
G B Jones
Director
Director
Company registration number: 08959621
Mawdesley Leisure Ltd
Notes to the Financial Statements
Year ended 31st October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Leasehold property
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1st November 2023 and 31st October 2024
3,785,575
206,475
3,992,050
------------
---------
------------
Depreciation
At 1st November 2023
107,462
107,462
Charge for the year
19,806
19,806
------------
---------
------------
At 31st October 2024
127,268
127,268
------------
---------
------------
Carrying amount
At 31st October 2024
3,785,575
79,207
3,864,782
------------
---------
------------
At 31st October 2023
3,785,575
99,013
3,884,588
------------
---------
------------
6. Debtors
2024
2023
£
£
Trade debtors
16,485
45,191
Other debtors
8,714
7,242
--------
--------
25,199
52,433
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
88,419
72,793
Social security and other taxes
4,349
2,763
Other creditors
4,308,487
4,299,590
Accruals
4,720
4,350
------------
------------
4,405,975
4,379,496
------------
------------
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Stocks Hall Care Homes (2) Limited
24,975
22,590
(5,340)
(9,984)
Stocks Hall Care Homes Limited
73,438
71,068
(4,308,487)
(4,299,590)
--------
--------
------------
------------
Stocks Hall Care Homes (2) Limited is related by common directorship. Stocks Hall Care Homes Limited is related by common ownership and directorship. No interest has been charged in respect of any outstanding balances which are repayable on demand and classified in creditors due within one year.