| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 July 2024 |
| for |
| LEISURE RECONSTRUCTION LIMITED |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 July 2024 |
| for |
| LEISURE RECONSTRUCTION LIMITED |
| LEISURE RECONSTRUCTION LIMITED (REGISTERED NUMBER: SC324273) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LEISURE RECONSTRUCTION LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 JULY 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditor |
| Fairway House |
| Links Business Park |
| St Mellons |
| Cardiff |
| CF3 0LT |
| LEISURE RECONSTRUCTION LIMITED (REGISTERED NUMBER: SC324273) |
| Balance Sheet |
| 31 JULY 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| LEISURE RECONSTRUCTION LIMITED (REGISTERED NUMBER: SC324273) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 1. | STATUTORY INFORMATION |
| Leisure Reconstruction Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis based upon the assurances given by the ultimate parent undertaking that it will continue to support the company. |
| 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 |
| No depreciation is provided in respect of freehold land and buildings which is not in accordance with FRS No 15 "Tangible Fixed Assets". The director is of the opinion that the open market valuation of the company's freehold land and buildings is in excess of their original cost. In the absence of a professional valuation the director is unable to quantify the excess. In the opinion of the director there has been no impairment in relation to the company's freehold land and buildings. Based on the useful economic life and the continual periodic maintenance work carried out on the freehold land and buildings the director considers that any depreciation would be immaterial. |
| 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. |
| LEISURE RECONSTRUCTION LIMITED (REGISTERED NUMBER: SC324273) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Due to group undertakings | 2,654,172 | 3,252,138 |
| Accrued expenses |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| LEISURE RECONSTRUCTION LIMITED (REGISTERED NUMBER: SC324273) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2024 |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |