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REGISTERED NUMBER: SC324273 (Scotland)














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: M Noble



SECRETARY: M Noble



REGISTERED OFFICE: 47-49 Figgate Lane
Portobello
Edinburgh
EH15 1HJ



REGISTERED NUMBER: SC324273 (Scotland)



SENIOR STATUTORY
AUDITOR:
Stephen Cox



AUDITORS: Hayvenhursts Limited
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 4 283,899 280,350
Cash at bank and in hand 318 625,822
284,217 906,172
CREDITORS
Amounts falling due within one year 5 (2,656,197 ) (3,270,409 )
NET CURRENT LIABILITIES (2,371,980 ) (2,364,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,371,980

)

(2,364,237

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,371,981 ) (2,364,238 )
SHAREHOLDERS' FUNDS (2,371,980 ) (2,364,237 )

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 director and authorised for issue on 18 July 2025 and were signed by:





M Noble - Director


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 private company, limited by shares , registered in Scotland. 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2,505 -
Other debtors 280,544 279,500
Prepayments 850 850
283,899 280,350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,299
Social security and other taxes - 3,367
Other creditors - 605
Due to group undertakings 2,654,172 3,252,138
Accrued expenses 2,025 12,000
2,656,197 3,270,409

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.

Stephen Cox (Senior Statutory Auditor)
for and on behalf of Hayvenhursts Limited