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REGISTERED NUMBER: 09120202 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2024

FOR

EAST LONDON LEISURE LTD

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

STATEMENT OF FINANCIAL POSITION
30 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 136,887 156,046

CURRENT ASSETS
Inventories 14,040 13,273
Debtors 5 23,556 19,012
Cash at bank and in hand 143,772 149,644
181,368 181,929
CREDITORS
Amounts falling due within one year 6 58,372 70,226
NET CURRENT ASSETS 122,996 111,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,883

267,749

CREDITORS
Amounts falling due after more than one year 7 (8,333 ) (18,330 )

PROVISIONS FOR LIABILITIES 8 (7,305 ) (9,103 )
NET ASSETS 244,245 240,316

CAPITAL AND RESERVES
Called up share capital 2,317 2,317
Share premium 215,084 215,084
Retained earnings 26,844 22,915
244,245 240,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 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.

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

STATEMENT OF FINANCIAL POSITION - continued
30 JULY 2024


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 Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





Mr G J Whitlock - Director


EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

1. STATUTORY INFORMATION

East London Leisure Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09120202

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value, net of value added tax and discounts, of goods provided to customers and is
recognised when the risks and rewards of ownership have been transferred.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery - 25% on reducing balance.
Fixtures and fittings - 25% on reducing balance.
Short leasehold -10% on reducing balance.

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.


EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JULY 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JULY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 31 July 2023 211,143 134,217 345,360
Additions - 1,909 1,909
At 30 July 2024 211,143 136,126 347,269
DEPRECIATION
At 31 July 2023 91,511 97,803 189,314
Charge for year 11,964 9,104 21,068
At 30 July 2024 103,475 106,907 210,382
NET BOOK VALUE
At 30 July 2024 107,668 29,219 136,887
At 30 July 2023 119,632 36,414 156,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 23,556 19,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,002 10,159
Trade creditors 17,775 25,479
Taxation and social security 17,382 21,485
Other creditors 13,213 13,103
58,372 70,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,333 18,330

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,305 9,103

Deferred
tax
£   
Balance at 31 July 2023 9,103
Provided during year (1,798 )
Balance at 30 July 2024 7,305

EAST LONDON LEISURE LTD (REGISTERED NUMBER: 09120202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JULY 2024

9. RELATED PARTY DISCLOSURES

Included within other creditors less than one year is an amount of £5,762 (2023: £4,513) due to the directors of the company. The loan was interest free and repayable on demand.