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Livingstone Leisure Ltd

Registered Number
07560247
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

Livingstone Leisure Ltd
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

CUNNINGHAM, Ian Robert
ENRIGHT, Michael John

Company Secretary

TOMSETT, Julian

Registered Address

34 Acreman Street
Sherborne
DT9 3NX

Registered Number

07560247 (England and Wales)
Livingstone Leisure Ltd
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets43,2332,239
Investments5928928
4,1613,167
Current assets
Debtors61,018,136958,074
Cash at bank and on hand241,547735,640
1,259,6831,693,714
Creditors amounts falling due within one year7(439,342)(865,694)
Net current assets (liabilities)820,341828,020
Total assets less current liabilities824,502831,187
Provisions for liabilities(808)(507)
Net assets823,694830,680
Capital and reserves
Called up share capital800,932800,932
Profit and loss account22,76229,748
Shareholders' funds823,694830,680
The financial statements were approved and authorised for issue by the Board of Directors on 28 July 2025, and are signed on its behalf by:
ENRIGHT, Michael John
Director
Registered Company No. 07560247
Livingstone Leisure Ltd
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill, being the amounts paid in connection with the acquisitions of Birdland in 2012 and Flambards in 2014 was amortised over the estimated useful life of these acquisitions of 10 years. A reorganisation was carried out on 29 February 2024 which has resulted in the two businesses being transferred to new trading entities on that date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
2.Average number of employees

20252024
Average number of employees during the year4114
3.Intangible assets
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2416,172
Additions2,080
At 28 February 2518,252
Depreciation and impairment
At 01 March 2413,932
Charge for year1,087
At 28 February 2515,019
Net book value
At 28 February 253,233
At 29 February 242,239
5.Fixed asset investments

Total

£
Cost or valuation
At 01 March 24928
At 28 February 25928
Net book value
At 28 February 25928
At 29 February 24928
6.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables-480
Amounts owed by group undertakings718,386718,256
Amounts owed by associates and joint ventures / participating interests298,722213,629
Other debtors125,051
Prepayments and accrued income1,027658
Total1,018,136958,074
7.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables1,769153,535
Bank borrowings and overdrafts9205,198
Amounts owed to related parties379,446466,174
Taxation and social security15,940122,122
Other creditors-75,595
Accrued liabilities and deferred income41,26743,070
Total439,342865,694
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.