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Registration number: 11417926

Revelation Leisure Limited

Unaudited Financial Statements

for the Period from 1 July 2023 to 31 December 2024

 

Revelation Leisure Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Revelation Leisure Limited

(Registration number: 11417926)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

956,421

1,015,241

Current assets

 

Stocks

-

18,122

Debtors

6

11,877

24,936

Cash at bank and in hand

 

3,002

230,769

 

14,879

273,827

Creditors: Amounts falling due within one year

7

(147,799)

(367,576)

Net current liabilities

 

(132,920)

(93,749)

Total assets less current liabilities

 

823,501

921,492

Creditors: Amounts falling due after more than one year

7

(700,000)

(750,000)

Provisions for liabilities

-

(3,233)

Net assets

 

123,501

168,259

Capital and reserves

 

Called up share capital

110

110

Share premium reserve

-

92,685

Retained earnings

123,391

75,464

Shareholders' funds

 

123,501

168,259

For the financial period ending 31 December 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Revelation Leisure Limited

(Registration number: 11417926)
Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:
 

.........................................
Mr S Ellison
Director

 

Revelation Leisure Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Kinderton
Kinderton Street
Middlewich
Cheshire
CW10 0JE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Pound Sterling (£), which is the functional currency of the company. All monetary amounts are rounded to the nearest pound.

Judgements

In the application of the company's accounting policies, the directors are 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 considered to be 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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Revelation Leisure Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land , freehold buildings (excluding improvements) and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

15% reducing balance

Furniture, fittings and equipment

25% reducing balance

Other tangible assets

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 5 years.

 

Revelation Leisure Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 53 (2023 - 47).

 

Revelation Leisure Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

40,000

40,000

At 31 December 2024

40,000

40,000

Amortisation

At 1 July 2023

40,000

40,000

At 31 December 2024

40,000

40,000

Carrying amount

At 31 December 2024

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

956,421

117,919

122,015

1,196,355

Additions

-

514

803

1,317

At 31 December 2024

956,421

118,433

122,818

1,197,672

Depreciation

At 1 July 2023

-

86,168

94,946

181,114

Charge for the period

-

32,265

27,872

60,137

At 31 December 2024

-

118,433

122,818

241,251

Carrying amount

At 31 December 2024

956,421

-

-

956,421

At 30 June 2023

956,421

31,751

27,069

1,015,241

6

Debtors

 

Revelation Leisure Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Current

2024
£

2023
£

Trade debtors

-

13,319

Other debtors

11,877

11,617

 

11,877

24,936

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

95,000

187,025

Trade creditors

 

2,962

20,444

Taxation and social security

 

47,754

96,979

Other creditors

 

2,083

63,128

 

147,799

367,576

Current loans and borrowings

2024
£

2023
£

Other borrowings

95,000

187,025

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

700,000

750,000