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Company No: 12156215 (England and Wales)

HUDSON LEISURE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HUDSON LEISURE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HUDSON LEISURE LIMITED

BALANCE SHEET

As at 31 March 2025
HUDSON LEISURE LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 128,333 155,833
Tangible assets 4 1,486,353 903,957
1,614,686 1,059,790
Current assets
Stocks 14,121 13,888
Debtors 5 0 17,861
Cash at bank and in hand 35,336 22,879
49,457 54,628
Creditors: amounts falling due within one year 6 ( 498,619) ( 581,921)
Net current liabilities (449,162) (527,293)
Total assets less current liabilities 1,165,524 532,497
Creditors: amounts falling due after more than one year 7 ( 487,439) ( 516,233)
Provision for liabilities ( 110,269) ( 70,951)
Net assets/(liabilities) 567,816 ( 54,687)
Capital and reserves
Called-up share capital 8 100 100
Revaluation reserve 814,549 212,855
Profit and loss account ( 246,833 ) ( 267,642 )
Total shareholder's funds/(deficit) 567,816 ( 54,687)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Hudson Leisure Limited (registered number: 12156215) were approved and authorised for issue by the Director on 12 August 2025. They were signed on its behalf by:

J Woodman
Director
HUDSON LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HUDSON LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hudson Leisure Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 31 Oakdale Road, Downend, Bristol, BS16 6DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 16 15

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 275,000 275,000
At 31 March 2025 275,000 275,000
Accumulated amortisation
At 01 April 2024 119,167 119,167
Charge for the financial year 27,500 27,500
At 31 March 2025 146,667 146,667
Net book value
At 31 March 2025 128,333 128,333
At 31 March 2024 155,833 155,833

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2024 798,306 28,577 37,807 135,122 999,812
Revaluations 601,694 0 0 0 601,694
At 31 March 2025 1,400,000 28,577 37,807 135,122 1,601,506
Accumulated depreciation
At 01 April 2024 0 16,937 21,858 57,060 95,855
Charge for the financial year 0 2,868 3,987 12,443 19,298
At 31 March 2025 0 19,805 25,845 69,503 115,153
Net book value
At 31 March 2025 1,400,000 8,772 11,962 65,619 1,486,353
At 31 March 2024 798,306 11,640 15,949 78,062 903,957

Freehold and leasehold land and buildings were professionally valued by Sprosen Grosvenor FAVLP an independent valuer, to fair value at 25th of March 2025, Freehold land and buildings with a carrying amount of £1,400,000 (2024: £798,306)

5. Debtors

2025 2024
£ £
Amounts owed by associates 0 6,235
Prepayments 0 11,626
0 17,861

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 25,337 10,000
Trade creditors 17,757 32,552
Amounts owed to associates 22,718 0
Amounts owed to director 337,465 427,550
Other loans 0 23,000
Accruals 0 6,700
Other taxation and social security 67,402 40,374
Obligations under finance leases and hire purchase contracts 27,852 40,234
Other creditors 88 1,511
498,619 581,921

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 12,419 17,018
Other loans 475,020 470,909
Obligations under finance leases and hire purchase contracts 0 28,306
487,439 516,233

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

At the balance sheet date, the company owed another entity owned by the company shareholder £22,717 (2024: £6,235 owed to). The loan is interest free and repayable on demand.

At the balance sheet date, the director was owed £337,465 (2024: £427,549).