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REGISTERED NUMBER: 02866701 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE MEGACENTRE RAYLEIGH LTD

THE MEGACENTRE RAYLEIGH LTD (REGISTERED NUMBER: 02866701)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE MEGACENTRE RAYLEIGH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: L V Cantle
P Goldsmith
S W Williamson





REGISTERED OFFICE: 7-9 Brook Road
Rayleigh
Essex
SS6 7UT





REGISTERED NUMBER: 02866701 (England and Wales)





ACCOUNTANTS: Connah Goldsworthy
Chartered Certified Accountants
12 Station Court
Station Approach
Wickford
Essex
SS11 7AT

THE MEGACENTRE RAYLEIGH LTD (REGISTERED NUMBER: 02866701)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,653 130,752

CURRENT ASSETS
Stocks 5 3,065 2,705
Debtors 6 16,464 14,768
Cash at bank and in hand 107,703 110,593
127,232 128,066
CREDITORS
Amounts falling due within one year 7 142,744 149,236
NET CURRENT LIABILITIES (15,512 ) (21,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,141

109,582

CREDITORS
Amounts falling due after more than one
year

8

6,723

16,798
NET ASSETS 83,418 92,784

CAPITAL AND RESERVES
Called up share capital 1,100,000 1,100,000
Retained earnings (1,016,582 ) (1,007,216 )
SHAREHOLDERS' FUNDS 83,418 92,784

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

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

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 30 June 2025 and were signed on its behalf by:




S W Williamson - Director



P Goldsmith - Director


THE MEGACENTRE RAYLEIGH LTD (REGISTERED NUMBER: 02866701)

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

1. STATUTORY INFORMATION

The Megacentre Rayleigh Ltd is a private company, limited by shares , registered in England and Wales. 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.

Changes in accounting policies
The directors have reviewed the method of depreciation previously applied and concluded that it should be amended so as to ensure that assets were written off over their useful estimated life.

Turnover
Turnover represents the net received sales of goods and provision of recreational facilities, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant & equipment - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 66 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 714,219 270,194 385,508 13,925 1,383,846
Additions - 850 - 660 1,510
At 30 September 2024 714,219 271,044 385,508 14,585 1,385,356
DEPRECIATION
At 1 October 2023 666,674 202,519 371,235 12,666 1,253,094
Charge for year 9,952 10,830 4,844 983 26,609
At 30 September 2024 676,626 213,349 376,079 13,649 1,279,703
NET BOOK VALUE
At 30 September 2024 37,593 57,695 9,429 936 105,653
At 30 September 2023 47,545 67,675 14,273 1,259 130,752

THE MEGACENTRE RAYLEIGH LTD (REGISTERED NUMBER: 02866701)

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

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 3,065 2,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 3,781 1,102
Prepayments 12,683 13,666
16,464 14,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank Loan 10,648 10,648
Trade creditors 10,547 11,780
Amounts owed to group undertakings 21,863 56,863
Social security and other taxes 6,123 6,778
VAT 20,585 23,522
Accruals and deferred income 72,978 39,645
142,744 149,236

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 6,723 10,648
Bank loans - 2-5 years - 6,150
6,723 16,798

9. SECURED DEBTS

The bank overdraft is secured by a personal guarantee by one of the company's directors, L Cantle.

10. RELATED PARTY DISCLOSURES

At the year end the company owed a balance of £21,863 (2023 - £56,863) to its parent undertaking, Active Christian Trust.

During the year the company paid £120,000 (2023 - £120,000) to Active Christian Trust for rent of the premises from which it operates.

11. ULTIMATE CONTROLLING PARTY

Active Christian Trust, a charity registered with the Charity Commission under number 1015452 is the ultimate controlling party.