HYL Leisure Limited Company accounts

COMPANY REGISTRATION NUMBER: 11047161

HYL Leisure Limited

Unaudited Financial Statements

29 November 2024

HYL Leisure Limited

Financial Statements

Year ended 29 November 2024

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

HYL Leisure Limited

Director's Report

Year ended 29 November 2024

The director presents his report and the unaudited financial statements of the company for the year ended 29 November 2024 .

Directors

The directors who served the company during the year were as follows:

Mr J H Jones
Mr A J Norris	(Resigned 25 March 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 August 2025 and signed on behalf of the board by:

Mr J H Jones
Director

Registered office:

47 Hill Street

Rhymney

NP22 5JH

HYL Leisure Limited

Statement of Income and Retained Earnings

Year ended 29 November 2024

	2024	2023
Note	£	£
Turnover	–	12,476

Cost of sales	156	154
	----	--------
Gross (loss)/profit	( 156)	12,322

Administrative expenses	4,324	( 2,625)
	-------	--------
Operating (loss)/profit	( 4,480)	14,947

Interest payable and similar expenses	400	500
	-------	--------
(Loss)/profit before taxation	( 4,880)	14,447

Tax on (loss)/profit	–	–
	-------	--------
(Loss)/profit for the financial year and total comprehensive income	( 4,880)	14,447
	-------	--------

Retained losses at the start of the year	( 1,731)	( 16,178)
	-------	--------
Retained losses at the end of the year	( 6,611)	( 1,731)
	-------	--------

All the activities of the company are from continuing operations.

HYL Leisure Limited

Statement of Financial Position

29 November 2024

	2024	2023
Note	£	£

Current assets

Debtors	5	–	1,194
Cash at bank and in hand		107	4,767
		----	-------
		107	5,961

Creditors: amounts falling due within one year	6	6,717	7,691
		-------	-------
Net current liabilities		6,610	1,730
		-------	-------
Total assets less current liabilities		( 6,610)	( 1,730)
		-------	-------
Net liabilities		( 6,610)	( 1,730)
		-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 6,611)	( 1,731)
	-------	-------
Shareholders deficit	( 6,610)	( 1,730)
	-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 29 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

Mr J H Jones
Director

Company registration number: 11047161

HYL Leisure Limited

Notes to the Financial Statements

Year ended 29 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 47 Hill Street, Rhymney, NP22 5JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	10% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Debtors

	2024	2023
	£	£
Other debtors	–	1,194
	----	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	3,171	6,851
Other creditors	3,546	840
	-------	-------
	6,717	7,691
	-------	-------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A J Norris	1,194	( 3,900)	( 2,706)
	-------	-------	-------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A J Norris	( 25,006)	26,200	1,194
	--------	--------	-------