IRIS Accounts Production v25.1.4.42 SC576059 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC576059 2024-03-31 SC576059 2025-03-31 SC576059 2024-04-01 2025-03-31 SC576059 2023-03-31 SC576059 2023-04-01 2024-03-31 SC576059 2024-03-31 SC576059 ns15:Scotland 2024-04-01 2025-03-31 SC576059 ns14:PoundSterling 2024-04-01 2025-03-31 SC576059 ns10:Director1 2024-04-01 2025-03-31 SC576059 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC576059 ns10:SmallEntities 2024-04-01 2025-03-31 SC576059 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC576059 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC576059 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC576059 ns10:AbridgedAccounts 2024-04-01 2025-03-31 SC576059 ns5:CurrentFinancialInstruments 2025-03-31 SC576059 ns5:CurrentFinancialInstruments 2024-03-31 SC576059 ns5:Non-currentFinancialInstruments 2025-03-31 SC576059 ns5:Non-currentFinancialInstruments 2024-03-31 SC576059 ns5:ShareCapital 2025-03-31 SC576059 ns5:ShareCapital 2024-03-31 SC576059 ns5:RevaluationReserve 2025-03-31 SC576059 ns5:RevaluationReserve 2024-03-31 SC576059 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC576059 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC576059 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC576059 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC576059 ns5:FurnitureFittings 2024-04-01 2025-03-31

REGISTERED NUMBER: SC576059 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| IBB LEISURE LIMITED |

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

Page |

| Abridged Balance Sheet | 1 |

| Notes to the Financial Statements | 4 |

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

ABRIDGED BALANCE SHEET

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 1,604,708 |  |

CURRENT ASSETS

Stocks | - |  | 11,345 |  |

Debtors | 556,369 |  | 5,900 |  |

Cash at bank and in hand | 25,523 |  | 18,983 |  |

581,892 |  | 36,228 |  |

CREDITORS

Amounts falling due within one year | 580,001 |  | 1,794,866 |  |

NET CURRENT ASSETS/(LIABILITIES) | 1,891 |  | (1,758,638 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,891 |  | (153,930 | ) |

CREDITORS

Amounts falling due after more than one year | - |  | (12,420 | ) |

PROVISIONS FOR LIABILITIES | - |  | (114,186 | ) |

NET ASSETS/(LIABILITIES) | 1,891 |  | (280,536 | ) |

CAPITAL AND RESERVES

Called up share capital | 300 |  | 300 |  |

Revaluation reserve | 5 | 460,334 |  | 460,334 |  |

Retained earnings | (458,743 | ) | (741,170 | ) |

1,891 |  | (280,536 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

ABRIDGED BALANCE SHEET - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

ABRIDGED BALANCE SHEET - continued

31 March 2025

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

W Beattie - Director

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Ibb Leisure Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

| Registered number: | SC576059

| Registered office: | IBB Leisure Limited

| Bo'Ness Road

| Grangemouth

| Stirlingshire

| FK3 9XF

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 as modified by the revaluation of certain assets.

| Turnover and revenue recognition

| Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Fixtures and fittings | - | 10% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

| The gain or loss arising on the disposal of an asset is determined as the different between the sale proceeds and the carrying value of the assets, and is credited or charged to profit or loss.

| Impairment of fixed assets

| At each reporting end date, the company reviews the carrying amount of its tangible and intangible assets to

| determine whether there is any indication that those assets have suffered an impairment loss. If any such

| indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the

| impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessment of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Stocks

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

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

| Basic financial instruments are initially recognised at transaction value and subsequently measured at their

| settlement value.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| 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 35 (2024 - 35 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 April 2024 | 1,906,810 |  |

| Disposals | (1,906,810 | ) |

| At 31 March 2025 | - |  |

| DEPRECIATION

| At 1 April 2024 | 302,102 |  |

| Eliminated on disposal | (302,102 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 1,604,708 |  |

| IBB LEISURE LIMITED (REGISTERED NUMBER: SC576059) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Totals

£ |

| Valuation in 2021 | 526,956 |  |

| Valuation in 2022 | 350,000 |  |

| Valuation in 2023 | 1,264,064 |  |

| Valuation in 2024 | (234,210 | ) |

| Valuation in 2025 | (1,906,810 | ) |

5. | RESERVES

| Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets.

6. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,326 (2023: £5,975). At the balance sheet date, unpaid contributions of £1,147 (2023 £785) were due to the fund. They are included in other creditors.

7. | PARENT COMPANY

| The smallest group in which the company results are consolidated are headed by Beattie Holdings (Scotland) Limited, a company registered in Scotland. The registered address of Beattie Holdings (Scotland) Limited is Former Masterton Buildings, Bo'ness Road, Grangemouth, FK3 9XF.