REGISTERED NUMBER: 13452006 (England and Wales)

Financial Statements

for the Period 1 December 2022 to 28 November 2023

for

Irish Leisure Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Connolly

REGISTERED OFFICE:

Prospect House

Riverside Drive

Liverpool

England

L3 4DB

REGISTERED NUMBER:

13452006 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

1,041,194

23,744

CURRENT ASSETS

Stocks

124,937

133,150

Debtors

5

1,572,977

497,841

Cash at bank and in hand

59,631

125,100

1,757,545

756,091

CREDITORS

Amounts falling due within one year

6

1,413,182

554,422

NET CURRENT ASSETS

344,363

201,669

TOTAL ASSETS LESS CURRENT LIABILITIES

1,385,557

225,413

PROVISIONS FOR LIABILITIES

24,133

4,511

NET ASSETS

1,361,424

220,902

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,361,324

220,802

1,361,424

220,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 September 2025 and were signed by:

P Connolly - Director

1.	STATUTORY INFORMATION

Irish Leisure Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received for the sale of food and beverages excluding value added tax. Turnover is recognised when the goods are consumed.

Tangible fixed assets

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

Plant and machinery etc

-

20% 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.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation

Taxation for the period 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 period 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.

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 period was 122 (2022 - 116 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2022

26,382

Additions

1,064,798

At 28 November 2023

1,091,180

DEPRECIATION

At 1 December 2022

2,638

Charge for period

47,348

At 28 November 2023

49,986

NET BOOK VALUE

At 28 November 2023

1,041,194

At 30 November 2022

23,744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.11.23

30.11.22

£

£

Other debtors

1,572,977

497,841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.11.23

30.11.22

£

£

Trade creditors

476,375

77,945

Taxation and social security

754,063

323,401

Other creditors

182,744

153,076

1,413,182

554,422