Reel Leisure Limited Accounts






Reel Leisure Limited

	Company No. 00553321
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was amusement arcade operators.




Directors

The Directors who served at any time during the year were as follows:

L.C. Bell
R.A. Bell
D.L. Rhodes-Bell







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.L. Rhodes-Bell
Director
24 September 2025

at	31 December 2024
Company No.		00553321	Notes	2024	2023
				£	£
Fixed assets
	Intangible assets		5	-	-
	Tangible assets		6	1,241,852	1,275,062
	Investment property		7	139,847	139,847

				1,381,699	1,414,909
Current assets

	Debtors		8	31,885	6,030

	Cash at bank and in hand			21,852	73,823
				53,737	79,853
Creditors: Amount falling due within one year			9	(119,067)	(136,885)
Net current liabilities				(65,330)	(57,032)
Total assets less current liabilities				1,316,369	1,357,877
Creditors: Amounts falling due after more than one year			10	(39,552)	(61,250)
Provisions for liabilities
	Deferred taxation			(41,781)	(26,213)

Net assets				1,235,036	1,270,414

Capital and reserves
	Called up share capital			8,000	8,000

	Revaluation reserve		13	104,153	104,153

	Profit and loss account		13	1,122,883	1,158,261

Total equity				1,235,036	1,270,414



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 24 September 2025 and signed on its behalf by:
L.C. Bell
Director
24 September 2025

for the year ended 31 December 2024

General information

Reel Leisure Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 00553321

Its registered office is:

17/19 Great Underbank

Stockport

Cheshire

SK1 1LF

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

0.5% on cost

Leasehold land and buildings

over the period of the lease

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

"Plant and machinery" refers to Arcade Gaming Machines.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

Change in length of the reporting period

The reporting period for the comparative figures was for the six months ended 31 December 2023. The current period is for twelve months.

4	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	25	25

5	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 January 2024	204,000	204,000


		At 31 December 2024	204,000	204,000
		Amortisation and impairment
		At 1 January 2024	204,000	204,000



		At 31 December 2024	204,000	204,000
		Net book values
		At 31 December 2024	-	-
		At 31 December 2023	-	-

6	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 January 2024	1,202,465	1,632,263	175,613	518,241	3,528,582
		Additions	-	41,946	-	-	41,946



		At 31 December 2024	1,202,465	1,674,209	175,613	518,241	3,570,528
		Depreciation
		At 1 January 2024	186,080	1,468,684	82,998	515,758	2,253,520
		Charge for the year	-	51,381	23,154	621	75,156



		At 31 December 2024	186,080	1,520,065	106,152	516,379	2,328,676
		Net book values
		At 31 December 2024	1,016,385	154,144	69,461	1,862	1,241,852
		At 31 December 2023	1,016,385	163,579	92,615	2,483	1,275,062

7	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 January 2024	139,847



		At 31 December 2024	139,847

8	Debtors
			2024	2023
			£	£





		Loans to directors	25,779	6

		Prepayments and accrued income	6,106	6,024
			31,885	6,030

9	Creditors:
		amounts falling due within one year
			2024	2023
			£	£



		Obligations under finance lease and hire purchase contracts	21,698	22,280
		Trade creditors	4,168	-

		Taxes and social security	54,567	62,651

		Other creditors	28,969	12,948
		Accruals and deferred income	9,665	39,006
			119,067	136,885

		Obligations under HP/finance leases are secured by charges on the specific vehicles or gaming machines relating to each obligation.

10	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£



		Obligations under finance lease and hire purchase contracts	39,552	61,250




			39,552	61,250

11	Creditors: secured liabilities
			2024	2023
			£	£
		The aggregate amount of secured liabilities included within creditors	61,250	83,530

Share Capital

Ordinary shares of £1.00 each

13	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 January 2023	104,153	104,153



		At 31 December 2023 and 1 January 2024	104,153	104,153



		At 31 December 2024	104,153	104,153

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

14	Guarantees and commitments
			2024	2023
			£	£




		Pension commitments, included in above total	10,390	10,010