Private Leisure Commercial Developments Ltd Company accounts

COMPANY REGISTRATION NUMBER: NI025236

Private Leisure Commercial Developments Ltd

Unaudited Financial Statements

30 April 2025

Private Leisure Commercial Developments Ltd

Financial Statements

Year ended 30 April 2025

Contents	Page

Director's report	1

Statement of comprehensive income	2

Statement of financial position	3

Statement of changes in equity	4

Notes to the financial statements	5

The following pages do not form part of the financial statements

Report to the director on the preparation of the unaudited statutory financial statements	10

Private Leisure Commercial Developments Ltd

Director's Report

Year ended 30 April 2025

The director presents his report and the unaudited financial statements of the company for the year ended 30 April 2025 .

Director

The director who served the company during the year was as follows:

Mr S Earney

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 25 September 2025 and signed on behalf of the board by:

Mr S Earney
Director	Company Secretary

Registered office:

221 Comber Road

Lisburn

N Ireland

BT27 6XY

Private Leisure Commercial Developments Ltd

Statement of Comprehensive Income

Year ended 30 April 2025

	2025	2024
Note	£	£
Turnover	194,264	171,075

	---------	---------
Gross profit	194,264	171,075

Administrative expenses	116,684	60,555
	---------	---------
Operating profit	77,580	110,520

Other interest receivable and similar income		28,252	24,192
		---------	---------
Profit before taxation	4	105,832	134,712

Tax on profit	28,234	36,422
	---------	---------
Profit for the financial year and total comprehensive income	77,598	98,290
	---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Private Leisure Commercial Developments Ltd

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		176,037	198,204

Current assets

Debtors	6	49,527	47,681
Cash at bank and in hand		895,207	915,570
		---------	---------
		944,734	963,251

Creditors: amounts falling due within one year	7	35,515		53,799
		---------		---------
Net current assets			909,219	909,452
			------------	------------
Total assets less current liabilities			1,085,256	1,107,656
			------------	------------
Net assets			1,085,256	1,107,656
			------------	------------

Capital and reserves

Called up share capital	4	2
Profit and loss account	1,085,252	1,107,654
	------------	------------
Shareholders funds	1,085,256	1,107,656
	------------	------------

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 30 April 2025 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 25 September 2025 , and are signed on behalf of the board by:

Mr S Earney
Director

Company registration number: NI025236

Private Leisure Commercial Developments Ltd

Statement of Changes in Equity

Year ended 30 April 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 May 2023	2	1,069,364	1,069,366

Profit for the year		98,290	98,290
	----	------------	------------
Total comprehensive income for the year	–	98,290	98,290

Dividends paid and payable	–	( 60,000)	( 60,000)
	----	------------	------------
Total investments by and distributions to owners	–	( 60,000)	( 60,000)

At 30 April 2024	2	1,107,654	1,107,656

Profit for the year		77,598	77,598
	----	------------	------------
Total comprehensive income for the year	–	77,598	77,598

Issue of shares	2	–	2
Dividends paid and payable	–	( 100,000)	( 100,000)
	----	---------	---------
Total investments by and distributions to owners	2	( 100,000)	( 99,998)

	----	------------	------------
At 30 April 2025	4	1,085,252	1,085,256
	----	------------	------------

Private Leisure Commercial Developments Ltd

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 221 Comber Road, Lisburn, BT27 6XY, N Ireland.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	20% reducing balance
Fixtures & fittings	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	22,627	25,791
	--------	--------

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 May 2024	53,000	533,042	586,042
Additions	460	–	460
	--------	---------	---------
At 30 April 2025	53,460	533,042	586,502
	--------	---------	---------
Depreciation
At 1 May 2024	25,864	361,974	387,838
Charge for the year	17,107	5,520	22,627
	--------	---------	---------
At 30 April 2025	42,971	367,494	410,465
	--------	---------	---------
Carrying amount
At 30 April 2025	10,489	165,548	176,037
	--------	---------	---------
At 30 April 2024	27,136	171,068	198,204
	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	16,864	12,524
Other debtors	32,663	35,157
	--------	--------
	49,527	47,681
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	30,264	3,701
Corporation tax	28,263	36,451
Social security and other taxes	6,244	2,903
Other creditors	( 29,256)	10,744
	--------	--------
	35,515	53,799
	--------	--------

Private Leisure Commercial Developments Ltd

Management Information

Year ended 30 April 2025

The following pages do not form part of the financial statements.

Private Leisure Commercial Developments Ltd

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Private Leisure Commercial Developments Ltd

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Private Leisure Commercial Developments Ltd for the year ended 30 April 2025, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. This report is made solely to the director of Private Leisure Commercial Developments Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Private Leisure Commercial Developments Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Private Leisure Commercial Developments Ltd and its director for our work or for this report.

It is your duty to ensure that Private Leisure Commercial Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Private Leisure Commercial Developments Ltd. You consider that Private Leisure Commercial Developments Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Private Leisure Commercial Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEANEN STANFIELD & McKEE Chartered accountants

30 Bachelors Walk Lisburn Co Antrim BT28 1XN

25 September 2025