REGISTERED NUMBER: 02588763 (England and Wales)

Longbeach Leisure Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Varley

R J Varley

Mrs L M Firth

I Appleyard

C Wilson

Mrs S Curran

REGISTERED OFFICE:

Beverley Farm

South Cliff

Hornsea

East Yorkshire

HU18 1TL

REGISTERED NUMBER:

02588763 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

3,470,776

2,527,327

Investments

5

45

-

3,470,821

2,527,327

CURRENT ASSETS

Stocks

579,420

775,896

Debtors

6

1,910,495

2,366,016

Cash at bank and in hand

47,638

83,121

2,537,553

3,225,033

CREDITORS

Amounts falling due within one year

7

1,325,605

1,215,276

NET CURRENT ASSETS

1,211,948

2,009,757

TOTAL ASSETS LESS CURRENT LIABILITIES

4,682,769

4,537,084

PROVISIONS FOR LIABILITIES

52,447

39,035

NET ASSETS

4,630,322

4,498,049

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Revaluation reserve

8

418,955

418,955

Retained earnings

4,111,367

3,979,094

SHAREHOLDERS' FUNDS

4,630,322

4,498,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

M R Varley - Director

1.	STATUTORY INFORMATION

Longbeach Leisure Limited 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is possible that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Depreciation is calculated to write down the cost less estimated residual value of all fixed assets (excluding land and properties under construction) over their expected useful lives.

Freehold buildings - improvement to property

0% to 15% per annum

Leasehold buildings

0% to 15% per annum

Plant and machinery

15% per annum

Furniture, fittings and equipment

10% to 25% per annum

Motor vehicles

25% per annum

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

The cost of finished goods and work in progress comprised direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell:the impairment loss is recognised immediately in the profit and loss.

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.

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 year was 36 (2023 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

3,147,607

410,197

105,598

95,783

3,759,185

Additions

1,013,130

42,483

6,271

-

1,061,884

At 31 December 2024

4,160,737

452,680

111,869

95,783

4,821,069

DEPRECIATION

At 1 January 2024

788,401

305,933

97,467

40,057

1,231,858

Charge for year

64,725

30,935

2,934

19,841

118,435

At 31 December 2024

853,126

336,868

100,401

59,898

1,350,293

NET BOOK VALUE

At 31 December 2024

3,307,611

115,812

11,468

35,885

3,470,776

At 31 December 2023

2,359,206

104,264

8,131

55,726

2,527,327

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 1999

418,955

-

-

-

418,955

Cost

3,741,782

452,680

111,869

95,783

4,402,114

4,160,737

452,680

111,869

95,783

4,821,069

If land and buildings had not been revalued 1999 would have been included at the following historical cost:

2024

2023

£

£

Cost

2,728,652

2,728,652

Aggregate depreciation

788,401

788,401

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

45

At 31 December 2024

45

NET BOOK VALUE

At 31 December 2024

45

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

834

4,280

Amounts owed by group undertakings

200,807

607,470

Other debtors

1,708,854

1,754,266

1,910,495

2,366,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

376,776

32,146

Trade creditors

157,131

419,431

Taxation and social security

198,440

160,203

Other creditors

593,258

603,496

1,325,605

1,215,276

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

418,955