REGISTERED NUMBER: 11247775 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Family Leisure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs G Bailey

J F Bailey

REGISTERED OFFICE:

21-25 Marine Avenue

Whitley Bay

Tyne and Wear

NE26 1LX

REGISTERED NUMBER:

11247775 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

122,206

103,189

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

174,620

153,106

Cash at bank and in hand

417,696

437,469

594,316

592,575

CREDITORS

Amounts falling due within one year

6

555,706

576,677

NET CURRENT ASSETS

38,610

15,898

TOTAL ASSETS LESS CURRENT LIABILITIES

160,816

119,087

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

159,816

118,087

SHAREHOLDERS' FUNDS

160,816

119,087

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 29 September 2025 and were signed on its behalf by:

Mrs G Bailey - Director

1.	STATUTORY INFORMATION

Family 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.

The company's principal place of business is at 5-8 The Esplanade, Redcar, TS10 3AA.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Turnover

Turnover represents takings from the children's indoor play centre and ice cream parlour, excluding value added tax, and is recognised on a cash basis.

Tangible fixed assets

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

Leasehold improvements

-

10% on cost

Amusement machines

-

33% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is 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.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Amusement

and

improvements

machines

fittings

£

£

£

COST

At 1 January 2024

128,171

14,969

416,818

Additions

-

-

3,406

Disposals

-

-

(2,400

)

At 31 December 2024

128,171

14,969

417,824

DEPRECIATION

At 1 January 2024

69,981

11,575

390,353

Charge for year

12,817

1,120

10,407

Eliminated on disposal

-

-

(2,399

)

At 31 December 2024

82,798

12,695

398,361

NET BOOK VALUE

At 31 December 2024

45,373

2,274

19,463

At 31 December 2023

58,190

3,394

26,465

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

51,833

423

612,214

Additions

119,170

-

122,576

Disposals

(98,583

)

-

(100,983

)

At 31 December 2024

72,420

423

633,807

DEPRECIATION

At 1 January 2024

37,027

89

509,025

Charge for year

18,776

106

43,226

Eliminated on disposal

(38,251

)

-

(40,650

)

At 31 December 2024

17,552

195

511,601

NET BOOK VALUE

At 31 December 2024

54,868

228

122,206

At 31 December 2023

14,806

334

103,189

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

174,620

153,106

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

19,702

14,876

Amounts owed to group undertakings

469,000

469,000

Taxation and social security

47,781

76,780

Other creditors

19,223

16,021

555,706

576,677

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs G Bailey and J F Bailey

Balance outstanding at start of year

111,910

-

Amounts advanced

14,036

111,910

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

125,946

111,910

The amounts advanced to the directors have no fixed terms of repayment. Interest is charged at a rate of 2.25%.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Tyne Tees Entertainments Limited which owns 100% of the issued share capital. The parent is registered in England and Wales and the registered office is 10 The Esplanade, Redcar, TS10 3AA.