REGISTERED NUMBER: 14299812 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOCA SOCIAL WHITE CITY LIMITED

PREVIOUSLY KNOWN AS

ACTIVE ENTERTAINMENT WHITE CITY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

5

4,476,507

147,932

CURRENT ASSETS

Debtors

6

1,630,026

235,786

Cash at bank

517,247

-

2,147,273

235,786

CREDITORS

Amounts falling due within one year

7

(1,295,497

)

(395,045

)

NET CURRENT ASSETS/(LIABILITIES)

851,776

(159,259

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,328,283

(11,327

)

CREDITORS

Amounts falling due after more than one year

8

(693,433

)

-

NET ASSETS/(LIABILITIES)

4,634,850

(11,327

)

CAPITAL AND RESERVES

Called up share capital

10

5,368,054

100

Retained earnings

(733,204

)

(11,427

)

SHAREHOLDERS' FUNDS

4,634,850

(11,327

)

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 Statement of Income and Retained Earnings 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:

Mr M J Brent - Director

1.	STATUTORY INFORMATION

Toca Social White City Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14299812

Registered office:

240 High Holborn

London

WC1V 7DN

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies of the company applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of accounting

These financial statements are prepared on a going concern basis, under the historical cost convention. The functional and presentation currency of these financial statements is pound sterling.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible assets

Tangible assets are stated at cost less accumulated depreciation and any impairment losses. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is calculated using the straight line method from time when tangible assets are brought in to use so as to write off the cost of fixed assets to their residual values over their estimated useful lives, as follows:

Plant & Machinery etc. - 5 years straight line and straight line over life of lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.

EMPLOYEES

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

5.	TANGIBLE ASSETS

Leasehold

improvement

£

COST

At 1 January 2024

147,932

Additions

4,328,575

At 31 December 2024

4,476,507

NET BOOK VALUE

At 31 December 2024

4,476,507

At 31 December 2023

147,932

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

1,458,282

235,786

Amounts falling due after more than one year:

Amounts owed by group undertakings

171,744

-

Aggregate amounts

1,630,026

235,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

644,503

-

Amounts owed to group undertakings

-

383,794

Other creditors

650,994

11,251

1,295,497

395,045

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

100

-

Other creditors

693,333

-

693,433

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Between one and five years

2,257,860

2,257,860

In more than five years

7,526,200

7,526,200

9,784,060

9,784,060

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,368,154

Ordinary

£1

5,368,154

100

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

During the year, 5,368,054 Ordinary shares of £1 were issued at par.

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

The Auditors' Report was unqualified.

Mr Graham David Lyon FCCA (Senior Statutory Auditor)

for and on behalf of CG LEE Limited

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY