Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 true 2024-02-01 false Other amusement and recreation activities not elsewhere classified 10 10 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC345162 2024-02-01 2025-01-31 SC345162 2022-08-01 2024-01-31 SC345162 2025-01-31 SC345162 2024-01-31 SC345162 2024-02-01 SC345162 c:CompanySecretary1 2024-02-01 2025-01-31 SC345162 c:Director1 2024-02-01 2025-01-31 SC345162 c:Director2 2024-02-01 2025-01-31 SC345162 c:Director3 2024-02-01 2025-01-31 SC345162 c:RegisteredOffice 2024-02-01 2025-01-31 SC345162 d:PlantMachinery 2024-02-01 2025-01-31 SC345162 d:PlantMachinery 2025-01-31 SC345162 d:PlantMachinery 2024-01-31 SC345162 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC345162 d:OfficeEquipment 2024-02-01 2025-01-31 SC345162 d:OfficeEquipment 2025-01-31 SC345162 d:OfficeEquipment 2024-01-31 SC345162 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC345162 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC345162 d:CurrentFinancialInstruments 2025-01-31 SC345162 d:CurrentFinancialInstruments 2024-01-31 SC345162 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 SC345162 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC345162 d:ShareCapital 2025-01-31 SC345162 d:ShareCapital 2024-01-31 SC345162 d:RetainedEarningsAccumulatedLosses 2025-01-31 SC345162 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC345162 c:FRS102 2024-02-01 2025-01-31 SC345162 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC345162 c:FullAccounts 2024-02-01 2025-01-31 SC345162 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC345162 d:WithinOneYear 2025-01-31 SC345162 d:WithinOneYear 2024-01-31 SC345162 d:BetweenOneFiveYears 2025-01-31 SC345162 d:BetweenOneFiveYears 2024-01-31 SC345162 d:MoreThanFiveYears 2025-01-31 SC345162 d:MoreThanFiveYears 2024-01-31 SC345162 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: SC345162 JAA LEISURE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 JANUARY 2025
JAA LEISURE LIMITED
COMPANY INFORMATION
Directors | Alfred J Codona
| Andrea Codona
| Alan J Codona Jnr
Company secretary | LC Secretaries Limited
Registered number | SC345162
Registered office | Johnstone House
| 52-54 Rose Street
| Aberdeen
| AB10 1HA
Accountants | AAB
| Kingshill View
| Prime Four Business Park
| Kingswells
| Aberdeen
| AB15 8PU
JAA LEISURE LIMITED
CONTENTS
| Page
Directors' Responsibilities Statement | 1
Balance Sheet | 2 - 3
Notes to the Financial Statements | 4 - 8
JAA LEISURE LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE PERIOD ENDED 31 JANUARY 2025 The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' Reports may differ from legislation in other jurisdictions. Page 1
JAA LEISURE LIMITED REGISTERED NUMBER:SC345162
BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 24,666 |  | 29,478
|  |  | 24,666 |  | 29,478
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 28,493 |  | 16,347 |
Cash at bank and in hand | 6 | 13,296 |  | 99,756 |
|  | 41,789 |  | 116,103 |
Creditors: amounts falling due within one year | 7 | (232,268) |  | (253,583) |
Net current liabilities |  |  | (190,479) |  | (137,480)
Total assets less current liabilities |  |  | (165,813) |  | (108,002)
Net liabilities |  |  | (165,813) |  | (108,002)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 90 |  | 90
Profit and loss account |  |  | (165,903) |  | (108,092)
|  |  | (165,813) |  | (108,002)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question 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 financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. Page 2
JAA LEISURE LIMITED REGISTERED NUMBER:SC345162
BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Alfred J Codona
Director
Date: 7 October 2025
The notes on pages 4 to 8 form part of these financial statements. Page 3
JAA LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025
1. | General information
JAA Leisure Limited is a private company limited by shares incorporated in Scotland. The registered office is Johnstone House, 52-54 Rose Street, Aberdeen. The principal activity of the company is the provision of amusement and recreational activities. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company has net liabilities of £165,813. The company has no bank debt but included within creditors are loans from a related party with a value of £172,855 (see Note 7). The related party has given an undertaking to the company that such loans will not be called to the detriment of third party creditors. The ultimate shareholders have confirmed that they will continue to provide support to meet ongoing monthly expenditure and to support the company for the foreseeable future and for at least the next 12 month period. The going concern assumption is based on the continuing support of related parties. Without such an undertaking, the company would be unable to continue as a going concern. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. Page 4
JAA LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan 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 payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 5 years
|  |  |  | Office equipment | - | 3 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 5
JAA LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.10 | 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.
| 2.11 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
3. | Employees
The average monthly number of employees, including directors, during the period was 10 (2024 - 10). Page 6
JAA LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025
4. | Tangible fixed assets
|  | Plant and machinery | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 February 2024 | 33,163 | 1,020 | 34,183
| Additions | 8,960 | 600 | 9,560
| At 31 January 2025 | 42,123 | 1,620 | 43,743
| Depreciation |  |  |
| At 1 February 2024 | 4,422 | 283 | 4,705
| Charge for the period on owned assets | 13,865 | 507 | 14,372
| At 31 January 2025 | 18,287 | 790 | 19,077
| Net book value |  |  |
| At 31 January 2025 | 23,836 | 830 | 24,666
| At 31 January 2024 | 28,741 | 737 | 29,478
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 14,765 | 12,507
| Called up share capital not paid | - | 90
| Prepayments and accrued income | 13,728 | 3,750
|  | 28,493 | 16,347
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 13,296 | 99,756
|  | 13,296 | 99,756
Page 7
JAA LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 14,326 | 8,952
| Amounts owed to related undertakings | 172,855 | 201,651
| Other taxation and social security | 5,640 | 4,011
| Other creditors | 21 | 6,580
| Accruals and deferred income | 39,426 | 32,389
|  | 232,268 | 253,583
8. | Pension commitments
The company contributes to a defined contribution group pension scheme. There are unpaid contributions outstanding at the year end, including accruals totalling £8 (2024 - £28)
9. | Commitments under operating leases
| At 31 January 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 45,000 | 45,000
| Later than 1 year and not later than 5 years | 203,333 | 193,333
| Later than 5 years | 421,667 | 476,667
|  | 670,000 | 715,000
10. | Related party transactions
| During the year the company received loans from a company with common directors amounting to £nil (2024 - £100,000), received recharged costs totalling £1,204 (2024 - £141,651) and repaid amounts totalling £30,000 (2024 - £35,000). At the year end £172,855 (2024 - £201,651) remained outstanding.
Page 8