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Registration number: 15187635

South East Leisure Ltd
Annual Report and Unaudited Financial Statements
for the Period from 4 October 2024 to 31 October 2024

South East Leisure Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 14

South East Leisure Ltd

Company Information

Directors | Mrs Angelina Churcher Mr Greg Churcher

Registered office | Bourne Farm Cold Harbour Road Upper Dicker East Sussex BN27 3PZ

Accountants | Hogarth Business Services Ltd 65 Victoria Road Polegate East Sussex BN26 6BY

South East Leisure Ltd

Directors' Report for the Period from 4 October 2024 to 31 October 2024

The directors present their report and the financial statements for the period from 4 October 2024 to 31 October 2024.

Directors of the company

The directors who held office during the period were as follows:

Mrs Angelina Churcher

Mr Greg Churcher

Principal activity

The principal activity of the company is Dining

Going concern

No Going Concern Issues.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:

......................................... Mrs Angelina Churcher Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
South East Leisure Ltd
for the Period Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of South East Leisure Ltd for the period ended 31 October 2024 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of South East Leisure Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of South East Leisure Ltd and state those matters that we have agreed to state to the Board of Directors of South East Leisure Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South East Leisure Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that South East Leisure Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of South East Leisure Ltd. You consider that South East Leisure Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of South East Leisure 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 accounts.

......................................
Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

14 October 2025

South East Leisure Ltd

Profit and Loss Account for the Period from 4 October 2024 to 31 October 2024

| Note | 2024 £ | 2024 £
Turnover |  | 97,069 | 738,248
Cost of sales |  | (52,407) | (417,493)
Gross profit |  | 44,662 | 320,755
Administrative expenses |  | (49,423) | (433,914)
Operating loss |  | (4,761) | (113,159)
Loss before tax | 4 | (4,761) | (113,159)
Loss for the financial period |  | (4,761) | (113,159)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

South East Leisure Ltd

Statement of Comprehensive Income for the Period from 4 October 2024 to 31 October 2024

| 2024 £ | 2024 £
Loss for the period | (4,761) | (113,159)
Total comprehensive income for the period | (4,761) | (113,159)

South East Leisure Ltd

(Registration number: 15187635)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 35,200 | 35,200
Current assets |  |  |
Stocks | 6 | 60,000 | 60,000
Cash at bank and in hand |  | 7,101 | 9,493
|  | 67,101 | 69,493
Creditors: Amounts falling due within one year | 7 | (220,121) | (217,752)
Net current liabilities |  | (153,020) | (148,259)
Net liabilities |  | (117,820) | (113,059)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | (117,920) | (113,159)
Shareholders' deficit |  | (117,820) | (113,059)

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:

......................................... Mr Greg Churcher Director

South East Leisure Ltd

Statement of Changes in Equity for the Period from 4 October 2024 to 31 October 2024

| Share capital £ | Retained earnings £ | Total £
At 4 October 2024 | 100 | (113,159) | (113,059)
Loss for the period | - | (4,761) | (4,761)
At 31 October 2024 | 100 | (117,920) | (117,820)

| Share capital £ | Retained earnings £ | Total £
Loss for the period | - | (113,159) | (113,159)
New share capital subscribed | 100 | - | 100
At 3 October 2024 | 100 | (113,159) | (113,059)

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Bourne Farm
Cold Harbour Road
Upper Dicker
East Sussex
BN27 3PZ
England

These financial statements were authorised for issue by the Board on 14 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies 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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises 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 profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 25 (2024 - 25).

4 | Loss before tax

Arrived at after charging/(crediting)

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

| 2024 £ | 2024 £
Depreciation expense | - | 8,800

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 4 October 2024 | 44,000 | 44,000
At 31 October 2024 | 44,000 | 44,000
Depreciation
At 4 October 2024 | 8,800 | 8,800
At 31 October 2024 | 8,800 | 8,800
Carrying amount
At 31 October 2024 | 35,200 | 35,200
At 3 October 2024 | 35,200 | 35,200

6 | Stocks

| 2024 £ | 2024 £
Other inventories | 60,000 | 60,000

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 81,833 | 83,969
Taxation and social security |  | 24,237 | 24,237
Other creditors |  | 114,051 | 109,546
|  | 220,121 | 217,752

8 | Share capital

9 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2024 £
Other borrowings | 81,833 | 83,969

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

10 | Transition to FRS 102

Balance Sheet at 4 October 2023

| As originally reported £ | Reclassification £ | Remeasurement £ | As restated £
Capital and reserves |  |  |  |
Total equity | - | - | - | -

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

Balance Sheet at 3 October 2024

| As originally reported £ | Reclassification £ | Remeasurement £ | As restated £
Capital and reserves |  |  |  |
Total equity | - | - | - | -

South East Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024

Profit and Loss Account for the year ended 3 October 2024

| As originally reported £ | Reclassification £ | Remeasurement £ | As restated £
Turnover | - | - | - | -
Operating profit/(loss) | - | - | - | -
Profit/(loss) before tax | - | - | - | -
Profit/(loss) for the financial period | - | - | - | -