Registration number:
South East Leisure Ltd
for the Period from 4 October 2024 to 31 October 2024
South East Leisure Ltd
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
South East Leisure Ltd
Company Information
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Directors |
Mrs Angelina Churcher Mr Greg Churcher |
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Registered office |
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Accountants |
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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:
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
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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.
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Polegate
East Sussex
BN26 6BY
South East Leisure Ltd
Profit and Loss Account for the Period from 4 October 2024 to 31 October 2024
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Note |
2024 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating loss |
(4,761) |
(113,159) |
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Loss before tax |
( |
( |
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Loss for the financial period |
( |
( |
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
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2024 |
2024 |
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Loss for the period |
( |
( |
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Total comprehensive income for the period |
( |
( |
South East Leisure Ltd
(Registration number: 15187635)
Balance Sheet as at 31 October 2024
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Note |
2024 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(117,920) |
(113,159) |
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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:
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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
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South East Leisure Ltd
Statement of Changes in Equity for the Period from 4 October 2024 to 31 October 2024
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Share capital |
Retained earnings |
Total |
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At 4 October 2024 |
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( |
( |
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Loss for the period |
- |
( |
( |
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At 31 October 2024 |
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( |
( |
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Share capital |
Retained earnings |
Total |
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Loss for the period |
- |
( |
( |
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New share capital subscribed |
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- |
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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
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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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
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2024 |
2024 |
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Depreciation expense |
- |
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South East Leisure Ltd
Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024
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Tangible assets |
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Other tangible assets |
Total |
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Cost or valuation |
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At 4 October 2024 |
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At 31 October 2024 |
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Depreciation |
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At 4 October 2024 |
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At 31 October 2024 |
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Carrying amount |
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At 31 October 2024 |
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At 3 October 2024 |
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Stocks |
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2024 |
2024 |
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Other inventories |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2024 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Other creditors |
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Share capital |
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Loans and borrowings |
Current loans and borrowings
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2024 |
2024 |
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Other borrowings |
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South East Leisure Ltd
Notes to the Unaudited Financial Statements for the Period from 4 October 2024 to 31 October 2024
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Transition to FRS 102 |
Balance Sheet at 4 October 2023
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As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
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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
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As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
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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
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As originally reported |
Reclassification |
Remeasurement |
As restated |
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Turnover |
- |
- |
- |
- |
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Operating profit/(loss) |
- |
- |
- |
- |
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Profit/(loss) before tax |
- |
- |
- |
- |
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Profit/(loss) for the financial period |
- |
- |
- |
- |