REGISTERED NUMBER: 09224941 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

North West Leisure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T D Hoyle

REGISTERED OFFICE:

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

REGISTERED NUMBER:

09224941 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

39,550

42,100

Tangible assets

5

907,054

1,058,779

946,604

1,100,879

CURRENT ASSETS

Debtors

6

37,490

57,490

Cash at bank

6,619

12,735

44,109

70,225

CREDITORS

Amounts falling due within one year

7

2,407,372

2,431,021

NET CURRENT LIABILITIES

(2,363,263

)

(2,360,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,416,659

)

(1,259,917

)

CREDITORS

Amounts falling due after more than one year

8

2,607

13,048

NET LIABILITIES

(1,419,266

)

(1,272,965

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(1,419,366

)

(1,273,065

)

SHAREHOLDERS' FUNDS

(1,419,266

)

(1,272,965

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 7 November 2025 and were signed by:

Mr T D Hoyle - Director

1.	STATUTORY INFORMATION

North West Leisure Ltd 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.

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 gym membership and entry fees plus related income receivable in the year, excluding value added tax.

Intangible assets - franchise

The amount paid in connection with the acquisition of 5 franchises, £133,700.00, is to be written off evenly over the separate 5 year terms of the initial franchise agreements. These 5 year terms commence individually when trading commences at each of the corresponding sites.

Tangible fixed assets

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

Short leasehold

-

at varying rates on cost

Plant and machinery

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1 April 2024

133,700

Additions

10,000

At 31 March 2025

143,700

AMORTISATION

At 1 April 2024

91,600

Amortisation for year

12,550

At 31 March 2025

104,150

NET BOOK VALUE

At 31 March 2025

39,550

At 31 March 2024

42,100

5.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 April 2024

1,356,978

439,381

1,796,359

Additions

4,290

10,600

14,890

At 31 March 2025

1,361,268

449,981

1,811,249

DEPRECIATION

At 1 April 2024

409,555

328,025

737,580

Charge for year

136,127

30,488

166,615

At 31 March 2025

545,682

358,513

904,195

NET BOOK VALUE

At 31 March 2025

815,586

91,468

907,054

At 31 March 2024

947,423

111,356

1,058,779

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by associates

37,490

57,490

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,441

10,184

Hire purchase contracts

-

871

Trade creditors

963

182

Social security and other taxes

14,867

11,065

Directors' loan accounts

2,374,793

2,400,360

Accrued expenses

6,308

8,359

2,407,372

2,431,021

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,607

10,441

Bank loans - 2-5 years

-

2,607

2,607

13,048

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

10.	GOING CONCERN

The financial statements have been prepared on the going concern basis which is dependent upon the continuing support of the Company's directors.

As at the balance sheet date the Company has net liabilities of £1,419,266 (2024: £1,272,965)

However included within creditors amounts falling due within one year are director's loan accounts amounting to £2,374,793 (2024: £2,400,360).