2024-04-01 02002955 2025-03-31 02002955 2024-04-01 2025-03-31 02002955 2024-03-31 02002955 2023-04-01 2024-03-31 02002955 uk-core:WithinOneYear 2024-03-31 02002955 uk-core:WithinOneYear 2025-03-31 02002955 uk-core:ShareCapital 2025-03-31 02002955 uk-core:ShareCapital 2024-03-31 02002955 uk-core:RevaluationReserve 2025-03-31 02002955 uk-core:RevaluationReserve 2024-03-31 02002955 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 02002955 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 02002955 uk-bus:Director1 2024-04-01 2025-03-31 02002955 uk-core:Buildings 2024-04-01 2025-03-31 02002955 uk-core:PlantMachinery 2024-04-01 2025-03-31 02002955 uk-core:FurnitureFittings 2024-04-01 2025-03-31 02002955 uk-core:Goodwill 2024-03-31 02002955 uk-core:Goodwill 2025-03-31 02002955 uk-core:FurnitureFittings 2024-03-31 02002955 uk-core:PlantMachinery 2024-03-31 02002955 uk-core:Buildings 2024-03-31 02002955 uk-core:Buildings 2025-03-31 02002955 uk-core:PlantMachinery 2025-03-31 02002955 uk-core:FurnitureFittings 2025-03-31 02002955 uk-core:CostValuation 2024-03-31 02002955 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 02002955 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2025-03-31 02002955 uk-core:CostValuation 2025-03-31 02002955 uk-core:Non-currentFinancialInstruments 2025-03-31 02002955 uk-core:Non-currentFinancialInstruments 2024-03-31 02002955 2 uk-bus:Director2 2024-04-01 2025-03-31 02002955 2 uk-bus:Director2 2025-03-31 02002955 2 uk-bus:Director2 2024-03-31 02002955 3 uk-bus:Director1 2024-04-01 2025-03-31 02002955 3 uk-bus:Director1 2025-03-31 02002955 3 uk-bus:Director1 2024-03-31 iso4217:GBP xbrli:pure 02002955 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02002955 uk-bus:FRS102 2024-04-01 2025-03-31 02002955 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 02002955 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31

Festival Leisure Limited

Registered Number:02002955

For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements

2

Registered Number :

02002955

As at 31 March 2025

Festival Leisure Limited
Statement of Financial Position

£

£

2024
2025

Notes

Fixed assets

Property, plant and equipment

175,367
165,992
3
4
2,410,500
2,288,000

Investment property

Financial assets

100
100
5
2,585,967
2,454,092

Current assets

Inventories

50
50
6

Trade and other receivables

25,853
17,044
7
97,359

Cash and cash equivalents

78,782
95,876
123,262

Trade and other payables: amounts falling due within one
year

(16,635)
(23,614)
8
106,627
72,262
Net current assets

Total assets less current liabilities

2,658,229
2,560,719
(312,830)
(281,870)

Provisions for liabilities

2,345,399
Net assets
2,278,849

Capital and reserves

Called up share capital

420,000
420,000

Revaluation reserve

1,738,189
1,647,699
9

Retained earnings

187,210
211,150
2,345,399
2,278,849
Shareholders' funds

For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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3

Registered Number :

02002955

For the year ended 31 March 2025
Festival Leisure Limited
Statement of Financial Position Continued

Mrs Susan Whelan Director

These financial statements were approved and authorised for issue by the Board on 14 November 2025 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 March 2025
Festival Leisure Limited
Notes to the Financial Statements
Statutory Information

Festival Leisure Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02002955.

Registered address:

108 East Street
Bedminster
Bristol
BS4 4EY

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified for the revaluation of certain assets.

Significant judgements and estimates

The accounts contain significant values in respect of investment properties the value of which have been estimated by the directors. The estimates are based on valuations obtained from appropriate estate agents in 2023 that have then been updated by the directors to reflect general market changes since that time.

Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company.
Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives, on the following basis:

Land and buildings

2% Straight line

Plant and machinery

10% to 33% Straight line

15% Reducing balance

Fixtures and fittings
Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is recognised in the statement of income. No provision for depreciation is provided as none of the investment properties are leasehold where the unexpired lease term is less than 20 years. The taxation charge includes the changes in the deferred tax liability that would be expected to arise should the properties be disposed off at their revalued amount.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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5
For the year ended 31 March 2025
Festival Leisure Limited
Notes to the Financial Statements Continued
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date, this includes recognition of potential timing differences arising in respect of revaluations of investment properties. Deferred tax assets and liabilities are measured at the rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Group accounts

The company is a parent company subject to the small companies' regime. The company and its subsidiary
comprise a small group. The company has, therefore, taken advantage of the option provided by the Companies Act
2006 not to prepare group accounts.

Fixed asset investments

Fixed asset investments represents investment in subsidiaries and are stated at cost less provision for any
permanent diminution in value.

2. Intangible fixed assets

Goodwill

Cost or valuation

£

At 01 April 2024

5,000

At 31 March 2025

5,000

Amortisation

At 01 April 2024

5,000

At 31 March 2025

5,000

Net book value

At 31 March 2025

-

At 31 March 2024

-
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For the year ended 31 March 2025
Festival Leisure Limited
Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Fixtures and
fittings

Plant and
machinery

Land and
buildings

£

£

£

£

Cost or
valuation

At 01 April 2024

404,503
30,786
109,503
264,214
18,760
9,494
9,266
-

Additions

-
(2,274)
-

Disposals

(2,274)

At 31 March 2025

264,214
116,495
40,280
420,989

Provision for depreciation and impairment

At 01 April 2024

238,511
28,508
72,260
137,743
Charge for year
9,382
721
8,661
-
(2,271)
-
(2,271)
-

On disposal

At 31 March 2025

245,622
29,229
78,650
137,743

At 31 March 2025

Net book value

126,471
37,845
11,051
175,367

At 31 March 2024

126,471
37,243
2,278
165,992

Freehold properties have been depreciated to a value that is equal to, or less than, their current expected residual
value. As a result, no further charge for depreciation has been provided for.

4. Investment property

Total

£

Fair value

At 01 April 2024

2,288,000

Additions

1,850

Fair value adjustments

120,650

At 31 March 2025

2,410,500

Net book value

At 31 March 2025

2,410,500

At 31 March 2024

2,288,000

The historic cost of the properties revalued is £538,954 (2023 £537,104). The net book value of the properties at the time of revaluation plus the cost of improvements since that time is £367,381 (2023 £365,531)

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For the year ended 31 March 2025
Festival Leisure Limited
Notes to the Financial Statements Continued

5. Investments held as fixed assets

Shares in group and participating interests

Total

At 01 April 2024

100
100

Cost

£

£

At 31 March 2025

100
100

At 31 March 2025

Net book value

100
100

At 01 April 2024

100
100

The investment reflects the Company's holding of a 100% share in Fiesta Leisure Limited.

6. Inventories

2024
2025

£

£

Stocks

50
50

7. Trade and other receivables

2024
2025

£

£

Trade debtors

3,360
7,410

Amounts owed by group undertakings and participating interests

3,801
1,184

Other debtors

9,883
17,259
25,853
17,044

Other debtors at 31 March 2024 included the amounts owed in relation to the directors' overdrawn current accounts as described in note13. The directors' current accounts were in credit at 31 March 2025.

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8
For the year ended 31 March 2025
Festival Leisure Limited
Notes to the Financial Statements Continued

8. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Trade creditors

156
610

Taxation and social security

7,392
6,344

Directors' loan accounts

209
-

Other creditors

15,857
9,681
23,614
16,635

9. Reserves

Total

£

Revaluation reserve at 01 April 2024

1,647,699

Transfer to profit and loss account

90,490
1,738,189

Revaluation reserve at 31 March 2025

10. Related party transactions

The company undertakes certain administration tasks for Fiesta Leisure Limited, its 100% subsidiary, for which a
management charge of £Nil (2023 £Nil) has been made. The company also incurs joint costs in relation to insurance
costs and (2024 operational licence fees) that partly relate to Fiesta Leisure Limited. An appropriate proportion of
these costs are recharged and recovered from Fiesta Leisure Limited. The amount recharged during the year
amounted to £1,200 (2024 £1,679).

The company received the benefit of the surrender of tax losses as a result of a group relief claim in respect of
Fiesta Leisure Limited in respect of trading losses of £21,836 for which a charge of £ 4,149 has been provided for
within the accounts.

At 31 March 2025 there was an amount due from Fiesta Leisure Limited of £1,184 (2024 £3,801).

11. Directors advances and guarantees

At 01/04/2024

At 31/03/2025

£

£

Mrs Susan Whelan
Directors's current account
-
904
-
904
Mrs Angela Price-Moore
Directors's current account
-
877
-
877
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For the year ended 31 March 2025
Festival Leisure Limited
Notes to the Financial Statements Continued

12. Average number of persons employed

During the year the average number of employees was 12 (2024 : 12)
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