Spreyer Brothers Leisure Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05220788

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		101,400		148,200
Tangible Assets	5		12,376,473		12,453,967

			12,477,873		12,602,167
CURRENT ASSETS
Debtors	6	38,450		36,942
Investments	7	99		99
Cash at bank and in hand		272,063		107,599

		310,612		144,640
Creditors: Amounts Falling Due Within One Year	8	(1,476,560 )		(1,294,679 )

NET CURRENT ASSETS (LIABILITIES)			(1,165,948 )		(1,150,039 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,311,925		11,452,128

Creditors: Amounts Falling Due After More Than One Year	9		(4,742,821 )		(4,877,519 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,107,774 )		(1,107,774 )

NET ASSETS			5,461,330		5,466,835

CAPITAL AND RESERVES
Called up share capital	10		68		68
Revaluation reserve	11		4,555,966		4,555,966
Capital redemption reserve			(1,704,900 )		(1,704,900 )
Profit and Loss Account			2,610,196		2,615,701

SHAREHOLDERS' FUNDS			5,461,330		5,466,835

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Spreyer Brothers Leisure Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D M Spreyer Director	Mr D J Spreyer Director
30/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Spreyer Brothers Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05220788 . The registered office is 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% On Cost
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax 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 substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Spreyer Brothers Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 15)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2024	1,233,990

As at 28 February 2025	1,233,990

Amortisation
As at 1 March 2024	1,085,790
Provided during the period	46,800

As at 28 February 2025	1,132,590

Net Book Value
As at 28 February 2025	101,400

As at 1 March 2024	148,200

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 March 2024	12,515,116	1,107,494	23,270	88,216

As at 28 February 2025	12,515,116	1,107,494	23,270	88,216

Depreciation
As at 1 March 2024	434,327	748,958	15,191	82,026
Provided during the period	41,213	32,830	2,019	1,339

As at 28 February 2025	475,540	781,788	17,210	83,365

Net Book Value
As at 28 February 2025	12,039,576	325,706	6,060	4,851

As at 1 March 2024	12,080,789	358,536	8,079	6,190


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 March 2024	3,759	13,737,855

As at 28 February 2025	3,759	13,737,855

Depreciation
As at 1 March 2024	3,386	1,283,888
Provided during the period	93	77,494

As at 28 February 2025	3,479	1,361,382

...CONTINUED

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Spreyer Brothers Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Net Book Value
As at 28 February 2025	280	12,376,473

As at 1 March 2024	373	12,453,967

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
At cost	12,515,116	1,107,494	23,270	88,216

	12,515,116	1,107,494	23,270	88,216


	Computer Equipment	Total
	£	£
At cost	3,759	13,737,855

	3,759	13,737,855

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	7,754,414

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	33
VAT	38,450	36,909

	38,450	36,942

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	99	99

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Spreyer Brothers Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(962 )	-
Bank loans and overdrafts	588,707	245,981
Corporation tax	58,336	29,403
Other taxes and social security	5,373	3,338
Other creditors	69	2,285
Accruals and deferred income	3,599	8,609
Directors' loan accounts	128,181	135,478
Amounts owed to subsidiaries	614,745	791,040
Amounts owed to related parties	78,512	78,545

	1,476,560	1,294,679

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,742,821	4,317,519
Amounts owed to associates	1,000,000	-
Amounts owed to related parties	-	560,000

	4,742,821	4,877,519

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	2,621,009		3,160,429

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	68	68

11. Reserves

	Revaluation Reserve
	£
As at 1 March 2024	4,555,966

As at 28 February 2025	4,555,966

12. Related Party Transactions

At the balance sheet date, the company had an outstanding loan due to Spreyer Brothers Ltd of £78,545 (2024: 78,545). The loan is interest free and repayable upon demand.

During the year, the company received a loan of £220,000 from Spreyer Destinations Ltd to facilitate the purchase of a new caravan park. This is a company under the common control of director, D J Spreyer. As at the balance sheet date, the outstanding loan due to Spreyer Destinations Ltd was £500,000 (2022: £280,000)

During the year, the company received a loan of £220,000 from D.M. Spreyer Holdings Ltd to facilitate the purchase of a new caravan park. This is a company under the common control of director, D M Spreyer. As at the balance sheet date, the outstanding loan due to D.M. Spreyer Holdings Ltd was £500,000 (2022: £280,000).

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