REGISTERED NUMBER: 09443735 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ELITE LEISURE (MANCHESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Steeples

S Soar

REGISTERED OFFICE:

2 Badger Street

Bury

Lancashire

BL9 6AD

REGISTERED NUMBER:

09443735 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

4

26,803

27,486

CURRENT ASSETS

Debtors

5

15,614

16,702

Cash at bank and in hand

71,899

53,019

87,513

69,721

CREDITORS

Amounts falling due within one year

6

105,452

84,968

NET CURRENT LIABILITIES

(17,939

)

(15,247

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,864

12,239

PROVISIONS FOR LIABILITIES

7

2,462

2,528

NET ASSETS

6,402

9,711

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

6,401

9,710

SHAREHOLDERS' FUNDS

6,402

9,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

L Steeples - Director

S Soar - Director

1.	STATUTORY INFORMATION

Elite Leisure (Manchester) Limited 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.

Though the Balance Sheet at the period end discloses an insolvent position, the director has confirmed their continued support to the company and will not withdraw their loan until the cash flow permits. It is believed that the company will be able to maintain positive cash flows in the foreseeable future. As a result, they have adopted the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

2% on cost

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account and Retained Earnings, 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

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

16,687

21,446

4,706

42,839

Additions

-

981

-

981

At 28 February 2025

16,687

22,427

4,706

43,820

DEPRECIATION

At 1 March 2024

2,508

11,452

1,393

15,353

Charge for year

333

998

333

1,664

At 28 February 2025

2,841

12,450

1,726

17,017

NET BOOK VALUE

At 28 February 2025

13,846

9,977

2,980

26,803

At 29 February 2024

14,179

9,994

3,313

27,486

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

10,487

5,950

Directors' current accounts

5,127

10,752

15,614

16,702

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

293

374

Tax

10,694

8,979

Social security and other taxes

1,662

1,662

VAT

83,642

63,449

Other creditors

7,596

7,536

Accrued expenses

1,565

2,968

105,452

84,968

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,462

2,528

Deferred

tax

£

Balance at 1 March 2024

2,528

Provided during year

(66

)

Balance at 28 February 2025

2,462

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

ordinary

£1

1

1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

S Soar and L Steeples

Balance outstanding at start of year

10,753

-

Amounts advanced

5,127

10,753

Amounts repaid

(10,753

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,127

10,753