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Registration number: 04085875

IV League Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

IV League Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

IV League Limited

(Registration number: 04085875)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 257,642 | 278,215
Current assets |  |  |
Stocks | 5 | 12,773 | 18,771
Debtors | 6 | 671,595 | 672,151
Cash at bank and in hand |  | 274,700 | 366,521
|  | 959,068 | 1,057,443
Creditors: Amounts falling due within one year | 7 | (177,254) | (228,467)
Net current assets |  | 781,814 | 828,976
Net assets |  | 1,039,456 | 1,107,191
Capital and reserves |  |  |
Called up share capital | 8 | 400 | 400
Share premium reserve |  | 132,795 | 132,795
Retained earnings |  | 906,261 | 973,996
Shareholders' funds |  | 1,039,456 | 1,107,191

IV League Limited

(Registration number: 04085875)
Balance Sheet as at 31 March 2025

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:

......................................... S Marshall Director
......................................... J Oppon Director

IV League Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
7, Kingston Road
Bath
Somerset
BA1 1PQ

2 | 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sales of services and goods 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.

IV League Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:

Asset class | Depreciation method and rate
Leasehold properties | Straight line over the life of the lease
Fixtures and fittings | 25% Straight line
Equipment | 25% Straight line
Plant and machinery | 25% Straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

IV League Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 59 (2024 - 90).

IV League Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Short leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 615,016 | 191,483 | 25,574 | 16,178 | 848,251
At 31 March 2025 | 615,016 | 191,483 | 25,574 | 16,178 | 848,251
Depreciation
At 1 April 2024 | 336,801 | 191,483 | 25,574 | 16,178 | 570,036
Charge for the year | 20,573 | - | - | - | 20,573
At 31 March 2025 | 357,374 | 191,483 | 25,574 | 16,178 | 590,609
Carrying amount
At 31 March 2025 | 257,642 | - | - | - | 257,642
At 31 March 2024 | 278,215 | - | - | - | 278,215

Included within the net book value of land and buildings above is £257,642 (2024 - £278,215) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 12,773 | 18,771

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | - | 4,069
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 11 | 450,000 | 450,000
Prepayments |  | 16,194 | 16,744
Other debtors |  | 205,401 | 201,338
|  | 671,595 | 672,151

IV League Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 3,378
Trade creditors |  | 107,682 | 133,660
Taxation and social security |  | 60,487 | 63,020
Accruals and deferred income |  | 5,620 | 9,330
Other creditors |  | 3,465 | 19,079
|  | 177,254 | 228,467

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
400 Ordinary shares of £1 each | 400 | 400 | 400 | 400

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 3,378

IV League Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,474,000 (2024 - £1,605,000).

11 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Advances to director £ | At 31 March 2025 £
J Oppon
| 135,005 | 3,038 | 138,043

2024 | At 1 April 2023 £ | Advances to director £ | At 31 March 2024 £
J Oppon
| 132,034 | 2,971 | 135,005

Summary of transactions with parent

At the balance sheet date the amount due from its parent company was £450,000 (2023: £450,000).
A Management charge of £60,000 was made by the holding company, Oxford Leisure Limited, to IV League Limited.

12 | Parent and ultimate parent undertaking

The company's immediate parent is Oxford Leisure Limited, incorporated in England.