Registration number: 04085875

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.