CDG LEISURE LIMITED - Filleted accounts

Registered number

07128833

CDG LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

PAGES FOR FILING WITH REGISTRAR

CDG LEISURE LIMITED

CONTENTS



Page

Balance sheet	1 - 2

Notes to the financial statements	3 - 7

CDG LEISURE LIMITED

Balance Sheet

as at 31 March 2025
Company Registration No.	07128833



Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,649			6,494

Current assets
Debtors	4	452,109			541,128
Cash at bank and in hand		205,075			451,392
		657,184			992,520

Creditors: amounts falling due within one year	5	(523,002)			(821,078)

Net current assets			134,182			171,442

Total assets less current liabilities			137,831			177,936

Creditors: amounts falling due after more than one year	6		(17,662)			(65,472)



Net assets			120,169			112,464

Capital and reserves
Called up share capital			1,540			1,540
Share premium			110,049			110,049
Revaluation reserve	7		770			770
Profit and loss account			7,810			105

Shareholders' funds			120,169			112,464


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an 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 Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies' regime. The profit and loss account has not been delivered to the Registrar of Companies.



…………………………………..
Morris Gil Greenberg
Director

Approved by the board on 03.12.2025

CDG LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025



1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to the small companies regime. The disclosure requirements of section 1A have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below.

	Going concern
	The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Computer equipment	33% straight line
	Fixtures, fittings and equipment	20% straight line

	Financial instruments
	The company only enters into basic financial statements transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial instruments are recognised in the company's balance sheet date when the company becomes party to the contractual provisions of the instruments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective of impairments found, an impairment loss is recognised in profit and loss accounts. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Basic financial assets
	Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried amortised cost using effective interest method, less any impairment.

	Derecognition of financial assets
	Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

	Basic financial liabilities
	Basic financial liabilities, including creditors, bank loans, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method. Financial liabilities classified as payable within one year are not amortised.

	Derecognition of financial liabilities
	Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

	Cash and cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with financial institutions, and other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

	Taxation
	The tax expense represents the sum of the tax currently payable and deferred tax.

	Current tax
	The current tax payable is based on taxable profit for the year. Taxable profit differs from net profit reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

	Deferred tax
	Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future profits. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of the assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the assets is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities relate to taxes levied by the same tax authority.

	Retirement benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			10		11


3	Tangible fixed assets
		Land and buildings		Fixtures, fittings and equipment		Total
£			£		£
	Cost
	At 1 April 2024	16,092		92,296		108,388
	At 31 March 2025	16,092		92,296		108,388

	Depreciation
	At 1 April 2024	16,092		85,802		101,894
	Charge for the year	-		2,845		2,845
	At 31 March 2025	16,092		88,647		104,739

	Net book value
	At 31 March 2025	-		3,649		3,649
	At 31 March 2024	-		6,494		6,494




4	Debtors			2025		2024
£					£

	Trade debtors			21,716		221,151
	Accrued income			214,338		-
	Directors' current account			182,357		312,977
	Other debtors			33,698		7,000
				452,109		541,128

	The Directors' current account represents amounts due from the directors of the company. The maximum amount outstanding during the year was £182,357 (2024 - £312,977). The loan is interest free, unsecured, and repayable on demand.


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			51,402		89,784
	Trade creditors			4,961		4,639
	Corporation tax			128,141		30,878
	Other taxes and social security costs			51,604		99,981
	Other creditors			286,894		595,796
				523,002		821,078


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			17,662		65,472


7	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			770		770

	At 31 March 2025			770		770

	The capital redemption reserve reflects the nominal value of the shares bought back by the company.


8	Other information

	CDG Leisure Limited is a private company limited by shares and incorporated in England and Wales. The registered office is: 72 Charteris Road, London, NW6 7EX.