REGISTERED NUMBER: 01877119 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SPORTS LEISURE PROMOTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

Directors:

S P Barrett

S S Gillam

L M Hurlstone

R A M Hutton

A Pritchard

R H Thorpe

Secretary:

R H Thorpe

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

01877119 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

5

2,116,565

2,075,112

Current assets

Stocks

2,700

3,079

Debtors

6

43,862

42,251

Cash at bank and in hand

272,662

321,853

319,224

367,183

Creditors

Amounts falling due within one year

7

514,935

410,163

Net current liabilities

(195,711

)

(42,980

)

Total assets less current liabilities

1,920,854

2,032,132

Creditors

Amounts falling due after more than one year

8

(70,840

)

(160,840

)

Provisions for liabilities

(39,081

)

(21,435

)

Net assets

1,810,933

1,849,857

Capital and reserves

Called up share capital

12

970

970

Share premium

71,986

71,986

Retained earnings

1,737,977

1,776,901

Shareholders' funds

1,810,933

1,849,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

R H Thorpe - Director

1.	Statutory information

SPORTS LEISURE PROMOTIONS 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the relevant information including the annual budget, and, have considered the company's available resources and ability to continue to pay creditors as and when they fall due. In July 2020 the company also took out a CBIL Loan to aid working capital cashflow. The company will be able to continue to operate for the foreseeable future.

Based on these assessments, the increasing members coming back to the club, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make judgements, estimates and assumptions that affects the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There is judgement in considering revenue to be recognised in the period. Judgement was required in determining how much of the annual fee should be recognised.

Turnover

Turnover comprises the value of goods and services supplied by the company, exclusive of Value Added Tax. Membership subscription income is recognised evenly over the Membership period. Joining fees income is recognised when received. Fees for other services, including nursery fees are recognised as income for the period in which the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

1% on cost

Property improvements

-

1% on cost

Fixtures, plant and equipments

-

10% - 20% on a straight line basis

Sports and gym equipments

-

20% on cost

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks

Stock has been valued at cost and net reallisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

4.	Employees and directors

The average number of employees during the year was 50 (2024 - 62 ) .

5.	Tangible fixed assets

Fixtures,

Sports and

Land and

Property

plant and

gym

buildings

improvements

equipments

equipments

Totals

£

£

£

£

£

Cost

At 1 April 2024

250,000

2,172,150

1,782,409

554,568

4,759,127

Additions

-

16,669

58,206

78,285

153,160

At 31 March 2025

250,000

2,188,819

1,840,615

632,853

4,912,287

Depreciation

At 1 April 2024

50,360

424,370

1,690,514

528,591

2,693,835

Charge for year

1,625

22,008

51,704

26,207

101,544

Eliminated on disposal

-

343

-

-

343

At 31 March 2025

51,985

446,721

1,742,218

554,798

2,795,722

Net book value

At 31 March 2025

198,015

1,742,098

98,397

78,055

2,116,565

At 31 March 2024

199,640

1,747,780

91,895

25,977

2,065,292

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Prepayments

43,862

42,251

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts (see note 9)

76,660

76,660

Trade creditors

86,513

35,357

Corporation tax

16,528

22,736

Social security and other taxes

39,289

3,421

Other creditors

60,356

54,898

Accruals and deferred income

235,589

217,091

514,935

410,163

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans (see note 9)

70,840

160,840

9.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

76,660

76,660

Amounts falling due between two and five years:

Bank loans - 2-5 years

70,840

160,840

Other loans comprise the net balance of advances from and repayments to directors to fund club improvements during the year.

10.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

660

660

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

147,500

237,500

Bank loans are secured by way of an unlimited debenture and first legal charge over the freehold land and buildings owned by the company.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

970

Ordinary

£1

970

970

13.	Ultimate controlling party

There is no ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SPORTS LEISURE PROMOTIONS LIMITED for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of SPORTS LEISURE PROMOTIONS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SPORTS LEISURE PROMOTIONS LIMITED and state those matters that we have agreed to state to the Board of Directors of SPORTS LEISURE PROMOTIONS LIMITED, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SPORTS LEISURE PROMOTIONS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SPORTS LEISURE PROMOTIONS LIMITED. You consider that SPORTS LEISURE PROMOTIONS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SPORTS LEISURE PROMOTIONS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

17 December 2025