Plymouth Active Leisure Limited

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

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Ballard House
West Hoe Road
Plymouth
Devon
PL1 3BJ

Principal activity

The principal activity of the company is that of the operation of sports facilities and activities of sports clubs.

The principal place of business is:
40 Mayflower Drive
Plymouth
Devon
PL2 3DG
United Kingdom

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Plymouth Active Leisure Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Going concern

In preparing and approving these financial statements the board have given due consideration to going concern risks. The company continues to be supported financially by its parent, Plymouth City Council, via an intercompany loan and management fees, and the parent company has committed to continue this support for the foreseeable future. There is a letter of support from Plymouth City Council and the company is dependent upon this support. After due consideration of these factors, the Directors are satisfied that the company will be able to operate within the available facilities and continue as a going concern for the foreseeable future- being a period no less than 12 months from the date of approval of these financial statements.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 22 December 2025 was Adam Croney ACA, who signed for and on behalf of Westcotts (SW) LLP.

.........................................

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect 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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.
For monthly memberships, income is recognised in the month in which the Direct Debit is received. For annual memberships, the income is spread straight line over the annual term of the contract.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Plymouth Active Leisure Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

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
Fixture and fittings	3-8 years straight line
Plant and machinery	2-5 years straight line

Plymouth Active Leisure Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price; the impairment loss is recognised immediately in profit or loss.

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.

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 304 (2024 - 326).

Plymouth Active Leisure Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	231,988	42,687	274,675
Additions	125,173	8,607	133,780
At 31 March 2025	357,161	51,294	408,455
Depreciation
At 1 April 2024	40,525	11,514	52,039
Charge for the year	52,309	12,245	64,554
At 31 March 2025	92,834	23,759	116,593
Carrying amount
At 31 March 2025	264,327	27,535	291,862
At 31 March 2024	191,463	31,173	222,636

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	29,438	34,530

6

Debtors

	2025 £	2024 £
Trade debtors	91,038	99,088
Amounts owed by related parties	10,591	51,295
Other debtors	47,245	15,669
Prepayments and accrued income	133,428	6,713
	282,302	172,765

Plymouth Active Leisure Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	12,381	38,261
Amounts owed to group undertakings	1,712,709	888,390
Taxation and social security	120,576	171,396
Accruals and deferred income	388,442	810,340
Other creditors	16,543	35,124
	2,250,651	1,943,511

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Amounts owed to group undertakings	929,983	-

Not included in Creditors was £458,979 which was received from Plymouth City Council on 1 April 2025 to support funding of new gym equipment, the agreement in connection with this was formally signed on 2 September 2025 and has repayment terms of £78,495 annually over 7 years.

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Plymouth Active Leisure Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	17,040	21,840
Later than one year and not later than five years	66,740	43,680
	83,780	65,520

10	Parent and ultimate parent undertaking

The ultimate controlling party is Plymouth City Council.