REGISTERED NUMBER: 15143438 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LET LOOSE YORKSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss. L. A. Emanuel

Rev. J. Cooper

Mrs. S. J. McKinlay

REGISTERED OFFICE:

Revive Church

Kingswood House Ashcombe Road

Kingswood Retail Park

Hull

HU7 3DD

REGISTERED NUMBER:

15143438 (England and Wales)

ACCOUNTANTS:

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

Virgin Money

The Team at Virgin Money

Sunderland

SR43 4JB

FIXED ASSETS

Tangible assets

4

687,217

573,104

CURRENT ASSETS

Stocks

5

1,500

1,500

Debtors

6

22,476

20,387

Cash at bank and in hand

9,952

5,247

33,928

27,134

CREDITORS

Amounts falling due within one year

7

959,615

651,780

NET CURRENT LIABILITIES

(925,687

)

(624,646

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(238,470

)

(51,542

)

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

1

1

Profit and loss account

(238,471

)

(51,543

)

(238,470

)

(51,542

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mrs. S. J. McKinlay - Director

1.	STATUTORY INFORMATION

Let Loose Yorkshire 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Property and Activity equipment

-

5% Straight Line

Improvements to property

-

5% Straight Line

Fixtures, fittings & equipment

-

20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 not included on the basis the Company has an obligation to donate any taxable profits to Revive Church.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Property

and

Improvements

Fixtures,

Activity

to

fittings

equipment

property

& equipment

Totals

£

£

£

£

COST

At 1 April 2024

434,891

127,754

21,070

583,715

Additions

25,302

122,622

4,827

152,751

At 31 March 2025

460,193

250,376

25,897

736,466

DEPRECIATION

At 1 April 2024

8,912

29

1,670

10,611

Charge for year

22,271

11,813

4,554

38,638

At 31 March 2025

31,183

11,842

6,224

49,249

NET BOOK VALUE

At 31 March 2025

429,010

238,534

19,673

687,217

At 31 March 2024

425,979

127,725

19,400

573,104

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

1,500

1,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,620

-

Other debtors

17,856

20,387

22,476

20,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

64,149

-

Taxation and social security

11,190

-

Other creditors

884,276

651,780

959,615

651,780

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

129,438

20,808

9.	RELATED PARTY DISCLOSURES

Let Loose Yorkshire Limited is the wholly owned subsidiary of Revive Church.

The total amount due from Let Loose Yorkshire Limited to Revive Church at 31st March 2025 was £874,048 (2024 - £534,075).

Miss. L. Emanuel, a director or Let Loose Yorkshire Limited, received remuneration as a salary for the year ended 31st March 2025 of £2,533.

Mrs. V. Cooper, spouse of director Rev. J. Cooper, received payment for website and graphics development of £2,083 during the year ended 31st March 2025..

10.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with its parent, Revive Church.

11.	GOING CONCERN

The first year of operation of the Let Loose park resulted in an operating loss, primarily due to one-off refurbishment costs, delays to reopening, reduced school usage during installation works, adverse summer weather impacting public attendance, and the non-operation of the coffee shop during the year. The resulting shortfall after exceptional items of approximately £70,000 was funded by a loan and additional investment from Revive.

Management has implemented measures to improve future financial performance and reduce risk. No further refurbishment expenditure is planned. The operating model has been revised to focus on pre-booked school and club events, site and room hire, and special events, which are less weather-dependent and generate more predictable margins. General public opening days, which carry higher staffing risk, will be limited. Staffing arrangements have also been amended, with specialist staff now contract-hired rather than employed directly.

The coffee shop has commenced a phased reopening with a lower-risk, cash-generative operating model. A small loss is forecast for the current financial year, which will be supported by a loan from Revive Church, and it is expected to generate a modest profit in the subsequent year.

Based on these actions and the ongoing financial support available, the Trustees consider it appropriate to prepare the accounts on a going concern basis.