Company No: 13213973 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	34,000		58,000
Tangible assets	4	2,108,247		2,286,918
		2,142,247		2,344,918
Current assets
Stocks	5	120,779		103,000
Debtors	6	15,359		191,856
Cash at bank and in hand		156,135		18,760
		292,273		313,616
Creditors: amounts falling due within one year	7	( 2,715,229)		( 2,879,608)
Net current liabilities		(2,422,956)		(2,565,992)
Total assets less current liabilities		(280,709)		(221,074)
Net liabilities		( 280,709)		( 221,074)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 280,809 )		( 221,174 )
Total shareholder's deficit		( 280,709)		( 221,074)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of A Keen Leisure Limited (registered number: 13213973) were approved and authorised for issue by the Director on 23 December 2025. They were signed on its behalf by:

A L Keen Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A Keen Leisure Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company is supported through loans from related company and the director has received assurances that these facilities will continue to be available for at least twelve months from the date of signing these financial statements and the related company will continue to support the company. Therefore these accounts have been prepared on the going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	0 - 50 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	25 % reducing balance
Other property, plant and equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	120,000		120,000
At 31 December 2024	120,000		120,000
Accumulated amortisation
At 01 January 2024	62,000		62,000
Charge for the financial year	24,000		24,000
At 31 December 2024	86,000		86,000
Net book value
At 31 December 2024	34,000		34,000
At 31 December 2023	58,000		58,000

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 January 2024	1,721,700		29,682		24,978		21,693		4,963		680,101		2,483,117
Additions	8,526		2,379		0		3,079		6,741		37,258		57,983
Disposals	0		0		0		0		0		( 113,293)		( 113,293)
At 31 December 2024	1,730,226		32,061		24,978		24,772		11,704		604,066		2,427,807
Accumulated depreciation
At 01 January 2024	28,758		7,678		7,963		6,803		1,479		143,518		196,199
Charge for the financial year	69,095		3,400		4,254		2,331		2,020		67,758		148,858
Disposals	0		0		0		0		0		( 25,497)		( 25,497)
At 31 December 2024	97,853		11,078		12,217		9,134		3,499		185,779		319,560
Net book value
At 31 December 2024	1,632,373		20,983		12,761		15,638		8,205		418,287		2,108,247
At 31 December 2023	1,692,942		22,004		17,015		14,890		3,484		536,583		2,286,918

5. Stocks

	2024		2023
	£		£
Stocks	120,779		103,000

6. Debtors

	2024		2023
	£		£
Trade debtors	2,247		159,903
Other debtors	13,112		31,953
	15,359		191,856

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	33,388		125,846
Amounts owed to Group undertakings	2,673,405		2,554,317
Accruals	7,900		4,000
Other taxation and social security	( 3,895)		3,109
Other creditors	4,431		192,336
	2,715,229		2,879,608

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
95 Ordinary A shares of £ 1.00 each	95		95
5 Ordinary B shares of £ 1.00 each	5		5
	100		100

9. Related party transactions

Other related party transactions

	2024		2023
	£		£
A R & A L Keen Limited	(2,450,406)		2,267,144

The above balance relates to an interest free loan advanced by the above company that is under common control.