Company No: 08935863 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	10,102		10,102
		10,102		10,102
Current assets
Debtors	4	45,461		47,003
Cash at bank and in hand		140		102
		45,601		47,105
Creditors: amounts falling due within one year	5	( 54,038)		( 55,542)
Net current liabilities		(8,437)		(8,437)
Total assets less current liabilities		1,665		1,665
Net assets		1,665		1,665
Capital and reserves
Called-up share capital		110		110
Profit and loss account		1,555		1,555
Total shareholder's funds		1,665		1,665

For the financial year ending 31 March 2025 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 Income Statement has not been delivered.

The financial statements of Leisure Asset Development Ltd (registered number: 08935863) were approved and authorised for issue by the Director. They were signed on its behalf by:

H D Watt Director

23 December 2025

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

Leisure Asset Development Ltd (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 Oak Farm, The Street, Fundenhall, Norwich, NR16 1DS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources and support to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the 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 ordinary shares.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	10,102
At 31 March 2025	10,102
Carrying value at 31 March 2025	10,102
Carrying value at 31 March 2024	10,102

4. Debtors

	2025		2024
	£		£
Amounts owed by own subsidiaries	15,355		15,277
Amounts owed by associates	20,106		21,726
Other debtors	10,000		10,000
	45,461		47,003

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to director	53,573		53,573
Accruals	0		1,504
Taxation and social security	465		465
	54,038		55,542

6. Related party transactions

At the year end the company owed the director £53,573 (2024 - £53,573) which is interest free and repayable on demand.

At the year end a subsidiary of the company owed the company £15,355 (2024 - £15,277).

At the year end a related party company owed the company £20,106 (2024 - £21,726).