Registration number: 01772934

Errolbrook Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

Errolbrook Limited

Company Information

Directors

Mr M E Jepp Mr P K W Moir Mr G R Bennett Mr W Steenland

Registered office

4 Cavendish Square London W1G 0PG

Auditors

Crossley & Davis Chartered Accountants Ground Floor, Seneca House Links Point, Amy Johnson Way Blackpool Lancashire FY4 2FF

Errolbrook Limited

(Registration number: 01772934)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	150,530	87,623
Current assets
Stocks	7	-	736
Debtors	8	2,284,447	2,271,900
Cash at bank and in hand		64,450	64,450
		2,348,897	2,337,086
Creditors: Amounts falling due within one year	9	(1,551,669)	(1,177,618)
Net current assets		797,228	1,159,468
Total assets less current liabilities		947,758	1,247,091
Provisions for liabilities		(24,040)	(6,710)
Net assets		923,718	1,240,381
Capital and reserves
Called up share capital	10	1,500,100	1,500,100
Retained earnings		(576,382)	(259,719)
Shareholders' funds		923,718	1,240,381

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

......................................... Mr G R Bennett Director

Errolbrook Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Cavendish Square
London
W1G 0PG
England

These financial statements were authorised for issue by the Board on 30 December 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

The entity is included within the wider group’s financing arrangement and is supported by the ultimate controlling party.

Errolbrook Limited

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

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 30 December 2025 was Mr P Swarbrick, who signed for and on behalf of Crossley & Davis Chartered Accountants.

Revenue recognition

Turnover comprises the fair value of gaming and arcade takings net of any prizes paid out.

Machines used by the entity fall into two separate categories; those where the takings are subject to VAT and those where the takings are subject to Machine Games Duty.

Where the machine takings are subject to VAT the turnover is shown in the profit and loss account exclusive of VAT.

Where the machine takings are subject to Machine Games Duty the turnover is shown in the profit and loss account gross with the Machine Games Duty recorded separately as an expense.

The entity 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 entity's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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. The policy is to capitalise all refurbishment costs.

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
Leasehold property	15 year straight line
Furniture and fittings	20% straight line

Errolbrook Limited

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Positive goodwill	Over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods is made up of prizes. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Errolbrook Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 1).

4	Auditors' liability limitation

	2025 £	2024 £
Audit of the financial statements	1,861	3,489

 

The company entered into a liability limitation agreement with the auditor on 17 February 2022. The liability of the auditor in respect of any claim or claims made by the company is limited to £4,000,000 inclusive of interest and costs.

Errolbrook Limited

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

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	1,400,000	1,400,000
At 31 March 2025	1,400,000	1,400,000
Amortisation
At 1 April 2024	1,400,000	1,400,000
At 31 March 2025	1,400,000	1,400,000
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	-	-

6	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	335,439	278,480	-	613,919
Additions	10,595	19,745	62,744	93,084
At 31 March 2025	346,034	298,225	62,744	707,003
Depreciation
At 1 April 2024	257,596	268,700	-	526,296
Charge for the year	19,081	5,087	6,009	30,177
At 31 March 2025	276,677	273,787	6,009	556,473
Carrying amount
At 31 March 2025	69,357	24,438	56,735	150,530
At 31 March 2024	77,843	9,780	-	87,623

Included within the net book value of land and buildings above is £69,357 (2024 - £77,842) in respect of short leasehold land and buildings.
 

Errolbrook Limited

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

7

Stocks

	2025 £	2024 £
Other inventories	-	736

8

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,137	334
Amounts owed by related parties		2,152,039	2,165,489
Prepayments		92,990	105,188
Other debtors		38,281	889
		2,284,447	2,271,900

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		9,494	4,604
Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,522,233	1,126,035
Taxation and social security		1	-
Accruals and deferred income		19,941	46,979
		1,551,669	1,177,618

NHTV Cherry Holdings LLC has debentures with CGL Gaming PLC for which Errolbrook Limited is an additional chargor. The charge is secured by way of fixed and floating charges over all of the property and undertakings of the company and group entities.

National Westminster Bank PLC has debentures with City Gaming Limited for which Errolbrook Limited is an additional chargor. The charge is secured by way of fixed and floating charges over all of the property and undertakings of the company and group entities.
 

Errolbrook Limited

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

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,500,100	1,500,100	1,500,100	1,500,100

11	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £948,685 (2024 - £1,218,082). The commitment is to future lease payments which are secured over the property lease.

12	Parent and ultimate parent undertaking

The parent of the smallest group in which these financial statements are consolidated is Family Leisure Holdings Limited, incorporated in England and Wales.

The address of Family Leisure Holdings Limited is:
4 Cavendish Square
London
W1G 0PG

 The company's immediate parent is Family Leisure Holdings Limited, incorporated in England and Wales.