Knighton Leisure (Nottingham) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06872054

Knighton Leisure (Nottingham) Limited

Filleted Unaudited Financial Statements

30 April 2025

Knighton Leisure (Nottingham) Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	6	6,180	6,180
Tangible assets	7	1,549,116	1,663,199
		------------	------------
		1,555,296	1,669,379

Current assets

Stocks		5,670	5,670
Debtors	8	1,020,531	1,181,994
Cash at bank and in hand		179,562	190,702
		------------	------------
		1,205,763	1,378,366

Creditors: amounts falling due within one year	9	417,383		565,604
		------------		------------
Net current assets			788,380	812,762
			------------	------------
Total assets less current liabilities			2,343,676	2,482,141

Creditors: amounts falling due after more than one year	10		115,586	297,801

Provisions

Taxation including deferred tax	244,029	238,549
	------------	------------
Net assets	1,984,061	1,945,791
	------------	------------

Knighton Leisure (Nottingham) Limited

Statement of Financial Position (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	12	100	100
Profit and loss account	13	1,983,961	1,945,691
		------------	------------
Shareholders funds		1,984,061	1,945,791
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr Barry Hobson

Director

Company registration number: 06872054

Knighton Leisure (Nottingham) Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Lost City Adventure Golf, The Corner House, Burton Street, Nottingham, England, NG1 4DB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are stated at historic cost less accumulated depreciation. The cost of tangible assets is their purchase cost, together with any incidental costs of acquisition.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Capital Course Build	-	6% straight line
Fixtures and Fittings	-	33% straight line
Equipment	-	33 % straight line

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 36 (2024: 36 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	28,274	70,384

Deferred tax:

Origination and reversal of timing differences	5,480	–
	--------	--------
Tax on profit	33,754	70,384
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	72,024	201,260
	--------	---------
Profit on ordinary activities by rate of tax	18,006	50,315
Effect of expenses not deductible for tax purposes	10,060	19,791
Utilisation of tax losses	208	278
Deferred tax movement	5,480	–
	--------	---------
Tax on profit	33,754	70,384
	--------	---------

6. Intangible assets

	Development costs
	£
Cost
At 1 May 2024 and 30 April 2025	6,180
	-------
Amortisation
At 1 May 2024 and 30 April 2025	–
	-------
Carrying amount
At 30 April 2025	6,180
	-------
At 30 April 2024	6,180
	-------

7. Tangible assets

	Course Capital Build	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 May 2024	3,024,428	245,616	77,310	3,347,354
Additions	59,302	45,624	21,982	126,908
	------------	---------	--------	------------
At 30 April 2025	3,083,730	291,240	99,292	3,474,262
	------------	---------	--------	------------
Depreciation
At 1 May 2024	1,462,105	153,499	68,551	1,684,155
Charge for the year	206,025	28,919	6,047	240,991
	------------	---------	--------	------------
At 30 April 2025	1,668,130	182,418	74,598	1,925,146
	------------	---------	--------	------------
Carrying amount
At 30 April 2025	1,415,600	108,822	24,694	1,549,116
	------------	---------	--------	------------
At 30 April 2024	1,562,323	92,117	8,759	1,663,199
	------------	---------	--------	------------

8. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,010,738	1,152,679
Other debtors	9,793	29,315
	------------	------------
	1,020,531	1,181,994
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	153,330	139,270
Trade creditors	53,468	34,389
Corporation tax	64,584	81,310
Social security and other taxes	36,716	58,374
Other creditors	109,285	252,261
	---------	---------
	417,383	565,604
	---------	---------

Bank loans are secured by a fixed and floating charge over company assets and personal guarantees by the directors.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	115,586	297,801
	---------	---------

Bank loans are secured by a fixed and floating charge over company assets and personal guarantees by the directors.

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	244,029	238,549
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	244,029	238,549
	---------	---------

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

13. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

14. Directors' advances, credits and guarantees

15. Controlling party

The company is a private company, limited by shares. It is registered in England ( 06872054 ) with its registered office at The Lost City Adventure Golf, The Corner House, Burton Street, Nottingham, England, NG1 4DB.