REGISTERED NUMBER: 03967460 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 31 January 2025

for

G and A Leisure Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

16

DIRECTORS:

T G Evans

Mrs A L Corbett-Evans

W C Evans

REGISTERED OFFICE:

Bettws Hall

Bettws Cedewain

Newtown

Powys

SY16 3DS

REGISTERED NUMBER:

03967460 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

BANKERS:

Lloyds Bank Plc

28 Regent Street

Wrexham

LL11 1SE

The directors present their strategic report for the year ended 31 January 2025.

REVIEW OF BUSINESS

The directors are satisfied with the results for the period and the year end balance sheet position. The company returned results in line with management expectations.

Turnover for the year was £15,351,672 (2024: £12,938,150) and gross profit was £8,235,045 (2024:£6,871,280).

Profit on ordinary activity before taxation of the company £2,193,495 (2024: £1,507,561).

During the year the company spent £1,705,561 on capital expenditure. The company's cash position at the year end was £1,526,892 (2024: £982,877).

Over the last year, the Company has invested significantly in various areas of the business to enhance its operations and improve overall efficiency. These investments encompass the following areas:

Infrastructure and Technology: Investment in upgrading and expanding our infrastructure has continued. We have invested in state-of-the-art machinery, technologies, and equipment, enabling us to enhance operational efficiency, maintain product quality and reduce our operating cost.

Despite the cost-of-living squeeze, we have consistently prioritized responsible financial management to ensure sufficient investment in critical areas of the business.

Sustainable Operations: we have continued to invest in sustainable practices, implementing energy-efficient measures, waste reduction and responsible UK sourcing.

Maintaining a robust capital position has been a central pillar of our financial strategy, during recent economic uncertainty, we have focused on strengthening our financial resilience maintaining a healthy Balance Sheet.

Overall the company's significant investments over the past year have positioned us with a robust capital position, allowing us to navigate the challenges of the cost-of-living squeeze effectively. We remain committed to prudent financial management while strategically investing in areas that will drive future growth and sustainability. By maintaining our focus on innovation, customer satisfaction, and financial strength, we are confident in our ability to achieve long-term success even in a challenging economic environment.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the company's strategy are subject to a number of risks.

The issue around Avian Flu and its ongoing threat is acknowledged as a risk to the entity, and its effect on the welfare of livestock and possible supply chain disruption, and these are focused issues for management on a regular basis. Monthly reviews and meetings at both board and operational management levels are held and actioned. The directors are confident of the necessary strategy to control and react to such issues.

The company continues to be financially well positioned to deal with any such further restrictions, and takes great confidence from the support received from both employees and clients.

The Directors continue to monitor the performances of each of its commercial activities and are confident that sufficient internal controls are in place to react to any changes.

The company's principal financial instruments comprise of bank balances, bank overdraft facilities, trade creditors, trade debtors and lease agreements. The main purpose of these instruments is to raise finance for working capital for the company's operations.

ON BEHALF OF THE BOARD:

Mrs A L Corbett-Evans - Director

9 January 2026

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of breeding and rearing of birds for sale and shooting and provision of accommodation, and farming.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2025.

FUTURE DEVELOPMENTS

The company is continuing to develop new opportunities to maintain and improve market segment.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

T G Evans

Mrs A L Corbett-Evans

W C Evans

Other changes in directors holding office are as follows:

Mrs E A Evans Dec'd - deceased 6 August 2024

FINANCIAL INSTRUMENTS

Liquidity Risk:

The company manages its cash and borrowing requirements in order to maximise interest income and minimise cost, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Credit Risk:

Investment of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfil credit rating criteria approved by the board.

All customers who trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, D.R.E. & Co. (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs A L Corbett-Evans - Director

9 January 2026

Opinion

We have audited the financial statements of G and A Leisure Limited (the 'company') for the year ended 31 January 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the client's operating sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances es of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to their knowledge of actual, suspected and alleged fraud; and

- reviewing the client's system notes and internal controls.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias;

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's shareholders those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's shareholders as a body, for our audit work, for this report, or for the opinions we have formed.

Aled Davies FCCA (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

9 January 2026

TURNOVER

15,351,672

12,938,150

Cost of sales

7,116,627

6,066,870

GROSS PROFIT

8,235,045

6,871,280

Administrative expenses

6,101,772

5,319,580

2,133,273

1,551,700

Other operating income

213,058

172,134

OPERATING PROFIT

5

2,346,331

1,723,834

Interest receivable and similar income

36,175

-

2,382,506

1,723,834

Interest payable and similar expenses

6

189,011

216,273

PROFIT BEFORE TAXATION

2,193,495

1,507,561

Tax on profit

7

633,651

272,182

PROFIT FOR THE FINANCIAL YEAR

1,559,844

1,235,379

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,559,844

1,235,379

FIXED ASSETS

Tangible assets

9

18,724,549

17,650,078

Investments

10

6,000

6,000

18,730,549

17,656,078

CURRENT ASSETS

Stocks

11

1,672,521

1,568,581

Debtors

12

337,178

396,518

Cash at bank and in hand

1,526,892

982,877

3,536,591

2,947,976

CREDITORS

Amounts falling due within one year

13

1,987,055

1,914,016

NET CURRENT ASSETS

1,549,536

1,033,960

TOTAL ASSETS LESS CURRENT LIABILITIES

20,280,085

18,690,038

CREDITORS

Amounts falling due after more than one year

14

(2,515,273

)

(2,677,000

)

PROVISIONS FOR LIABILITIES

18

(628,661

)

(436,731

)

NET ASSETS

17,136,151

15,576,307

CAPITAL AND RESERVES

Called up share capital

19

100

100

Retained earnings

20

17,136,051

15,576,207

SHAREHOLDERS' FUNDS

17,136,151

15,576,307

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

Mrs A L Corbett-Evans - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2023

100

14,342,828

14,342,928

Changes in equity

Dividends

-

(2,000

)

(2,000

)

Total comprehensive income

-

1,235,379

1,235,379

Balance at 31 January 2024

100

15,576,207

15,576,307

Changes in equity

Total comprehensive income

-

1,559,844

1,559,844

Balance at 31 January 2025

100

17,136,051

17,136,151

Cash flows from operating activities

Cash generated from operations

1

3,302,751

1,444,131

Interest paid

(189,011

)

(216,273

)

Tax paid

(674,825

)

(129,376

)

Net cash from operating activities

2,438,915

1,098,482

Cash flows from investing activities

Purchase of tangible fixed assets

(1,487,811

)

(1,013,771

)

Sale of tangible fixed assets

106,125

134,799

Interest received

36,175

-

Net cash from investing activities

(1,345,511

)

(878,972

)

Cash flows from financing activities

Loan repayments in year

(307,873

)

(282,929

)

Capital repayments in year

(129,801

)

(39,986

)

Amount introduced by directors

-

73,811

Amount withdrawn by directors

(54,715

)

(70,644

)

Capitalisation of current asset

(57,000

)

-

Equity dividends paid

-

(2,000

)

Net cash from financing activities

(549,389

)

(321,748

)

Increase/(decrease) in cash and cash equivalents

544,015

(102,238

)

Cash and cash equivalents at beginning of year

2

982,877

1,085,115

Cash and cash equivalents at end of year

2

1,526,892

982,877

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.1.25

31.1.24

£

£

Profit before taxation

2,193,495

1,507,561

Depreciation charges

605,335

638,974

Profit on disposal of fixed assets

(23,370

)

(34,068

)

Finance costs

189,011

216,273

Finance income

(36,175

)

-

2,928,296

2,328,740

Increase in stocks

(103,940

)

(179,268

)

Decrease/(increase) in trade and other debtors

59,341

(177,322

)

Increase/(decrease) in trade and other creditors

419,054

(528,019

)

Cash generated from operations

3,302,751

1,444,131

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

1,526,892

982,877

Year ended 31 January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

982,877

1,085,115

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1.2.24

Cash flow

changes

At 31.1.25

£

£

£

£

Net cash

Cash at bank

and in hand

982,877

544,015

1,526,892

982,877

544,015

1,526,892

Debt

Finance leases

(59,277

)

129,801

-

(147,226

)

Debts falling due

within 1 year

(277,262

)

91,184

-

(186,078

)

Debts falling due

after 1 year

(2,651,878

)

216,688

-

(2,435,190

)

(2,988,417

)

437,673

-

(2,768,494

)

Total

(2,005,540

)

981,688

-

(1,241,602

)

1.	STATUTORY INFORMATION

G and A Leisure 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.

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The presentation currency of the financial statements is Pound Sterling (£), rounded to the nearest £1.

The financial statements are for the individual entity only.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

The company makes estimates of the recoverable value of trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Turnover

Turnover represents sales of goods recognised on a contractual basis excluding value added tax.

Revenue Recognition

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

at variable rates on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

The company follows a programme of regular refurbishment and maintenance of its properties, in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made.

Stocks

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

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs, and then subsequently measured at amortised cost. Financial assets classified as receivable within one year are not amortised. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the society transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the assets has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Financial liabilities are derecognised when the society's contractual obligations expire or are discharged or cancelled.

Taxation

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

Current or deferred 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

31.1.25

31.1.24

£

£

Wages and salaries

2,030,931

1,815,832

Social security costs

166,931

155,458

Other pension costs

37,954

60,742

2,235,816

2,032,032

The average number of employees during the year was as follows:

31.1.25

31.1.24

Direct Labour

72

80

Administration

6

5

78

85

31.1.25

31.1.24

£

£

Directors' remuneration

138,106

149,434

Directors' pension contributions to money purchase schemes

2,026

32,026

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

2

The company's key management personnel are considered to be the directors.