REGISTERED NUMBER: 11774094 (England and Wales)

THE INNVEST LEISURE GROUP LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Codona

G J Codona

REGISTERED OFFICE:

Suite 3

2nd Floor Shakespeare House

18 Shakespeare Street

Newcastle Upon Tyne

Northumberland

NE1 6AQ

REGISTERED NUMBER:

11774094 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

82,287

-

Investments

5

500

500

82,787

500

CURRENT ASSETS

Debtors

6

294,733

55,850

Cash at bank

25,873

12,380

320,606

68,230

CREDITORS

Amounts falling due within one year

7

400,192

163,414

NET CURRENT LIABILITIES

(79,586

)

(95,184

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,201

(94,684

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,101

(94,784

)

3,201

(94,684

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:

J D Codona - Director

1.	STATUTORY INFORMATION

The Innvest Leisure Group 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

83,257

At 30 April 2025

83,257

DEPRECIATION

Charge for year

970

At 30 April 2025

970

NET BOOK VALUE

At 30 April 2025

82,287

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

500

NET BOOK VALUE

At 30 April 2025

500

At 30 April 2024

500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

104,941

55,750

Other debtors

189,792

100

294,733

55,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

113,037

139,108

Trade creditors

98,370

24,412

Taxation and social security

(11,701

)

(106

)

Other creditors

200,486

-

400,192

163,414

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

J D Codona

Balance outstanding at start of year

-

-

Amounts advanced

80,638

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,638

-

G J Codona

Balance outstanding at start of year

-

-

Amounts advanced

70,372

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,372

-

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the following balances were owed by related parties:

Kobit-A Limited owes £174,185 (2024 - £103,159)

Kobit-B Limited is owed £954,132 (2024 - 79,827)

Kobit-C Limited owes £297,995 (2024 - £10,425)

Kobit-D Limited is owed £104,940 (2024 - £NIL)

Kobit-E Limited is owed £23,121 (2024 - £NIL)

Kobit-F Limited owes £20,178 (2024 - £NIL)

Kobit-G Limited is owed £17,808 (2024 - £NIL)

Kobit Group N owes £268,000 (2024 - £NIL)

Kobit Group M owes £43,000 (2024 - £NIL)

Kobit Group Y owes £39,000 (2024 - £NIL)

Innvest Leisure (Sheff Bo) owes £100,000 (2024 - 21,993)