Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 11734 36 No description of principal activity 2024-05-01 false 39 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01748245 2024-05-01 2025-04-30 01748245 2023-05-01 2024-04-30 01748245 2025-04-30 01748245 2024-04-30 01748245 2023-05-01 01748245 c:Director1 2024-05-01 2025-04-30 01748245 c:Director3 2024-05-01 2025-04-30 01748245 c:RegisteredOffice 2024-05-01 2025-04-30 01748245 c:Agent1 2024-05-01 2025-04-30 01748245 d:Buildings 2024-05-01 2025-04-30 01748245 d:Buildings 2025-04-30 01748245 d:Buildings 2024-04-30 01748245 d:Buildings d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 01748245 d:Buildings d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 01748245 d:Buildings d:ShortLeaseholdAssets 2024-05-01 2025-04-30 01748245 d:Buildings d:ShortLeaseholdAssets 2025-04-30 01748245 d:Buildings d:ShortLeaseholdAssets 2024-04-30 01748245 d:MotorVehicles 2024-05-01 2025-04-30 01748245 d:MotorVehicles 2025-04-30 01748245 d:MotorVehicles 2024-04-30 01748245 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 01748245 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 01748245 d:FurnitureFittings 2024-05-01 2025-04-30 01748245 d:FurnitureFittings 2025-04-30 01748245 d:FurnitureFittings 2024-04-30 01748245 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 01748245 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 01748245 d:OfficeEquipment 2024-05-01 2025-04-30 01748245 d:OfficeEquipment 2025-04-30 01748245 d:OfficeEquipment 2024-04-30 01748245 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 01748245 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 01748245 d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 01748245 d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 01748245 d:FreeholdInvestmentProperty 2025-04-30 01748245 d:FreeholdInvestmentProperty 2024-04-30 01748245 d:CurrentFinancialInstruments 2025-04-30 01748245 d:CurrentFinancialInstruments 2024-04-30 01748245 d:Non-currentFinancialInstruments 2025-04-30 01748245 d:Non-currentFinancialInstruments 2024-04-30 01748245 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 01748245 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01748245 d:Non-currentFinancialInstruments d:AfterOneYear 2025-04-30 01748245 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 01748245 d:ShareCapital 2025-04-30 01748245 d:ShareCapital 2024-04-30 01748245 d:RevaluationReserve 2024-05-01 2025-04-30 01748245 d:RevaluationReserve 2025-04-30 01748245 d:RevaluationReserve 2024-04-30 01748245 d:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 01748245 d:RetainedEarningsAccumulatedLosses 2025-04-30 01748245 d:RetainedEarningsAccumulatedLosses 2024-04-30 01748245 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-04-30 01748245 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-04-30 01748245 c:FRS102 2024-05-01 2025-04-30 01748245 c:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 01748245 c:FullAccounts 2024-05-01 2025-04-30 01748245 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01748245 d:WithinOneYear 2025-04-30 01748245 d:WithinOneYear 2024-04-30 01748245 d:BetweenOneFiveYears 2025-04-30 01748245 d:BetweenOneFiveYears 2024-04-30 01748245 d:MoreThanFiveYears 2025-04-30 01748245 d:MoreThanFiveYears 2024-04-30 01748245 2 2024-05-01 2025-04-30 01748245 7 2024-05-01 2025-04-30 01748245 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 01748245 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 01748245 d:TaxLossesCarry-forwardsDeferredTax 2025-04-30 01748245 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 01748245 d:Buildings d:LeasedAssetsHeldAsLessee 2025-04-30 01748245 d:Buildings d:LeasedAssetsHeldAsLessee 2024-04-30 01748245 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2025-04-30 01748245 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 01748245 d:LeasedAssetsHeldAsLessee 2025-04-30 01748245 d:LeasedAssetsHeldAsLessee 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 01748245 WHITE LEISURE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 APRIL 2025
WHITE LEISURE LIMITED
COMPANY INFORMATION
Directors | S C White
| C White
Registered number | 01748245
Registered office | 18 Tulketh Street
| Southport
| PR8 1AQ
Accountants | Grant Thornton UK LLP
| Chartered Accountants
| Royal Liver Building
| Liverpool
| L3 1PS
Bankers | Santander UK PLC
| 250 Stanley Road
| Bootle
| Merseyside
| L20 3PQ
WHITE LEISURE LIMITED
CONTENTS
| Page
Accountants' Report | 1
Statement of Financial Position | 2 - 3
Notes to the Financial Statements | 4 - 13
Report to the directors on the preparation of the unaudited statutory financial statements of White Leisure Limited for the year ended 30 April 2025 We have compiled the accompanying financial statements of White Leisure Limited (the ‘company’) based on the information you have provided. These financial statements comprise the Statement of Financial Position of White Leisure Limited as at 30 April 2025, and a summary of significant accounting policies and other explanatory information. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'. We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with 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). As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice. This report is made solely to the Company's directors, as a body, in accordance with the terms of our engagement letter dated 4 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Company's directors, as a body, in this report in accordance with our engagement letter dated 4 July 2025. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body, for our work or for this report. Grant Thornton UK LLP Chartered Accountants Liverpool 19 December 2025 Page 1
WHITE LEISURE LIMITED REGISTERED NUMBER:01748245
STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,247,782 |  | 1,289,819
Investment property | 5 |  | 1,084,000 |  | 1,084,000
|  |  | 2,331,782 |  | 2,373,819
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,269,965 |  | 1,530,910 |
Cash at bank and in hand |  | 476,434 |  | 236,738 |
|  | 1,746,399 |  | 1,767,648 |
Creditors: amounts falling due within one year | 7 | (786,228) |  | (742,089) |
Net current assets |  |  | 960,171 |  | 1,025,559
Total assets less current liabilities |  |  | 3,291,953 |  | 3,399,378
Creditors: amounts falling due after more than one year | 8 |  | (102,758) |  | (187,725)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (177,053) |  | (177,302) |
Other provisions | 10 | (120,000) |  | (120,000) |
|  |  | (297,053) |  | (297,302)
Net assets |  |  | 2,892,142 |  | 2,914,351
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve | 11 |  | 26,628 |  | 18,247
Profit and loss account | 11 |  | 2,865,414 |  | 2,896,004
Total equity |  |  | 2,892,142 |  | 2,914,351
Page 2
WHITE LEISURE LIMITED REGISTERED NUMBER:01748245
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 APRIL 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
S C White
Director
Date: 17 December 2025
The notes on pages 4 to 13 form part of these financial statements. Page 3
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
White Leisure Limited is a private company limited by shares, incorporated in England and Wales. Its registered number is 01748245, and its registered head office is located at 18 Tulketh Street, Southport, PR8 1AQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The company’s functional and presentation currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised on arcade machine takings on a cash received basis.
| 2.3 | Leased assets: the company as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
| 2.4 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2.5% straight line excluding land element
|  |  |  | Short leasehold property improvements | - | Over remaining period of lease
|  |  |  | Motor vehicles | - | 25% straight line
|  |  |  | Fixtures & fittings | - | 25% reducing balance
|  |  |  | Gaming machines | - | 33%-100% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Investment property
Investment property is carried at fair value determined annually by external valuers and confirmed by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Provisions for dilapidations
A provision has been made for estimated liabilities for dilapidation of the related lease. The costs which relate to the repair and maintenance of equipment and properties that are used by the company, and for which the company has responsibility to maintain, or may be liable for dilapidation, are written off as they arise.
| 2.12 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of Financial Position date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Statement of Financial Position date. Page 6
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Page 7
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees during the year was 39 (2024: 36).
Page 8
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
4. | Tangible fixed assets
|  | Freehold property | S/Term Leasehold Property | Motor vehicles | Fixtures & fittings | Gaming machines | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 May 2024 | 1,417,340 | 289,807 | 18,819 | 343,268 | 1,535,726 | 3,604,960
| Additions | - | - | - | 8,502 | 141,127 | 149,629
| Disposals | - | - | - | (6,520) | - | (6,520)
| At 30 April 2025 | 1,417,340 | 289,807 | 18,819 | 345,250 | 1,676,853 | 3,748,069
| Depreciation |  |  |  |  |  |
| At 1 May 2024 | 541,027 | 268,681 | 18,819 | 254,414 | 1,232,200 | 2,315,141
| Charge for the year on owned assets | 28,508 | 11,734 | - | 24,210 | 82,464 | 146,916
| Charge for the year on financed assets | - | - | - | - | 44,740 | 44,740
| Disposals | - | - | - | (6,510) | - | (6,510)
| At 30 April 2025 | 569,535 | 280,415 | 18,819 | 272,114 | 1,359,404 | 2,500,287
| Net book value |  |  |  |  |  |
| At 30 April 2025 | 847,805 | 9,392 | - | 73,136 | 317,449 | 1,247,782
| At 30 April 2024 | 876,313 | 21,126 | - | 88,854 | 303,526 | 1,289,819
| The net book value of assets held under hire purchase is £173,686 (2024: £168,351).
| If the freehold property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 1,371,025 | 1,371,025
| Historic depreciation | (549,853) | (522,501)
| Net book value | 821,172 | 848,524
Page 9
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 May 2024 | 1,084,000
| At 30 April 2025 | 1,084,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| If the Investment property had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 1,089,738 | 1,089,738
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 24,164 | 123,269
| Amounts owed by related parties | 641,831 | 704,927
| Other debtors | 534,306 | 673,703
| Prepayments and accrued income | 69,664 | 29,011
|  | 1,269,965 | 1,530,910
Page 10
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdraft | 75,282 | 46,704
| Bank loans | 9,601 | 10,203
| Other loans | 43,872 | 53,578
| Obligations under finance lease and hire purchase contracts | 102,205 | 76,683
| Trade creditors | 105,361 | 72,189
| Corporation tax | 139,497 | 163,746
| Other taxation and social security | 175,951 | 175,097
| Other creditors | 14,437 | 14,343
| Accruals and deferred income | 120,022 | 129,546
|  | 786,228 | 742,089
| Directors' personal guarantees for £1,250,000 are in place to support the company's borrowing. The company has entered into an overdraft facility up to £225,000 which holds security against 46-48 Bridge Street, St Helens, WA10 1NW and 18 Tulketh Street, Southport, PR8 1AQ. Interest is charged at Base Rate + 2.25%. The hire purchase creditors are secured on the assets to which they relate.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,772 | 11,362
| Other loans | - | 43,872
| Obligations under finance leases and hire purchase contracts | 100,986 | 132,491
|  | 102,758 | 187,725
| Directors' personal guarantees for £1,250,000 are in place to support the company's borrowing. The hire purchase creditors are secured on the assets to which they relate.
Page 11
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (177,302) | (160,212)
| Charged to profit or loss | 249 | (17,090)
| At end of year | (177,053) | (177,302)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | (187,354) | (187,614)
| Short term timing differences | 10,301 | 10,312
|  | (177,053) | (177,302)
10. | Provisions
|  | Provisions for dilapidations
|  | £
| At 1 May 2024 | 120,000
| At 30 April 2025 | 120,000
| Provision for dilapidations Provision has been made for estimated liabilities for dilapidation of the related lease. The costs which relate to the repair and maintenance of equipment and properties that are used by the company, and for which the company has responsibility to maintain, or may be liable for dilapidation, are written off as they arise.
Page 12
WHITE LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
11. | Reserves
Revaluation reserve The revaluation reserve arose on the revaluation of freehold property. Profit & loss account The profit and loss account includes all current and prior year retained profits.
12. | Contingent liabilities
The company is party to a group finance covenant in respect of two bank loans within White Leisure Properties Limited, a related company by virtue of common ownership. As at 30 April 2025, the bank loans amounted to £600,346 (2024: £628,917).
13. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. At the year end there were outstanding pension contribution payments of £41,205 (2024: £41,248).
14. | Commitments under operating leases
| At the reporting date the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 176,632 | 368,908
| Later than 1 year and not later than 5 years | 490,333 | 553,732
| Later than 5 years | 53,125 | 163,958
|  | 720,090 | 1,086,598
15. | Related party transactions
| Related party transactions conducted under normal market conditions have not been disclosed in accordance with Section 1A of FRS 102.
Page 13