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Company Registration No. 08046111 (England and Wales)
Jolo Leisure Limited Unaudited accounts for the year ended 30 September 2025
Jolo Leisure Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Jolo Leisure Limited Company Information for the year ended 30 September 2025
Directors
Mr L Lattuca Mr J-P Lee
Company Number
08046111 (England and Wales)
Registered Office
Unit 1 451 Southbury Road Enfield London EN3 4HR
Accountants
Platts Unit 5 Swaker Yard 2b Theobald Street Herts WD6 4SE
- 3 -
Jolo Leisure Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
38,311
39,170
Current assets
Inventories
6
2,500
2,500
Debtors
7
21,688
23,342
Cash at bank and in hand
5,601
2,251
29,789
28,093
Creditors: amounts falling due within one year
8
(234,856)
(257,067)
Net current liabilities
(205,067)
(228,974)
Total assets less current liabilities
(166,756)
(189,804)
Creditors: amounts falling due after more than one year
9
-
(9,600)
Net liabilities
(166,756)
(199,404)
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
(166,856)
(199,504)
Shareholders' funds
(166,756)
(199,404)
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2026 and were signed on its behalf by
Mr J-P Lee Director Company Registration No. 08046111
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Jolo Leisure Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Jolo Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 08046111. The registered office is Unit 1, 451 Southbury Road, Enfield, London, EN3 4HR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors are of the opinion that the future trading performance of the company will be sufficient to preserve the continued applicability of the company’s going concern status, to pay its debts as they fall due. The directors are also of the opinion that the significant net liability position, caused by the exceptional write off of an inter company loan debtor, will subsequently improve from the company’s continued trading profits.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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Jolo Leisure Limited Notes to the Accounts for the year ended 30 September 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
£
Cost
At 1 October 2024
19,500
At 30 September 2025
19,500
Amortisation
At 1 October 2024
19,500
At 30 September 2025
19,500
Net book value
At 30 September 2025
-
The Franchise Fee is being written off in equal annual installments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2024
32,362
186,667
219,029
Additions
5,901
-
5,901
At 30 September 2025
38,263
186,667
224,930
Depreciation
At 1 October 2024
24,607
155,252
179,859
Charge for the year
2,049
4,711
6,760
At 30 September 2025
26,656
159,963
186,619
Net book value
At 30 September 2025
11,607
26,704
38,311
At 30 September 2024
7,755
31,415
39,170
6
Inventories
2025
2024
£
£
Finished goods
2,500
2,500
2,500
2,500
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Jolo Leisure Limited Notes to the Accounts for the year ended 30 September 2025
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
11,753
13,407
Other debtors
9,935
9,935
21,688
23,342
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
13,617
30,369
VAT
27,176
26,126
Trade creditors
-
3,809
Taxes and social security
725
1,358
Other creditors
7,409
4,976
Loans from directors
185,929
190,429
234,856
257,067
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
9,600
The Bank Loans amounting to £13,617 (2024 - £39,969) are secured by a Debenture, including a Fixed Equitable Charge over all future freehold and leasehold property; First Fixed Charge, among other things, books and other debts, chattels and goodwill and uncalled capital, both present and future; and a First Floating Charge over all assets and undertaking both present and future to be given by Jolo Leisure Limited. In addition, personal guarantees have been provided by the director of the Company.
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Operating lease commitments
2025
2024
£
£
At 30 September 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
39,500
39,500
Later than one year and not later than five years
129,968
158,000
Later than five years
-
11,468
169,468
208,968
12
Average number of employees
During the year the average number of employees was 4 (2024: 5).
- 7 -