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Registration number: 14227405

Leisure 42 Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Leisure 42 Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Leisure 42 Limited

Company Information

Director | Mrs Dayna Netherton-Sinclair

Registered office | 1 Market Hill Calne Wiltshire SN11 0BT

Accountants | RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Leisure 42 Limited

(Registration number: 14227405)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 539,698 | 528,217
Current assets |  |  |
Debtors | 5 | 179 | 1,965
Cash at bank and in hand |  | 13,903 | 5,933
|  | 14,082 | 7,898
Creditors: Amounts falling due within one year | 6 | (1,367) | (1,246)
Net current assets |  | 12,715 | 6,652
Total assets less current liabilities |  | 552,413 | 534,869
Creditors: Amounts falling due after more than one year | 6 | (572,540) | (584,217)
Provisions for liabilities |  | (7,334) | (2,391)
Net liabilities |  | (27,461) | (51,739)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Revaluation reserve |  | 31,267 | 10,193
Retained earnings |  | (59,728) | (62,932)
Shareholders' deficit |  | (27,461) | (51,739)

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 April 2026

......................................... Mrs Dayna Netherton-Sinclair Director

Leisure 42 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 10 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture | 25% Straight Line
Office Equipment | 25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leisure 42 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Leisure 42 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 500,000 | 45,954 | 545,954
Revaluations | 41,404 | - | 41,404
Additions | - | 23,683 | 23,683
Disposals | (36,404) | (12,082) | (48,486)
At 31 July 2025 | 505,000 | 57,555 | 562,555
Depreciation
At 1 August 2024 | - | 17,737 | 17,737
Charge for the year | - | 8,140 | 8,140
Eliminated on disposal | - | (3,020) | (3,020)
At 31 July 2025 | - | 22,857 | 22,857
Carrying amount
At 31 July 2025 | 505,000 | 34,698 | 539,698
At 31 July 2024 | 500,000 | 28,217 | 528,217

Included within the net book value of land and buildings above is £505,000 (2024 - £500,000) in respect of freehold land and buildings.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 179 | 163
Other debtors | - | 1,802
| 179 | 1,965

Leisure 42 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 152 | 31
Accruals and deferred income | 1,215 | 1,215
| 1,367 | 1,246

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 572,540 | 584,217

7 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 21,074 | 21,074

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 78,821 | 80,256
Other borrowings | 493,719 | 503,961
| 572,540 | 584,217