| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2025 |
| for |
| SUMMIT LEISURE (DEANSGATE) LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2025 |
| for |
| SUMMIT LEISURE (DEANSGATE) LIMITED |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SUMMIT LEISURE (DEANSGATE) LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 JULY 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Fairway House |
| Links Business Park |
| St Mellons |
| Cardiff |
| CF3 0LT |
| BANKERS: |
| 1st Floor |
| 3 Hardman Street |
| Spinningfields |
| Manchester |
| M3 3HF |
| SOLICITORS: |
| 28 Mawdsley Street |
| Bolton |
| BL1 1LF |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Balance Sheet |
| 31 JULY 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Balance Sheet - continued |
| 31 JULY 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 1. | STATUTORY INFORMATION |
| Summit Leisure (Deansgate) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparation |
| The financial statements have been prepared on a going concern basis, based on the continued financial support to be given to the company from its dirctors, related trading parties and its bankers. |
| Goodwill |
| Purchased goodwill in relation to the freehold property to which it relates is stated in the company's balance sheet on a cost basis. In the opinion of the company's directors it is not appropriate to amortise the purchased goodwill in relation to freehold property. This is not in accordance with FRS No.10. The directors are satisfied that no impairment has occurred in relation to the value of the purchased goodwill relating to freehold property. Purchased goodwill relating to leasehold property is amortised over the period of the lease of the property i.e. over six years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Freehold property | - |
| Short leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| No depreciation is provided in respect of freehold buildings which is not in accordance with FRS No 15 "Tangible Fixed Assets". The directors are of the opinion that the open market valuation of the company's freehold land and buildings is in excess of their original cost. In the absence of a professional valuation the director is unable to quantify the excess. In the opinion of the directors there has been no impairment in relation to the company's freehold land and buildings. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value, based on directors estimates. |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Leased assets |
| Assets held under finance leases and hire purchase contracts and the related obligations are recorded in the balance sheet at the fair value of the assets at the inception of the contract. The amounts by which the payments exceed the recorded obligations are treated as finance charges which are amortised over the lease terms to give a constant rate of charge on the remaining balance of the obligation. |
| Operating lease commitments are provided for in the balance sheet at the time the rental payments fall due. Such rental costs are charged to the profit and loss account as incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribuion pension scheme on behalf of the directors. The assets of the scheme are held seperately from those of the company within independently administered funds. The pension scheme charge represents contributions payable by the company in accordance with the rules of the scheme. |
| The charge to the financial statements includes payments during the year, there being no provision for outstanding liabilities at the balance sheet date. |
| Turnover |
| Turnover is mainly derived from takings subject to Machine Games Duty. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2024 |
| and 31 July 2025 |
| AMORTISATION |
| At 1 August 2024 |
| and 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Short | Plant and | Motor |
| property | leasehold | machinery | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 July 2025 |
| DEPRECIATION |
| At 1 August 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Due from related companies | 2,115,000 | 2,115,000 |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Due to related companies | 5,255,873 | 5,105,290 |
| Directors' current accounts | 80 | 954 |
| Accrued expenses |
| The directors' current accounts are interest free and repayable on demand. |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdraft |
| SUMMIT LEISURE (DEANSGATE) LIMITED (REGISTERED NUMBER: 02581189) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 10. | RELATED PARTY DISCLOSURES |
| Mr A Shaw, Mr K C Shaw and Miss T Shaw are directors in Summit Leisure (Market Street) Limited, Summit Leisure (Swinton) Limited, Prospector Group Limited and K Shaw and Sons Limited. |
| Mr K C Shaw is the director and owner of the business Summit Leisure (KC) Limited. |
| At 31 July 2025 the amounts owed from/(to) parties under common control were as follows: |
| 2025 | 2024 |
| £ | £ |
| Summit Leisure (Market Street)Limited | (1,082,591 | ) | (1,015,895 | ) |
| Summit Leisure (Swinton) Limited | (1,504,448 | ) | (1,438,635 | ) |
| Summit Leisure (KC) Limited | (914,166 | ) | (871,092 | ) |
| K Shaw and Sons Limited (1,754,668) (1,779,668) |
| Prospector Group limited 2,115,000 2,115,000 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by it's directors. |