Morley Leisure Limited - Filleted accounts

Registered number

02988722

Morley Leisure Limited

Filleted Accounts

23 July 2025

Morley Leisure Limited
Registered number:		02988722
Balance Sheet
as at 23 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,012,330			1,012,330

Current assets
Debtors	4	834,146			894,146
Cash at bank and in hand		343,112			201,754
		1,177,258			1,095,900

Creditors: amounts falling due within one year	5	(27,762)			(29,691)

Net current assets			1,149,496			1,066,209

Net assets			2,161,826			2,078,539

Capital and reserves
Called up share capital			101			101
Profit and loss account			2,161,725			2,078,438

Shareholders' funds			2,161,826			2,078,539

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A C Anderson
Director
Approved by the board on 23 April 2026

Morley Leisure Limited
Notes to the Accounts
for the year ended 23 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
1	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 24 July 2024				1,012,330
	At 23 July 2025				1,012,330

	Depreciation
	At 23 July 2025				-

	Net book value
	At 23 July 2025				1,012,330
	At 23 July 2024				1,012,330


4	Debtors		2025		2024
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		834,146		894,146


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		27,762		29,634
	Other creditors		-		57
			27,762		29,691


6	Related party transactions

	Transactions with related parties

	During the year the company entered into the following transactions with related parties:

			Services received
			2025		2024
£				£

	Entities with control, joint control or significant influence over the company		60,000		60,000


	Amounts due from related parties

	The following amounts were outstandng at the reporting end date
			2025		2024
£				£

	Entities with control, joint control or significant influence over the company		834,146		894,146



7	Other information

	Morley Leisure Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Stoneleigh Events
	Stoneleigh Park
	Kenilworth
	Warwickshire
	CV8 2LZ