1.
General Information
Clifton Lido Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
05266081
. The registered office is 25 St. Matthews Road, Bristol, BS6 5TT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised on provision of services to customers.
2.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are stated in the balance sheet at cost, less and subsequent accumulated amortisation and
subsequent accumulated impairment losses.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over
their useful lives as follows:
Software - 15% reducing balance
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
2.5.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
Clifton Lido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.6.
Financial Instruments
Classification
The company holds the following financial instruments:
- Short term trade and other debtors and creditors;
- Short term intercompany debtors and creditors; and
- Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the
instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets
expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of
liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently
carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after
taking account of impairment adjustments.
2.7.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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 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.
2.8.
Deferred income
Membership income is recognised over the period to which the membership relates. Revenue related to prepaid
services and vouchers is recognised upon redemption of the services and vouchers. Deferred income balances
relate to that income to be recognised in future periods in respect of these income streams.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 107 (2024: 94)
Clifton Lido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
4.
Intangible Assets
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 May 2024 |
|
||
| Additions |
|
||
| As at 30 April 2025 |
|
||
| Amortisation | |||
| As at 1 May 2024 |
|
||
| Provided during the period |
|
||
| As at 30 April 2025 |
|
||
| Net Book Value | |||
| As at 30 April 2025 |
|
||
| As at 1 May 2024 |
|
||
5.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 May 2024 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
( |
|
|
( |
| As at 30 April 2025 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 May 2024 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
( |
|
|
( |
| As at 30 April 2025 |
|
|
|
|
|
| Net Book Value | |||||
| As at 30 April 2025 |
|
|
|
|
|
| As at 1 May 2024 |
|
|
|
|
|
Clifton Lido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
6.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments |
|
|
|
| Amounts owed by group undertakings |
|
|
|
|
|
|
||
Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Other taxes and social security |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
| Amounts owed to group undertakings |
|
|
|
|
|
|
||
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
9.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 May 2024 |
|
52,809 |
| Deferred taxation |
( |
( |
| Balance at 30 April 2025 |
|
48,080 |
Clifton Lido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
11.
Pension Commitments
The company operates a defined contribution pension scheme for the qualifying directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £9,609 (2024 - £8,801) were due to the fund. They are included in other creditors.
12.
Related Party Transactions
During the year the following sales and purchases were made to companies under common control.
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Bristol Bridge Company Limited - purchases
|
40,781
|
42,571
|
|
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</svg>){kind=small}
|
|
||
|
40,781
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
42,571
|
13.
Parent Company
The parent of the smallest group in which these financial statements are consolidated is Glassington Limited, a company incorporated in England & Wales. The registered office of Glassington Limited is: 25 St Matthews Road, Bristol, BS6 5TT.
14.
Audit Information
The auditor's report on the accounts of
Clifton Lido Limited
for the year ended 30 April 2025 was unqualified.
The auditor's report was signed by
Philip Evans BSc FCA
(Senior Statutory Auditor)
for and on behalf of
PJE Chartered Accountants & Statutory Auditors
, Statutory Auditor.
|
2 Oakfield Road
Clifton
Bristol
BS8 2AL
|