RDF LEISURE LIMITED


Director	Mr R D Fairbairn


Registered Address	Subway
	96-106 Whitegate Drive
	Blackpool
	FY3 9ES


Registered Number	07692947 (England and Wales)

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of franchise costs has been set at 10 years and the asset will be amortised on a straight line basis over that period.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	10

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	82		80

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 October 24	788,926	35,781	824,707
Disposals	(120,178)	(9,769)	(129,947)
At 30 September 25	668,748	26,012	694,760
Amortisation and impairment
At 01 October 24	788,801	31,490	820,291
Charge for year	125	1,708	1,833
On disposals	(120,178)	(9,769)	(129,947)
At 30 September 25	668,748	23,429	692,177
Net book value
At 30 September 25	-	2,583	2,583
At 30 September 24	125	4,291	4,416

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 October 24	121,563	753,802	875,365
Additions	173,080	101,076	274,156
Disposals	(28,218)	(163,205)	(191,423)
At 30 September 25	266,425	691,673	958,098
Depreciation and impairment
At 01 October 24	112,502	639,383	751,885
Charge for year	6,310	43,801	50,111
On disposals	(27,512)	(162,998)	(190,510)
At 30 September 25	91,300	520,186	611,486
Net book value
At 30 September 25	175,125	171,487	346,612
At 30 September 24	9,061	114,419	123,480

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	31,350	30,758
Total	31,350	30,758

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	907	599
Amounts owed by group undertakings	290,446	371,009
Other debtors	20,432	136,029
Prepayments and accrued income	53,429	96,214
Total	365,214	603,851

7.	Debtors: amounts due after one year

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	335,351	383,465
Taxation and social security	77,210	131,496
Other creditors	83,066	83,583
Accrued liabilities and deferred income	132,821	159,274
Total	628,448	757,818

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	209,203	44,670
Total	209,203	44,670

10.	Secured creditors
	The other loans totalling £79,221 (2024 - £79,221) are secured by personal guarantees entered into by the director. RDF Leisure Limited has acted as guarantor on behalf of a company of which Mr R Fairbairn is the sole director and shareholder. Likewise, that company has provided security with regards to lending provided to RDF Leisure Ltd.

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	48,305	26,524
Total	48,305	26,524

12.	Other commitments
	The total amount of financial commitments not included in the balance sheet at the year end is £881,947 (2024: £946,015).

13.	Operating lease commitments
	At 30 September 2024 the company had future minimum lease payments under non-cancellable operating leases of £304,313 (2024: £ 147,047). The operating lease agreements are secured by the underlying assets held under such agreements. Additional security has only been offered by the shareholders of the company in the form of personal guarantees.

14.	Directors advances, credits and guarantees
	On 1 October 2024 a Director owed the Company £17,194. During the period this director was advanced a further £17,217. As at 30 September 2025 this Director owed the Company £35,011. No interest was charged on this loan. The loan is unsecured and repayable upon demand.

15.	Related party transactions
	RDF Leisure Limited has a loan with a company of which Mr R D Fairbairn is a director and shareholder. At the year end £2,218 was due to that company (2024: £9,127). The loan is interest free and repayable upon demand. RDF Leisure Limited has a loan with a company of which Mr R D Fairbairn is a director and shareholder. At the year end £290,661 was due to RDF Leisure Limited (2024: £370,721). Interest is charged at 12.5% and the loan is repayable on demand. RDF Leisure Limited has a loan with a company of which Mr R D Fairbairn is a director and shareholder. At the year end £48 was due to RDF Leisure Limited (2023: £48). The loan is interest free and repayable upon demand.

15.

Related party transactions

RDF Leisure Limited has a loan with a company of which Mr R D Fairbairn is a director and shareholder. At the year end £2,218 was due to that company (2024: £9,127). The loan is interest free and repayable upon demand. 

RDF Leisure Limited has a loan with a company of which Mr R D Fairbairn is a director and shareholder. At the year end £290,661 was due to RDF Leisure Limited (2024: £370,721). Interest is charged at 12.5% and the loan is repayable on demand.

RDF Leisure Limited has a loan with a company of which Mr R D Fairbairn is a director and shareholder. At the year end £48 was due to RDF Leisure Limited (2023: £48). The loan is interest free and repayable upon demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		2,583		4,416
Tangible assets	4		346,612		123,480
			349,195		127,896
Current assets
Stocks	5	31,350		30,758
Debtors	6,7	365,214		603,851
Cash at bank and on hand		140,658		68,249
		537,222		702,858
Creditors amounts falling due within one year	8	(628,448)		(757,818)
Net current assets (liabilities)			(91,226)		(54,960)
Total assets less current liabilities			257,969		72,936
Creditors amounts falling due after one year	9		(209,203)		(44,670)
Provisions for liabilities	11		(48,305)		(26,524)
Net assets			461		1,742
Capital and reserves
Called up share capital			10		10
Profit and loss account			451		1,732
Shareholders' funds			461		1,742