Foyle Leisure Limited iXBRL

Company Registration Number: NI698860

Foyle Leisure Limited

Unaudited Financial Statements

for the financial year ended 31 August 2025

Foyle Leisure Limited

DIRECTORS AND OTHER INFORMATION


Directors	Peter Carey
	Donal Carey


Company Registration Number	NI698860


Registered Office and Business Address	1 Millrush Mews
	Portstewart
	Derry
	BT55 7FZ
	Northern Ireland


Accountants	Brian McDaid & Associates
	Chartered Accountants
	35 Clarendon Street
	Derry
	BT48 7ER
	Northern Ireland


Bankers	Bank of Ireland
	1 Donegal Square South
	Belfast
	Antrim
	BT1 5LR
	Northern Ireland


	Bank Of Ireland
	Culmore
	Derry
	Northern Ireland

Foyle Leisure Limited

Company Registration Number: NI698860

BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Current Assets

Debtors

75,333

100

Cash at bank and in hand

5,640,630

3,500,000

─────────

5,715,963

3,500,100

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Creditors: amounts falling due within one year

(5,557,601)

(3,501,950)

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Net Current Assets/(Liabilities)

158,362

(1,850)

─────────

Total Assets less Current Liabilities

158,362

(1,850)

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

158,262

(1,950)

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Shareholders' Funds/(Deficit)

158,362

(1,850)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 22 May 2026 and signed on its behalf by



Peter Carey
Director

Foyle Leisure Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

Foyle Leisure Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI698860. The registered office of the company is 1 Millrush Mews, Portstewart, Derry, BT55 7FZ, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is investment holding. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 0, (2024 - 0).


4.	Debtors	2025	2024
		£	£

	Amounts owed by group undertakings	-	100
	Other debtors	75,333	-
		─────────	─────────
		75,333	100
		═════════	═════════


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Amounts owed to group undertakings	5,502,897	3,500,000
	Taxation (Note 6)	52,754	-
	Accruals	1,950	1,950
		─────────	─────────
		5,557,601	3,501,950
		═════════	═════════


6.	Taxation	2025	2024
		£	£

	Creditors:
	Corporation tax	52,754	-
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 August 2025.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

Parent company

The company regards Springmill Limited as its parent company.

10.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.