Paladin Leisure Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04656972

Paladin Leisure Ltd

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

Paladin Leisure Ltd

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	6	4,000	–
Tangible assets	7	468,783	496,250
		---------	---------
		472,783	496,250

Current assets

Debtors	8	42,935	44,475
Cash at bank and in hand		232,810	220,350
		---------	---------
		275,745	264,825

Creditors: amounts falling due within one year	9	120,826	83,666
		---------	---------
Net current assets		154,919	181,159
		---------	---------
Total assets less current liabilities		627,702	677,409

Creditors: amounts falling due after more than one year	10	111,314	144,316
		---------	---------
Net assets		516,388	533,093
		---------	---------

Capital and reserves

Called up share capital	196,100	196,100
Profit and loss account	320,288	336,993
	---------	---------
Shareholders funds	516,388	533,093
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Paladin Leisure Ltd

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 23 May 2026 , and are signed on behalf of the board by:

Miss L C Vokins
Director

Company registration number: 04656972

Paladin Leisure Ltd

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is T2 Southern Unit Grove Business Park, Downsview Road, Wantage, Oxford, OX12 9FA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Web-site	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	2% reducing balance
Plant and machinery	-	15% reducing balance
Furniture and office equipment	-	15% reducing balance
Motor vehicles	-	15% reducing balance

	Computer Equipment	-	15% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 22 (2025: 21 ).

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2026	2025
	£	£
Dividends on equity shares	33,350	31,900
	--------	--------

6. Intangible assets

	Web-site
	£
Cost
Additions	5,000
	-------
At 31 January 2026	5,000
	-------
Amortisation
Charge for the year	1,000
	-------
At 31 January 2026	1,000
	-------
Carrying amount
At 31 January 2026	4,000
	-------
At 31 January 2025	–
	-------

7. Tangible assets

	Long leasehold property	Plant and machinery	Furniture & office equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2025	354,965	581,107	11,387	41,075	54,866	1,043,400
Additions	–	17,453	–	–	4,175	21,628
Disposals	( 2,154)	( 3,308)	–	–	–	( 5,462)
	---------	---------	--------	--------	--------	------------
At 31 Jan 2026	352,811	595,252	11,387	41,075	59,041	1,059,566
	---------	---------	--------	--------	--------	------------
Depreciation
At 1 Feb 2025	97,188	372,622	9,047	30,005	38,288	547,150
Charge for the year	5,113	33,395	351	1,661	3,113	43,633
	---------	---------	--------	--------	--------	------------
At 31 Jan 2026	102,301	406,017	9,398	31,666	41,401	590,783
	---------	---------	--------	--------	--------	------------
Carrying amount
At 31 Jan 2026	250,510	189,235	1,989	9,409	17,640	468,783
	---------	---------	--------	--------	--------	------------
At 31 Jan 2025	257,777	208,485	2,340	11,070	16,578	496,250
	---------	---------	--------	--------	--------	------------

8. Debtors

	2026	2025
	£	£
Trade debtors	3,489	2,039
Other debtors	39,446	42,436
	--------	--------
	42,935	44,475
	--------	--------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	5,000	5,000
Trade creditors	29,459	28,700
Corporation tax	9,046	–
Social security and other taxes	43,588	7,872
Other creditors	33,733	42,094
	---------	--------
	120,826	83,666
	---------	--------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	23,889	30,556
Other creditors	87,425	113,760
	---------	---------
	111,314	144,316
	---------	---------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	113,966	115,185
Later than 1 year and not later than 5 years	402,240	415,646
Later than 5 years	578,220	678,780
	------------	------------
	1,094,426	1,209,611
	------------	------------

12. Director's advances, credits and guarantees

At the start of the year, the director owed £1,100 to the company which was repaid in full on 30 June 2025.