REGISTERED NUMBER: 12826933 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

PRIME LEISURE GROUP LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G R Green

T Morrison

REGISTERED OFFICE:

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

REGISTERED NUMBER:

12826933 (England and Wales)

ACCOUNTANTS:

A & N (Haslemere) Limited

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

FIXED ASSETS

Tangible assets

3

2,235,999

3,264,173

CURRENT ASSETS

Stocks

135,000

105,223

Debtors

4

931,288

1,207,205

Cash at bank

446,261

422,446

1,512,549

1,734,874

CREDITORS

Amounts falling due within one year

5

893,802

1,284,526

NET CURRENT ASSETS

618,747

450,348

TOTAL ASSETS LESS CURRENT LIABILITIES

2,854,746

3,714,521

CREDITORS

Amounts falling due after more than one year

6

(1,840,678

)

(2,286,897

)

PROVISIONS FOR LIABILITIES

(478,474

)

(363,014

)

NET ASSETS

535,594

1,064,610

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

535,294

1,064,310

535,594

1,064,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2026 and were signed on its behalf by:

T Morrison - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is charged at 20% on cost less residual value to write off each asset across its useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised on timing differences, measured at 25%. At 31 August 2025 there is a deferred tax liability of £478,474 (2024: £363,014) in respect of accelerated capital allowances. The company has trading losses of approximately £1.6 million carried forward, available for offset against future trading profits; a related deferred tax asset of approximately £410,000 has not been recognised.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leases

Operating lease payments are recognised on a straight-line basis over the lease term, including rent-free periods and stepped lease arrangements, in accordance with FRS 102 Section 20. Any difference between lease payments made and the amount charged to the profit and loss account is recognised as a lease accrual or prepayment within creditors or debtors respectively.

Landlord Contributions

Landlord contributions received in prior years in relation to leasehold improvements are recognised as a reduction to the total lease cost and are included within the lease accrual. These contributions are spread over the lease term on a straight-line basis, consistent with the treatment of lease payments.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 211 (2024 - 211 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 September 2024

117,534

5,088,637

13,267

Additions

-

66,210

-

Disposals

-

-

-

At 31 August 2025

117,534

5,154,847

13,267

DEPRECIATION

At 1 September 2024

59,928

1,938,836

4,992

Charge for year

22,505

1,030,905

2,653

Eliminated on disposal

-

-

-

At 31 August 2025

82,433

2,969,741

7,645

NET BOOK VALUE

At 31 August 2025

35,101

2,185,106

5,622

At 31 August 2024

57,606

3,149,801

8,275

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

42,328

26,379

5,288,145

Additions

-

4,583

70,793

Disposals

(42,328

)

-

(42,328

)

At 31 August 2025

-

30,962

5,316,610

DEPRECIATION

At 1 September 2024

3,527

16,689

2,023,972

Charge for year

-

4,103

1,060,166

Eliminated on disposal

(3,527

)

-

(3,527

)

At 31 August 2025

-

20,792

3,080,611

NET BOOK VALUE

At 31 August 2025

-

10,170

2,235,999

At 31 August 2024

38,801

9,690

3,264,173

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

931,288

1,207,205

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

455

11,000

Trade creditors

225,843

309,470

Taxation and social security

305,617

207,839

Other creditors

361,887

756,217

893,802

1,284,526

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

88,000

Other creditors

1,840,678

2,198,897

1,840,678

2,286,897

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

1,255,000

1,211,250

Between one and five years

5,195,500

5,136,500

In more than five years

3,605,333

4,919,333

10,055,833

11,267,083

Accrued Lease Cost:

At the reporting date the company carried an accrued lease cost of £1,795,678 (2024: £1,947,369), included within creditors falling due after more than one year. Rentals under the company's property leases are charged to profit or loss on a straight-line basis over the lease terms, net of landlord contributions received in earlier periods, in accordance with FRS 102 Section 20. The accrual represents the cumulative difference between the straight-line charge and the rent paid.