REGISTERED NUMBER: 02550976 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ESP LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Ross

N E Fletcher

SECRETARY:

D A Ross

REGISTERED OFFICE:

Europa House

1 Kimpton Link Business Park

40 Kimpton Road

Sutton

Surrey

SM3 9QP

REGISTERED NUMBER:

02550976 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kate Brasser FCCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

Unit 4 Mulgrave Chambers

26-28 Mulgrave Road

Sutton

Surrey

SM2 6LE

FIXED ASSETS

Tangible assets

4

27,815

17,551

CURRENT ASSETS

Stocks

5

30,806

37,537

Debtors

6

170,587

184,781

Cash at bank and in hand

2,739,438

2,579,883

2,940,831

2,802,201

CREDITORS

Amounts falling due within one year

7

937,387

847,139

NET CURRENT ASSETS

2,003,444

1,955,062

TOTAL ASSETS LESS CURRENT LIABILITIES

2,031,259

1,972,613

CAPITAL AND RESERVES

Called up share capital

950

950

Capital redemption reserve

50

50

Retained earnings

2,030,259

1,971,613

SHAREHOLDERS' FUNDS

2,031,259

1,972,613

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 16 June 2026 and were signed on its behalf by:

D A Ross - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Going concern

The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for the development and sale of computer systems for sports and leisure activities, which are comprised of goods and services, net of returns, discounts and value added taxes.

The following criteria must also be met before revenue is recognised:

Sales of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-

the company has transferred the significant risks and rewards of ownership to the buyer;

-

the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the transaction; and

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the contract;

-

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Over the period of the lease

Plant and machinery

-

25% on cost

Depreciation is charged from the month of acquisition.

Stocks

Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on a first in first out basis. Cost includes the purchase price, including taxes and duties, transport and all other costs directly attributable to bringing the stock to its present location and condition.

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 balance sheet date.

Deferred tax

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.

Research and development

Expenditure on research and development is recognised as an expense in the year in which it is incurred.

Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and a defined contribution pension plan.

(i) Short term benefits

Short term benefits including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is provided.

(ii) Employee pension arrangements

The company operate a fully compliant workplace pension and defined contribution pension scheme. This is a pension plan under which the company pays fixed contributions in to separate entities. Once the contributions have been paid the company has no further obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are held separately from the company in independently administered funds.

Operating leases

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 January 2025

53,200

295,548

348,748

Additions

-

26,325

26,325

Disposals

-

(19,557

)

(19,557

)

At 31 December 2025

53,200

302,316

355,516

DEPRECIATION

At 1 January 2025

53,200

277,997

331,197

Charge for year

-

15,780

15,780

Eliminated on disposal

-

(19,276

)

(19,276

)

At 31 December 2025

53,200

274,501

327,701

NET BOOK VALUE

At 31 December 2025

-

27,815

27,815

At 31 December 2024

-

17,551

17,551

5.

STOCKS

2025

2024

£

£

Stocks

30,806

37,537

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

131,418

143,113

Deferred tax asset

Decelerated capital allowances

23,398

25,198

Prepayments

15,771

16,470

170,587

184,781

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,096

16,385

Corporation tax

118,740

114,228

Social security and other taxes

28,260

25,651

VAT

68,966

45,236

Other creditors

3,894

2,536

Directors' current accounts

2,678

2,520

Accruals and deferred income

705,753

640,583

937,387

847,139

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

-

9,167

Amounts shown relate to the full amounts left payable in accordance with the lease.

9.	DEFERRED TAX

£

Balance at 1 January 2025

(25,198

)

Charge to Income Statement during year

1,800

Balance at 31 December 2025

(23,398

)

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kate Brasser FCCA (Senior Statutory Auditor)

for and on behalf of THP Limited

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £13,056 (2024 - £12,969). Contributions totalling £2,605 (2024 - £2,536) were payable to the fund at the Balance Sheet date.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

D A Ross

Balance outstanding at start of year

-

-

Amounts advanced

-

365,789

Amounts repaid

-

(365,789

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Advances to the director were repayable on demand and subject to interest at HMRC's official rate. Interest of £Nil (2024 - £809) was paid in the year.

13.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £2,678 (2024 - £2,520). Loan interest of £123 (2024 - £38) has been paid in the year. The amount carries no fixed term of repayment.

The director D A Ross is trustee of the Kimpton Pension Fund. During the financial year the company was charged rent of £55,000 (2024 - £55,000) by the Kimpton Pension Fund.

During the financial year an advance of £200,000 (2024 - £200,000) was made to a participator. The advance was repaid in full before the balance sheet date in both 2025 and 2024 Interest of £1,700 (2024 - £2,000) was paid to the company in respect of the advance.