REGISTERED NUMBER: 02430691 (England and Wales)

LEISURE INDUSTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

P W Massey

REGISTERED OFFICE:

Springfield Caravan Site

Walls Lane

Ingoldmells

Skegness

Lincolnshire

PE25 1JE

REGISTERED NUMBER:

02430691 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

HSBC Bank PLC

49 Lumley Road

Skegness

Lincolnshire

PE25 3LW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,705,855

4,659,313

Investment property

6

1,789,163

1,789,163

6,495,018

6,448,476

CURRENT ASSETS

Stocks

475,306

519,681

Debtors

7

73,576

74,361

Cash at bank and in hand

6,850,328

6,318,663

7,399,210

6,912,705

CREDITORS

Amounts falling due within one year

8

1,120,459

871,976

NET CURRENT ASSETS

6,278,751

6,040,729

TOTAL ASSETS LESS CURRENT LIABILITIES

12,773,769

12,489,205

PROVISIONS FOR LIABILITIES

69,182

72,708

NET ASSETS

12,704,587

12,416,497

CAPITAL AND RESERVES

Called up share capital

9

1,110

1,110

Retained earnings

12,703,477

12,415,387

SHAREHOLDERS' FUNDS

12,704,587

12,416,497

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 28 May 2026 and were signed by:

P W Massey - Director

1.	STATUTORY INFORMATION

Leisure Industry 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Land and buildings

-

40% on cost and 2% on cost

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Investment property

The properties are included in the accounts at cost and, in the opinion of the directors, the open market values are not significantly different to the balance sheet values.

Stocks

Call-off stock located overseas remains the property of the company until it is sold to third parties.

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

30,001

AMORTISATION

At 1 November 2024

and 31 October 2025

30,001

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

4,981,451

333,960

5,315,411

Additions

111,032

14,275

125,307

At 31 October 2025

5,092,483

348,235

5,440,718

DEPRECIATION

At 1 November 2024

461,783

194,315

656,098

Charge for year

39,756

39,009

78,765

At 31 October 2025

501,539

233,324

734,863

NET BOOK VALUE

At 31 October 2025

4,590,944

114,911

4,705,855

At 31 October 2024

4,519,668

139,645

4,659,313

Included in cost of land and buildings is freehold land of £ 2,898,546 (2024 - £ 2,898,546 ) which is not depreciated.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,789,163

NET BOOK VALUE

At 31 October 2025

1,789,163

At 31 October 2024

1,789,163

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

1,789,163

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,789,163

1,789,163

The investment property was valued on an open market basis on 31 October 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,136

33,834

Other debtors

69,440

40,527

73,576

74,361

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

46,263

74,703

Taxation and social security

141,762

216,466

Other creditors

932,434

580,807

1,120,459

871,976

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,110

Ordinary

1

1,110

1,110

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has provided an interest free loan totalling £703,344 (2024 £369,684).