|
Registered number: 12715230
LEISURE SITE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2025
|
|
LEISURE SITE LIMITED
CONTENTS
|
|
|
Statement of financial position
|
|
Notes to the financial statements
|
|
|
|
LEISURE SITE LIMITED
REGISTERED NUMBER: 12715230
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 July 2026.
|
|
LEISURE SITE LIMITED
REGISTERED NUMBER: 12715230
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2025
The notes on pages 3 to 8 form part of these financial statements.
|
|
LEISURE SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Tallington Lakes Activities Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Tallington Lakes Leisure Park, Barholm Rd, Tallington, Stamford PE9 4RJ.
The nature of the Company's operations and principal activities continued to be that of the provision of sports activity services.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The directors have confirmed their financial support will be provided for the foreseeable future as and when required for the business. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
|
|
LEISURE SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense
recognised as other comprehensive income or to an item recognised directly in equity is also
recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date in the countries where the Company operates
and generates income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
|
|
LEISURE SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
|
|
The average monthly number of employees, including directors, during the Year was 7 (2024 - 14).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the Year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LEISURE SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company operates a defined contributions 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 2025:£2,029 (2024: £2,045).
|
|
LEISURE SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
|
|
Related party transactions
|
|
|
The Company has taken advantage of the exemption available under FRS 102 section 33.1A where disclosures of transactions between group members are not required, provided that the subsidiary is wholly owned.
As at the year end, the Company was owed £136,955 (2024: £124,215) by Tallington Lakes Land Limited, a fellow subsidiary undertaking.
As at the year end, the Company was owed £319 (2024: £319) by Tallington Lakes Leisure park Limited, a fellow subsidiary undertaking.
As at the year end, the Company was owed £1,216,464 (2024: £814,615) by Leisure Venture Land Limited, a fellow subsidiary undertaking.
As at the year end, the Company was owed £382,553 (2024: £290,742) by Venture Activities Limited, a fellow subsidiary undertaking.
As at the year end, the Company was owed £12,084 (2024: £729) by Tallington Lakes Restaurant and Bar Limited, a fellow subsidiary undertaking.
As at the year end, the Company was owed £771,017 (2024: £155,822) by Tallington Lakes Sites Limited, a fellow subsidiary undertaking.
As at the year end, the Company owed £88,559 (2024: £82,899) to Cobra (Cambs) Operations Limited, a company under common control.
As at the year end, the Company owed £51,060 (2024: £44,708 owed by) to Lakeside Club House Limited, a fellow subsidiary undertaking.
As at the year end, the Company owed £115,358 (2024: £15,358) to Tallington Lakes Activities Limited, a fellow subsidiary undertaking.
As at the year end, the Company owed £363,764 (2024: £271,785) to Tallington Lakes Limited, a fellow subsidiary undertaking.
As at the year end, the Company owed £393,546 (2024: £53,898 was owed) by Tallington Lakes Sales Limited, a fellow subsidiary undertaking.
As at the year end, the Company owed £507,257 (2024: £227,843) to Tallington Holdings Limited, the parent company.
As at the year end, the Company was owed £38,388 (2024: £117,437 owed to) by Abacus (Kent) Operations Limited, a company under common control.
As at the year end, the Company owed £1,173,556 (2024: £523,558) to Ping (Herts) Operations Limited, a company under common control.
As at the year end, the Company owed £4,598,724 (2024: £2,388,973) to Venture Lodges Limited, a fellow subsidiary undertaking.
As at the year end, the Company owed £58,782 (2024: £56,182) to K Abbott, a director in the company.
|
|
|
LEISURE SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
The company is controlled by Tallington Holdings Limited.
|