Hillcroft Leisure Limited - Period Ending 2026-05-31

Company Registration number: 07964640

Hillcroft Leisure Limited

Annual Report and Unaudited
Financial Statements

for the Year Ended 31 May 2026

Hillcroft Leisure Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 9

Hillcroft Leisure Limited

Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	32,256	32,256
Tangible assets	5	5,327,204	5,288,010
		5,359,460	5,320,266
Current assets
Stocks		146,052	289,490
Debtors	6	2,047,168	1,769,548
Cash at bank and in hand		390,893	275,946
		2,584,113	2,334,984
Creditors: Amounts falling due within one year	8	(1,482,176)	(1,216,517)
Net current assets		1,101,937	1,118,467
Total assets less current liabilities		6,461,397	6,438,733
Creditors: Amounts falling due after more than one year	8	(323,244)	(368,160)
Provisions for liabilities		(295,984)	(372,583)
Net assets		5,842,169	5,697,990
Capital and reserves
Called up share capital	9	10,000	10,000
Retained earnings		5,832,169	5,687,990
Shareholders' funds		5,842,169	5,697,990

Hillcroft Leisure Limited

Balance Sheet as at 31 May 2026 (continued)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 July 2026 and signed on its behalf by:

.........................................
Mr J A Heath
Director

Company registration number: 07964640

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Southwaite Green Mill
Eamont Bridge
Penrith
CA10 2BY

These financial statements were authorised for issue by the Board on 9 July 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Going concern

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

No depreciation has been provided for on the land and buildings as the property is kept in a sound state of repair and in the opinion of the directors the residual value is so high and the useful economic life so long that the depreciation charge would be immaterial. This is not in accordance with the FRS 102 Section 1A. However this is required in order to give a true and fair view.

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	No charge
Plant and machinery	20% reducing balance
Motor vehicles	25% reducing balance
Caravan hire fleet	20% reducing balance
Office equipment	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and no amortisation is charged. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 16 (2025 - 16).

4	INTANGIBLE ASSETS

Goodwill
£

Total
£

Cost or valuation

At 1 June 2025

32,256

32,256

At 31 May 2026

32,256

32,256

Amortisation

Carrying amount

At 31 May 2026

32,256

32,256

At 31 May 2025

32,256

32,256

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026 (continued)

5	TANGIBLE ASSETS

Land and buildings
£

Motor vehicles
£

Plant and machinery
£

Office equipment
£

Caravan hire fleet
£

Total
£

Cost or valuation

At 1 June 2025

3,787,205

236,821

837,961

189,130

2,092,600

7,143,717

Additions

2,362

40,400

145,712

949

269,762

459,185

Disposals

-

(79,967)

(28,750)

-

(94,889)

(203,606)

At 31 May 2026

3,789,567

197,254

954,923

190,079

2,267,473

7,399,296

Depreciation

At 1 June 2025

-

68,567

460,806

138,492

1,187,841

1,855,706

Charge for the year

-

27,445

82,818

10,175

191,339

311,777

Eliminated on disposal

-

(16,694)

(22,138)

-

(56,559)

(95,391)

At 31 May 2026

-

79,318

521,486

148,667

1,322,621

2,072,092

Carrying amount

At 31 May 2026

3,789,567

117,936

433,437

41,412

944,852

5,327,204

At 31 May 2025

3,787,205

168,254

377,155

50,637

904,759

5,288,010

Included within the net book value of land and buildings above is £681,294 (2025: £681,294) in respect of leasehold land and buildings.

- 7 -

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026 (continued)

DEBTORS

Current	2026 £	2025 £
Trade debtors	71,346	53,839
Prepayments	44,075	7,910
Other debtors	1,931,747	1,707,799
	2,047,168	1,769,548

7	RELATED PARTY TRANSACTIONS

2026	At 1 June 2025 £	Advances to director £	At 31 May 2026 £
Mr J A Heath
Director's loan account	-	666,485	666,485


Mrs V H Heath
Director's loan account	-	666,486	666,486

The overdrawn balance is unsecured and repayable on demand. Interest is charged on the overdrawn balance at a rate of 3.75% per annum.

Hillcroft Leisure Limited

Notes to the financial statements for the Year Ended 31 May 2026 (continued)

CREDITORS

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		35,920	26,920
Trade creditors		399,763	193,700
Taxation and social security		519,292	229,856
Accruals and deferred income		523,581	761,753
Other creditors		3,620	4,288
		1,482,176	1,216,517

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £35,920 (2025 - £26,920).

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		323,244	368,160

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £323,244 (2025 - £368,160).

9	SHARE CAPITAL

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	9,980	9,980	9,980	9,980
Ordinary A of £1 each	10	10	10	10
Ordinary B of £1 each	10	10	10	10
	10,000	10,000	10,000	10,000

	Goodwill £	Total £
Cost or valuation
At 1 June 2025	32,256	32,256
At 31 May 2026	32,256	32,256
Amortisation
Carrying amount
At 31 May 2026	32,256	32,256
At 31 May 2025	32,256	32,256

	Land and buildings £	Motor vehicles £	Plant and machinery £	Office equipment £	Caravan hire fleet £	Total £
Cost or valuation
At 1 June 2025	3,787,205	236,821	837,961	189,130	2,092,600	7,143,717
Additions	2,362	40,400	145,712	949	269,762	459,185
Disposals	-	(79,967)	(28,750)	-	(94,889)	(203,606)
At 31 May 2026	3,789,567	197,254	954,923	190,079	2,267,473	7,399,296
Depreciation
At 1 June 2025	-	68,567	460,806	138,492	1,187,841	1,855,706
Charge for the year	-	27,445	82,818	10,175	191,339	311,777
Eliminated on disposal	-	(16,694)	(22,138)	-	(56,559)	(95,391)
At 31 May 2026	-	79,318	521,486	148,667	1,322,621	2,072,092
Carrying amount
At 31 May 2026	3,789,567	117,936	433,437	41,412	944,852	5,327,204
At 31 May 2025	3,787,205	168,254	377,155	50,637	904,759	5,288,010