REGISTERED NUMBER: 07674755 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 DECEMBER 2025

FOR

AVELEY LEISURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Kerodi Chandregowda

REGISTERED OFFICE:

Unit 701 Vauxhall Sky Gardens

153 Wandsworth Road

London

SW8 2GB

REGISTERED NUMBER:

07674755 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Green LLB FCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

5

400,113

457,278

CURRENT ASSETS

Stocks

17,966

-

Debtors

6

51,139

112,219

Cash at bank and in hand

44,954

62,588

114,059

174,807

CREDITORS

Amounts falling due within one year

7

997,048

1,409,751

NET CURRENT LIABILITIES

(882,989

)

(1,234,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(482,876

)

(777,666

)

CREDITORS

Amounts falling due after more than one year

8

(91,705

)

(105,008

)

PROVISIONS FOR LIABILITIES

(24,899

)

(52,131

)

NET LIABILITIES

(599,480

)

(934,805

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(599,481

)

(934,806

)

SHAREHOLDERS' FUNDS

(599,480

)

(934,805

)

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 director and authorised for issue on 30 June 2026 and were signed by:

S Kerodi Chandregowda - Director

1.	STATUTORY INFORMATION

Aveley Leisure Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

Trading activity has continued to improve in 2025 as the course matures and corporate activity and bookings grow, with the company delivering an operating profit of £323,026 (2024: Loss £201,120).

The golf course has been commended for its professional standards in the South of England. In light of this, the course will be eligible to host more competitions and continue to enhance its brand and increase awareness.

Shareholders' funds showed a significant improvement, although they remain in a deficit position of £599,480 (2024: £934,805)

The Company is able to rely on the support of its parent company, as required. In light of this, the Directors have prepared these accounts on a going concern basis.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied and goods sold, net of returns, discounts and value added taxes.

Membership subscriptions are recognised as income in the year that the subscription relates. Joining fees

are recognised at the point of sale as they are separate from the annual subscription payments.

Takings in relation to green fees, driving range income, accessories, bar and catering sales are recognised at the point of sale.

Takings received in advance are deferred and released when the event takes place.

Rental income is recognised on an accruals basis.

Tangible fixed assets

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

Plant and equipment

12.5% to 33% on cost

Fixtures and fittings

20% to 50% on cost

Motor vehicles

25% on cost

Stocks

Food, beverage and golf shop stocks are valued at the lower of cost and selling price less costs to sell and are recorded on an average cost basis.

Provision is made for slow moving or obsolete stock as required.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 46 (2024 - 46 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

1,120,409

66,109

51,385

1,237,903

Additions

122,000

-

-

122,000

Disposals

(80,414

)

-

-

(80,414

)

At 31 December 2025

1,161,995

66,109

51,385

1,279,489

DEPRECIATION

At 1 July 2024

683,207

60,679

36,739

780,625

Charge for period

153,619

2,486

13,875

169,980

Eliminated on disposal

(71,229

)

-

-

(71,229

)

At 31 December 2025

765,597

63,165

50,614

879,376

NET BOOK VALUE

At 31 December 2025

396,398

2,944

771

400,113

At 30 June 2024

437,202

5,430

14,646

457,278

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 July 2024

369,052

Additions

110,245

At 31 December 2025

479,297

DEPRECIATION

At 1 July 2024

103,177

Charge for period

89,699

At 31 December 2025

192,876

NET BOOK VALUE

At 31 December 2025

286,421

At 30 June 2024

265,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

19,020

Prepayments and accrued income

51,139

93,199

51,139

112,219

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

68,470

78,139

Trade creditors

101,450

147,381

Amounts owed to group undertakings

595,211

1,016,179

Social security and other taxes

23,734

18,864

VAT

100,454

73,899

Other creditors

3,164

2,957

Accruals and deferred income

104,565

72,332

997,048

1,409,751

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

91,705

105,008

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

68,470

78,139

Between one and five years

91,705

105,008

160,175

183,147

Non-cancellable

operating leases

2025

2024

£

£

Within one year

50,000

50,000

Between one and five years

200,000

200,000

In more than five years

325,000

400,000

575,000

650,000

The commitment above relates to the base rent owed under a lease agreement with the parent company and does not include an additional commitment to pay rent based on operational turnover.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

160,175

183,147

Hire purchase contracts are secured on the assets to which they relate.

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

The Report of the Auditors was unqualified.

Andrew Green LLB FCA (Senior Statutory Auditor)

for and on behalf of THP Limited

12.	CONTINGENT LIABILITIES

The Group's principal bankers hold a fixed and floating charge over the assets of the Company.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	POST BALANCE SHEET EVENTS

In January 2026, the ultimate parent company disposed the golf and country club through the sale of Ingrebourne Links Limited and Aveley Leisure to a third party.

15.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Ingrebourne Links Limited. From 15 January 2026 the ultimate parent company is Ingrebourne Country Club Holdings Limited, whose registered office is Unit 701 153 Wandsworth Road, London, England, SW8 2GB.

There is no ultimate controlling party.