Vale Leisure & Sports Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03646789 (England and Wales)

Financial Statements for the Year Ended 31st October 2025

for

Vale Leisure & Sports Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Stephenson

REGISTERED OFFICE:

The Anchor Inn

Anchor Lane

Fladbury

Worcestershire

WR10 2PY

REGISTERED NUMBER:

03646789 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

155,974

123,264

CURRENT ASSETS

Stocks

1,733

1,574

Debtors

3,495

2,458

Cash at bank and in hand

31,141

30,100

36,369

34,132

CREDITORS

Amounts falling due within one year

42,633

42,441

NET CURRENT LIABILITIES

(6,264

)

(8,309

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

149,710

114,955

CREDITORS

Amounts falling due after more than one
year

(29,093

)

-

PROVISIONS FOR LIABILITIES

(7,795

)

(1,147

)

NET ASSETS

112,822

113,808

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

112,722

113,708

SHAREHOLDERS' FUNDS

112,822

113,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 by the director and authorised for issue on 27th July 2026 and were signed by:

S A Stephenson - Director

1.	STATUTORY INFORMATION

Vale Leisure & Sports Services 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.

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.

TURNOVER

Revenue is recognised when bar and food products are served to customers, after deducting discounts and sales-based taxes.

Gaming machine sales are recognised as the net proceeds taken from the machines.

Revenue from room rentals is recognised when rooms are occupied and services are provided, after deduction of discounts and sales-based taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations 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 payables are recognised initially at transaction cost.

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 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.

HIRE PURCHASE LOANS

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.

PENSION COSTS

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2024

325,618

Additions

43,535

Disposals

(28,967

)

At 31st October 2025

340,186

DEPRECIATION

At 1st November 2024

202,354

Charge for year

10,577

Eliminated on disposal

(28,719

)

At 31st October 2025

184,212

NET BOOK VALUE

At 31st October 2025

155,974

At 31st October 2024

123,264

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

Totals

£

COST

Additions

39,564

At 31st October 2025

39,564

DEPRECIATION

Charge for year

5,495

At 31st October 2025

5,495

NET BOOK VALUE

At 31st October 2025

34,069

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

35,868

-

Hire purchase loans are secured against the assets to which they relate.

6.	ULTIMATE PARENT COMPANY

The parent company is Simon A Stephenson Limited, whose registered office is The Anchor Inn, Anchor Lane, Fladbury, Worcestershire, WR10 2PY.