REGISTERED NUMBER: 01133724 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CORRIGAN LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P H Corrigan

Mrs E J Corrigan

SECRETARY:

Mrs E J Corrigan

REGISTERED OFFICE:

5&6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

01133724 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

76,683

113,263

Investment property

5

1,590,000

1,345,000

1,666,683

1,458,263

CURRENT ASSETS

Debtors

6

62,045

78,037

Cash at bank

44,694

78,609

106,739

156,646

CREDITORS

Amounts falling due within one year

7

67,286

74,311

NET CURRENT ASSETS

39,453

82,335

TOTAL ASSETS LESS CURRENT LIABILITIES

1,706,136

1,540,598

CREDITORS

Amounts falling due after more than one year

8

(37,596

)

(62,798

)

PROVISIONS FOR LIABILITIES

(167,672

)

(108,575

)

NET ASSETS

1,500,868

1,369,225

CAPITAL AND RESERVES

Called up share capital

9

25,000

25,000

Fair value reserve

10

1,078,296

894,546

Retained earnings

397,572

449,679

SHAREHOLDERS' FUNDS

1,500,868

1,369,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

Mr P H Corrigan - Director

1.	STATUTORY INFORMATION

Corrigan Leisure 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 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.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

15% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 and leasing commitments

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

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

167,313

Additions

10,233

Disposals

(32,730

)

At 31 March 2026

144,816

DEPRECIATION

At 1 April 2025

54,050

Charge for year

25,709

Eliminated on disposal

(11,626

)

At 31 March 2026

68,133

NET BOOK VALUE

At 31 March 2026

76,683

At 31 March 2025

113,263

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,345,000

Revaluations

245,000

At 31 March 2026

1,590,000

NET BOOK VALUE

At 31 March 2026

1,590,000

At 31 March 2025

1,345,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2003

578,592

Valuation in 2022

429,000

Valuation in 2026

245,000

Cost

337,408

1,590,000

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

2026

2025

£

£

Cost

337,408

337,408

The investment properties were valued on an open market basis basis on 4 February 2026 by Nicholsons Property Group .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

6,233

10,853

Other debtors

55,812

67,184

62,045

78,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

4,611

7,911

Taxation and social security

59,675

64,047

Other creditors

3,000

2,353

67,286

74,311

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

37,596

62,798

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

25,000

Ordinary

£1

25,000

25,000

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

894,546

Realisation of property

revaluation

245,000

Deferred taxation

(61,250

)

At 31 March 2026

1,078,296

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr P H Corrigan and Mrs E J Corrigan

Balance outstanding at start of year

60,209

41,757

Amounts advanced

53,905

72,029

Amounts repaid

(60,645

)

(53,577

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,469

60,209

The amount outstanding has been repaid since the year end.