REGISTERED NUMBER: 14085991 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 SEPTEMBER 2025

FOR

BEADNELL POINT LEISURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Dawson

S A Dixon

REGISTERED OFFICE:

The Craster Arms

The Wynding

Beadnell

Chathill

Northumberland

NE67 5AX

REGISTERED NUMBER:

14085991 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

FIXED ASSETS

Tangible assets

4

1,175,117

581,980

Investments

5

2,100

2,100

1,177,217

584,080

CURRENT ASSETS

Stocks

20,000

23,000

Debtors

6

114,974

60,719

Cash at bank and in hand

158,241

325,412

293,215

409,131

CREDITORS

Amounts falling due within one year

7

863,746

810,544

NET CURRENT LIABILITIES

(570,531

)

(401,413

)

TOTAL ASSETS LESS CURRENT LIABILITIES

606,686

182,667

CREDITORS

Amounts falling due after more than one year

8

(215,526

)

-

PROVISIONS FOR LIABILITIES

(97,849

)

(34,263

)

NET ASSETS

293,311

148,404

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

9

245,577

-

Retained earnings

47,534

148,204

293,311

148,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 September 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

M Dawson - Director

1.	STATUTORY INFORMATION

Beadnell Point 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.

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.

Short leasehold

-

Straight line over 25 years

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 2 years

Freehold and Short leasehold properties are shown at revaluations as disclosed in note 5.

Stocks

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

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

property

leasehold

Equipment

£

£

£

COST OR VALUATION

At 6 September 2024

-

350,984

160,799

Additions

205,187

94,472

21,610

Disposals

-

-

-

Revaluations

54,813

244,544

-

At 5 September 2025

260,000

690,000

182,409

DEPRECIATION

At 6 September 2024

-

28,079

39,995

Charge for year

-

-

22,179

Eliminated on disposal

-

-

-

Charge written back

-

(28,079

)

-

At 5 September 2025

-

-

62,174

NET BOOK VALUE

At 5 September 2025

260,000

690,000

120,235

At 5 September 2024

-

322,905

120,804

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 6 September 2024

171,726

4,500

25,991

714,000

Additions

23,079

-

9,998

354,346

Disposals

(39,637

)

-

-

(39,637

)

Revaluations

-

-

-

299,357

At 5 September 2025

155,168

4,500

35,989

1,328,066

DEPRECIATION

At 6 September 2024

40,205

1,125

22,616

132,020

Charge for year

23,276

1,125

8,374

54,954

Eliminated on disposal

(5,946

)

-

-

(5,946

)

Charge written back

-

-

-

(28,079

)

At 5 September 2025

57,535

2,250

30,990

152,949

NET BOOK VALUE

At 5 September 2025

97,633

2,250

4,999

1,175,117

At 5 September 2024

131,521

3,375

3,375

581,980

Cost or valuation at 5 September 2025 is represented by:

Freehold

Short

property

leasehold

Equipment

£

£

£

Valuation in 2025

260,000

690,000

-

Cost

-

-

182,409

260,000

690,000

182,409

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2025

-

-

-

950,000

Cost

155,168

4,500

35,989

378,066

155,168

4,500

35,989

1,328,066

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Bonded stock

2,100

2,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,181

600

Other debtors

99,793

60,119

114,974

60,719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

38,859

-

Trade creditors

159,039

485,114

Taxation and social security

89,065

34,742

Other creditors

576,783

290,688

863,746

810,544

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

215,526

-

9.

RESERVES

Revaluation

reserve

£

Property revaluation

245,577

At 5 September 2025

245,577

10.	RELATED PARTY DISCLOSURES

Included within Other Creditors are loans from the directors to the company. At 5 September 2025, the balance on the loan from M Dawson was £260,129 (2024 £266,432) and SA Dixon £246,012 (2024 nil). These loans have no fixed term of repayment.

Included within Trade Creditors at 5 September 2025 is an amount of £46,300 (2024 £401,586) due to Windev Projects Ltd, a company wholly owned by the director SA Dixon.

Included within Other Creditors at 5 September 2025 is an amount of £31,392 due to North Coast Collective Ltd, the parent company of Beadnell Point Leisure Ltd.

Included within Other Debtors at 5 September 2025 is an amount of £99,792.51 due from The BAE Collective Ltd, another wholly owned subsidiary of Beadnell Point Leisure Ltd's parent company, North Coast Collective Ltd

During the year Beadnell Point Leisure Ltd paid £80,000 (2024 £69,135) to Windev Projects Ltd, a company controlled by the the director SA Dixon, in relation to rent for the short leasehold property.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of North Coast Collective Limited, a company under the joint control of the directors of Beadnell Point Leisure Limited, M Dawson and SA Dixon.