LEISURE FAME LIMITED


Directors	O'DELL, Mandy
	O'DELL, Rian Bradley Clayton
	ODELL, Terence William John


Company Secretary	ODELL, Terence William John


Registered Address	37 Clacton Road
	Leisurefame House
	St. Osyth
	CO16 8PA


Registered Number	01488164 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		5,096,948		4,736,892
Investment property	4		1,610,000		1,610,000
			6,706,948		6,346,892
Current assets
Stocks	5	531,506		650,244
Debtors	6	404,360		657,443
Cash at bank and on hand		3,666		37,582
		939,532		1,345,269
Creditors amounts falling due within one year	7	(565,222)		(685,827)
Net current assets (liabilities)			374,310		659,442
Total assets less current liabilities			7,081,258		7,006,334
Creditors amounts falling due after one year	8		(363,853)		(442,998)
Provisions for liabilities	9		(21,609)		(24,223)
Net assets			6,695,796		6,539,113
Capital and reserves
Called up share capital			50,000		50,000
Revaluation reserve			3,137,489		3,137,489
Profit and loss account			3,508,307		3,351,624
Shareholders' funds			6,695,796		6,539,113

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 March 2026, and are signed on its behalf by:

ODELL, Terence William John
Director
Registered Company No. 01488164

LEISURE FAME LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	20
	Office Equipment	15

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	16		16

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 February 25	4,640,000	170,322	121,847	31,453	4,963,622
Additions	377,408	1,125	-	1,410	379,943
At 31 January 26	5,017,408	171,447	121,847	32,863	5,343,565
Depreciation and impairment
At 01 February 25	-	146,578	52,931	27,221	226,730
Charge for year	-	4,975	13,784	1,128	19,887
At 31 January 26	-	151,553	66,715	28,349	246,617
Net book value
At 31 January 26	5,017,408	19,894	55,132	4,514	5,096,948
At 31 January 25	4,640,000	23,744	68,916	4,232	4,736,892

4.	Investment property


		£
	Fair value at 01 February 25	1,610,000
	At 31 January 26	1,610,000

5.	Stocks

	2026	2025
	£	£
Other stocks	531,506	650,244
Total	531,506	650,244

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	249,461	478,769
Other debtors	119,323	119,607
Prepayments and accrued income	35,576	59,067
Total	404,360	657,443

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	164,361	145,400
Bank borrowings and overdrafts	197,246	312,831
Taxation and social security	100,266	93,017
Finance lease and HP contracts	41,224	61,130
Other creditors	37,580	44,487
Accrued liabilities and deferred income	24,545	28,962
Total	565,222	685,827


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	326,329	369,974
Amounts owed to related parties	37,524	73,024
Total	363,853	442,998

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	21,609	24,223
Total	21,609	24,223