ACCOUNTS - Final Accounts preparation

COMMITMENTS UNDER OPERATING LEASES

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 12900613

FUTURES LEISURE (YORKS) LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

FUTURES LEISURE (YORKS) LTD

REGISTERED NUMBER:12900613

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		-		377,045
			-		377,045
Current assets
Stocks		854		5,840
Debtors: amounts falling due within one year	6	98,101		52,879
Cash at bank and in hand	7	41,460		58,635
		140,415		117,354
Creditors: amounts falling due within one year	8	(748,505)		(685,906)
Net current liabilities			(608,090)		(568,552)
Total assets less current liabilities			(608,090)		(191,507)
Provisions for liabilities
Dilapidation provision	9	(70,000)		-
			(70,000)		-
Net liabilities			(678,090)		(191,507)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(678,092)	(191,509)
	(678,090)	(191,507)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr P B James

Director

Date: 6 October 2026

The notes on pages 2 to 10 form part of these financial statements.

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:

Unit 5 Britannia Road
Patchway

Bristol

BS34 5TA

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's previous financial statements covered the 9 month period ended 31 December 2024. Therefore the comparative results presented in these financial statements for the prior period are not entirely comparable.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

Management continually reviews the performance of the group’s sites in the UK and, as a result, this Company’s site was closed since the year-end. It is expected that the Company will be wound up and the directors therefore do not believe that the going concern basis is appropriate. Therefore these financial statements are prepared on a basis other than going concern.

Under a basis other than going concern, the Company's assets are written down to net realisable value and provision is made for any contractual commitments that have become onerous at the reporting date. Note 5 discloses the impairment charge arising from the write down of tangible fixed assets at the trading site.

2.3

REVENUE

Revenue represents amounts receivable from admission tickets, and the sale of merchandise, food and drink, and gift cards.Turnover is stated net of discounts, rebates, value added tax and other sales taxes.

Services (admission revenue)

Revenue from admission tickets is recognised as the service is provided on the day of admission to the venue. Amounts received for future bookings are deferred initially and subsequently recognised in turnover on the date of the booked visit. Non-refundable amounts relating to cancelled bookings are recognised when the Company becomes entitled to retain them.
Goods (merchandise, food and drink)
Revenue from the sale of merchandise, food and drink is recognised at the point of sale.

Gift Cards
Turnover from sales of gift cards is recognised at the earlier of point of redemption and the point of
expiry.

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.7

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-		Straight line over the life of the lease
Plant and machinery	-	20%	Straight line
Fixtures and fittings	-	20%	Straight line
Computer equipment	-	20%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

IMPAIRMENT OF FIXED ASSETS AND GOODWILL

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit (CGU) to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

2.9

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.14

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

3.	JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities within the statement of financial position and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.

Depreciation and impairment of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. As described in note 2, management also reviews fixed assets annually for indicators of impairment. Where an impairment review is required - for example, when the decision is made to close a site - then that review may result in a material impairment expense.

Provision for dilapidations costs

The Company also recognises provisions for lease dilapidations where it has obligations to restore leased properties at the end of the lease term, and the value of those obligations is material. Estimating the required provision involves judgement regarding the scope of works required, expected future costs and the timing of settlement. Actual costs incurred may differ from the estimates used.

EMPLOYEES

The average monthly number of employees, including directors, during the 12 month period was 33 (2024:43).

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

5.	TANGIBLE FIXED ASSETS

	Long-term leasehold property	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
COST
At 1 January 2025	118,951	390,295	52,826	13,556	575,628
Additions	-	-	3,745	1,280	5,025
At 31 December 2025	118,951	390,295	56,571	14,836	580,653
DEPRECIATION AND IMPAIRMENT
At 1 January 2025	14,168	157,630	20,118	6,667	198,583
Charge for the 12 month period on owned assets	20,281	77,977	10,732	2,879	111,869
Impairment charge	84,502	154,688	25,721	5,290	270,201
At 31 December 2025	118,951	390,295	56,571	14,836	580,653
NET BOOK VALUE
At 31 December 2025	-	-	-	-	-
At 31 December 2024	104,783	232,665	32,708	6,889	377,045

Following a review of the performance of the group’s sites in the UK, this Company’s site was closed since the year-end. The impairment charge above reflects the write down of the related assets at that site.

DEBTORS

					2025	2024
					£	£


Trade debtors	1,641	3,872
Other debtors	18,625	240
Prepayments and accrued income	77,835	48,767
	98,101	52,879

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

7.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	41,460	58,635
	41,460	58,635

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	16,804	92,670
Amounts owed to group undertakings	709,890	501,747
Other taxation and social security	-	15,617
Other creditors	2,391	33,057
Accruals and deferred income	19,420	42,815
	748,505	685,906

Amounts owed to group undertakings are repayable on demand and interest free. No security has been provided in respect of these amounts.

9.	PROVISIONS

		Dilapidation provision
		£

	Charged to profit or loss	70,000
	AT 31 DECEMBER 2025	70,000

A provision has been recognised for the estimated cost of restoring the company's leased property to the condition required under the terms of the lease. The provision represents management’s best estimate of the expenditure required to settle the obligation at the reporting date.

10.	PENSION COMMITMENTS

During the year, the Company operated a defined contribution pension scheme through an external provider. Employer contributions to the scheme for the year totalled £3,434 (2024: £1,927). Accrued pension contributions outstanding at the balance date totalled £NIL (2024: £604).

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

Not later than 1 year	105,000	180,000
Later than 1 year and not later than 5 years	-	720,000
Later than 5 years	-	300,000
	105,000	1,200,000

The company served notice on its site lease after the year-end.

12.	RELATED PARTY TRANSACTIONS
	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.

13.	POST BALANCE SHEET EVENTS

Subsequent to the year end, and as described further elsewhere in the notes the financial statements, the Company ceased trading at its indoor activity park and the site was closed.

14.	CONTROLLING PARTY

The controlling party is Future Leisure Group Holding Limited, a company registered in the UK.

The ultimate controlling party is Activeon AS.

The parent of the smallest and largest group for which consolidated financial statements are drawn up of which this Company is a member is Activeon AS, a company registered in Norway.

The registered office of the parent is Vollsveien 2a, 1366 Lysaker, Norway.

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FUTURES LEISURE (YORKS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2025

15.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the 12 month period ended 31 December 2025 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

EMPHASIS OF MATTER - FINANCIAL STATEMENTS PREPARED ON A BASIS OTHER THAN AS A GOING CONCERN

We draw attention to note 2.2 and 13 to the financial statements which explains that the directors have ceased the trade of the Company and intend that the company will be wound up in due course and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than as a going concern as described in note 2.2. Our opinion is not modified in respect of this matter.

The audit report was signed on 6 October 2026 by Stuart Crisp BSc FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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