Silcock Leisure Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Silcock Leisure Group Limited , (Registered number - 1949537 ), is a company limited by shares.

The company is incorporated in England & Wales.

The Registered Office is Pier Forecourt, Promenade, Southport, PR8 1QX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling (£)

2.2. Turnover

Turnover represents the invoiced value, net of Value Added Tax, of goods sold and services provided to customers. For arcade income , revenue is recognised on receipt of the cash into the machines, net of amounts paid out as prizes. For other sales, revenue is recognised on delivery of the goods or performance of the service.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write down the cost of fixed assets, less their estimated residual value, over their expected useful lives. The rates generally applicable are shown below.

Properties are subject to a policy of regular maintenance or repair and the residual value at the end of the remaining useful life to the company will be such that any diminution in value would be insignificant.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The depreciation rates generally applicable are:

Freehold	2%
Leasehold	2%
Plant & Machinery	10-25%
Motor Vehicles	25%
Fixtures & Fittings	10-25%

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Silcock Leisure Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

During the year, the average number of people employed was 18 (2025: 18)

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Silcock Leisure Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2025	100,000

As at 28 February 2026	100,000

Amortisation
As at 1 March 2025	100,000

As at 28 February 2026	100,000

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	-

This represents the goodwill arising on the purchase of the Sovereign Amusement Arcade. In the opinion of the directors the economic useful life of the asset is five years.

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Total
	£	£	£	£
Cost
As at 1 March 2025	2,513,143	1,179,714	1,050,617	4,743,474
Additions	-	-	56,530	56,530

As at 28 February 2026	2,513,143	1,179,714	1,107,147	4,800,004

Depreciation
As at 1 March 2025	-	-	693,440	693,440
Provided during the period	-	-	175,040	175,040

As at 28 February 2026	-	-	868,480	868,480

Net Book Value
As at 28 February 2026	2,513,143	1,179,714	238,667	3,931,524

As at 1 March 2025	2,513,143	1,179,714	357,177	4,050,034

There is no deprecation charge on the cost of property, because the directors consider that, due to maintenance and repairs carried out regularly, the residual value at the end of the remaining useful life will be such that any diminution in value would not be material.

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Silcock Leisure Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	83,501	37,866

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	64,949	122,867
Bank loans and overdrafts	175,364	169,083
Corporation tax	-	808
Other taxes and social security	55,915	34,243
Other creditors	272,374	207,610
Directors' loan accounts	150,195	212,146
Amounts owed to related parties	465,093	248,677

	1,183,890	995,434

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans - secured	155,459	337,104

9. Deferred Taxation

This provision for deferred tax relates to:

	2026	2025
	£	£
Accelerated capital allowances	5,000	5,000

10. Pension Commitments

The company operates two defined contribution pension schemes for the benfit of the employess and the directors

The assets of the schemes are help seperately from those of the company in independently administered funds

The employee scheme is administered by Now Pensions. There is also a small self administered scheme for the directors.

11. Operating Leases

The company has commitments under operating leases relating to land and buildings.

The annual commitment is £110,000. (2025 - £110,000).

At 28 February 2026, the total commitment over the remaining life of the leases was £545,000. (2025 - £632,000)

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		3,931,524		4,050,034

			3,931,524		4,050,034
CURRENT ASSETS
Stocks		27,458		37,349
Debtors	6	83,501		37,866
Cash at bank and in hand		652,344		616,685

		763,303		691,900
Creditors: Amounts Falling Due Within One Year	7	(1,183,890 )		(995,434 )

NET CURRENT ASSETS (LIABILITIES)			(420,587 )		(303,534 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,510,937		3,746,500

Creditors: Amounts Falling Due After More Than One Year	8		(155,459 )		(337,104 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(5,000 )		(5,000 )

NET ASSETS			3,350,478		3,404,396

CAPITAL AND RESERVES
Called up share capital			250,000		250,000
Profit and Loss Account			3,100,478		3,154,396

SHAREHOLDERS' FUNDS			3,350,478		3,404,396