Saris Leisure Group Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—8

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 February 2024	100	1,484,714	1,484,814
Loss for the year and total comprehensive income	-	(54,404 )	(54,404)

Dividends paid	-	(91,000)	(91,000)

As at 31 January 2025 and 1 February 2025	100	1,339,310	1,339,410


Profit for the year and total comprehensive income	-	102,722	102,722

Dividends paid	-	(155,000)	(155,000)

As at 31 January 2026	100	1,287,032	1,287,132

1. General Information

Saris Leisure Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01294573 . The registered office is Little Ridge Farmhouse, 551 The Ridge, St Leonards on Sea, East Sussex, TN37 7PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In the preparation of these financial statements, the directors have made judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The key areas involving significant judgement or estimation are:

Determining whether costs incurred on development projects meet the criteria for capitalisation or should be expensed.
Assessing whether any indicators of impairment exist in relation to capitalised assets and determining the appropriate write-downs where necessary.
Estimating the recoverable amount of capitalised project costs where the project is incomplete or at risk of cancellation.
Assessing useful economic lives of tangible fixed assets for depreciation purposes.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Saris Leisure Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Planning permission and architect drawing costs are recognised as intangible assets when future economic benefits are probable and cost is reliably measurable. Amortisation commences when the related development is completed and available for use, and is charged over its estimated useful economic life on a straight-line basis. The asset is reviewed for impairment whenever events indicate the carrying amount may not be recoverable.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	various straight line from 3% to 7%
Plant & Machinery	at variable rates on reducing balance
Motor Vehicles	at variable rates on reducing balance
Fixtures & Fittings	at variable rates on reducing balance

2.6. Leasing and Hire Purchase Contracts

Assets obtained under 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 the 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 as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

...CONTINUED

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Saris Leisure Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 53 (2025: 51)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	139,543
Additions	6,722

As at 31 January 2026	146,265

Net Book Value
As at 31 January 2026	146,265

As at 1 February 2025	139,543

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Saris Leisure Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 February 2025	1,248,065	1,191,930	285,216	37,019	2,762,230
Additions	2,301	72,637	-	-	74,938
Disposals	-	(34,589 )	(65,065 )	-	(99,654 )
Transfers	60,047	(23,028 )	-	(37,019 )	-

As at 31 January 2026	1,310,413	1,206,950	220,151	-	2,737,514

Depreciation
As at 1 February 2025	831,345	838,541	131,762	34,441	1,836,089
Provided during the period	9,158	69,830	26,734	-	105,722
Disposals	-	(27,382 )	(35,546 )	-	(62,928 )
Transfers	53,287	(18,846 )	-	(34,441 )	-

As at 31 January 2026	893,790	862,143	122,950	-	1,878,883

Net Book Value
As at 31 January 2026	416,623	344,807	97,201	-	858,631

As at 1 February 2025	416,720	353,389	153,454	2,578	926,141

During the year, assets with a net book value of £6,760 were reclassified from plant and machinery and fixtures and fittings to leasehold property, reflecting their evolution into a permanent part of the building structure.

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,761	4,289
Other debtors	6,628	813
Loans to employees	11,482	2,250
Prepayments	17,300	81,409
VAT	567	-

	37,738	88,761

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Saris Leisure Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	19,668	88,456
Corporation tax	49,826	762
Other taxes and social security	17,249	13,796
VAT	-	2,647
Other creditors	2,314	3,504
Accruals and deferred income	102,625	101,851

	191,682	211,016

8. Secured Creditors

Bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	42,500	42,500
Later than one year and not later than five years	170,000	170,000
Later than five years	1,303,886	1,346,357

	1,516,386	1,558,857

10. Pension Commitments

The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £nil (2025 - £10) were due to the fund. They are included in Other Creditors.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		146,265		139,543
Tangible Assets	5		858,631		926,141

			1,004,896		1,065,684
CURRENT ASSETS
Stocks		64,670		75,246
Debtors	6	37,738		88,761
Cash at bank and in hand		517,541		483,242

		619,949		647,249
Creditors: Amounts Falling Due Within One Year	7	(191,682 )		(211,016 )

NET CURRENT ASSETS (LIABILITIES)			428,267		436,233

TOTAL ASSETS LESS CURRENT LIABILITIES			1,433,163		1,501,917

PROVISIONS FOR LIABILITIES
Deferred Taxation			(146,031 )		(162,507 )

NET ASSETS			1,287,132		1,339,410

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			1,287,032		1,339,310

SHAREHOLDERS' FUNDS			1,287,132		1,339,410