Company Registration No. 02543667 (England and Wales)
Pleasure & Leisure Corporation Ltd
Unaudited accounts
for the year ended 31 March 2026
Pleasure & Leisure Corporation Ltd
Unaudited accounts
Contents
Pleasure & Leisure Corporation Ltd
Company Information
for the year ended 31 March 2026
Directors
ATB Jones
Mrs AK Jones
JJ Jones
AJ Jones
GC Jones
Company Number
02543667 (England and Wales)
Registered Office
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
Accountants
Keymer Haslam & Co
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
Pleasure & Leisure Corporation Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
8,745,061
9,064,318
Cash at bank and in hand
110,181
111,255
Creditors: amounts falling due within one year
(1,177,216)
(996,502)
Net current liabilities
(908,970)
(675,501)
Total assets less current liabilities
7,836,091
8,388,819
Creditors: amounts falling due after more than one year
(381,976)
(234,045)
Net assets
7,454,115
8,154,774
Called up share capital
4,246,902
4,246,902
Revaluation reserve
1,940,755
2,140,824
Profit and loss account
1,266,458
1,767,048
Shareholders' funds
7,454,115
8,154,774
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by
ATB Jones
Director
Company Registration No. 02543667
Pleasure & Leisure Corporation Ltd
Notes to the Accounts
for the year ended 31 March 2026
Pleasure & Leisure Corporation Ltd is a private company, limited by shares, registered in England and Wales, registration number 02543667. The registered office is 4/6 Church Road, Burgess Hill, West Sussex, RH15 9AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line/over life of lease
Plant & machinery
10% or 5% written down value or 20% or 16.67% on cost
Motor vehicles
25% written down value
Fixtures & fittings
10% written down value
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pleasure & Leisure Corporation Ltd
Notes to the Accounts
for the year ended 31 March 2026
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at fair value.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
5,893,686
10,779,307
86,130
1,297,160
18,056,283
Additions
-
565,358
-
-
565,358
Disposals
(20,000)
(603,690)
(20,970)
-
(644,660)
At 31 March 2026
5,873,686
10,740,975
65,160
1,297,160
17,976,981
At 1 April 2025
1,438,640
6,358,470
35,775
1,159,080
8,991,965
Charge for the year
57,782
263,086
11,880
27,616
360,364
On disposals
-
(102,272)
(18,137)
-
(120,409)
At 31 March 2026
1,496,422
6,519,284
29,518
1,186,696
9,231,920
At 31 March 2026
4,377,264
4,221,691
35,642
110,464
8,745,061
At 31 March 2025
4,455,046
4,420,837
50,355
138,080
9,064,318
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Investments
Subsidiary undertakings
Valuation at 1 April 2025
2
Valuation at 31 March 2026
-
Pleasure & Leisure Corporation Ltd
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Trade debtors
13,194
9,751
Accrued income and prepayments
15,637
46,257
Other debtors
32,958
32,958
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Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
645,808
607,570
Obligations under finance leases and hire purchase contracts
165,512
88,068
Trade creditors
160,803
127,298
Taxes and social security
37,910
44,139
Loans from directors
144,113
106,357
8
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
342,984
152,497
9
Transactions with related parties
At 31 March 2026 the company owed its directors £144,113 (2025 £106,357) and this is included in creditors.
10
Average number of employees
During the year the average number of employees was 101 (2025: 98).