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Registered number: 07192169
Forest Leisure Cycling Burley Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/01/2026
Prepared By:
Marie-Anne Rose Ltd
Chartered Accountants
Bay Tree Cottage
Crabbswood Lane
Sway
Hampshire
SO41 6EQ
Forest Leisure Cycling Burley Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/01/2026
DIRECTORS
Mr T Farrell
REGISTERED OFFICE
56 High Street
Lyndhurst
Hampshire
SO43 7BG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07192169
ACCOUNTANTS
Marie-Anne Rose Ltd
Chartered Accountants
Bay Tree Cottage
Crabbswood Lane
Sway
Hampshire
SO41 6EQ
Forest Leisure Cycling Burley Ltd
ACCOUNTS
FOR THEYEARENDED31/01/2026
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Forest Leisure Cycling Burley Ltd
BALANCE SHEET AT 31/01/2026
20262025
Notes££
FIXED ASSETS
Tangible assets317,23014,270
CURRENT ASSETS
Stock250,581241,197
Debtors512,0679,963
Cash at bank and in hand60,35477,485
323,002328,645
CREDITORS: Amounts falling due within one year6110,78684,980
NET CURRENT ASSETS212,216243,665
TOTAL ASSETS LESS CURRENT LIABILITIES229,446257,935
CREDITORS: Amounts falling due after more than one year7-4,843
PROVISIONS FOR LIABILITIES AND CHARGES93,2742,835
NET ASSETS226,172250,257
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account226,072250,157
SHAREHOLDERS' FUNDS226,172250,257
For the year ending 31/01/2026 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/10/2026 and signed on their behalf by
.............................
Mr T Farrell
Director
Forest Leisure Cycling Burley Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 15%
1c. Stocks
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.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
Forest Leisure Cycling Burley Ltd
1g. Leasing Commitments
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives.
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. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/02/2025200,000200,000
At 31/01/2026200,000200,000
Depreciation
At 01/02/2025200,000200,000
At 31/01/2026200,000200,000
Net Book Amounts
At 31/01/2026--
3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/02/20259,0283,52419,13631,688
Additions--6,1896,189
At 31/01/20269,0283,52425,32537,877
Depreciation
At 01/02/20257,4221,2648,73217,418
For the year4013392,4893,229
At 31/01/20267,8231,60311,22120,647
Net Book Amounts
At 31/01/20261,2051,92114,10417,230
At 31/01/20251,6062,26010,40414,270
4. STOCK 20262025
££
Stock comprises:
Stock250,581241,197
250,581241,197
Forest Leisure Cycling Burley Ltd
5. DEBTORS 20262025
££
Amounts falling due within one year
Trade debtors-1,489
Prepayments12,0678,474
12,0679,963
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
UK corporation tax3,30512,175
Other tax47,11116,349
Bank Loan4,41410,000
Trade creditors50,06140,998
Other creditors1,1952,958
Accruals4,7002,500
110,78684,980
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20262025
££
Bank loans (unsecured) >1yr-4,843
-4,843
8. EMPLOYEES
20262025
No.No.
Average number of employees2126
Forest Leisure Cycling Burley Ltd
9. PROVISIONS FOR LIABILITIES 20262025
££
Deferred taxation3,2742,835
3,2742,835
10. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. OTHER FINANCIAL COMMITMENTS
At 31/01/2026 the company was committed to making the following payments under non-cancellable operating leases:
20262025
££
Operating Leases which expire:
Within one year7,1177,117
Within two to five years23,59126,379
After 5 years7225,052
12. DEMERGER ASSETS AND LIABILITIES
Assets£
Plant and equipment33,739
Stock171,056
Trade debtors8,575
Cash41,280
Liabilities
Loan19,767
Director's loan418
Deferred tax7,625
Forest Leisure Cycling Burley Ltd
13. STATUTORY DEMERGER
The company operated from branches in Burley (principally involved in cycle hire) and Lyndhurst (principally involved in retail). The directors agreed that it would be in the best interest of each trade if Burley were to be demerged into a new entity under the sole control of Jon Evans and the Lyndhurst branch retained in Forest Leisure Cycling Burley Ltd under the sole ownership of Tom Farrell.
An assessment was undertaken by Saffery LLP and clearance was sought and obtained from HMRC confirming that the demerger is an exempt distribution in accordance with s1077 CTA 2010 and satisfies the conditions of s1081 and 1083 CTA 2010. The assets and liabilities transferred in the demergr distribution are shown in a separate note.
The demerger took place on 4 December 2024.