Mardam Leisure Ltd

Contents

Statement of financial position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Mardam Leisure Ltd

(Registration number: 15351327)
Statement of financial position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	2,271	3,424
Tangible assets	5	618,510	707,716
		620,781	711,140
Current assets
Stocks	6	6,737	12,173
Debtors	7	26,747	75,337
Cash at bank and in hand		801	2,200
		34,285	89,710
Creditors: Amounts falling due within one year	8	(210,824)	(138,163)
Net current liabilities		(176,539)	(48,453)
Total assets less current liabilities		444,242	662,687
Creditors: Amounts falling due after more than one year	8	(1,003,676)	(876,555)
Net liabilities		(559,434)	(213,868)
Capital and reserves
Called up share capital	9	200	200
Retained earnings		(559,634)	(214,068)
Shareholders' deficit		(559,434)	(213,868)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Mardam Leisure Ltd

(Registration number: 15351327)
Statement of financial position as at 31 March 2026

Approved and authorised by the Board on 2 November 2026 and signed on its behalf by:
 

......................................... Mr M Devine Director

Mardam Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Pirates Bay Adventure Golf
Esplanade Road
Paignton
Devon
TQ4 6AG

These financial statements were authorised for issue by the Board on 2 November 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The directors and shareholders have expressed a willingness to support the working cashflow requirements and have agreed not to seek repayment of their loans until the company has sufficient funds to do so.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Mardam Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	Straight line over the length of the lease
Plant and machinery	20% straight line
Fixtures and fittings	10% straight line
Start up costs	33% straight line
Software and website development	33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Mardam Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2025 - 15).

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 April 2025	3,450	3,450
At 31 March 2026	3,450	3,450
Amortisation
At 1 April 2025	26	26
Amortisation charge	1,153	1,153
At 31 March 2026	1,179	1,179
Carrying amount
At 31 March 2026	2,271	2,271
At 31 March 2025	3,424	3,424

Mardam Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	533,389	20,383	192,582	746,354
Additions	-	50	1,791	1,841
At 31 March 2026	533,389	20,433	194,373	748,195
Depreciation
At 1 April 2025	18,483	946	19,209	38,638
Charge for the year	43,963	2,051	45,033	91,047
At 31 March 2026	62,446	2,997	64,242	129,685
Carrying amount
At 31 March 2026	470,943	17,436	130,131	618,510
At 31 March 2025	514,906	19,437	173,373	707,716

6

Stocks

	2026 £	2025 £
Other inventories	6,737	12,173

7

Debtors

	2026 £	2025 £
Trade debtors	8,587	31,039
Other debtors	-	2,215
Prepayments	18,160	42,083
	26,747	75,337

Mardam Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	149,545	68,539
Taxation and social security	15,752	30,355
Accruals and deferred income	10,987	10,869
Other creditors	34,540	28,400
	210,824	138,163

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	1,003,676	876,555

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	200	200	200	200

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	1,003,676	876,555

11	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £1,193,643 (2025 - £1,339,182).