REGISTERED NUMBER: 02674388 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SPRINGCHOICE LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Palmer

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

02674388 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Investment property

4

1,769,540

1,769,540

CURRENT ASSETS

Debtors

5

11,098

34,444

CREDITORS

Amounts falling due within one year

6

665,248

669,841

NET CURRENT LIABILITIES

(654,150

)

(635,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,115,390

1,134,143

CREDITORS

Amounts falling due after more than one year

7

1,700,000

1,800,000

NET LIABILITIES

(584,610

)

(665,857

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Other reserves

(1,382,071

)

(1,382,071

)

Retained earnings

797,459

716,212

SHAREHOLDERS' FUNDS

(584,610

)

(665,857

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2025 and were signed by:

C Palmer - Director

1.	STATUTORY INFORMATION

Springchoice Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

The significant judgements and estimates used in the preparation of the financial statements are:

(I) The director considers that the current carrying value of investment properties in the financial statements is a reasonable representation of its actual market value. No independent valuation was obtained at the year end.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Turnover from the rental of properties is accrued and recognised on a monthly basis as rents fall due.

Investment property

Investment properties are initially recognised in the financial statements at historic cost. In subsequent years investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The financial statements have been prepared on a going concern basis. The expected income and expenditure, together with the continued financial support of the director allows the company to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,769,540

NET BOOK VALUE

At 31 March 2025

1,769,540

At 31 March 2024

1,769,540

The investment properties have been determined by the director at the year end , based on their estimated fair value

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,341

30,440

Prepayments and accrued income

2,757

4,004

11,098

34,444

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

161

3,046

Amounts owed to group undertakings

473,900

473,900

Corporation tax

26,742

26,981

VAT

11,820

13,793

Other creditors

100,919

84,700

Directors' current accounts

50,450

66,202

Accruals and deferred income

1,256

1,219

665,248

669,841

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

1,700,000

1,800,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

Companies under common control

31.03.25

30.03.24

£

£

Amounts received from related parties

16,000

30,000

Amounts paid on behalf of related parties

1,043

1,663

Amounts owed to related parties

84,700

69,743

10.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Springchoice Holdings Limited.

The parent company's registered office address is;

12 Victoria Road

Barnsley

S70 2BB