| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 25 March 2025 |
| for |
| Callaly Leisure Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 25 March 2025 |
| for |
| Callaly Leisure Limited |
| Callaly Leisure Limited (Registered number: 05658646) |
| Contents of the Financial Statements |
| for the Year Ended 25 March 2025 |
| Page |
| Company Information | 1 |
| Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Callaly Leisure Limited |
| Company Information |
| for the Year Ended 25 March 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 87 Station Road |
| Ashington |
| Northumberland |
| NE63 8RS |
| Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Callaly Leisure Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Callaly Leisure Limited for the year ended 25 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| This report is made solely to the director of Callaly Leisure Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Callaly Leisure Limited and state those matters that we have agreed to state to the director of Callaly Leisure Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Callaly Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Callaly Leisure Limited. You consider that Callaly Leisure Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Callaly Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 87 Station Road |
| Ashington |
| Northumberland |
| NE63 8RS |
| Callaly Leisure Limited (Registered number: 05658646) |
| Balance Sheet |
| 25 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| Callaly Leisure Limited (Registered number: 05658646) |
| Balance Sheet - continued |
| 25 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 11 |
| 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 were approved by the director and authorised for issue on |
| Callaly Leisure Limited (Registered number: 05658646) |
| Notes to the Financial Statements |
| for the Year Ended 25 March 2025 |
| 1. | STATUTORY INFORMATION |
| Callaly Leisure Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover is recognised on time accrued basis for site fees and for sale of goods when delivered and legal title has passed. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Hire Caravans | - |
| Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. |
| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost includes all costs of purchases and other costs incurred in bringing the stock to its present condition. |
| Callaly Leisure Limited (Registered number: 05658646) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Trade and other debtors |
| Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscovered amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortized cost, net of impairment. |
| Trade and other creditors |
| Trade and other creditors are initially recognized at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Callaly Leisure Limited (Registered number: 05658646) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25 March 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 26 March 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 25 March 2025 |
| DEPRECIATION |
| At 26 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 25 March 2025 |
| NET BOOK VALUE |
| At 25 March 2025 |
| At 25 March 2024 |
| Motor | Hire |
| vehicles | Caravans | Totals |
| £ | £ | £ |
| COST |
| At 26 March 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 25 March 2025 |
| DEPRECIATION |
| At 26 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 25 March 2025 |
| NET BOOK VALUE |
| At 25 March 2025 |
| At 25 March 2024 |
| Callaly Leisure Limited (Registered number: 05658646) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25 March 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Included in the above assets are assets held under HP, Motor Vehicle with NBV of £78,518 and Plant & Machinery assets with NBV of £24,943 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 26 March 2024 |
| Additions |
| At 25 March 2025 |
| NET BOOK VALUE |
| At 25 March 2025 |
| At 25 March 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| 7. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by associates |
| Other debtors | 11,237 | 10,986 |
| Staff Loan | 424,494 | 14,400 |
| Directors' current accounts | 620,654 | 703,955 |
| Social security and other tax |
| VAT |
| Prepayments |
| Amounts falling due after more than one year: |
| Social security and other tax |
| Aggregate amounts |
| Callaly Leisure Limited (Registered number: 05658646) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25 March 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Pension | 169 | 169 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts | 721 | 29,983 |
| The hire purchase contracts are secured on the assets concerned. |
| Bank Loans are secured against the freehold land and buildings. |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 26 March 2024 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 25 March 2025 |
| Callaly Leisure Limited (Registered number: 05658646) |
| Notes to the Financial Statements - continued |
| for the Year Ended 25 March 2025 |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 25 March 2025 and 25 March 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |