Barnsley Premier Leisure Trading Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03779648 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

BARNSLEY PREMIER LEISURE TRADING LIMITED

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A Methley

Mr N Webber

Mrs V A Mills

Mrs D Pozorski

SECRETARY:

Mr S Lodge

REGISTERED OFFICE:

Metrodome Leisure Complex

Queens Ground

Queens Road

Barnsley

South Yorkshire

S71 1AN

REGISTERED NUMBER:

03779648 (England and Wales)

AUDITORS:

Gibson Booth Limited

Statutory Auditor

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Barclays Bank

10-18 Queens Street

Unit 2

Barnsley

S70 1SJ

SOLICITORS:

MKB Solicitors LLP

1-11 Huddersfield Road

Barnsley

South Yorkshire

S70 2LP

CURRENT ASSETS

Stocks

5

116,388

77,268

Debtors

6

171,448

123,516

Cash at bank and in hand

66,949

53,458

354,785

254,242

CREDITORS

Amounts falling due within one year

7

316,903

421,698

NET CURRENT ASSETS/(LIABILITIES)

37,882

(167,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,882

(167,456

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

37,881

(167,457

)

SHAREHOLDERS' FUNDS

37,882

(167,456

)

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 Board of Directors and authorised for issue on 2 December 2022 and were signed on its behalf by:

Mrs V A Mills - Director

1.	STATUTORY INFORMATION

Barnsley Premier Leisure Trading 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.

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

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

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a 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 the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from Rents/lettings and Entrance fees/charges is recognised when the company is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

- 33% on cost

Fixtures and fittings

- 20% on cost

Fixtures and fittings

- 25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it liabilities.

Revenue grants

Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2021

27,890

10,690

38,580

Disposals

(9,000

)

-

(9,000

)

At 31 March 2022

18,890

10,690

29,580

DEPRECIATION

At 1 April 2021

27,890

10,690

38,580

Eliminated on disposal

(9,000

)

-

(9,000

)

At 31 March 2022

18,890

10,690

29,580

NET BOOK VALUE

At 31 March 2022

-

-

-

At 31 March 2021

-

-

-

5.

STOCKS

31.3.22

31.3.21

£

£

Stocks

116,388

77,268

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

168,621

20,074

Other debtors

-

2,688

Prepayments and accrued income

2,827

100,754

171,448

123,516

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

33,921

2,359

Amounts owed to group undertakings

159,317

359,801

Accruals and deferred income

123,665

59,538

316,903

421,698

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Scott Mell FCA (Senior Statutory Auditor)

for and on behalf of Gibson Booth Limited

10.	RELATED PARTY DISCLOSURES

An accrual has been made for services rendered and chargeable to Barnsley Premier Leisure Trading Limited by Mr N Webber, an individual with significant influence, for £1,872 in respect of consultancy services provided. Services rendered were also accrued to the value of £1,872 in 2021. At the year end, £1,872 was owed to Mr N Webber (2021: £1,872).

Mrs D Pozorski received £6,000 (2021: £6,000) in respect of fees for being the Chair of Barnsley Premier Leisure Trading Limited.

Amounts owed to group undertakings (note 8) primarily consists of goods and services paid by the Trust on the Trading company's behalf and cash transferred to the Trading company by the Trust to assist in servicing working capital. The balance is stated at cost and is not subject to the charging of interest at market rate or any other agreed rate.

11.	CONTROLLING PARTY

The parent undertaking is Barnsley Premier Leisure.

The parent company's registered office address is:

The Metrodome Leisure Complex

Queens Road

Queens Ground

Barnsley

S71 1AN