LMJ Leisure Limited Filleted accounts for Companies House (small and micro)

LMJ LEISURE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11830643

LMJ Leisure Limited

Filleted unaudited financial statements

31 March 2021

LMJ Leisure Limited

Statement of financial position

31 March 2021

	2021		2020
Note	£	£	£	£

Fixed assets

Tangible assets	5		420,806		456,567

Current assets

Debtors	6	16,041	91,971
Cash at bank and in hand		6,365	25,446
		-------	---------
		22,406	117,417

Creditors: amounts falling due within one year	7	430,934		555,488
		---------		---------
Net current liabilities			408,528		438,071
			---------		---------
Total assets less current liabilities			12,278		18,496
			-------		-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	12,178	18,396
	-------	-------
Shareholders funds	12,278	18,496
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 December 2021 , and are signed on behalf of the board by:

M Manson
Director

Company registration number: 11830643

LMJ Leisure Limited

Notes to the financial statements

year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gresham House, 5-7 St Pauls Street, Leeds, LS1 2JG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The Covid-19 pandemic had a significant impact on the company's operations as a result of the first lockdown in March 2020, however, the Director took early steps to mitigate the impact on the operations and results by identifying cost savings and utilising Government assistance where appropriate. The Director is aware that if the current situation becomes prolonged then the impact on the business may increase. Having regard to the above, the directors believe it appropriate to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10 years straight line
Plant and machinery	-	10 years straight line
Equipment	-	3 years straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2020: 19 ).

5. Tangible assets

Freehold property	Plant and machinery	Equipment	Total
£	£	£	£

Cost
At 1 April 2020	7,388	461,326	3,164	471,878
Additions	–	299	–	299
	------	---------	------	---------
At 31 March 2021	7,388	461,625	3,164	472,177
	------	---------	------	---------
Depreciation
At 1 April 2020	327	14,644	340	15,311
Charge for the year	739	34,266	1,055	36,060
	------	---------	------	---------
At 31 March 2021	1,066	48,910	1,395	51,371
	------	---------	------	---------
Carrying amount
At 31 March 2021	6,322	412,715	1,769	420,806
	------	---------	------	---------
At 31 March 2020	7,061	446,682	2,824	456,567
	------	---------	------	---------

6. Debtors

	2021	2020
	£	£

Other debtors	16,041	91,971
	-------	-------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£

Trade creditors	1,633	642
Social security and other taxes	791	588
Director loan accounts	428,510	554,258
	---------	---------
	430,934	555,488
	---------	---------