Barnsley Premier Leisure Trading Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03779648 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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

Ms K Dawson

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

141,028

116,388

Debtors

6

114,573

171,448

Cash at bank and in hand

129,367

66,949

384,968

354,785

CREDITORS

Amounts falling due within one year

7

346,690

316,903

NET CURRENT ASSETS

38,278

37,882

TOTAL ASSETS LESS CURRENT LIABILITIES

38,278

37,882

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

38,277

37,881

SHAREHOLDERS' FUNDS

38,278

37,882

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 15 November 2023 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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

18,890

10,690

29,580

DEPRECIATION

At 1 April 2022

and 31 March 2023

18,890

10,690

29,580

NET BOOK VALUE

At 31 March 2023

-

-

-

At 31 March 2022

-

-

-

5.

STOCKS

31.3.23

31.3.22

£

£

Stocks

141,028

116,388

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

73,999

168,621

Other debtors

75

-

Prepayments and accrued income

40,499

2,827

114,573

171,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

104,609

33,921

Amounts owed to group undertakings

119,836

159,317

Other creditors

7,870

-

Accruals and deferred income

114,375

123,665

346,690

316,903

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

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

Mr N Webber received £2,500 (2022: £nil) in respect of consultancy fees for Barnsley Premier Leisure Trading Limited. At the year end, £nil was owed to Mr N Webber (2022: £1,872).

Mrs D Pozorski received £6,330 (2022: £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