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REGISTERED NUMBER: 06155371 (England and Wales)










North Wales Amusements Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






North Wales Amusements Limited (Registered number: 06155371)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


North Wales Amusements Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr D Senior
Mrs F Senior





SECRETARY: Mr D Senior





REGISTERED OFFICE: c/o Bryn Iolo
The Village
St George
Abergele
Conwy
LL22 9BW





REGISTERED NUMBER: 06155371 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

North Wales Amusements Limited (Registered number: 06155371)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,649 201
Investment property 6 272,362 231,114
277,011 231,315

CURRENT ASSETS
Debtors 7 1,575 2,312
Cash at bank 1,749 21,254
3,324 23,566
CREDITORS
Amounts falling due within one year 8 83,132 45,452
NET CURRENT LIABILITIES (79,808 ) (21,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,203

209,429

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 50,000 50,000
Retained earnings 144,203 156,429
SHAREHOLDERS' FUNDS 197,203 209,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr D Senior - Director


North Wales Amusements Limited (Registered number: 06155371)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

North Wales Amusements 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

North Wales Amusements Limited (Registered number: 06155371)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 190,000
AMORTISATION
At 1 March 2022
and 28 February 2023 190,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 203
Additions 4,829
At 28 February 2023 5,032
DEPRECIATION
At 1 March 2022 2
Charge for year 381
At 28 February 2023 383
NET BOOK VALUE
At 28 February 2023 4,649
At 28 February 2022 201

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 231,114
Additions 41,248
At 28 February 2023 272,362
NET BOOK VALUE
At 28 February 2023 272,362
At 28 February 2022 231,114

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,575 2,312

North Wales Amusements Limited (Registered number: 06155371)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,070 6,011
Other creditors 77,062 39,441
83,132 45,452

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party lies with both directors, which in result own 100% of the share capital.