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REGISTERED NUMBER: 03494275 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Wilkie Leisure Group Limited

Wilkie Leisure Group Limited (Registered number: 03494275)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Wilkie Leisure Group Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D W Wilkie
Mrs J Wilkie





SECRETARY: Mrs J Wilkie





REGISTERED OFFICE: The New Palace
Marine Promenade
New Brighton
Wirral
CH45 2JX





REGISTERED NUMBER: 03494275 (England and Wales)





ACCOUNTANTS: Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE

Wilkie Leisure Group Limited (Registered number: 03494275)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,550 1,700
Tangible assets 5 1,691,505 1,707,355
Investments 6 15,564 15,564
1,708,619 1,724,619

CURRENT ASSETS
Stocks 18,851 21,185
Debtors 7 687,648 699,196
Cash at bank and in hand 443,543 183,116
1,150,042 903,497
CREDITORS
Amounts falling due within one year 8 355,363 325,414
NET CURRENT ASSETS 794,679 578,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,503,298

2,302,702

CREDITORS
Amounts falling due after more than one
year

9

(699,537

)

(538,565

)

PROVISIONS FOR LIABILITIES (132,517 ) (134,301 )
NET ASSETS 1,671,244 1,629,836

CAPITAL AND RESERVES
Called up share capital 4,074 4,074
Share premium 11 57,945 57,945
Non distributable reserve 11 816,274 820,084
Retained earnings 11 792,951 747,733
SHAREHOLDERS' FUNDS 1,671,244 1,629,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Wilkie Leisure Group Limited (Registered number: 03494275)

Balance Sheet - continued
30 September 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





D W Wilkie - Director


Wilkie Leisure Group Limited (Registered number: 03494275)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Wilkie Leisure Group 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of two years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

Wilkie Leisure Group Limited (Registered number: 03494275)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022 2,550
Additions 2,250
At 30 September 2023 4,800
AMORTISATION
At 1 October 2022 850
Charge for year 2,400
At 30 September 2023 3,250
NET BOOK VALUE
At 30 September 2023 1,550
At 30 September 2022 1,700

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 1,615,000 552,066 2,167,066
Additions - 34,796 34,796
Disposals - (9,337 ) (9,337 )
At 30 September 2023 1,615,000 577,525 2,192,525
DEPRECIATION
At 1 October 2022 38,763 420,948 459,711
Charge for year 6,460 34,849 41,309
At 30 September 2023 45,223 455,797 501,020
NET BOOK VALUE
At 30 September 2023 1,569,777 121,728 1,691,505
At 30 September 2022 1,576,237 131,118 1,707,355

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 1,287,333 - 1,287,333
Valuation in 2016 (335,000 ) - (335,000 )
Cost 662,667 577,525 1,240,192
1,615,000 577,525 2,192,525

Wilkie Leisure Group Limited (Registered number: 03494275)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 662,667 662,667
Aggregate depreciation 5,302 5,302

Value of land in freehold land and buildings 530,133 530,133

Freehold land and buildings were valued on an open market basis on 15 December 2016 by CB Richard Ellis Limited .

6. FIXED ASSET INVESTMENTS

The company owns 73% of the issued share capital of George Wilkie & Company (Wallasey) Limited (dormant) and 78% of the issued share capital of West Coast Amusements Limited (dormant).

George Wilkie & Co Wallasey Limited (dormant) owns 100% of the issued equity share capital of Merseyside Entertainments Limited (dormant) which is registered in England and Wales.

7. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Other debtors 29,200 51,162
Directors' current accounts 445,128 491,218
Prepayments 86,962 11,550
561,290 553,930

Amounts falling due after more than one year:
S455 Tax 126,358 145,266

Aggregate amounts 687,648 699,196

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 67,593 57,630
Trade creditors 97,640 51,134
Amounts owed to group undertakings 48,610 48,610
Amounts owed to participating interests 100 100
Taxation and social security 89,666 142,603
Other creditors 51,754 25,337
355,363 325,414

Wilkie Leisure Group Limited (Registered number: 03494275)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 574,537 413,565
Other creditors 125,000 125,000
699,537 538,565

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 304,166 183,045
Preference shares 125,000 125,000
429,166 308,045

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 642,130 471,195

The bank loans and overdraft are secured by a legal charge over the New Palace Amusement Park, New Brighton dated 31 July 2008, a legal charge on a life insurance policy on the life of DW Wilkie and a £100,000 personal guarantee. There is also a cross guarantee and debenture dated 5 February 2008 between Wilkie Leisure Group Limited and George Wilkie & Co (Wallasey) Limited.

11. RESERVES
Non
Retained Share distributable
earnings premium reserve Totals
£    £    £    £   

At 1 October 2022 747,733 57,945 820,084 1,625,762
Profit for the year 107,408 107,408
Dividends (66,000 ) (66,000 )
Reallocation of reserves 3,810 - (3,810 ) -
At 30 September 2023 792,951 57,945 816,274 1,667,170

The non distributable reserve represents unrealised gains on the property revaluation.

Wilkie Leisure Group Limited (Registered number: 03494275)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
D W Wilkie and Mrs J Wilkie
Balance outstanding at start of year 491,218 435,197
Amounts advanced 19,909 60,021
Amounts repaid (66,000 ) (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 445,127 491,218

The directors' loan is unsecured, interest free and repayable on demand.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wilkie Leisure Group Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Wilkie Leisure Group Limited for the year ended 30 September 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wilkie Leisure Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wilkie Leisure Group Limited and state those matters that we have agreed to state to the Board of Directors of Wilkie Leisure Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wilkie Leisure Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wilkie Leisure Group 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 profit of Wilkie Leisure Group Limited. You consider that Wilkie Leisure Group 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 Wilkie Leisure Group 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.






Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE


19 March 2024