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REGISTERED NUMBER: 07937591 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Euro Attractions Limited

Euro Attractions Limited (Registered number: 07937591)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Euro Attractions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr P J Sedgwick





SECRETARY: Mrs S Sedgwick





REGISTERED OFFICE: Empress Buildings
97 Church Street
Blackpool
Lancashire
FY1 1HU





REGISTERED NUMBER: 07937591 (England and Wales)





AUDITORS: Ashworth Treasure Limited
Statutory Auditors
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Euro Attractions Limited (Registered number: 07937591)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,719,552 1,660,695

CURRENT ASSETS
Debtors 497,111 438,522
Cash at bank and in hand 23,266 30,809
520,377 469,331
CREDITORS
Amounts falling due within one year 691,287 505,272
NET CURRENT LIABILITIES (170,910 ) (35,941 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,548,642

1,624,754

PROVISIONS FOR LIABILITIES 305,298 301,463
NET ASSETS 1,243,344 1,323,291

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,243,343 1,323,290
SHAREHOLDERS' FUNDS 1,243,344 1,323,291

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





Mr P J Sedgwick - Director


Euro Attractions Limited (Registered number: 07937591)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Euro Attractions 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance, 10% on reducing balance and 5% on reducing balance

Fixed assets are stated at cost or revaluation, net of depreciation and any provision for impairment.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Euro Attractions Limited (Registered number: 07937591)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Contingent liabilities
A contingent liability is either a possible but uncertain obligation or a present obligation that is not recognised because a transfer of economic benefits is not probable. A contingent liability also arises if a present obligation exists but the amount required to settle it cannot be reliably estimated.

Contingent liabilities are not recoginsed unless they have arisen in a business combination. They are disclosed unless the possibility of an outflow of resources is remote.

When an entity is jointly and severally liable for an obligation, the part of the obligation that is expected to be met by other parties is treated as a contingent liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 2,252,828
Additions 208,804
At 31 December 2023 2,461,632
DEPRECIATION
At 1 January 2023 592,133
Charge for year 149,947
At 31 December 2023 742,080
NET BOOK VALUE
At 31 December 2023 1,719,552
At 31 December 2022 1,660,695

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 2,825 70,461

Liabilities under hire purchase contracts are secured against the assets to which they relate.

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

The Report of the Auditors was unqualified.

Victoria Reynolds (Senior Statutory Auditor)
for and on behalf of Ashworth Treasure Limited

7. CONTINGENT LIABILITIES

The company provided security in respect of a loan to North West Adrenaline Zone Limited. At the balance sheet date there was a potential contingent liability of £400,000 (2022 : £nil). The loan is secured against the assets to which it relates.

A cross group guarantee is in place for bank loans and some hire purchase agreements secured against the above assets.The total indebtness of other group companies was £5,281,471.

Euro Attractions Limited (Registered number: 07937591)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

The following balances are included in debtors and relate to amounts loaned to other entities under common control:
2023 2022
£    £   
Happy Haddock Ltd - 94,261
North West Adrenaline Zone Ltd 186,853 110,659
Crane Hall Fishery 216,512 122,212

Amounts written off related party debtors totalled £94,261 (2022: £Nil).

9. ULTIMATE PARENT UNDERTAKING

Euro Attractions Limited is a wholly owned subsidiary of The Blackpool Pier Company Limited, Empress
Buildings, 97 Church Street, Blackpool, England, FY1 1HU. This is the ultimate parent company for which group
accounts are drawn up.