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REGISTERED NUMBER: 03986248 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WATER PARK LIMITED

WATER PARK LIMITED (REGISTERED NUMBER: 03986248)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WATER PARK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J P Hartley
A Wright
E Goldthorpe



REGISTERED OFFICE: Sceptre House
Sceptre Way
Bamber Bridge
Preston
Lancashire
PR5 6AW



REGISTERED NUMBER: 03986248 (England and Wales)



AUDITORS: Fairhurst
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Royal Bank of Scotland
NOE Corporate Banking Centre 1
Ashton House
PO Box 666
Waterloo Street
Bolton
BL1 8FH

WATER PARK LIMITED (REGISTERED NUMBER: 03986248)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,094 126,691

CURRENT ASSETS
Debtors 5 238,504 253,139
Cash at bank 126,175 120,020
364,679 373,159
CREDITORS
Amounts falling due within one year 6 243,834 169,582
NET CURRENT ASSETS 120,845 203,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,939

330,268

PROVISIONS FOR LIABILITIES 8 236,938 330,267
NET ASSETS 1 1

CAPITAL AND RESERVES
Called up share capital 9 1 1
SHAREHOLDERS' FUNDS 1 1

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 6 September 2024 and were signed on its behalf by:





J P Hartley - Director


WATER PARK LIMITED (REGISTERED NUMBER: 03986248)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Water Park 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The company relies upon the Eric Wright Charitable Trust to fund the shortfall between its operating expenses and its third party income. The company was formed to operate the Water Park in line with the objectives of The Eric Wright Charitable Trust. The Trust is obligated through its stated objectives to fund the shortfall between the operating expenses of Water Park Limited and its income. This is in addition to providing financial assistance to individuals attending the courses. As The Eric Wright Charitable Trust remains committed to this expenditure, the directors consider that going concern remains an appropriate basis for the preparation of these accounts.

Turnover
Turnover represents net invoiced sales (excluding value added tax), and charitable grants received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WATER PARK LIMITED (REGISTERED NUMBER: 03986248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Sinking
fund
Fixtures fixtures
Plant and and and fitt
machinery fittings ings Totals
£    £    £    £   
COST
At 1 January 2023 364,219 157,577 164,960 686,756
Additions 32,804 2,591 - 35,395
Disposals (1,205 ) - - (1,205 )
At 31 December 2023 395,818 160,168 164,960 720,946
DEPRECIATION
At 1 January 2023 299,965 111,409 148,691 560,065
Charge for year 29,691 13,254 2,909 45,854
Eliminated on disposal (1,067 ) - - (1,067 )
At 31 December 2023 328,589 124,663 151,600 604,852
NET BOOK VALUE
At 31 December 2023 67,229 35,505 13,360 116,094
At 31 December 2022 64,254 46,168 16,269 126,691

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,336 36,057
Amounts owed by group undertakings 29,385 95,679
Other debtors 540 1,029
Prepayments 185,243 120,374
238,504 253,139

WATER PARK LIMITED (REGISTERED NUMBER: 03986248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,721 44,619
Amounts owed to group undertakings 8,013 1,339
Social security and other taxes 13,536 13,424
VAT 12,871 17,185
Other creditors 7,188 6,030
Accrued expenses and deferred
income 170,505 86,985
243,834 169,582

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 13,934 9,278
Between one and five years 15,569 7,263
29,503 16,541

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Other provisions
Deferred income 207,557 234,592
Lease dilapidation provision 29,381 95,675
236,938 330,267

Other
provisions
£   
Balance at 1 January 2023 330,267
Increase/(Decrease) in
deferred income (26,972 )
Capital contribution released
to P&L (64 )
Provision for lease
dilapidation 74,000
Lease dilapidation released (140,293 )
Balance at 31 December 2023 236,938

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

WATER PARK LIMITED (REGISTERED NUMBER: 03986248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

10. RESERVES
Retained
earnings
£   

Profit for the year -
At 31 December 2023 -

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

The Report of the Auditors was unqualified.

Jane Dennis BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Fairhurst

12. RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary it has claimed the exemption from the requirement to disclose transactions with its parent company and fellow subsidiaries.

13. ULTIMATE PARENT COMPANY

The share in the company is owned by the Eric Wright Charitable Trust.