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COMPANY REGISTRATION NUMBER: 13266281
Ninja Leisure UK Liverpool Ltd
Filleted Financial Statements
For the year ended
29 October 2023
Ninja Leisure UK Liverpool Ltd
Balance Sheet
29 October 2023
2023
2022
Note
£
£
FIXED ASSETS
Tangible assets
5
640,659
677,409
CURRENT ASSETS
Stocks
33,769
29,601
Debtors: due within one year
6
687,897
279,023
Debtors: due after more than one year
6
66,000
Cash at bank and in hand
322,426
369,852
------------
---------
1,044,092
744,476
CREDITORS: amounts falling due within one year
7
( 1,200,495)
( 1,273,489)
------------
------------
NET CURRENT LIABILITIES
( 156,403)
( 529,013)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
484,256
148,396
CREDITORS: amounts falling due after more than one year
8
( 71,500)
PROVISIONS
( 68,973)
---------
---------
NET ASSETS
415,283
76,896
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
415,183
76,796
---------
--------
SHAREHOLDERS FUNDS
415,283
76,896
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 2 September 2024 , and are signed on behalf of the board by:
L Forster
Director
Company registration number: 13266281
Ninja Leisure UK Liverpool Ltd
Notes to the Financial Statements
Year ended 29 October 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Hayhursts, 2nd Floor Grove House, 6 Meridians Cross, Southampton, SO14 3TJ. The company's registered number is 13266281 .
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The Directors have assessed the future trading position and cashflow forecasts have been prepared for the next 12 months concluding that the company has adequate resources to continue in operational existence for the period of at least 12 months from the date of the approval of these financial statements. Therefore, they continue to believe the going concern basis of accounting remains appropriate in preparing the annual financial statements.
Significant estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.
The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.
Estimating the useful economic life of an asset and the anticipated residual value are considered the key judgement in calculating an appropriate depreciation charge.
Revenue recognition
Revenue comprises income from customer attendance at our adventure park, including booking / admission fees and the sale of merchandise and food and beverages. All income is recognised net of discounts and Value Added Tax. Income from adventure Park booking / admission fees is recognised on the day that the customer attends the adventure park. Income from the sale of merchandise and food and beverages is recognised at the point the goods are transferred to the buyer.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases: The company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Tangible assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements
-
7% straight line
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Computer equipment
-
25% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks
Stocks are measured 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 the stock to its present location and condition.
Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 52 (2022: 74 ).
5. TANGIBLE ASSETS
Leasehold property improvs.
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
Cost
At 31 October 2022
688,027
627
3,381
5,696
697,731
Additions
7,215
1,424
8,639
---------
----
--------
-------
---------
At 29 October 2023
688,027
627
10,596
7,120
706,370
---------
----
--------
-------
---------
Depreciation
At 31 October 2022
19,820
30
211
261
20,322
Charge for the year
42,046
144
1,729
1,470
45,389
---------
----
--------
-------
---------
At 29 October 2023
61,866
174
1,940
1,731
65,711
---------
----
--------
-------
---------
Carrying amount
At 29 October 2023
626,161
453
8,656
5,389
640,659
---------
----
--------
-------
---------
At 30 October 2022
668,207
597
3,170
5,435
677,409
---------
----
--------
-------
---------
6. DEBTORS
Debtors falling due within one year are as follows:
2023
2022
£
£
Amounts owed by group undertakings
104,027
115,000
Prepayments and accrued income
146,066
112,000
Other debtors
437,804
52,023
---------
---------
687,897
279,023
---------
---------
Debtors falling due after one year are as follows:
2023
2022
£
£
Other debtors
66,000
----
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
46,970
44,354
Amounts owed to group undertakings
839,131
971,749
Accruals and deferred income
211,982
154,692
Social security and other taxes
48,149
39,075
Other creditors
54,263
63,619
------------
------------
1,200,495
1,273,489
------------
------------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
71,500
----
--------
9. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
220,000
192,500
Later than 1 year and not later than 5 years
880,000
880,000
Later than 5 years
777,000
2,090,000
------------
------------
1,877,000
3,162,500
------------
------------
10. SUMMARY AUDIT OPINION
The auditor's report dated 9 September 2024 was unqualified .
The senior statutory auditor was Richard Askey , for and on behalf of DJH Audit Limited .
11. ULTIMATE PARENT COMPANY
The immediate and ultimate parent company is Leisure Television Rights Limited . Registered office; c/o Hayhursts 2nd Floor Grove House, 6 Meridians Cross, Southampton, England, SO14 3TJ