49
9 September 2024
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No description of principal activity
2022-10-31
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
12502728
2022-10-31
2023-10-29
12502728
2023-10-29
12502728
2022-10-30
12502728
2021-11-01
2022-10-30
12502728
2022-10-30
12502728
2021-10-31
12502728
core:LandBuildings
core:ShortLeaseholdAssets
2022-10-31
2023-10-29
12502728
core:PlantMachinery
2022-10-31
2023-10-29
12502728
core:FurnitureFittings
2022-10-31
2023-10-29
12502728
bus:Director2
2022-10-31
2023-10-29
12502728
core:WithinOneYear
2023-10-29
12502728
core:WithinOneYear
2022-10-30
12502728
core:LandBuildings
core:ShortLeaseholdAssets
2022-10-30
12502728
core:PlantMachinery
2022-10-30
12502728
core:FurnitureFittings
2022-10-30
12502728
core:LandBuildings
core:ShortLeaseholdAssets
2023-10-29
12502728
core:PlantMachinery
2023-10-29
12502728
core:FurnitureFittings
2023-10-29
12502728
core:ShareCapital
2023-10-29
12502728
core:ShareCapital
2022-10-30
12502728
core:RetainedEarningsAccumulatedLosses
2023-10-29
12502728
core:RetainedEarningsAccumulatedLosses
2022-10-30
12502728
core:BetweenOneFiveYears
2023-10-29
12502728
core:BetweenOneFiveYears
2022-10-30
12502728
core:MoreThanFiveYears
2023-10-29
12502728
core:MoreThanFiveYears
2022-10-30
12502728
core:LandBuildings
core:ShortLeaseholdAssets
2022-10-30
12502728
core:PlantMachinery
2022-10-30
12502728
core:FurnitureFittings
2022-10-30
12502728
bus:SmallEntities
2022-10-31
2023-10-29
12502728
bus:Audited
2022-10-31
2023-10-29
12502728
bus:SmallCompaniesRegimeForAccounts
2022-10-31
2023-10-29
12502728
bus:PrivateLimitedCompanyLtd
2022-10-31
2023-10-29
12502728
bus:FullAccounts
2022-10-31
2023-10-29
12502728
core:ComputerEquipment
2022-10-31
2023-10-29
12502728
core:ComputerEquipment
2023-10-29
COMPANY REGISTRATION NUMBER:
12502728
Ninja Leisure UK Leeds Ltd |
|
Filleted Financial Statements |
|
Ninja Leisure UK Leeds Ltd |
|
29 October 2023
FIXED ASSETS
Tangible assets |
5 |
808,650 |
573,341 |
|
|
|
|
CURRENT ASSETS
Stocks |
30,898 |
27,533 |
Debtors: due within one year |
6 |
1,069,417 |
1,122,938 |
Cash at bank and in hand |
470,162 |
152,575 |
|
------------ |
------------ |
|
1,570,477 |
1,303,046 |
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
(
1,665,006) |
(
705,039) |
|
------------ |
------------ |
NET CURRENT (LIABILITIES)/ASSETS |
(
94,529) |
598,007 |
|
--------- |
------------ |
TOTAL ASSETS LESS CURRENT LIABILITIES |
714,121 |
1,171,348 |
|
|
|
|
PROVISIONS
Deferred taxation |
– |
(
29,446) |
|
--------- |
------------ |
NET ASSETS |
714,121 |
1,141,902 |
|
--------- |
------------ |
|
|
|
CAPITAL AND RESERVES
Called up share capital |
100 |
100 |
Profit and loss account |
714,021 |
1,141,802 |
|
--------- |
------------ |
SHAREHOLDERS FUNDS |
714,121 |
1,141,902 |
|
--------- |
------------ |
|
|
|
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:
Company registration number:
12502728
Ninja Leisure UK Leeds 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
12502728
.
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
3.1
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.
3.2
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.
3.3
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.
3.4
Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3.5
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.
3.6
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
3.7
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
3.8
Depreciation
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
|
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
3.9
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.
3.10
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.
3.11
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance sheet.
3.12
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
49
(2022:
64
).
5.
TANGIBLE ASSETS
|
Leasehold property improvs. |
Plant and machinery |
Fixtures and fittings |
Computer equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
|
At 31 October 2022 |
604,139 |
13,318 |
8,894 |
– |
626,351 |
Additions |
– |
– |
317,066 |
8,230 |
325,296 |
|
--------- |
-------- |
--------- |
------- |
--------- |
At 29 October 2023 |
604,139 |
13,318 |
325,960 |
8,230 |
951,647 |
|
--------- |
-------- |
--------- |
------- |
--------- |
Depreciation |
|
|
|
|
|
At 31 October 2022 |
48,760 |
2,330 |
1,919 |
– |
53,009 |
Charge for the year |
36,920 |
3,052 |
49,364 |
652 |
89,988 |
|
--------- |
-------- |
--------- |
------- |
--------- |
At 29 October 2023 |
85,680 |
5,382 |
51,283 |
652 |
142,997 |
|
--------- |
-------- |
--------- |
------- |
--------- |
Carrying amount |
|
|
|
|
|
At 29 October 2023 |
518,459 |
7,936 |
274,677 |
7,578 |
808,650 |
|
--------- |
-------- |
--------- |
------- |
--------- |
At 30 October 2022 |
555,379 |
10,988 |
6,975 |
– |
573,342
|
|
--------- |
-------- |
--------- |
------- |
--------- |
|
|
|
|
|
|
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.
6.
DEBTORS
Debtors falling due within one year are as follows:
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
5,561 |
5,561 |
Amounts owed by group undertakings |
66,610 |
922,855 |
Deferred tax asset |
79,708 |
– |
Prepayments and accrued income |
206,611 |
147,220 |
Other debtors |
710,927 |
47,302 |
|
------------ |
------------ |
|
1,069,417 |
1,122,938 |
|
------------ |
------------ |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
113,898 |
173,854 |
Amounts owed to group undertakings |
1,003,992 |
– |
Accruals and deferred income |
347,292 |
193,107 |
Corporation tax |
142 |
60,851 |
Social security and other taxes |
55,326 |
95,818 |
Other creditors |
144,356 |
181,409 |
|
------------ |
--------- |
|
1,665,006 |
705,039 |
|
------------ |
--------- |
|
|
|
8.
OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2023 |
2022 |
|
£ |
£ |
Not later than 1 year |
190,000 |
190,000 |
Later than 1 year and not later than 5 years |
760,000 |
760,000 |
Later than 5 years |
435,417 |
1,575,417 |
|
------------ |
------------ |
|
1,385,417 |
2,525,417 |
|
------------ |
------------ |
|
|
|
9.
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
.
10.
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