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REGISTERED NUMBER: 05378961 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KENT LEISURE PARKS LIMITED

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENT LEISURE PARKS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Mr M A Godden
Mr A M Godden
Mrs L D Sullivan





SECRETARY: Mrs L D Sullivan





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 05378961 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 793,600 1,001,500
Tangible assets 5 8,345,422 8,471,001
9,139,022 9,472,501

CURRENT ASSETS
Stocks 293,601 157,596
Debtors 6 783,174 675,498
Cash at bank 741,107 631,327
1,817,882 1,464,421
CREDITORS
Amounts falling due within one year 7 1,297,173 1,297,095
NET CURRENT ASSETS 520,709 167,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,659,731

9,639,827

CREDITORS
Amounts falling due after more than one
year

8

(3,594,966

)

(3,024,154

)

PROVISIONS FOR LIABILITIES 11 (1,354,783 ) (1,066,257 )
NET ASSETS 4,709,982 5,549,416

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 4,709,979 5,549,413
SHAREHOLDERS' FUNDS 4,709,982 5,549,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




Mrs L D Sullivan - Director



Mr A M Godden - Director


KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

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

1. STATUTORY INFORMATION

Kent Leisure Parks 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of any Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible fixed 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 loss.

Goodwill being the amount paid in connection with the acquisition of businesses is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land & freehold property - not provided
Improvements to property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

The freehold property and improvements to property are being depreciated to its estimated residual value over the estimated useful life. The directors believe the residual value to be at least the carrying value in these financial statements and therefore any depreciation would be negligible. Any maintenance costs are charged to the profit and loss in the year incurred. The directors review the estimated residual value at the end of each accounting period.

The tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks
Stocks are initially measured and recognised at cost. After initial recognition, stock is measured at the lower of cost and net realiseable value.


KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,079,000
AMORTISATION
At 1 January 2023 1,077,500
Charge for year 207,900
At 31 December 2023 1,285,400
NET BOOK VALUE
At 31 December 2023 793,600
At 31 December 2022 1,001,500

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

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

5. TANGIBLE FIXED ASSETS
Land & Improvements
freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 7,874,499 287,407 445,853
Additions - - 3,750
At 31 December 2023 7,874,499 287,407 449,603
DEPRECIATION
At 1 January 2023 - - 206,611
Charge for year - - 60,748
At 31 December 2023 - - 267,359
NET BOOK VALUE
At 31 December 2023 7,874,499 287,407 182,244
At 31 December 2022 7,874,499 287,407 239,242

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 305,963 9,741 8,923,463
Additions - 893 4,643
At 31 December 2023 305,963 10,634 8,928,106
DEPRECIATION
At 1 January 2023 237,116 8,735 452,462
Charge for year 68,847 627 130,222
At 31 December 2023 305,963 9,362 582,684
NET BOOK VALUE
At 31 December 2023 - 1,272 8,345,422
At 31 December 2022 68,847 1,006 8,471,001

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 139,960 261,595 401,555
Transfer to ownership - (74,739 ) (74,739 )
At 31 December 2023 139,960 186,856 326,816
DEPRECIATION
At 1 January 2023 64,244 196,196 260,440
Charge for year 18,929 46,714 65,643
Transfer to ownership - (56,054 ) (56,054 )
At 31 December 2023 83,173 186,856 270,029
NET BOOK VALUE
At 31 December 2023 56,787 - 56,787
At 31 December 2022 75,716 65,399 141,115

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 765,206 650,425
Other debtors 2,240 11,240
Prepayments 15,728 13,833
783,174 675,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 121,850 263,312
Hire purchase contracts (see note 9) 64,559 94,670
Trade creditors 164,964 356,814
Corporation tax 63,239 54,107
Taxation and social security 8,327 6,567
VAT 307,479 236,023
Other creditors 4,969 39,388
Directors' loan accounts 2,214 241,214
Accruals and deferred income 559,572 5,000
1,297,173 1,297,095

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 129,611 280,957
Bank loans - 2-5 years 3,426,095 931,042
Other loans more 5yrs instal 11,735 1,720,072
Hire purchase contracts (see note 9) 27,525 92,083
3,594,966 3,024,154

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 11,735 1,720,072

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 64,559 94,670
Between one and five years 27,525 92,083
92,084 186,753

Non-cancellable operating leases
2023 2022
£    £   
Within one year 1,342 2,068
Between one and five years 1,031 2,302
2,373 4,370

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,677,556 1,475,311
Other loans 11,735 1,720,072
Hire purchase contracts 92,084 186,753
3,781,375 3,382,136

The bank loans, other loans and hire purchase agreements are secured by way of fixed and floating charges against the freehold property and other assets held by the company.

KENT LEISURE PARKS LIMITED (REGISTERED NUMBER: 05378961)

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

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Other provisions 1,354,783 1,066,257