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REGISTERED NUMBER: 00376141 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Mersey View Pleasure Grounds Limited

Mersey View Pleasure Grounds Limited (Registered number: 00376141)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Mersey View Pleasure Grounds Limited (Registered number: 00376141)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,668,039 3,735,754

CURRENT ASSETS
Stocks 17,269 10,331
Debtors 5 124,848 89,607
Cash at bank and in hand 67,871 39,498
209,988 139,436
CREDITORS
Amounts falling due within one year 6 901,536 808,313
NET CURRENT LIABILITIES (691,548 ) (668,877 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,976,491 3,066,877

CREDITORS
Amounts falling due after more than one year 7 731,821 850,810
NET ASSETS 2,244,670 2,216,067

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 2,240,670 2,212,067
SHAREHOLDERS' FUNDS 2,244,670 2,216,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr B D Peck - Director


Mersey View Pleasure Grounds Limited (Registered number: 00376141)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Mersey View Pleasure Grounds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00376141

Registered office: Overton Hill
Frodsham
Warrington
Cheshire
WA6 6HH

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, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.
Freehold property - NIL % per annum
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Mersey View Pleasure Grounds Limited (Registered number: 00376141)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 60 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 March 2023 3,325,296 3,027,793 6,353,089
Additions - 22,335 22,335
At 29 February 2024 3,325,296 3,050,128 6,375,424
DEPRECIATION
At 1 March 2023 - 2,617,335 2,617,335
Charge for year - 90,050 90,050
At 29 February 2024 - 2,707,385 2,707,385
NET BOOK VALUE
At 29 February 2024 3,325,296 342,743 3,668,039
At 28 February 2023 3,325,296 410,458 3,735,754

Mersey View Pleasure Grounds Limited (Registered number: 00376141)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1 March 2023 17,086
Transfer to ownership (17,086 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 10,252
Charge for year 1,708
Transfer to ownership (11,960 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 6,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 124,848 89,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 287,348 192,434
Hire purchase contracts - 480
Trade creditors 202,658 202,571
Taxation and social security 187,035 187,276
Other creditors 224,495 225,552
901,536 808,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 731,821 850,810

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 87,361 353,064

Mersey View Pleasure Grounds Limited (Registered number: 00376141)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,019,169 1,043,244

Bank Loans have fixed charges over the company's freehold property, and fixed and floating charges over the company's undertaking and all assets.