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REGISTERED NUMBER: 00786733














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

AMUSEMENT WORLD LIMITED

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5

Chartered Accountants' Report 12

AMUSEMENT WORLD LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J T Crole
L J Crole





SECRETARY: L J Crole





REGISTERED OFFICE: Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT





REGISTERED NUMBER: 00786733





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 5,409
Tangible assets 5 2,011,276 1,954,262
2,011,276 1,959,671

CURRENT ASSETS
Stocks 6 28,754 22,546
Debtors 7 13,407 11,967
Prepayments and accrued income 24,765 21,543
Cash at bank and in hand 371,389 404,105
438,315 460,161
CREDITORS
Amounts falling due within one year 8 (763,218 ) (822,181 )
NET CURRENT LIABILITIES (324,903 ) (362,020 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,686,373

1,597,651

CREDITORS
Amounts falling due after more than
one year

9

(317,077

)

(353,700

)

PROVISIONS FOR LIABILITIES 12 (127,971 ) (86,139 )
NET ASSETS 1,241,325 1,157,812

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Balance Sheet - continued
31 JANUARY 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 13 5,004 5,004
Capital redemption reserve 14 1,125 1,125
Retained earnings 14 1,235,196 1,151,683
SHAREHOLDERS' FUNDS 1,241,325 1,157,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Balance Sheet - continued
31 JANUARY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





J T Crole - Director


AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Amusement World Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 represents gaming receipts in the year, stated net of value added tax and is all derived from the company's principal activity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible 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 losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over lease term
Improvements to property - 5% on cost and Straight line over 15 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided in respect of freehold property. This is not in accordance with FRS No.15 'Tangible Fixed Assets'. In the opinion of the company's directors the open market value of the company's freehold properties is in excess of their original cost. However, in the absence of a professional valuation the directors are unable to quantify the excess. The properties are maintained so as their open market value does not fall below their original cost. The maintenance costs are written off to the company's profit and loss account in the period that they are incurred.

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


AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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 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.

Investment properties
Investment properties are revalued annually by the directors or professional advisers in accordance with SSAP 19 and the aggregate surplus or deficit where appropriate is transferred to the investment revaluation reserve. No depreciation is provided in respect of these properties, this is a departure from FRS 15 which requires that assets be depreciated over their estimated useful lives and is necessary for the accounts to show a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amounts which might otherwise have been shown cannot be separately identified and quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 59,000
AMORTISATION
At 1 February 2023 53,591
Amortisation for year 5,409
At 31 January 2024 59,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 5,409

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 February 2023 1,128,950 5,152 431,971
Additions - - -
Disposals - - -
At 31 January 2024 1,128,950 5,152 431,971
DEPRECIATION
At 1 February 2023 - 5,152 62,905
Charge for year - - -
Eliminated on disposal - - -
At 31 January 2024 - 5,152 62,905
NET BOOK VALUE
At 31 January 2024 1,128,950 - 369,066
At 31 January 2023 1,128,950 - 369,066

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 1,484,981 10,654 3,061,708
Additions 142,026 - 142,026
Disposals (1,660 ) - (1,660 )
At 31 January 2024 1,625,347 10,654 3,202,074
DEPRECIATION
At 1 February 2023 1,029,772 9,617 1,107,446
Charge for year 83,553 259 83,812
Eliminated on disposal (460 ) - (460 )
At 31 January 2024 1,112,865 9,876 1,190,798
NET BOOK VALUE
At 31 January 2024 512,482 778 2,011,276
At 31 January 2023 455,209 1,037 1,954,262

6. STOCKS
2024 2023
£    £   
Stocks 28,754 22,546

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 160 120
Due from related parties 13,247 11,847
13,407 11,967

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10)
33,795

43,086
Trade creditors 1,854 2,774
Tax 22,772 66,693
Social security and other taxes 36,003 34,348
Other creditors 1,225 633
Amount due to related entity 631,171 631,501
Directors' current accounts 4,132 10,081
Accrued expenses 32,266 33,065
763,218 822,181

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 317,077 353,700

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 193,242 211,794

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 33,795 43,086

Amounts falling due between one and two years:
Bank loans - 1-2 years 32,100 37,597

Amounts falling due between two and five years:
Bank loans - 2-5 years 91,735 104,309

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 193,242 211,794

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 350,872 396,786

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Capital allowances in excess of
depreciation

127,971

86,139

Deferred
tax
£   
Balance at 1 February 2023 86,139
Increase in provision 41,832
Balance at 31 January 2024 127,971

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary A 1 5,000 5,000
4 Ordinary B-Z 1 4 4
5,004 5,004

14. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2023 1,151,683 1,125 1,152,808
Profit for the year 107,513 107,513
Dividends (24,000 ) (24,000 )
At 31 January 2024 1,235,196 1,125 1,236,321

AMUSEMENT WORLD LIMITED (REGISTERED NUMBER: 00786733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

15. RELATED PARTY DISCLOSURES

The director Mr J T Crole is a director of Escal Investments Limited. As at 31st January 2024 Escal Investments Limited was owed £620,106 (31st January 2023 £619,776) from Amusement World Limited.

Mr J T Crole is also a director of Croles Amusements Limited, an amount of £11,725 (2023 £11,725) is owed at the balance sheet date to this company.

Mr J T Crole is also a director of Bier Keller Pizza Limited, an amount of £13,247 (2023 £11,847) is owed to Amusement World Limited.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J. T. Crole.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Amusement World Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amusement World Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Amusement World Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Amusement World Limited and state those matters that we have agreed to state to the Board of Directors of Amusement World Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amusement World Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Amusement World Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Amusement World Limited. You consider that Amusement World Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Amusement World Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


29 October 2024