IRIS Accounts Production v24.2.0.383 01085700 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010857002023-01-31010857002024-01-31010857002023-02-012024-01-31010857002022-01-31010857002022-02-012023-01-31010857002023-01-3101085700ns15:EnglandWales2023-02-012024-01-3101085700ns14:PoundSterling2023-02-012024-01-3101085700ns10:Director12023-02-012024-01-3101085700ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3101085700ns10:SmallEntities2023-02-012024-01-3101085700ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3101085700ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3101085700ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101085700ns10:FullAccounts2023-02-012024-01-310108570012023-02-012024-01-3101085700ns10:OrdinaryShareClass12023-02-012024-01-3101085700ns10:OrdinaryShareClass22023-02-012024-01-3101085700ns10:Director22023-02-012024-01-3101085700ns10:RegisteredOffice2023-02-012024-01-3101085700ns5:CurrentFinancialInstruments2024-01-3101085700ns5:CurrentFinancialInstruments2023-01-3101085700ns5:Non-currentFinancialInstruments2024-01-3101085700ns5:Non-currentFinancialInstruments2023-01-3101085700ns5:ShareCapital2024-01-3101085700ns5:ShareCapital2023-01-3101085700ns5:RetainedEarningsAccumulatedLosses2024-01-3101085700ns5:RetainedEarningsAccumulatedLosses2023-01-3101085700ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3101085700ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-02-012024-01-3101085700ns5:LeaseholdImprovements2023-02-012024-01-3101085700ns5:PlantMachinery2023-02-012024-01-3101085700ns5:FurnitureFittings2023-02-012024-01-3101085700ns5:ComputerEquipment2023-02-012024-01-3101085700ns5:NetGoodwill2023-01-3101085700ns5:NetGoodwill2024-01-3101085700ns5:NetGoodwill2023-01-3101085700ns5:LandBuildings2023-01-3101085700ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3101085700ns5:LeaseholdImprovements2023-01-3101085700ns5:LandBuildings2023-02-012024-01-3101085700ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3101085700ns5:LandBuildings2024-01-3101085700ns5:ShortLeaseholdAssetsns5:LandBuildings2024-01-3101085700ns5:LeaseholdImprovements2024-01-3101085700ns5:LandBuildings2023-01-3101085700ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3101085700ns5:LeaseholdImprovements2023-01-3101085700ns5:PlantMachinery2023-01-3101085700ns5:FurnitureFittings2023-01-3101085700ns5:ComputerEquipment2023-01-3101085700ns5:PlantMachinery2024-01-3101085700ns5:FurnitureFittings2024-01-3101085700ns5:ComputerEquipment2024-01-3101085700ns5:PlantMachinery2023-01-3101085700ns5:FurnitureFittings2023-01-3101085700ns5:ComputerEquipment2023-01-3101085700ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3101085700ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3101085700ns5:CurrentFinancialInstruments2023-02-012024-01-3101085700ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3101085700ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3101085700ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3101085700ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3101085700ns5:Secured2024-01-3101085700ns5:Secured2023-01-3101085700ns10:OrdinaryShareClass12024-01-3101085700ns10:OrdinaryShareClass22024-01-31
REGISTERED NUMBER: 01085700 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

ESCAL INVESTMENTS LIMITED

ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

ESCAL INVESTMENTS LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J T Crole
L J Crole





REGISTERED OFFICE: Carousel Amusements
3-4 Paget Road
Barry Island
Vale of Glamorgan
CF62 5TQ





REGISTERED NUMBER: 01085700 (England and Wales)





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

ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 269,000 269,000
Tangible assets 6 691,165 690,893
960,165 959,893

CURRENT ASSETS
Stocks 500 500
Debtors 7 932,475 735,002
Cash at bank and in hand 464,432 649,408
1,397,407 1,384,910
CREDITORS
Amounts falling due within one year 8 (171,776 ) (247,839 )
NET CURRENT ASSETS 1,225,631 1,137,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,185,796

2,096,964

CREDITORS
Amounts falling due after more than
one year

9

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (71,681 ) (54,251 )
NET ASSETS 2,099,115 2,017,713

ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

Balance Sheet - continued
31 JANUARY 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 700 700
Retained earnings 2,098,415 2,017,013
SHAREHOLDERS' FUNDS 2,099,115 2,017,713

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.

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


ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

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

1. STATUTORY INFORMATION

Escal Investments 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.
Freehold property - 5% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

No depreciation is provided in respect of freehold land. 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 property is in excess of its original cost. However, in the absence of a professional valuation the directors are unable to quantify this excess. The properties are maintained so as their open market value does not fall below their original cost. The maintainance costs are written off to the company's profit and loss account in the year in which they are incurred. The company's directors have also performed an impairment review in respect of the company's freehold properties and from this review consider that no depreciation is necessary to be provided for in relation to the company's freehold properties.

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


ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

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

3. 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.

Goodwill
Purchased goodwill is recognised in the company's financial statements in the year of acquisition. The goodwill is not amortised, this is not in accordance with company legislation. In the opinion of the directors the carrying value is equal the the purchase cost. The directors perform a full impairment review on an annual basis in respect all the companies amusement centres and consider that no impairment has ocurred since the original acquisition date. In circumstances whereby an amusement centre ceases to be commercially viable then the goodwill in relation to the amusement centre is charged to the company's profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 269,000
NET BOOK VALUE
At 31 January 2024 269,000
At 31 January 2023 269,000

6. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 February 2023 389,000 7,136 46,170
Additions - - -
At 31 January 2024 389,000 7,136 46,170
DEPRECIATION
At 1 February 2023 - - 36,943
Charge for year - - 923
At 31 January 2024 - - 37,866
NET BOOK VALUE
At 31 January 2024 389,000 7,136 8,304
At 31 January 2023 389,000 7,136 9,227

ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

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

6. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 1,207,409 43,613 6,640 1,699,968
Additions 48,109 - - 48,109
At 31 January 2024 1,255,518 43,613 6,640 1,748,077
DEPRECIATION
At 1 February 2023 936,974 28,897 6,261 1,009,075
Charge for year 45,404 1,472 38 47,837
At 31 January 2024 982,378 30,369 6,299 1,056,912
NET BOOK VALUE
At 31 January 2024 273,140 13,244 341 691,165
At 31 January 2023 270,435 14,716 379 690,893

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,301 14,467
Amount due from related businesses 876,446 676,776
Prepayments 40,728 43,759
932,475 735,002

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,841 6,968
Tax 31,125 91,063
Social security and other taxes 40,364 42,212
Due to Related Party 43,326 43,326
Directors' current accounts 364 21,364
Accrued expenses 32,756 32,906
171,776 247,839

The directors loan is interest free and repayable on demand.

ESCAL INVESTMENTS LIMITED (REGISTERED NUMBER: 01085700)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
15,000 25,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 25,000 35,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
350 Ordinary A £1 350 350
350 Ordinary B £1 350 350
700 700

12. RELATED PARTY DISCLOSURES

Included in amounts due from related entities is an amount of £619,446 (2023 - £619,776) owed by Amusement World Limited,and an amount of £200,000 (2023 = NIL) due from Bier Keller Pizzza Limited, both are companies controlled by J. T. Crole.

As at 31 January 2024, the company was owed £57,000 (2023 - £57,000) from U.K. Funfairs Limited. Mr J.T. Crole's sister, Mrs T. Stevens is a director of U.K. Funfairs Limited. This amount is included in amounts due from related entities.

As at 31 January 2024 the company owed £43,326 (2023- £43,326) to Croles Amusement Limited, a company which Mr J.T. Crole controls.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J.T. Crole as he holds 100% of the issued share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Escal Investments 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 Escal Investments 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 Escal Investments 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 Escal Investments Limited and state those matters that we have agreed to state to the Board of Directors of Escal Investments 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 Escal Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Escal Investments 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 Escal Investments Limited. You consider that Escal Investments 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 Escal Investments 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