IRIS Accounts Production v24.3.0.553 07425487 Board of Directors 1.11.22 31.10.23 31.10.23 true false true false false true true true true false Ordinary A 0.0500 Ordinary B 0.0500 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074254872022-10-31074254872023-10-31074254872022-11-012023-10-31074254872021-10-31074254872021-11-012022-10-31074254872022-10-3107425487ns15:EnglandWales2022-11-012023-10-3107425487ns14:PoundSterling2022-11-012023-10-3107425487ns10:Director12022-11-012023-10-3107425487ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107425487ns10:SmallEntities2022-11-012023-10-3107425487ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3107425487ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107425487ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107425487ns10:FullAccounts2022-11-012023-10-3107425487ns10:OrdinaryShareClass12022-11-012023-10-3107425487ns10:OrdinaryShareClass22022-11-012023-10-3107425487ns10:Director22022-11-012023-10-3107425487ns10:RegisteredOffice2022-11-012023-10-3107425487ns5:CurrentFinancialInstruments2023-10-3107425487ns5:CurrentFinancialInstruments2022-10-3107425487ns5:Non-currentFinancialInstruments2023-10-3107425487ns5:Non-currentFinancialInstruments2022-10-3107425487ns5:ShareCapital2023-10-3107425487ns5:ShareCapital2022-10-3107425487ns5:SharePremium2023-10-3107425487ns5:SharePremium2022-10-3107425487ns5:CapitalRedemptionReserve2023-10-3107425487ns5:CapitalRedemptionReserve2022-10-3107425487ns5:RetainedEarningsAccumulatedLosses2023-10-3107425487ns5:RetainedEarningsAccumulatedLosses2022-10-3107425487ns5:CostValuation2022-10-3107425487ns5:Subsidiary12022-11-012023-10-31074254871ns5:Subsidiary12022-11-012023-10-3107425487ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3107425487ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-3107425487ns5:CurrentFinancialInstruments2022-11-012023-10-3107425487ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-10-3107425487ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-10-3107425487ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3107425487ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-3107425487ns10:OrdinaryShareClass12023-10-3107425487ns10:OrdinaryShareClass22023-10-31
REGISTERED NUMBER: 07425487 (England and Wales)















ATTRACTION WORLD HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






ATTRACTION WORLD HOLDINGS LIMITED (REGISTERED NUMBER: 07425487)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


ATTRACTION WORLD HOLDINGS LIMITED

Company Information
for the year ended 31 October 2023







Directors: J D Mahoney
O E Nicholls





Registered office: First Floor New Oxford House
Waterloo Street
Birmingham
West Midlands
B2 5UG





Registered number: 07425487 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

ATTRACTION WORLD HOLDINGS LIMITED (REGISTERED NUMBER: 07425487)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 3,453,451 3,453,451

Current assets
Debtors 5 1,500,126 1,500,901
Cash at bank 7,990 1,409
1,508,116 1,502,310
Creditors
Amounts falling due within one year 6 5,076,558 4,800,712
Net current liabilities (3,568,442 ) (3,298,402 )
Total assets less current liabilities (114,991 ) 155,049

Creditors
Amounts falling due after more than one year 7 738,462 900,000
Net liabilities (853,453 ) (744,951 )

Capital and reserves
Called up share capital 9 225,314 225,314
Share premium account 10 60,479 60,479
Capital redemption reserve 10 82,010 82,010
Retained earnings 10 (1,221,256 ) (1,112,754 )
Shareholders' funds (853,453 ) (744,951 )

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

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

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 30 October 2024 and were signed on its behalf by:





O E Nicholls - Director


ATTRACTION WORLD HOLDINGS LIMITED (REGISTERED NUMBER: 07425487)

Notes to the Financial Statements
for the year ended 31 October 2023

1. Statutory information

Attraction World Holdings Limited is a private company, incorporated and domiciled in the United Kingdom. The address of its registered office is First Floor New Oxford House, Waterloo Street, Birmingham, B2 5UG.

The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 October 2023 (2022: year ended 31 October 2022).

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and therefore, the parent and group are considered eligible for the exemption to prepare consolidated accounts.

Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in subsidiaries are assessed for impairment at each reporting date. Any impairment losses or reversals of impairment losses are recognised in the Profit and Loss Account.

Finance costs
Finance costs are charged to the Profit and Loss Account 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.

Borrowing costs
All borrowing costs are recognised in the Profit and Loss Account in the year in which they are incurred.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and and creditors, loans from banks and other third parties, loans with related parties and investments in ordinary shares.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.

Going concern
At the time of signing the accounts, the forecasts indicate that the company will continue to trade for a period of at least 12 months and that the company will be able to operate within the banking facilities available to it. On this basis, the directors have prepared these financial statements on a going concern basis.

The directors consider that it is appropriate for the financial statements to be prepared on a going concern basis due to their confidence that they will be able to access funding to meet their working capital requirements for a period of at least 12 months from the date of signing these accounts.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

ATTRACTION WORLD HOLDINGS LIMITED (REGISTERED NUMBER: 07425487)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 November 2022
and 31 October 2023 3,453,451
Net book value
At 31 October 2023 3,453,451
At 31 October 2022 3,453,451

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Attraction World Limited
Registered office: First Floor New Oxford House, Waterloo Street, Birmingham, United Kingdom, B2 5UG
Nature of business: Sale of attraction tickets
%
Class of shares: holding
Ordinary 100.00

In the opinion of the directors, the value of this investment as at 31 October 2023 is not less than the aggregate amount in the Balance Sheet at that date.

The reporting year end of the subsidiary undertaking is co-terminus with the company.

5. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 1,500,000 1,500,000
Other debtors 126 901
1,500,126 1,500,901

The amounts owed by group undertakings are free from interest, are unsecured, and have no fixed date of repayment.

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts (see note 8) 369,231 300,000
Amounts owed to group undertakings 4,707,327 4,491,435
Accruals and deferred income - 9,277
5,076,558 4,800,712

The amounts owed to group undertakings are free from interest, are unsecured, and have no fixed date of repayment.

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans (see note 8) 738,462 900,000

ATTRACTION WORLD HOLDINGS LIMITED (REGISTERED NUMBER: 07425487)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 369,231 300,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 369,231 300,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 369,231 600,000

The bank loan balance outstanding at 31 October 2023 is £1,107,693 (2022: £1,200,000). The bank loan balance is made up of the Coronavirus Business Interruption Loan which is repayable in equal quarterly installments of £92,307 (2022: £75,000) until August 2026. Interest rate is based on floating rate basis, under which the interest rate will never be less than the margin of 3.64% per annum.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
24,396,031 Ordinary A £0.005 121,980 121,980
20,666,700 Ordinary B £0.005 103,334 103,334
225,314 225,314

The A Ordinary Shares and B Ordinary Shares shall rank pari passu in all respects, but shall constitute separate classes of share.

10. Reserves

Share capital
Called up share capital represents the nominal value of the shares issued.

Share premium account
The amount by which the amount received exceeds the share capital's nominal value.

Capital redemption reserve
The capital redemption reserve contains share capital repurchased by the company using distributable reserves.

Profit and loss account
This reserve represents cumulative profits or losses net of dividends paid and other adjustments.

11. Contingent liabilities

On 11 October 2023, a fixed and floating charge over all current and future assets of the company and the group was registered by Highmore Financing CO XII, LP, in respect of group debentures.

12. Related party disclosures

The company has taken advantage of exemption conferred by FRS 102 section 33 'Related Party Disclosures' not to disclose transactions with companies within the group which it is a member, where these transactions occur between entities which are 100% owned members of that group.

ATTRACTION WORLD HOLDINGS LIMITED (REGISTERED NUMBER: 07425487)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

13. Ultimate controlling party

The immediate parent company is Attraction World Ventures Limited. Attraction World Ventures Limited is incorporated and domiciled in the United Kingdom, and shares the same registered office at First Floor New Oxford House, Waterloo Street, Birmingham, B2 5UG.

On 6 October 2023, the entire share capital of Attraction World Group Limited was acquired by Montana World Limited. At the Balance Sheet date, the ultimate parent undertaking of the group is Jipovo B.V. Jipovo B.V. was incorporated and domiciled in Amsterdam and has a registered address of Leeuwarderweg 20, 1025RW Amsterdam. The ultimate controlling party is Gert-Jan Ruiter by virtue of his shareholdings.

The company, and the group it heads, qualify as small as set out in section 383 of the Companies Act 2006 and are therefore considered eligible for the exemption to prepare consolidated accounts.