REGISTERED NUMBER: |
ATTRACTION WORLD VENTURES LIMITED |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
REGISTERED NUMBER: |
ATTRACTION WORLD VENTURES LIMITED |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
ATTRACTION WORLD VENTURES LIMITED (REGISTERED NUMBER: 12419127) |
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 | 5 |
ATTRACTION WORLD VENTURES LIMITED |
Company Information |
for the year ended 31 October 2023 |
Directors: |
Registered office: |
Registered number: |
ATTRACTION WORLD VENTURES LIMITED (REGISTERED NUMBER: 12419127) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 5 |
Current assets |
Debtors | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Profit and loss account | 8 |
Shareholders' funds |
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 were approved by the Board of Directors and authorised for issue on |
ATTRACTION WORLD VENTURES LIMITED (REGISTERED NUMBER: 12419127) |
Notes to the Financial Statements |
for the year ended 31 October 2023 |
1. | Statutory information |
Attraction World Ventures 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: |
The company was dormant throughout the current year and previous year. |
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 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. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 November 2022 |
and 31 October 2023 |
Net book value |
At 31 October 2023 |
At 31 October 2022 |
ATTRACTION WORLD VENTURES LIMITED (REGISTERED NUMBER: 12419127) |
Notes to the Financial Statements - continued |
for the year ended 31 October 2023 |
4. | Fixed asset investments - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: First Floor New Oxford House, Waterloo Street, Birmingham, United Kingdom, B2 5UG |
Nature of business: |
% |
Class of shares: | holding |
Registered office: First Floor New Oxford House, Waterloo Street, Birmingham, United Kingdom, B2 5UG |
Nature of business: |
% |
Class of shares: | holding |
* = indirectly held |
In the opinion of the directors, the value of these investments as at 31 October 2023 is not less than the aggregate amount in the Balance Sheet at that date. |
The reporting year-ends of the subsidiary undertakings are co-terminous with the company. |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
The amounts owed by group undertakings are free from interest, are unsecured, and have no fixed date of repayment. |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary shares | 1 | 100,000 | 100,000 |
Preference shares | 1 | 998,969 | 998,969 |
1,098,969 | 1,098,969 |
Regarding the right to participate in a distribution, the priority of these shares is set out in sections 18.1 and 18.2 of the Articles of Association. |
Regarding the right to a return of capital of the company, the priority of these shares is set out in section 18.4 of the Articles of Association. |
Regarding the right to vote, holders of Ordinary shares have the right to receive notice of, attend, vote and speak at the general meeting of the company. Holders of Preference shares do not have the right to receive notice of, attend, vote and speak at the general meeting of the company. |
7. | Reserves |
Share capital |
Called up share capital represents the nominal value of the shares issued. |
Profit and loss account |
This reserve represents cumulative profits or losses net of dividends paid and other adjustments. |
ATTRACTION WORLD VENTURES LIMITED (REGISTERED NUMBER: 12419127) |
Notes to the Financial Statements - continued |
for the year ended 31 October 2023 |
8. | 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. |
9. | Related party disclosures |
The company has taken advantage of the 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. |
10. | Ultimate controlling party |
The immediate parent company is Attraction World Group Limited. Attraction World Group 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. |