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REGISTERED NUMBER: 00519861 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Coles Amusement Enterprises Limited

Coles Amusement Enterprises Limited (Registered number: 00519861)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Coles Amusement Enterprises Limited (Registered number: 00519861)

Balance Sheet
30 November 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 3,258,391 3,222,228

Current assets
Stocks 20,651 23,466
Debtors 6 10,957 20,130
Cash at bank and in hand 5,219 109,458
36,827 153,054
Creditors
Amounts falling due within one year 7 (208,793 ) (181,344 )
Net current liabilities (171,966 ) (28,290 )
Total assets less current liabilities 3,086,425 3,193,938

Creditors
Amounts falling due after more than one
year

8

(5,550

)

(15,809

)

Provisions for liabilities (323,021 ) (350,460 )
Net assets 2,757,854 2,827,669

Capital and reserves
Called up share capital 750 750
Revaluation reserve 9 2,085,358 2,082,129
Retained earnings 671,746 744,790
2,757,854 2,827,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Coles Amusement Enterprises Limited (Registered number: 00519861)

Balance Sheet - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




Mr M R Cole - Director



Mr D H G Cole - Director


Coles Amusement Enterprises Limited (Registered number: 00519861)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. Statutory information

Coles Amusement Enterprises 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: 00519861

Registered office: Roundhouse Works
Main Cross Road
Great Yarmouth
Norfolk
NR30 3NZ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Coles Amusement Enterprises Limited (Registered number: 00519861)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 10-33% reducing balance and straight line
Motor vehicles - 33% straight line

Freehold property is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Coles Amusement Enterprises Limited (Registered number: 00519861)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Coles Amusement Enterprises Limited (Registered number: 00519861)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 40 (2023 - 45 ) .

Coles Amusement Enterprises Limited (Registered number: 00519861)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Cost
At 1 December 2023 1,664,509 1,745,598 11,370 3,421,477
Additions 12,500 42,196 - 54,696
At 30 November 2024 1,677,009 1,787,794 11,370 3,476,173
Depreciation
At 1 December 2023 - 187,879 11,370 199,249
Charge for year - 18,533 - 18,533
At 30 November 2024 - 206,412 11,370 217,782
Net book value
At 30 November 2024 1,677,009 1,581,382 - 3,258,391
At 30 November 2023 1,664,509 1,557,719 - 3,222,228

The 2024 valuations were made by the directors, on an open market value for existing use basis.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


Freehold
Property
Plant and
machinery

Total
At 30 November 2024
Aggregate cost703,6381,706,1802,409,818
Aggregate depreciation (113,238)(1,137,481)(1,250,718)
Carrying value 577,899568,6991,146,599
At 30 November 2023
Aggregate cost 691,1381,663,9842,355,122
Aggregate depreciation (113,238)(1,117,907)(1,231,145)
Carrying value 577,899546,0771,123,976

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2 7,980
Other debtors 10,955 12,150
10,957 20,130

Coles Amusement Enterprises Limited (Registered number: 00519861)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 40,022 10,208
Trade creditors 16,319 16,768
Taxation and social security 28,138 19,571
Other creditors 124,314 134,797
208,793 181,344

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 5,550 15,809

9. Reserves
Revaluation
reserve
£
At 1 December 2023 2,082,129
revaluation reserve to profit
and loss account 3,229

At 30 November 2024 2,085,358

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.