IRIS Accounts Productionv24.2.0.383NI602524Board of DirectorsBoard of Directors31.5.241.6.2331.5.2431.5.24Medium entitiesThese accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime.provision of premium indoor entertainment facilities.truetruetruefalsetruetruefalsefalsefalsefalsefalsefalsefalsefalsefalsetruefalseOrdinary Share Capital0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6025242023-05-31NI6025242024-05-31NI6025242023-06-012024-05-31NI6025242022-05-31NI6025242022-06-012023-05-31NI6025242023-05-31NI602524ns15:NorthernIreland2023-06-012024-05-31NI602524ns14:PoundSterling2023-06-012024-05-31NI602524ns10:Director12023-06-012024-05-31NI602524ns10:Director22023-06-012024-05-31NI602524ns10:Consolidated2024-05-31NI602524ns10:ConsolidatedGroupCompanyAccounts2023-06-012024-05-31NI602524ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31NI602524ns10:Consolidatedns10:MediumEntities2023-06-012024-05-31NI602524ns10:Consolidatedns10:Audited2023-06-012024-05-31NI602524ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31NI602524ns10:Consolidated2023-06-012024-05-31NI602524ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-06-012024-05-31NI602524ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-06-012024-05-31NI602524ns10:FullAccounts2023-06-012024-05-31NI602524ns5:Subsidiary12023-06-012024-05-31NI602524ns5:Subsidiary22023-06-012024-05-31NI602524ns5:Subsidiary32023-06-012024-05-31NI602524ns5:Subsidiary42023-06-012024-05-31NI602524ns5:Subsidiary52023-06-012024-05-31NI602524ns5:Subsidiary62023-06-012024-05-31NI60252412023-06-012024-05-31NI602524ns10:OrdinaryShareClass12023-06-012024-05-31NI602524ns10:Director32023-06-012024-05-31NI602524ns10:RegisteredOffice2023-06-012024-05-31NI602524ns10:Consolidated2022-06-012023-05-31NI602524ns5:CurrentFinancialInstruments2024-05-31NI602524ns5:CurrentFinancialInstruments2023-05-31NI602524ns5:Non-currentFinancialInstruments2024-05-31NI602524ns5:Non-currentFinancialInstruments2023-05-31NI602524ns5:ShareCapital2024-05-31NI602524ns5:ShareCapital2023-05-31NI602524ns5:RetainedEarningsAccumulatedLosses2024-05-31NI602524ns5:RetainedEarningsAccumulatedLosses2023-05-31NI602524ns5:ShareCapital2022-05-31NI602524ns5:RetainedEarningsAccumulatedLosses2022-05-31NI602524ns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31NI602524ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31NI602524ns5:NetGoodwill2023-06-012024-05-31NI602524ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31NI602524ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-31NI602524ns5:ComputerSoftware2023-06-012024-05-31NI602524ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-012024-05-31NI602524ns5:LeaseholdImprovements2023-06-012024-05-31NI602524ns5:PlantMachinery2023-06-012024-05-31NI602524ns5:FurnitureFittings2023-06-012024-05-31NI602524ns5:MotorVehicles2023-06-012024-05-31NI602524ns5:ComputerEquipment2023-06-012024-05-31NI602524ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-31NI602524ns5:ComputerSoftware2023-05-31NI602524ns5:PatentsTrademarksLicencesConcessionsSimilar2024-05-31NI602524ns5:ComputerSoftware2024-05-31NI602524ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-31NI602524ns5:ComputerSoftware2023-05-31NI602524ns5:LandBuildings2023-05-31NI602524ns5:LeaseholdImprovements2023-05-31NI602524ns5:PlantMachinery2023-05-31NI602524ns5:LandBuildings2023-06-012024-05-31NI602524ns5:LandBuildings2024-05-31NI602524ns5:LeaseholdImprovements2024-05-31NI602524ns5:PlantMachinery2024-05-31NI602524ns5:LandBuildings2023-05-31NI602524ns5:LeaseholdImprovements2023-05-31NI602524ns5:PlantMachinery2023-05-31NI602524ns5:FurnitureFittings2023-05-31NI602524ns5:ComputerEquipment2023-05-31NI602524ns5:FurnitureFittings2024-05-31NI602524ns5:ComputerEquipment2024-05-31NI602524ns5:FurnitureFittings2023-05-31NI602524ns5:ComputerEquipment2023-05-31NI602524ns5:CostValuation2023-05-31NI6025241ns5:Subsidiary12023-06-012024-05-31NI602524ns5:Subsidiary232023-06-012024-05-31NI6025245ns5:Subsidiary32023-06-012024-05-31NI6025247ns5:Subsidiary42023-06-012024-05-31NI602524ns5:Subsidiary592023-06-012024-05-31NI602524ns5:Subsidiary6112023-06-012024-05-31NI602524ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31NI602524ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31NI602524ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-31NI602524ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-31NI602524ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-31NI602524ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-31NI602524ns5:Secured2024-05-31NI602524ns5:Secured2023-05-31NI602524ns5:DeferredTaxation2023-05-31NI602524ns5:DeferredTaxation2023-06-012024-05-31NI602524ns5:DeferredTaxation2024-05-31NI602524ns10:OrdinaryShareClass12024-05-31NI602524ns5:RetainedEarningsAccumulatedLosses2023-05-31

REGISTERED NUMBER: NI602524 (Northern Ireland)
















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 May 2024

for


Funky Monkeys Playcentres Ltd


Funky Monkeys Playcentres Ltd (Registered number: NI602524)







Contents of the Consolidated Financial Statements

for the Year Ended 31 May 2024





Page



Company Information  

1



Group Strategic Report  

2



Report of the Directors  

3



Report of the Independent Auditors  

5



Consolidated Income Statement  

8



Consolidated Other Comprehensive Income  

9



Consolidated Balance Sheet  

10



Company Balance Sheet  

11



Consolidated Statement of Changes in Equity  

12



Company Statement of Changes in Equity  

13



Consolidated Cash Flow Statement  

14



Notes to the Consolidated Cash Flow Statement

15



Notes to the Consolidated Financial Statements

17




Funky Monkeys Playcentres Ltd


Company Information

for the Year Ended 31 May 2024









DIRECTORS:

M Simpson


Mrs A Simpson


H Moore







REGISTERED OFFICE:

9 Castlewellan Road


Rathfriland


Co. Down


BT34 5LY







REGISTERED NUMBER:

NI602524 (Northern Ireland)







AUDITORS:

Farrell & Farrell


35 Main St


Hilltown


Newry


Co. Down


BT34 5UJ


Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Group Strategic Report

for the Year Ended 31 May 2024


The directors present their strategic report of the company and the group for the year ended 31 May 2024.


REVIEW OF BUSINESS

The results for the period and the financial position at the period end were considered satisfactory by the directors.


PRINCIPAL RISKS AND UNCERTAINTIES

The group's operations expose it to a variety of financial risks that include currency risk and liquidity risk.  The group has in place a risk management programme that seeks to limit adverse effects in its financial performance.  The policies set out by the directors are implemented by the company's management team.


ON BEHALF OF THE BOARD:






M Simpson - Director



18 March 2025


Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Report of the Directors

for the Year Ended 31 May 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 May 2024.


DIVIDENDS

The total distribution of dividends paid during the year ended 31 May 2024 was £300,000.


FUTURE DEVELOPMENTS

The group plans to continue its present activities and current trading levels.  Employees are kept as fully informed as practicable about developments within the business.


The group is committed to pursuing equality and diversity in all its employment activities to ensure that the recruitment, training, career development and promotion of disabled persons should as far as possible be identical to that of other employees.


DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.


M Simpson

Mrs A Simpson

H Moore


FINANCIAL INSTRUMENTS

Financial risk management objectives and policies

The group uses financial instruments throughout its business.  The core risks associated with the group's financial instruments are currency risk and liquidity risk.  The board reviews and agrees policies for the prudent management of these risks as follows:


Currency risk

The group's objective is to minimise the impact of currency volatility and fluctuations.  Variances affecting operational activities in this regard are reflected in operating costs in the profit and loss account in the years in which they arise. The group manages, where practical and cost effective, to partially hedge the foreign currency impact.


Liquidity and cash flow risk

The group's objective is to maintain a balance between the continuity of funding and flexibility through the use of borrowings with a range of maturities when necessary.  The group's policy is to ensure that sufficient resources are available either from cash balances, cash flows and near cash liquid investments to ensure all obligations can be met when they fall due.


DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.


Company law requires the directors to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.  In preparing these financial statements, the directors are required to:


-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Report of the Directors

for the Year Ended 31 May 2024



STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.


AUDITORS

The auditors,  Farrell & Farrell, will be proposed for re-appointment at the forthcoming Annual General Meeting.


ON BEHALF OF THE BOARD:






M Simpson - Director



18 March 2025


Report of the Independent Auditors to the Members of

Funky Monkeys Playcentres Ltd


Opinion

We have audited the financial statements of Funky Monkeys Playcentres Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 May 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.


Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.


Report of the Independent Auditors to the Members of

Funky Monkeys Playcentres Ltd



Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.


We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-

the parent company financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of directors' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.


Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.


Report of the Independent Auditors to the Members of

Funky Monkeys Playcentres Ltd



Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.





Jayme Farrell (Senior Statutory Auditor)

for and on behalf of Farrell & Farrell

35 Main St

Hilltown

Newry

Co. Down

BT34 5UJ


18 March 2025


Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Consolidated Income Statement

for the Year Ended 31 May 2024



2024


2023


Notes

£   

£   



TURNOVER

16,465,867


13,615,244




Cost of sales

3,103,850


1,999,395



GROSS PROFIT

13,362,017


11,615,849




Administrative expenses

12,953,225


9,696,171



408,792


1,919,678




Other operating income

1,622,538


74,849



OPERATING PROFIT

4

2,031,330


1,994,527




Interest receivable and similar income

1,958


390



2,033,288


1,994,917




Interest payable and similar expenses

5

468,298


493,407



PROFIT BEFORE TAXATION

1,564,990


1,501,510




Tax on profit

6

247,753


170,337



PROFIT FOR THE FINANCIAL YEAR

1,317,237


1,331,173



Profit attributable to:

Owners of the parent

1,317,237


1,331,173




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Consolidated Other Comprehensive Income

for the Year Ended 31 May 2024



2024


2023


Notes

£   

£   



PROFIT FOR THE YEAR

1,317,237


1,331,173





OTHER COMPREHENSIVE INCOME  


Consolidation translation

(22,292

)

(742

)


Income tax relating to other comprehensive

income

-


-



OTHER COMPREHENSIVE INCOME

FOR THE YEAR, NET OF INCOME TAX

(22,292

)

(742

)


TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

1,294,945


1,330,431




Total comprehensive income attributable to:

Owners of the parent

1,294,945


1,330,431




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Consolidated Balance Sheet

31 May 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

9

1,081,096


1,217,194



Tangible assets

10

6,843,695


6,379,847



Investments

11

-


-



7,924,791


7,597,041




CURRENT ASSETS

Stocks

12

214,046


237,700



Debtors

13

1,166,600


1,801,527



Cash at bank and in hand

1,370,159


1,975,734



2,750,805


4,014,961



CREDITORS

Amounts falling due within one year

14

3,707,811


4,509,990



NET CURRENT LIABILITIES

(957,006

)

(495,029

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

6,967,785


7,102,012




CREDITORS

Amounts falling due after more than one

year

15

(2,917,631

)

(4,096,966

)



PROVISIONS FOR LIABILITIES

19

(407,758

)

(357,595

)


NET ASSETS

3,642,396


2,647,451




CAPITAL AND RESERVES

Called up share capital

20

66


66



Retained earnings

21

3,642,330


2,647,385



SHAREHOLDERS' FUNDS

3,642,396


2,647,451




The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





M Simpson - Director




Mrs A Simpson - Director



Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Company Balance Sheet

31 May 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

9

1,445


12,970



Tangible assets

10

149,601


153,267



Investments

11

586


586



151,632


166,823




CURRENT ASSETS

Stocks

12

6,338


6,351



Debtors

13

1,911,137


1,860,734



Cash at bank

37,381


46,956



1,954,856


1,914,041



CREDITORS

Amounts falling due within one year

14

1,243,889


775,521



NET CURRENT ASSETS

710,967


1,138,520



TOTAL ASSETS LESS CURRENT

LIABILITIES

862,599


1,305,343




CREDITORS

Amounts falling due after more than one

year

15

(684,181

)

(1,026,010

)



PROVISIONS FOR LIABILITIES

19

(2,126

)

(1,980

)


NET ASSETS

176,292


277,353




CAPITAL AND RESERVES

Called up share capital

20

66


66



Retained earnings

21

176,226


277,287



SHAREHOLDERS' FUNDS

176,292


277,353




Company's profit for the financial year

198,939


369,564




The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.  


The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




Mrs A Simpson - Director




M Simpson - Director



Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Consolidated Statement of Changes in Equity

for the Year Ended 31 May 2024



Called up



share


Retained


Total


capital


earnings


equity

£   

£   

£   


Balance at 1 June 2022

66


1,526,954


1,527,020




Changes in equity

Dividends

-


(210,000

)

(210,000

)


Total comprehensive income

-


1,330,431


1,330,431



Balance at 31 May 2023

66


2,647,385


2,647,451




Changes in equity

Dividends

-


(300,000

)

(300,000

)


Total comprehensive income

-


1,294,945


1,294,945



Balance at 31 May 2024

66


3,642,330


3,642,396




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Company Statement of Changes in Equity

for the Year Ended 31 May 2024



Called up



share


Retained


Total


capital


earnings


equity

£   

£   

£   


Balance at 1 June 2022

66


117,723


117,789




Changes in equity

Dividends

-


(210,000

)

(210,000

)


Total comprehensive income

-


369,564


369,564



Balance at 31 May 2023

66


277,287


277,353




Changes in equity

Dividends

-


(300,000

)

(300,000

)


Total comprehensive income

-


198,939


198,939



Balance at 31 May 2024

66


176,226


176,292




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Consolidated Cash Flow Statement

for the Year Ended 31 May 2024



2024


2023


Notes

£   

£   


Cash flows from operating activities

Cash generated from operations

1

3,947,251


2,912,763



Interest paid

(458,307

)

(476,265

)


Interest element of hire purchase payments

paid

(9,991

)

(17,142

)


Tax paid

(263,777

)

(215,211

)


Net cash from operating activities

3,215,176


2,204,145




Cash flows from investing activities

Purchase of intangible fixed assets

-


(924,802

)


Purchase of tangible fixed assets

(1,875,211

)

(1,273,547

)


Sale of tangible fixed assets

100,970


12,012



Interest received

1,958


390



Net cash from investing activities

(1,772,283

)

(2,185,947

)



Cash flows from financing activities

New loans in year

300,000


2,000,000



Loan repayments in year

(1,903,844

)

(1,859,787

)


Capital repayments in year

(66,120

)

(157,044

)


Amount introduced by directors

1


-



Amount withdrawn by directors

(70,001

)

(75,361

)


Equity dividends paid

(300,000

)

(210,000

)


Net cash from financing activities

(2,039,964

)

(302,192

)



Decrease in cash and cash equivalents

(597,071

)

(283,994

)


Cash and cash equivalents at beginning of

year

2

1,972,976


2,288,740



Effect of foreign exchange rate changes

(5,746

)

(31,770

)


Cash and cash equivalents at end of year

2

1,370,159


1,972,976




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 May 2024


1.

RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM

OPERATIONS


2024


2023

£   

£   



Profit before taxation

1,564,990


1,501,510




Depreciation charges

1,455,857


1,198,503




Profit on disposal of fixed assets

(10,912

)

(1,317

)



Finance costs

468,298


493,407




Finance income

(1,958

)

(390

)


3,476,275


3,191,713




Decrease/(increase) in stocks

23,654


(38,090

)



Decrease/(increase) in trade and other debtors

704,927


(279,900

)



(Decrease)/increase in trade and other creditors

(257,605

)

39,040




Cash generated from operations

3,947,251


2,912,763




2.

CASH AND CASH EQUIVALENTS



The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:



Year ended 31 May 2024


31/5/24


1/6/23

£   

£   



Cash and cash equivalents

1,370,159


1,975,734




Bank overdrafts

-


(2,758

)


1,370,159


1,972,976




Year ended 31 May 2023


31/5/23


1/6/22

£   

£   



Cash and cash equivalents

1,975,734


2,289,885




Bank overdrafts

(2,758

)

(1,145

)


1,972,976


2,288,740





Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 May 2024


3.

ANALYSIS OF CHANGES IN NET DEBT



Other



non-cash



At 1/6/23

Cash flow

changes

At 31/5/24

£   

£   

£   

£   



Net cash



Cash at bank


and in hand

1,975,734


(605,575

)

1,370,159




Bank overdrafts

(2,758

)

2,758


-



1,972,976


(602,817

)

1,370,159




Debt


Finance leases

(115,244

)

66,120


-


(64,124

)



Debts falling due


within 1 year

(1,892,303

)

408,521


-


(1,483,782

)



Debts falling due


after 1 year

(3,863,715

)

1,195,324


-


(2,668,391

)


(5,871,262

)

1,669,965


-


(4,216,297

)



Total

(3,898,286

)

1,067,148


-


(2,846,138

)



Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements

for the Year Ended 31 May 2024


1.

STATUTORY INFORMATION



Funky Monkeys Playcentres Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.  



Basis of consolidation


The group financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 May 2024.



Subsidiary undertakings are included using the acquisitions method of accounting.  Under this method the group profit and loss account and statement of cashflows include the results and cashflows of subsidiaries from the date of acquisition.  The subsidiary undertaking is translated using the closing rate method.



The financial statements have been prepared on a going concern basis.



Turnover

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


Goodwill


Goodwill, being the amount paid in connection with the acquisition of a business in 2023, 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.


Patents and licences are being amortised evenly over their estimated useful life of fourteen years.



Computer software is being amortised evenly over its estimated useful life of three years.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.  


Freehold property

-

2% on cost


Improvements to property

-  

10% on cost and Straight line over 15 years


Plant and machinery

-

20% on reducing balance


Fixtures and fittings

-

20% on reducing balance


Motor vehicles

-

20% on reducing balance


Computer equipment

-

25% on reducing balance



Stocks

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


Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


2.

ACCOUNTING POLICIES - continued


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.


Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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


Pension costs and other post-retirement benefits


The group operates a defined contribution pension scheme.  Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.


3.

EMPLOYEES AND DIRECTORS


2024


2023

£   

£   



Wages and salaries

4,769,749


4,031,703




Social security costs

362,287


321,225




Other pension costs

46,169


39,177



5,178,205


4,392,105





The average number of employees during the year was as follows:


2024


2023



Administration

428


393




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


3.

EMPLOYEES AND DIRECTORS - continued



2024


2023

£   

£   



Directors' remuneration

333,678


386,747





Information regarding the highest paid director is as follows:


2024


2023

£   

£   



Emoluments etc

111,245


128,939




4.

OPERATING PROFIT



The operating profit is stated after charging/(crediting):



2024


2023

£   

£   



Hire of plant and machinery

25,040


19,491




Other operating leases

1,602,964


1,482,022




Depreciation - owned assets

1,307,790


1,094,622




Depreciation - assets on hire purchase contracts

11,969


59,144




Profit on disposal of fixed assets

(10,912

)

(1,317

)



Goodwill amortisation

122,480


31,111




Patents and licences amortisation

13,600


13,601




Computer software amortisation

18


27




Auditors' remuneration

7,500


7,500




Foreign exchange differences

650


(32,463

)



5.

INTEREST PAYABLE AND SIMILAR EXPENSES



2024


2023

£   

£   



Loan interest

458,307


476,265




Hire purchase interest

9,991


17,142



468,298


493,407




6.

TAXATION



Analysis of the tax charge


The tax charge on the profit for the year was as follows:


2024


2023

£   

£   



Current tax:


Corporation tax

197,590


(16,396

)




Deferred tax

50,163


186,733




Tax on profit

247,753


170,337




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


6.

TAXATION - continued



Tax effects relating to effects of other comprehensive income




2024



Gross


Tax


Net


£   

£   

£   



Consolidation translation

(22,292

)

-


(22,292

)




2023



Gross


Tax


Net


£   

£   

£   



Consolidation translation

(742

)

-


(742

)



7.

INDIVIDUAL INCOME STATEMENT



As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.



8.

DIVIDENDS


2024


2023

£   

£   



Ordinary Share Capital shares of £1 each


Interim

300,000


210,000




9.

INTANGIBLE FIXED ASSETS



Group


Patents



and


Computer



Goodwill


licences


software


Totals

£   

£   

£   

£   



COST


At 1 June 2023


and 31 May 2024

1,224,802


180,390


1,939


1,407,131




AMORTISATION


At 1 June 2023

31,111


156,942


1,884


189,937




Amortisation for year

122,480


13,600


18


136,098




At 31 May 2024

153,591


170,542


1,902


326,035




NET BOOK VALUE


At 31 May 2024

1,071,211


9,848


37


1,081,096




At 31 May 2023

1,193,691


23,448


55


1,217,194




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


9.

INTANGIBLE FIXED ASSETS - continued



Company


Patents



and


Computer



licences


software


Totals

£   

£   

£   



COST


At 1 June 2023


and 31 May 2024

159,454


1,939


161,393




AMORTISATION


At 1 June 2023

146,539


1,884


148,423




Amortisation for year

11,507


18


11,525




At 31 May 2024

158,046


1,902


159,948




NET BOOK VALUE


At 31 May 2024

1,408


37


1,445




At 31 May 2023

12,915


55


12,970




10.

TANGIBLE FIXED ASSETS



Group


Improvements



Freehold


to


Plant and


property


property


machinery

£   

£   

£   



COST


At 1 June 2023

269,341


3,953,534


5,806,864




Additions

-


818,915


915,252




Disposals

-


-


(78,737

)



Exchange differences

-


(13,021

)

(13,983

)



Reclassification/transfer

(118,308

)

118,308


-




At 31 May 2024

151,033


4,877,736


6,629,396




DEPRECIATION


At 1 June 2023

12,844


1,607,507


2,597,766




Charge for year

3,021


426,057


752,248




Eliminated on disposal

-


-


(8,531

)



Exchange differences

-


(5,611

)

(6,902

)



At 31 May 2024

15,865


2,027,953


3,334,581




NET BOOK VALUE


At 31 May 2024

135,168


2,849,783


3,294,815




At 31 May 2023

256,497


2,346,027


3,209,098




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


10.

TANGIBLE FIXED ASSETS - continued



Group



Fixtures



and


Motor


Computer



fittings


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1 June 2023

865,599


23,200


285,310


11,203,848




Additions

77,664


38,100


40,280


1,890,211




Disposals

-


-


(22,234

)

(100,971

)



Exchange differences

(4,081

)

-


-


(31,085

)



Reclassification/transfer

-


-


-


-




At 31 May 2024

939,182


61,300


303,356


12,962,003




DEPRECIATION


At 1 June 2023

439,850


9,907


156,127


4,824,001




Charge for year

98,134


6,685


33,614


1,319,759




Eliminated on disposal

-


-


(2,382

)

(10,913

)



Exchange differences

(2,026

)

-


-


(14,539

)



At 31 May 2024

535,958


16,592


187,359


6,118,308




NET BOOK VALUE


At 31 May 2024

403,224


44,708


115,997


6,843,695




At 31 May 2023

425,749


13,293


129,183


6,379,847





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Improvements


Fixtures


to


Plant and


and


property


machinery


fittings

£   

£   

£   



COST


At 1 June 2023

55,442


382,245


118,390




Transfer to ownership

(55,442

)

(282,105

)

(118,390

)



At 31 May 2024

-


100,140


-




DEPRECIATION


At 1 June 2023

19,913


236,773


67,300




Charge for year

-


8,204


-




Transfer to ownership

(19,913

)

(177,651

)

(67,300

)



At 31 May 2024

-


67,326


-




NET BOOK VALUE


At 31 May 2024

-


32,814


-




At 31 May 2023

35,529


145,472


51,090




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


10.

TANGIBLE FIXED ASSETS - continued



Group


Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



COST


At 1 June 2023

23,200


12,283


591,560




Additions

18,600


-


18,600




Transfer to ownership

(9,200

)

(12,283

)

(477,420

)



At 31 May 2024

32,600


-


132,740




DEPRECIATION


At 1 June 2023

9,907


8,870


342,763




Charge for year

3,765


-


11,969




Transfer to ownership

(5,432

)

(8,870

)

(279,166

)



At 31 May 2024

8,240


-


75,566




NET BOOK VALUE


At 31 May 2024

24,360


-


57,174




At 31 May 2023

13,293


3,413


248,797





Company


Improvements



Freehold


to


Plant and


property


property


machinery

£   

£   

£   



COST


At 1 June 2023

151,033


11,139


885




Additions

-


-


-




At 31 May 2024

151,033


11,139


885




DEPRECIATION


At 1 June 2023

12,844


4,624


73




Charge for year

3,021


1,113


163




At 31 May 2024

15,865


5,737


236




NET BOOK VALUE


At 31 May 2024

135,168


5,402


649




At 31 May 2023

138,189


6,515


812




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


10.

TANGIBLE FIXED ASSETS - continued



Company



Fixtures



and


Computer



fittings


equipment


Totals

£   

£   

£   



COST


At 1 June 2023

12,307


18,149


193,513




Additions

2,200


904


3,104




At 31 May 2024

14,507


19,053


196,617




DEPRECIATION


At 1 June 2023

8,760


13,945


40,246




Charge for year

1,206


1,267


6,770




At 31 May 2024

9,966


15,212


47,016




NET BOOK VALUE


At 31 May 2024

4,541


3,841


149,601




At 31 May 2023

3,547


4,204


153,267




11.

FIXED ASSET INVESTMENTS



Company


Shares in


group


undertakings

£   



COST


At 1 June 2023


and 31 May 2024

586




NET BOOK VALUE


At 31 May 2024

586




At 31 May 2023

586





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



Subsidiaries



Funky Monkeys Softplay Newport Ltd


Registered office: 9 Castlewellan Road, Rathfriland, Newry, Co. Down, Northern Ireland, BT34 5LY


Nature of business: Kids softplay area and café.


%


Class of shares:

holding



Ordinary £1 shares

100.00



Funky Monkeys Playcentres Ltd owns 100.0% of the ordinary share capital in Funky Monkeys Softplay Newport Ltd.


Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


11.

FIXED ASSET INVESTMENTS - continued



Funky Monkeys Softplay Clarehall Limited


Registered office: Clarehall Shopping Centre, Malahide Road, Dublin, Republic of Ireland


Nature of business: Kids softplay area and café.


%


Class of shares:

holding



Ordinary €1 shares

100.00



Funky Monkeys Playcentres Ltd owns 100.0% of the ordinary share capital in Funky Monkeys Softplay Clarehall Limited.


Funky Monkeys Softplay Dundonald Ltd


Registered office: 9 Castlewellan Road, Rathfriland, Newry, Co. Down, Northern Ireland, BT34 5LY


Nature of business: Kids softplay area and café.


%


Class of shares:

holding



Ordinary £1 shares

100.00



Funky Monkeys Playcentres Ltd owns 100.0% of the ordinary share capital in Funky Monkeys Softplay Dundonald Limited.


Funky Monkeys Softplay West Brom Ltd


Registered office: 9 Castlewellan Road, Rathfriland, Newry, Co. Down, Northern Ireland, BT34 5LY


Nature of business: Kids softplay area and café


%


Class of shares:

holding



Ordinary £1 shares

100.00



Funky Monkeys Playcentres Ltd owns 100.0% of the ordinary share capital in Funky Monkeys Softplay West Brom Limited.


Air-Tastic Limited


Registered office: 9 Castlewellan Road, Rathfriland, Newry, Co. Down, Northern Ireland, BT34 5LY


Nature of business: Indoor Leisure


%


Class of shares:

holding



Ordinary £1 shares

100.00



Funky Monkeys Playcentres Ltd owns 100.0% of the ordinary share capital in Air-Tastic Limited.


Captain Greens Limited


Registered office: 9 Castlewellan Road, Rathfriland, Newry, Co. Down, Northern Ireland, BT34 5LY


Nature of business: Indoor Leisure


%


Class of shares:

holding



Ordinary £1 shares

100.00



Funky Monkeys Playcentres Ltd owns 100.0% of the ordinary share capital in Captain Greens Limited.


12.

STOCKS



Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Finished goods

214,046


237,700


6,338


6,351




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


13.

DEBTORS



Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Amounts falling due within one year:



Trade debtors

216,988


100,270


242,678


6,893




Amounts owed by group undertakings

-


-


719,161


659,184




Other debtors

30,473


69,805


15,859


17,806




Directors' current accounts

329,500


259,500


329,500


259,500




Prepayments and accrued income

589,639


1,371,952


123,548


187,906



1,166,600


1,801,527


1,430,746


1,131,289





Amounts falling due after more than one

year:



Amounts owed by group undertakings

-


-


480,391


729,445





Aggregate amounts

1,166,600


1,801,527


1,911,137


1,860,734




14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR




Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Bank loans and overdrafts (see note 16)

826,096


1,011,701


342,808


342,374




Other loans (see note 16)

657,686


883,360


-


-




Hire purchase contracts  (see note 17)

53,271


65,326


-


-




Trade creditors

491,546


768,052


19,276


23,408




Amounts owed to group undertakings

-


-


924,405


444,357




Tax

50,210


116,397


(132,363

)

(92,633

)



Social security and other taxes

197,980


263,176


23,758


25,385




VAT

134,067


298,152


38,039


2,889




Other creditors

495,899


566,964


-


-




Accruals and deferred income

801,056


536,862


27,966


29,741



3,707,811


4,509,990


1,243,889


775,521




15.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR




Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Bank loans (see note 16)

2,066,975


2,968,013


684,181


1,026,010




Other loans (see note 16)

601,416


895,702


-


-




Hire purchase contracts  (see note 17)

10,853


49,918


-


-




Social security and other taxes

155,054


-


-


-




Other creditors

83,333


183,333


-


-



2,917,631


4,096,966


684,181


1,026,010




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


16.

LOANS



An analysis of the maturity of loans is given below:



Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Amounts falling due within one year or on

demand:



Bank overdrafts

-


2,758


976


821




Bank loans

826,096


1,008,943


341,832


341,553




Other loans

657,686


883,360


-


-



1,483,782


1,895,061


342,808


342,374




Amounts falling due between one and two

years:



Bank loans - 1-2 years

772,247


903,882


342,124


341,832




Other loans - 1-2 years

415,452


608,194


-


-



1,187,699


1,512,076


342,124


341,832




Amounts falling due between two and five

years:



Bank loans - 2-5 years

1,267,925


1,750,827


315,254


648,654




Other loans - 2-5 years

185,964


287,508


-


-



1,453,889


2,038,335


315,254


648,654




Amounts falling due in more than five years:



Repayable by instalments


Bank loans more 5 yr by instal

26,803


313,304


26,803


35,524




17.

LEASING AGREEMENTS



Minimum lease payments fall due as follows:



Group


Hire purchase contracts


2024

2023


£   

£   



Net obligations repayable:


Within one year

53,271


65,326




Between one and five years

10,853


49,918



64,124


115,244




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


17.

LEASING AGREEMENTS - continued



Group


Non-cancellable operating

leases


2024

2023


£   

£   



Within one year

1,491,815


1,573,090




Between one and five years

5,585,535


5,426,907




In more than five years

5,747,958


6,027,303



12,825,308


13,027,300




18.

SECURED DEBTS



The following secured debts are included within creditors:



Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Bank loans

2,893,071


3,976,956


1,026,013


1,367,563




Other loans

1,259,102


1,779,062


-


-




Hire purchase contracts

64,124


115,244


-


-



4,216,297


5,871,262


1,026,013


1,367,563





Loans are secured by: fixed and floating charges over the group companies; a charge over the property located at 9 Castlewellan Road, Rathfriland, Co. Down; an inter-company cross guarantee; and personal guarantees provided by the directors.



Within Other loans there are loans (£125,302) secured by a corporate guarantee provided by Funky Monkeys Playcentres Limited - these loans relate to assets which the lender purports to include a reservation of title clause in their condition of sale.


19.

PROVISIONS FOR LIABILITIES



Group


Company


2024

2023

2024

2023


£   

£   

£   

£   



Deferred tax

407,758


357,595


2,126


1,980





Group


Deferred



tax


£   



Balance at 1 June 2023

357,595




Provided during year

50,163




Balance at 31 May 2024

407,758




Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


19.

PROVISIONS FOR LIABILITIES - continued



Company


Deferred



tax


£   



Balance at 1 June 2023

1,980




Provided during year

146




Balance at 31 May 2024

2,126




20.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



66

Ordinary Share Capital

£1

66


66




21.

RESERVES



Group


Retained


earnings

£   




At 1 June 2023

2,647,385




Profit for the year

1,317,237




Dividends

(300,000

)



Consolidation translation

(22,292

)



At 31 May 2024

3,642,330





Company


Retained


earnings

£   




At 1 June 2023

277,287




Profit for the year

198,939




Dividends

(300,000

)



At 31 May 2024

176,226





Funky Monkeys Playcentres Ltd (Registered number: NI602524)


Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2024


22.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:


2024

2023


£   

£   



M Simpson


Balance outstanding at start of year

90,559


65,646




Amounts advanced

123,503


94,913




Amounts repaid

(100,000

)

(70,000

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

114,062


90,559





Mrs A Simpson


Balance outstanding at start of year

90,559


65,646




Amounts advanced

123,503


94,913




Amounts repaid

(100,000

)

(70,000

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

114,062


90,559





H Moore


Balance outstanding at start of year

78,382


52,849




Amounts advanced

122,994


95,533




Amounts repaid

(100,000

)

(70,000

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

101,376


78,382





During the year, total dividends of £300,000 were paid to the directors.