5 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10947853 2023-10-01 2024-09-30 10947853 2024-09-30 10947853 2023-09-30 10947853 2022-10-01 2023-09-30 10947853 2023-09-30 10947853 2022-09-30 10947853 bus:Director1 2023-10-01 2024-09-30 10947853 bus:Director2 2023-10-01 2024-09-30 10947853 bus:Director3 2023-10-01 2024-09-30 10947853 core:PlantMachinery 2023-09-30 10947853 core:PlantMachinery 2024-09-30 10947853 core:WithinOneYear 2024-09-30 10947853 core:WithinOneYear 2023-09-30 10947853 core:AfterOneYear 2024-09-30 10947853 core:AfterOneYear 2023-09-30 10947853 core:ShareCapital 2024-09-30 10947853 core:ShareCapital 2023-09-30 10947853 core:RetainedEarningsAccumulatedLosses 2024-09-30 10947853 core:RetainedEarningsAccumulatedLosses 2023-09-30 10947853 core:PlantMachinery 2023-10-01 2024-09-30 10947853 core:PlantMachinery 2023-09-30 10947853 bus:SmallEntities 2023-10-01 2024-09-30 10947853 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10947853 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10947853 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10947853 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 10947853
Premier Attractions Limited
Unaudited filleted financial statements
30 September 2024
Premier Attractions Limited
Contents
Directors report
Statement of financial position
Notes to the financial statements
Premier Attractions Limited
Directors report
Year ended 30 September 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2024.
Directors
The directors who served the company during the year were as follows:
Mr Frederick Harrison Stokes
Mr Davis Stokes
Mr Spencer John Stokes
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 16 May 2025 and signed on behalf of the board by:
Mr Frederick Harrison Stokes
Director
Premier Attractions Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 912,917 946,852
_______ _______
912,917 946,852
Current assets
Debtors 6 316,623 200,660
Cash at bank and in hand 149,285 127,607
_______ _______
465,908 328,267
Creditors: amounts falling due
within one year 7 ( 248,048) ( 290,727)
_______ _______
Net current assets 217,860 37,540
_______ _______
Total assets less current liabilities 1,130,777 984,392
Creditors: amounts falling due
after more than one year 8 ( 51,221) ( 112,146)
Provisions for liabilities ( 163,376) ( 138,095)
_______ _______
Net assets 916,180 734,151
_______ _______
Capital and reserves
Called up share capital 150 150
Profit and loss account 916,030 734,001
_______ _______
Shareholders funds 916,180 734,151
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
Mr Frederick Harrison Stokes
Director
Company registration number: 10947853
Premier Attractions Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 6 Brookdale Park, Ravenscraig Road, Little Hulton, Greater Manchester, M38 9BB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 October 2023 1,427,401 1,427,401
Additions 67,500 67,500
_______ _______
At 30 September 2024 1,494,901 1,494,901
_______ _______
Depreciation
At 1 October 2023 480,549 480,549
Charge for the year 101,435 101,435
_______ _______
At 30 September 2024 581,984 581,984
_______ _______
Carrying amount
At 30 September 2024 912,917 912,917
_______ _______
At 30 September 2023 946,852 946,852
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 316,623 200,660
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 22,294 43,000
Corporation tax 21,337 -
Social security and other taxes 1,859 -
Other creditors 202,558 247,727
_______ _______
248,048 290,727
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 51,221 112,146
_______ _______