40 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10438076 2024-01-01 2024-12-31 10438076 2024-12-31 10438076 2023-12-31 10438076 2023-01-01 2023-12-31 10438076 2023-12-31 10438076 2022-12-31 10438076 bus:RegisteredOffice 2024-01-01 2024-12-31 10438076 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 10438076 bus:Director1 2024-01-01 2024-12-31 10438076 core:WithinOneYear 2024-12-31 10438076 core:WithinOneYear 2023-12-31 10438076 core:AfterOneYear 2024-12-31 10438076 core:AfterOneYear 2023-12-31 10438076 core:ShareCapital 2024-12-31 10438076 core:ShareCapital 2023-12-31 10438076 core:RetainedEarningsAccumulatedLosses 2024-12-31 10438076 core:RetainedEarningsAccumulatedLosses 2023-12-31 10438076 bus:SmallEntities 2024-01-01 2024-12-31 10438076 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10438076 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10438076 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10438076 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 10438076
Aqua Park Rutland Limited
Unaudited filleted financial statements
31 December 2024
Aqua Park Rutland Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Aqua Park Rutland Limited
Directors and other information
Director Mr Simon James
Company number 10438076
Registered office Suite 4 Europa House
Europa Way
Lichfield
Staffordshire
WS14 9TZ
Business address Water Sports Centre
Bull Brigg Lane, Whitwell
Oakham
Rutland
LE15 8BL
Accountants Lindley & Co
Suite 4 Europa House
Europa Way
Lichfield
Staffordshire
WS14 9TZ
Aqua Park Rutland Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Aqua Park Rutland Limited
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aqua Park Rutland Limited for the year ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Aqua Park Rutland Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aqua Park Rutland Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aqua Park Rutland Limited and its director as a body for our work or for this report.
It is your duty to ensure that Aqua Park Rutland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aqua Park Rutland Limited. You consider that Aqua Park Rutland Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Aqua Park Rutland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Lindley & Co
Chartered Certified Accountants
Suite 4 Europa House
Europa Way
Lichfield
Staffordshire
WS14 9TZ
7 August 2025
Aqua Park Rutland Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Current assets
Stocks 18,883 21,408
Debtors 5 88,319 67,696
Cash at bank and in hand 8,126 11,459
_______ _______
115,328 100,563
Creditors: amounts falling due
within one year 6 ( 132,849) ( 115,959)
_______ _______
Net current liabilities ( 17,521) ( 15,396)
_______ _______
Total assets less current liabilities ( 17,521) ( 15,396)
Creditors: amounts falling due
after more than one year 7 ( 5,585) ( 14,869)
_______ _______
Net liabilities ( 23,106) ( 30,265)
_______ _______
Capital and reserves
Called up share capital 400 400
Profit and loss account ( 23,506) ( 30,665)
_______ _______
Shareholders deficit ( 23,106) ( 30,265)
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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 07 August 2025 , and are signed on behalf of the board by:
Mr Simon James
Director
Company registration number: 10438076
Aqua Park Rutland Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Suite 4 Europa House, Europa Way, Lichfield, Staffordshire, WS14 9TZ.
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.
Going concern
The accounts have been prepared on a going concern basis assuming the continued support of the company's director and bankers.
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.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 40 (2023: 45 ).
5. Debtors
2024 2023
£ £
Trade debtors 9,180 832
Other debtors 79,139 66,864
_______ _______
88,319 67,696
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors - 102,797
Amounts owed to group undertakings and undertakings in which the company has a participating interest 107,400 -
Corporation tax 1,849 1,799
Social security and other taxes - 1,070
Other creditors 13,600 293
_______ _______
132,849 115,959
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 5,585 14,869
_______ _______
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Aqua Parks Group Limited 400,000 380,000 ( 107,400) ( 102,679)
_______ _______ _______ _______
9. Controlling party
The company is a wholly owned subsidiary of Aqua Parks Group Limited who acquired the shares on 1 October 2024.