REGISTERED NUMBER: 10886692 (England and Wales)

WOLDS WILDLIFE PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 MARCH 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A G Riddel

REGISTERED OFFICE:

Homefield Farm

Hemingby Lane

Horncastle

Lincolnshire

LN9 5PN

REGISTERED NUMBER:

10886692 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Oxley House

Lincoln Way

Louth

Lincolnshire

LN11 0LS

FIXED ASSETS

Tangible assets

4

1,298,344

1,184,861

CURRENT ASSETS

Stocks

2,000

5,500

Debtors

5

33,535

43,545

Cash at bank and in hand

5,171

2,240

40,706

51,285

CREDITORS

Amounts falling due within one year

6

352,625

142,917

NET CURRENT LIABILITIES

(311,919

)

(91,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

986,425

1,093,229

CREDITORS

Amounts falling due after more than one year

7

1,147,063

1,197,367

NET LIABILITIES

(160,638

)

(104,138

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(160,738

)

(104,238

)

SHAREHOLDERS' FUNDS

(160,638

)

(104,138

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 and authorised for issue by the director and authorised for issue on 29 August 2025 and were signed by:

A G Riddel - Director

1.	STATUTORY INFORMATION

Wolds Wildlife Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Enclosure, buildings and infrastructure

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Animals

-

not provided

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

Going concern

Despite negative shareholder fund the directors considers that the going concern basis is appropriate since they will not demand full payment of their current account balance until the company is in a position to repay their balance without affecting its ability to trade.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Enclosure,

buildings

Fixtures

and

Plant and

and

infrastructure

machinery

fittings

£

£

£

COST

At 1 April 2023

999,270

148,354

4,054

Additions

86,593

1,681

1,763

Disposals

-

(3,587

)

-

At 30 March 2024

1,085,863

146,448

5,817

DEPRECIATION

At 1 April 2023

-

38,288

1,848

Charge for period

-

16,716

906

At 30 March 2024

-

55,004

2,754

NET BOOK VALUE

At 30 March 2024

1,085,863

91,444

3,063

At 31 March 2023

999,270

110,066

2,206

Motor

vehicles

Animals

Totals

£

£

£

COST

At 1 April 2023

-

73,319

1,224,997

Additions

57,931

-

147,968

Disposals

-

-

(3,587

)

At 30 March 2024

57,931

73,319

1,369,378

DEPRECIATION

At 1 April 2023

-

-

40,136

Charge for period

13,276

-

30,898

At 30 March 2024

13,276

-

71,034

NET BOOK VALUE

At 30 March 2024

44,655

73,319

1,298,344

At 31 March 2023

-

73,319

1,184,861

The net book value of tangible fixed assets includes £44,655 (31 March 2023: £Nil) in respect of assets held under a loan contract.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,296

1,855

Other debtors

30,239

41,690

33,535

43,545

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

133,810

98,901

Taxation and social security

22,554

26,417

Other creditors

196,261

17,599

352,625

142,917

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

1,147,063

1,197,367

Included in other creditors due after one year are balances of £1,0694,71.20 (31 March 2023: £975,665) and £77,592 (31 March 2023:: 77,592) for A Riddel Scrap Metal and Skip Hire Limited and Winter Circus Productions Limited respectively, which are companies under the common control of one of the directors.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

62,171

-

The loan shown in other creditors under one year is secured on assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

ordinary

£1

100

100