REGISTERED NUMBER: 01901871 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Sundown Pets Garden Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

6

Other Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

Mrs G S Corr

Mrs D Griffin

S Malvern

REGISTERED OFFICE:

Treswell Road

Rampton

Nr Retford

Nottinghamshire

DN22 0HX

REGISTERED NUMBER:

01901871 (England and Wales)

SENIOR STATUTORY AUDITOR:

Samantha Hutton FCCA

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Network House

Stubs Beck Lane

Cleckheaton

BD19 4TT

The principal activities of the company for the year under review was that of operating an adventure theme park for younger children and accommodation at a holiday village, which trades under the name of "Sundown Adventureland".

REVIEW OF BUSINESS

Turnover increased by 10.2% compared to 2023, principally arising due to additional accommodation being available for customers at Wild Acre Village, the holiday accommodation immediately adjacent to the theme park.

Operating profit decreased from £667,113 to £483,834. This was principally due to an increase in wages costs arising from external pressures and legislation changes.

Profit/(Loss) before tax decreased from £188,710 to £(17,237), the further reduction in profits being due to the impact of interest on the company’s bank loans.

Profit/(Loss) after tax for the year amounted to £(34,053) compared to a profit of £70,082 in 2023. Notwithstanding the downturn in profit, the directors consider the underlying profitability of the company, especially the EBITDA, to be very strong. They are therefore satisfied with the performance of the company and anticipate an improved trading performance in 2025.

Net assets total £7,406,116 compared to £7,475,133, which the directors consider to be a very satisfactory state of affairs.

PRINCIPAL RISKS AND UNCERTAINTIES

In normal times, the company considers that the principal risk and uncertainty of the business is the weather. As a major visitor attraction, the visitor and revenue figures are very much dependent on the weather, especially at key times such as Easter and Christmas. The company has mitigated these risks as far as possible by having invested substantially in indoor attractions.

Although it would appear that the risks from Covid are now behind us, but it cannot be ruled out that a similar problem could arise in the future. It would also be true to recognise that we are all living in increasingly uncertain times, which could also adversely impact on visitor numbers and spend in the future.

Nevertheless, the directors consider the current financial strength of the company to be very strong as shown by its long history of successful trading and the company should be well placed to withstand further disruption, even though it would be very unwelcome.

KEY PERFORMANCE INDICATORS

The directors monitor the progress of the company by reference to the following KPIs:

2025

2024

£

£

Turnover

6,352,202

5,766,565

Gross profit percentage

48.9%

52.7%

Net profit percentage

-0.3%

3.3%

The directors consider visitor numbers and visitor spends to be the main non-financial key performance indicators.

FUTURE PLANS

The directors plan to continue investment in new assets and development of the theme park and holiday village, whilst implementing cost saving measures to improve efficiency and profitability in the long term.

ON BEHALF OF THE BOARD:

Mrs D Griffin - Director

2 September 2025

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

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of operating an adventure theme park for younger children and accommodation at a holiday village.

DIVIDENDS

No interim dividend was paid during the year. The directors recommend a final dividend of 58.2733333 per share.

The total distribution of dividends for the year ended 31 December 2024 will be £ 34,964 .

DIRECTORS

The directors during the year under review were:

Mrs G S Corr

Mrs D Griffin

S Malvern

The directors holding office at 31 December 2024 did not hold any beneficial interest in the issued share capital of the company at 1 January 2024 or 31 December 2024.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 company'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 company's auditors are aware of that information.

AUDITORS

The auditors, KJA Kilner Johnson Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs D Griffin - Director

2 September 2025

Opinion

We have audited the financial statements of Sundown Pets Garden Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 December 2024 and of its loss 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 company 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 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 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 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 Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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 Statement of Directors' Responsibilities 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 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 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:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

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.

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.

Samantha Hutton FCCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Network House

Stubs Beck Lane

Cleckheaton

BD19 4TT

2 September 2025

TURNOVER

3

6,352,202

5,766,565

Cost of sales

3,436,919

2,851,314

GROSS PROFIT

2,915,283

2,915,251

Administrative expenses

2,471,280

2,267,696

444,003

647,555

Other operating income

39,831

19,558

OPERATING PROFIT

5

483,834

667,113

Interest receivable and similar income

1,839

784

485,673

667,897

Interest payable and similar expenses

6

502,910

479,187

(LOSS)/PROFIT BEFORE TAXATION

(17,237

)

188,710

Tax on (loss)/profit

7

16,816

118,628

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(34,053

)

70,082

(LOSS)/PROFIT FOR THE YEAR

(34,053

)

70,082

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(34,053

)

Prior year adjustment

(208,665

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

(138,583

)

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

13,032,409

13,510,289

13,032,409

13,510,289

CURRENT ASSETS

Stocks

12

421,827

423,933

Debtors

13

235,777

231,478

Cash at bank and in hand

808,663

558,628

1,466,267

1,214,039

CREDITORS

Amounts falling due within one year

14

1,014,925

879,196

NET CURRENT ASSETS

451,342

334,843

TOTAL ASSETS LESS CURRENT LIABILITIES

13,483,751

13,845,132

CREDITORS

Amounts falling due after more than one year

15

(5,072,757

)

(5,381,933

)

PROVISIONS FOR LIABILITIES

19

(1,004,878

)

(988,066

)

NET ASSETS

7,406,116

7,475,133

CAPITAL AND RESERVES

Called up share capital

20

600

600

Capital redemption reserve

21

400

400

Capital contribution reserve

21

769,760

769,760

Retained earnings

21

6,635,356

6,704,373

SHAREHOLDERS' FUNDS

7,406,116

7,475,133

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

S Malvern - Director

Called up

Capital

Capital

share

Retained

redemption

contribution

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 January 2023

600

6,842,956

400

769,760

7,613,716

Prior year adjustment

-

(208,665

)

-

-

(208,665

)

As restated

600

6,634,291

400

769,760

7,405,051

Changes in equity

Total comprehensive income

-

70,082

-

-

70,082

Balance at 31 December 2023

600

6,704,373

400

769,760

7,475,133

Changes in equity

Dividends

-

(34,964

)

-

-

(34,964

)

Total comprehensive income

-

(34,053

)

-

-

(34,053

)

Balance at 31 December 2024

600

6,635,356

400

769,760

7,406,116

Cash flows from operating activities

Cash generated from operations

1

1,625,164

1,263,616

Interest paid

(451,415

)

(430,491

)

Interest element of hire purchase payments paid

(51,495

)

(48,696

)

Tax paid

19,212

(7,719

)

Net cash from operating activities

1,141,466

776,710

Cash flows from investing activities

Purchase of tangible fixed assets

(349,660

)

(671,660

)

Sale of tangible fixed assets

10,766

-

Interest received

1,839

784

Net cash from investing activities

(337,055

)

(670,876

)

Cash flows from financing activities

New loans in year

-

250,000

Loan repayments in year

(266,458

)

(242,004

)

New hire purchase loans

-

200,000

Hire purchase repayments in year

(46,288

)

(43,279

)

Amount introduced by directors

860

-

Amount withdrawn by directors

(207,526

)

(63,099

)

Equity dividends paid

(34,964

)

-

Net cash from financing activities

(554,376

)

101,618

Increase in cash and cash equivalents

250,035

207,452

Cash and cash equivalents at beginning of year

2

558,628

351,176

Cash and cash equivalents at end of year

2

808,663

558,628

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

(Loss)/profit before taxation

(17,237

)

188,710

Depreciation charges

816,879

813,070

Profit on disposal of fixed assets

(105

)

-

Finance costs

502,910

479,187

Finance income

(1,839

)

(784

)

1,300,608

1,480,183

Decrease/(increase) in stocks

2,106

(154,471

)

Decrease in trade and other debtors

151,343

76,844

Increase/(decrease) in trade and other creditors

171,107

(138,940

)

Cash generated from operations

1,625,164

1,263,616

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 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

808,663

558,628

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

558,628

351,176

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

558,628

250,035

808,663

558,628

250,035

808,663

Debt

Finance leases

(626,974

)

46,288

(580,686

)

Debts falling due within 1 year

(270,899

)

3,569

(267,330

)

Debts falling due after 1 year

(4,801,248

)

262,888

(4,538,360

)

(5,699,121

)

312,745

(5,386,376

)

Total

(5,140,493

)

562,780

(4,577,713

)

1.	STATUTORY INFORMATION

Sundown Pets Garden 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sale of park tickets, accommodation, and food from retail outlets, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised.

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.

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

-

in accordance with the property

Improvements to property

-

33% straight line, 5% straight line and 2% straight line

Plant and machinery

-

25% reducing balance, 20% straight line, 10% straight line and 10% reducing balance

Fixtures and fittings

-

15% reducing balance, 10% reducing balance and 5% straight line

Motor vehicles

-

20% reducing balance

Computer equipment

-

33% reducing balance

Freehold property and certain other assets are not depreciated for the reasons set out in Note 11 to the accounts.

Stocks

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

Taxation

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

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 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.

Gifts of assets

Gifts of assets to the company are recorded at fair value. Deferred taxation is provided in instances where the company has taken over a tax liability where holdover relief has been claimed.

3.

TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2024

2023

£

£

Park tickets

3,293,117

3,188,807

Accommodation

1,051,198

735,056

Retail

2,007,887

1,842,702

6,352,202

5,766,565

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

2,413,309

1,990,782

Social security costs

173,409

141,374

Other pension costs

32,802

27,854

2,619,520

2,160,010

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

2024

2023

Directors

3

3

Park and support staff

128

122

131

125

The above numbers of employees include part-time and seasonal staff.

2024

2023

£

£

Directors' remuneration

177,682

135,560

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

5.	OPERATING PROFIT

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

2024

2023

£

£

Hoseasons sales commissions

224,715

135,239

Depreciation - owned assets

766,055

762,246

Depreciation - assets on hire purchase contracts

50,824

50,824

Profit on disposal of fixed assets

(105

)

-

Auditors' remuneration

10,500

10,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

408,125

389,886

Interest on overdue taxation

1,419

-

Loan

41,871

40,605

Hire purchase

51,495

48,696

502,910

479,187

7.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Deferred tax

16,816

118,628

Tax on (loss)/profit

16,816

118,628

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024

2023

£

£

(Loss)/profit before tax

(17,237

)

188,710

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.500%)

(4,309

)

44,347

Effects of:

Expenses not deductible for tax purposes

14,798

56

Prior year adjustment

6,271

-

Other

56

74,225

Total tax charge

16,816

118,628

8.

DIVIDENDS

2024

2023

£

£

Ordinary shares of £1 each

Final

34,964

-

9.	PRIOR YEAR ADJUSTMENT

The provision for deferred taxation as at 31.12.22 was re-stated in 2023 to reflect the increase in the corporation tax rate from 19% to 25%.