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Registration number: 04589075

The Fun Experts Holdings Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

The Fun Experts Holdings Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 11

The Fun Experts Holdings Ltd

Company Information

Directors | Mr James Sandwell Mrs Sunny Sandwell

Company secretary | Mrs Sunny Sandwell

Registered office | 4 Enterprise Workshops Chain Caul Way Ashton-On-Ribble Preston PR2 2YL

Accountants | Williamson Croft Accountants Limited Chartered Certified AccountantsYork House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Fun Experts Holdings Ltd
for the 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 accounts of The Fun Experts Holdings Ltd for the year ended 31 December 2024 as set out on pages 3 to 11 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 https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of The Fun Experts Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of The Fun Experts Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of The Fun Experts Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Fun Experts Holdings Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Fun Experts Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Fun Experts Holdings Ltd. You consider that The Fun Experts Holdings Ltd 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 accounts of The Fun Experts Holdings Ltd. 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 accounts.

......................................
Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

12 September 2025

The Fun Experts Holdings Ltd

(Registration number: 04589075)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 524,648 | 398,401
Investments | 5 | 100 | 100
|  | 524,748 | 398,501
Current assets |  |  |
Debtors | 6 | 127,151 | 14,093
Cash at bank and in hand |  | 655,455 | 631,238
|  | 782,606 | 645,331
Creditors: Amounts falling due within one year | 7 | (429,583) | (371,884)
Net current assets |  | 353,023 | 273,447
Total assets less current liabilities |  | 877,771 | 671,948
Creditors: Amounts falling due after more than one year | 7 | (84,395) | (134,740)
Provisions for liabilities |  | (131,162) | (99,600)
Net assets |  | 662,214 | 437,608
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Share premium reserve |  | 19,970 | 19,970
Retained earnings |  | 642,044 | 417,438
Shareholders' funds |  | 662,214 | 437,608

The Fun Experts Holdings Ltd

(Registration number: 04589075)
Balance Sheet as at 31 December 2024

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:

......................................... Mrs Sunny Sandwell Company secretary and director

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Enterprise Workshops
Chain Caul Way
Ashton-On-Ribble
Preston
PR2 2YL
United Kingdom

These financial statements were authorised for issue by the Board on 12 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Group accounts not prepared

The company is part of a small group. The group has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 10.00% Straight line
Plant & machinery | 12.50% Reducing balance
Computer equipment | 33.33% Reducing balance
Motor Vehicles | 25.00% Reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.
Assets held for use in operating leases are included as a separate category in fixed assets at cost and depreciated over their useful life.
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 46,993 | 1,011,401 | - | 1,058,394
Additions | - | 137,872 | 73,070 | 210,942
Disposals | - | (100,000) | - | (100,000)
At 31 December 2024 | 46,993 | 1,049,273 | 73,070 | 1,169,336
Depreciation
At 1 January 2024 | 43,728 | 616,265 | - | 659,993
Charge for the year | 3,265 | 70,774 | 10,656 | 84,695
Eliminated on disposal | - | (100,000) | - | (100,000)
At 31 December 2024 | 46,993 | 587,039 | 10,656 | 644,688
Carrying amount
At 31 December 2024 | - | 462,234 | 62,414 | 524,648
At 31 December 2023 | 3,265 | 395,136 | - | 398,401

5 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 January 2024 | 100
Provision
Carrying amount
At 31 December 2024 | 100
At 31 December 2023 | 100

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Debtors

| 2024 £ | 2023 £
Trade debtors | 600 | 420
Prepayments | 500 | 350
Other debtors | 126,051 | 13,323
| 127,151 | 14,093

7 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings |  | 96,787 | 55,190
Trade creditors |  | 4,528 | 2,938
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 270,599 | 241,483
Taxation and social security |  | 55,894 | 68,812
Accruals and deferred income |  | 1,775 | 2,007
Other creditors |  | - | 1,454
|  | 429,583 | 371,884

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 84,395 | 134,740

Included within loans and borrowings less than one year is £63,343 (2023: £55,190), and loans and borrowings greater than one year is £72,421 (2023: £134,740). This relates to commercial loans which are secured by way of a fixed and floating charge and negative pledge.
Included within loans and borrowings less than one year is £33,444 (2023: £Nil), and loans and borrowings greater than one year is £11,973 (2023: £Nil). This relates to hire purchase finance agreements which are secured by a fixed charge over the assets to which they relate.

The Fun Experts Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 200 | 200

9 | Related party transactions

The company has taken advantage of the exemption conferred by section 1A of FRS102 not to disclose transactions with wholly owned members of the group.

Transactions with directors

As at the year end there were amounts totalling £90,452 owed by the directors (2023: £1,454 owed to the directors). The amounts are unsecured, repayable on demand and interest is being charged.