Registration number: 05223326

Waterworld Leisure Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Waterworld Leisure Limited

Company Information

Directors

Mr M I Chaudry Mrs A Chaudry Mr W A Goodall

Company secretary

Mrs A Chaudry

Registered office

Waterworld Leisure Resort Festival Way Stoke on Trent Staffordshire ST1 5PU

Auditors

The Citrus Group Suite 2a, 7th Floor City Reach 5 Greenwich View Place London E14 9NN

Waterworld Leisure Limited

(Registration number: 05223326)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	1,387,038	698,573
Current assets
Stocks	6	48,729	-
Debtors	7	4,550,951	1,342,885
Cash at bank and in hand		181,777	162,293
		4,781,457	1,505,178
Creditors: Amounts falling due within one year	8	(1,426,338)	(1,468,828)
Net current assets		3,355,119	36,350
Total assets less current liabilities		4,742,157	734,923
Provisions for liabilities		(347,747)	(172,189)
Net assets		4,394,410	562,734
Capital and reserves
Called up share capital		191	191
Retained earnings		4,394,219	562,543
Shareholders' funds		4,394,410	562,734

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:
 

......................................... Mr M I Chaudry Director

Waterworld Leisure Limited

Notes to the 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:
Waterworld Leisure Resort
Festival Way
Stoke on Trent
Staffordshire
ST1 5PU

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 April 2025 was Mr N Ahmad, who signed for and on behalf of The Citrus Group.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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.

Waterworld Leisure Limited

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

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:

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.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
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 profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Waterworld Leisure Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 165 (2023 - 157).

4	Profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	312,494	172,831

Waterworld Leisure Limited

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

5	Tangible assets

	Plant and machinery  £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	972,710	95,791	75,500	1,144,001
Additions	1,000,959	-	-	1,000,959
Disposals	-	-	(3,500)	(3,500)
At 31 December 2024	1,973,669	95,791	72,000	2,141,460
Depreciation
At 1 January 2024	356,391	71,137	17,900	445,428
Charge for the year	294,396	3,698	14,400	312,494
Eliminated on disposal	-	-	(3,500)	(3,500)
At 31 December 2024	650,787	74,835	28,800	754,422
Carrying amount
At 31 December 2024	1,322,882	20,956	43,200	1,387,038
At 31 December 2023	616,319	24,654	57,600	698,573

6

Stocks

	2024 £	2023 £
Other inventories	48,729	-

7

Debtors

	Note	2024 £	2023 £
Trade debtors		2,142	2,892
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10	4,306,764	1,139,978
Other debtors		242,045	200,015
		4,550,951	1,342,885

Waterworld Leisure Limited

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

8

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		116,052	209,170
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	40,800	-
Taxation and social security		1,121,726	1,132,810
Other creditors		147,760	126,848
		1,426,338	1,468,828

9	Financial commitments, guarantees and contingencies

The entities principal bankers hold a fixed and floating charge over all the assets owned by the company. This was satisfied during the year.

10	Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Waterworld Leisure Limited

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

11	Ultimate parent company

The immediate parent company is Waterworld Leisure Group Limited and the ultimate parent company is M Investment Group Limited.

Copies of the consolidated financial statements can be obtained from the company at Queens Gardens Business Centre, 31 Ironmarket, Newcastle, Staffs, ST5 1RP.

The controlling party is Waterworld Leisure Group Limited and the ultimate controling parties are the directors/shareholders of M Investment Group Limited.