REGISTERED NUMBER: 00842819 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARKSIDE LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C Sampson

Mrs G F Sampson

Mrs L K Whitnall

A Mansbridge

S Solazzo FCA

A C Smullen

T P Whitnall

SECRETARY:

Mrs G F Sampson

REGISTERED OFFICE:

Paradise Wildlife Park

White Stubbs Lane

Broxbourne

Hertfordshire

EN10 7QA

REGISTERED NUMBER:

00842819 (England and Wales)

ACCOUNTANTS:

Brindley Millen Ltd

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

SOLICITORS:

Longmores

24 Castle Street

Hertford

Hertfordshire

SG14 1HP

FIXED ASSETS

Intangible assets

4

23,475

23,475

Tangible assets

5

73,783

58,988

Investments

6

34,300

251,550

Investment property

7

6,244,749

7,250,494

6,376,307

7,584,507

CURRENT ASSETS

Debtors: amounts falling due within one year

8

407,461

16,635

Cash at bank

1,141,389

1,373,390

1,548,850

1,390,025

CREDITORS

Amounts falling due within one year

9

518,701

322,608

NET CURRENT ASSETS

1,030,149

1,067,417

TOTAL ASSETS LESS CURRENT LIABILITIES

7,406,456

8,651,924

PROVISIONS FOR LIABILITIES

10

5,296

740,319

NET ASSETS

7,401,160

7,911,605

CAPITAL AND RESERVES

Called up share capital

11

3,500

3,500

Fair value reserve

12

-

3,232,114

Retained earnings

12

7,397,660

4,675,991

SHAREHOLDERS' FUNDS

7,401,160

7,911,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

P C Sampson - Director

Mrs L K Whitnall - Director

1.	STATUTORY INFORMATION

Parkside Leisure 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.

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 as modified by the revaluation of certain assets.

Having taken into account cash flow forecasts for the foreseeable period, the financial statements have been prepared on a going concern basis.

The financial statements are prepared in sterling which is also the functional currency.

RELATED PARTY EXEMPTION

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of these financial statements requires the Directors to exercise judgement and make estimates and assumptions on the book values of assets and liabilities that may not be available from other traditional sources. These estimates and assumptions are based on past experience and factors that are considered to be of relevance and are assessed annually on an ongoing basis. Any adjustments to values are recognised in the period of assessment.

FINANCIAL INSTRUMENTS AND CASH AND CASH EQUIVALENTS

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and recorded at the initial transaction cost. A provision for non-recovery of debtors is made where management consider that a risk exists that the company will not be able to recover fully amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

TURNOVER

Turnover represents rental income receivable and consultancy services provided.

INTANGIBLE ASSETS

Trade mark registration fees are included at cost.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

15% on cost or reducing balance

Furniture & office equipment

-

20% or 25% on cost

Motor vehicles

-

25% on reducing balance

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company makes contributions to personal pension schemes on behalf of the directors. The amount charged to the profit and loss account represents the amounts contributed during the period.

INVESTMENT PROPERTIES

Investment properties are held for long term investment and are included in the balance sheet at fair value. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve. Depreciation is not provided on investment properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

23,475

NET BOOK VALUE

At 31 December 2024

23,475

At 31 December 2023

23,475

5.	TANGIBLE FIXED ASSETS

Furniture

Plant and

& office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

79,801

46,563

35,210

161,574

Additions

-

12,600

17,500

30,100

At 31 December 2024

79,801

59,163

52,710

191,674

DEPRECIATION

At 1 January 2024

53,008

46,563

3,015

102,586

Charge for year

4,019

2,520

8,766

15,305

At 31 December 2024

57,027

49,083

11,781

117,891

NET BOOK VALUE

At 31 December 2024

22,774

10,080

40,929

73,783

At 31 December 2023

26,793

-

32,195

58,988

The carrying values are reviewed at the year end for impairment if circumstances indicate that the full carrying values may not be recoverable.

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

251,550

Impairments

(217,250

)

At 31 December 2024

34,300

NET BOOK VALUE

At 31 December 2024

34,300

At 31 December 2023

251,550

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Paradise Wildlife Park Limited

Registered office: Paradise Wildlife Park White Stubbs Lane Broxbourne Herts EN10 7QA

Nature of business: Catering services and retail merchandising

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

1,276,692

3,247,855

Profit for the year

528,837

562,784

Parkside Construction Services Ltd

Registered office: Paradise Wildlife Park White Stubbs Lane Broxbourne Herts EN10 7QA

Nature of business: Ceased trading

%

Class of shares:

holding

Ordinary £1

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(4,484

)

(4,484

)

Loss for the year

-

(87

)

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

7,250,494

Additions

3,034,671

Revaluations

(4,040,416

)

At 31 December 2024

6,244,749

NET BOOK VALUE

At 31 December 2024

6,244,749

At 31 December 2023

7,250,494

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

(4,040,416

)

Cost

10,285,165

6,244,749

The property portfolio was valued by Messrs Paul Wallace Professional on 8 April 2025.

The Directors are of the opinion that the fair value of these properties is not materially different to their book values.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

550

550

Other debtors

20,141

262

Directors' current accounts

759

357

Prepayments and accrued income

386,011

15,466

407,461

16,635

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

281,101

35,277

Amounts owed to group undertakings

2,982

17,155

Corporation tax

214,236

154,418

Social security and other taxes

-

20,421

Other creditors

-

200

Directors' current accounts

17,882

22,366

Accruals and deferred income

2,500

72,771

518,701

322,608

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Provision

5,296

740,319

Deferred

tax

£

Balance at 1 January 2024

740,319

Charge to Income Statement during year

242

Transfer to fair value reserve

(735,265

)

Balance at 31 December 2024

5,296

Provision for Deferred Tax on Investment Properties amounted to £nil (2023-£735,265) at the Balance Sheet date and is in respect of Corporation Tax that would become payable if the properties were sold at their book values.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

3,500

Ordinary

£1

3,500

3,500

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

4,675,991

3,232,114

7,908,105

Deficit for the year

(1,119,710

)

(1,119,710

)

Dividends

(126,000

)

(126,000

)

Transfer from profit and loss reserves

-

(3,967,379

)

(3,967,379

)

Transfer from fair value reserve

3,967,379

-

3,967,379

Provision for deferred tax

-

735,265

735,265

At 31 December 2024

7,397,660

-

7,397,660

Deferred tax on property valuations are accounted for in the Fair value reserve.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mrs G F Sampson

Balance outstanding at start of year

-

1,748

Amounts advanced

62,271

64,544

Amounts repaid

(61,512

)

(66,292

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

759

-

Mrs L K Whitnall

Balance outstanding at start of year

357

429

Amounts advanced

331

5,552

Amounts repaid

(688

)

(5,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

357

Directors' loans are interest free and repayable on demand.

14.	RELATED PARTY DISCLOSURES

15.	ULTIMATE CONTROLLING PARTY