REGISTERED NUMBER: 01549051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARADISE WILDLIFE PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L K Whitnall

T P Whitnall

SECRETARY:

Mrs R E Spiller

REGISTERED OFFICE:

Paradise Wildlife Park

White Stubbs Lane

Broxbourne

Hertfordshire

EN10 7QA

REGISTERED NUMBER:

01549051 (England and Wales)

ACCOUNTANTS:

Solazzo & Co Ltd

Chartered Accountants

Woodlands,

27 Ferney Road

Cheshunt

Hertfordshire

EN7 6XQ

SOLICITORS:

Longmores

24 Castle Street

Hertford

Hertfordshire

SG14 1HP

FIXED ASSETS

Intangible assets

4

1,216

1,216

Tangible assets

5

1,312,404

979,907

1,313,620

981,123

CURRENT ASSETS

Stocks

6

121,754

82,451

Debtors

7

60,671

138,945

Cash at bank and in hand

712,059

2,607,729

894,484

2,829,125

CREDITORS

Amounts falling due within one year

8

715,533

452,387

NET CURRENT ASSETS

178,951

2,376,738

TOTAL ASSETS LESS CURRENT LIABILITIES

1,492,571

3,357,861

CREDITORS

Amounts falling due after more than one year

9

(56,808

)

-

PROVISIONS FOR LIABILITIES

11

(159,071

)

(110,006

)

NET ASSETS

1,276,692

3,247,855

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

1,276,592

3,247,755

SHAREHOLDERS' FUNDS

1,276,692

3,247,855

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:

Mrs L K Whitnall - Director

T P Whitnall - Director

1.	STATUTORY INFORMATION

Paradise 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.

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.

GOING CONCERN

The Company's forecasts and projections indicate that the Company can meet its day-to-day working capital requirements as they fall due for a period of at least twelve months from the approval of the accounts. In addition, the Company has no external loan obligations and the Directors consider that the cash resources remain adequate to meet the Company's obligations as they fall due.

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.

TURNOVER

Turnover represents sales from catering and gift shop outlets, rides and other ancillary income.Revenue from retailing of goods, catering and other activities are recognised at the point of sale.

INTANGIBLE ASSETS

Intangible assets represents trade mark application costs incurred to date.

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.

Improvements to property

-

at variable rates on cost or book value

Plant and machinery

-

15% on cost or reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Items costing less than £750 are not capitalised.

STOCKS

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

Cost is calculated using the first in, first out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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 two defined contribution pension schemes. Contributions to the scheme are charged to the profit and loss account in the period to which they relate. The company also makes contributions to the personal pension scheme on behalf of an employee. The amount charged to the profit and loss account represents the amount contributed during the period.

GRANTS

Grants received towards capital expenditure are recognised in the profit and loss account over the useful lives of the assets concerned.Where they relate to non capital projects, the income is recognised when received.

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 Group 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

£

COST

At 1 January 2024

and 31 December 2024

1,216

NET BOOK VALUE

At 31 December 2024

1,216

At 31 December 2023

1,216

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

1,911,706

706,962

56,467

Additions

188,942

182,515

166,599

Disposals

-

-

-

Reclassification/transfer

2,904

(2,904

)

-

At 31 December 2024

2,103,552

886,573

223,066

DEPRECIATION

At 1 January 2024

1,292,925

369,582

41,005

Charge for year

80,583

79,955

45,515

Eliminated on disposal

-

-

-

At 31 December 2024

1,373,508

449,537

86,520

NET BOOK VALUE

At 31 December 2024

730,044

437,036

136,546

At 31 December 2023

618,781

337,380

15,462

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

116,979

28,202

2,820,316

Additions

-

6,321

544,377

Disposals

(13,855

)

-

(13,855

)

Reclassification/transfer

-

-

-

At 31 December 2024

103,124

34,523

3,350,838

DEPRECIATION

At 1 January 2024

111,165

25,732

1,840,409

Charge for year

865

2,608

209,526

Eliminated on disposal

(11,501

)

-

(11,501

)

At 31 December 2024

100,529

28,340

2,038,434

NET BOOK VALUE

At 31 December 2024

2,595

6,183

1,312,404

At 31 December 2023

5,814

2,470

979,907

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

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

Additions

128,550

At 31 December 2024

128,550

NET BOOK VALUE

At 31 December 2024

128,550

6.

STOCKS

31.12.24

31.12.23

£

£

Goods held for resale

121,754

82,451

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

39,505

64,288

Amounts owed by group undertakings

3,934

3,934

Other debtors

2,897

6,309

Amount due from parent company

2,849

17,022

Prepayments and accrued income

11,486

47,392

60,671

138,945

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 10)

108,530

-

Trade creditors

399,914

235,173

Corporation tax

140,891

176,055

Social security and other taxes

30,126

14,717

Other creditors

2,163

2,163

Accruals and deferred income

33,909

24,279

715,533

452,387

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 10)

56,808

-

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

108,530

-

Between one and five years

56,808

-

165,338

-

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

6,604

6,604

Between one and five years

2,756

15,964

9,360

22,568

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

159,071

110,006

Deferred

tax

£

Balance at 1 January 2024

110,006

Movement in year

49,065

Balance at 31 December 2024

159,071

The provision for Deferred Tax is in respect of accelerated capital allowances available to the company which are expected to reverse in the foreseeable future.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2024

3,247,755

Profit for the year

528,837

Dividends

(2,500,000

)

At 31 December 2024

1,276,592

14.	RELATED PARTY DISCLOSURES