REGISTERED NUMBER: 02421559 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 31 DECEMBER 2024

FOR

KNOCKHATCH LEISURE LTD

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTORS:

C R Jaggers

S G Jaggers

C E Bonny

REGISTERED OFFICE:

30-34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

02421559 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

The directors present their strategic report of the company and the group for the period 1 October 2023 to 31 December 2024.

REVIEW OF BUSINESS

Although the year was heavily hindered by bad weather affecting footfall, the financial performance of the

business remains strong.

Financial KPIs

31.12.24

30.09.24

Variance

Turnover

£   's

4,419

3,789

630

Gross profit margin

%

51.7

59.4

(7.7

)

Profit before tax

£   's

615

972

(357

)

EBITDA

£   's

1,059

1,286

(227

)

During the year the company continued to invest in upgrading the park with the addition of a new water family coaster and a ring-tailed lemur exhibit in the zoo.

PRINCIPAL RISKS AND UNCERTAINTIES

With a turbulent economy and risk of higher inflation resulting in increased costs of suppliers and wages it is

difficult to maintain profitability. It is vital to increase footfall and turnover to mitigate this.

ON BEHALF OF THE BOARD:

C R Jaggers - Director

29 September 2025

The directors present their report with the financial statements of the company and the group for the period 1 October 2023 to 31 December 2024.

DIVIDENDS

No dividends will be distributed for the period ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

C R Jaggers

S G Jaggers

C E Bonny

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Watson Associates (Audit Services) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C R Jaggers - Director

29 September 2025

Opinion

We have audited the financial statements of Knockhatch Leisure Ltd (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the period 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 group 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 group's and the parent 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 Group 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.

The prior year figures presented for the year ended 30 September 2023 were unaudited. Accordingly, we do

not express an opinion on those figures.

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

-	the parent company 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 group's and the parent 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 group or the parent 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design

procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of

irregularities, including fraud.

Audit procedures performed by the engagement team to detect irregularities, including fraud from instances

of non-compliance with laws and regulations included:

- Discussions with management, including consideration of known or suspected instances of non-compliance

with laws and regulations and fraud;

- Reading key correspondence from regulatory bodies;

- Challenging assumptions and judgements made by management in it's significant accounting estimates that

involved making assumptions and considering future events that are inherently uncertain.

- Consideration of recent correspondence with the companies legal advisors to ensure that it aligned with the

conclusions drawn on obligations recognised in respect of uncertain legal matters;

- Identifying and testing journal entries, in particular any journal entries posted with unusual account

combinations or those posted by unexpected users; and

- Testing transactions entered into that are outside of the normal course of the Company's business

There are inherent limitations in the audit procedures described above and, the further removed

non-compliance with laws and regulations are from the events and transactions reflected in the financial

statements, the less likely we would become aware of it. Also, the risk of not detecting a material

misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may

involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through

collusion.

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.

John Charles Males (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

29 September 2025

TURNOVER

4,419,096

3,788,510

Cost of sales

(2,131,711

)

(1,538,346

)

GROSS PROFIT

2,287,385

2,250,164

Administrative expenses

(1,700,654

)

(1,306,716

)

586,731

943,448

Other operating income

931

12,545

OPERATING PROFIT

4

587,662

955,993

Interest receivable and similar income

87,040

26,103

674,702

982,096

Interest payable and similar expenses

5

(60,075

)

(10,480

)

PROFIT BEFORE TAXATION

614,627

971,616

Tax on profit

6

(130,497

)

(208,758

)

PROFIT FOR THE FINANCIAL PERIOD

484,130

762,858

Profit attributable to:

Owners of the parent

484,130

762,858

PROFIT FOR THE PERIOD

484,130

762,858

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

484,130

762,858

Total comprehensive income attributable to:

Owners of the parent

484,130

762,858

FIXED ASSETS

Tangible assets

9

2,469,294

2,037,069

Investments

10

-

-

2,469,294

2,037,069

CURRENT ASSETS

Stocks

11

22,000

48,313

Debtors

12

95,176

189,817

Cash at bank and in hand

4,295,684

4,156,124

4,412,860

4,394,254

CREDITORS

Amounts falling due within one year

13

(1,032,050

)

(1,027,971

)

NET CURRENT ASSETS

3,380,810

3,366,283

TOTAL ASSETS LESS CURRENT LIABILITIES

5,850,104

5,403,352

CREDITORS

Amounts falling due after more than one year

14

(195,156

)

(225,833

)

PROVISIONS FOR LIABILITIES

17

(154,902

)

(161,603

)

NET ASSETS

5,500,046

5,015,916

CAPITAL AND RESERVES

Called up share capital

18

6,382

6,382

Share premium

19

379,297

379,297

Revaluation reserve

19

446,726

446,726

Capital redemption reserve

19

6,382

6,382

Retained earnings

19

4,661,259

4,177,129

SHAREHOLDERS' FUNDS

5,500,046

5,015,916

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

C R Jaggers - Director

FIXED ASSETS

Tangible assets

9

1,085,786

1,105,758

Investments

10

201

1

1,085,987

1,105,759

CURRENT ASSETS

Debtors

12

460,745

4,019,397

Cash at bank and in hand

4,153,164

14,239

4,613,909

4,033,636

CREDITORS

Amounts falling due within one year

13

(130,963

)

(98,437

)

NET CURRENT ASSETS

4,482,946

3,935,199

TOTAL ASSETS LESS CURRENT LIABILITIES

5,568,933

5,040,958

CREDITORS

Amounts falling due after more than one year

14

(168,347

)

(175,853

)

NET ASSETS

5,400,586

4,865,105

CAPITAL AND RESERVES

Called up share capital

18

6,382

6,382

Share premium

19

379,297

379,297

Revaluation reserve

19

446,726

446,726

Capital redemption reserve

19

6,382

6,382

Retained earnings

19

4,561,799

4,026,318

SHAREHOLDERS' FUNDS

5,400,586

4,865,105

Company's profit for the financial year

535,481

701,603

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

C R Jaggers - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 October 2022

6,382

3,414,271

379,297

Changes in equity

Total comprehensive income

-

762,858

-

Balance at 30 September 2023

6,382

4,177,129

379,297

Changes in equity

Total comprehensive income

-

484,130

-

Balance at 31 December 2024

6,382

4,661,259

379,297

Capital

Revaluation

redemption

Total

reserve

reserve

equity

£

£

£

Balance at 1 October 2022

446,726

6,382

4,253,058

Changes in equity

Total comprehensive income

-

-

762,858

Balance at 30 September 2023

446,726

6,382

5,015,916

Changes in equity

Total comprehensive income

-

-

484,130

Balance at 31 December 2024

446,726

6,382

5,500,046

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 October 2022

6,382

3,324,715

379,297

Changes in equity

Total comprehensive income

-

701,603

-

Balance at 30 September 2023

6,382

4,026,318

379,297

Changes in equity

Total comprehensive income

-

535,481

-

Balance at 31 December 2024

6,382

4,561,799

379,297

Capital

Revaluation

redemption

Total

reserve

reserve

equity

£

£

£

Balance at 1 October 2022

446,726

6,382

4,163,502

Changes in equity

Total comprehensive income

-

-

701,603

Balance at 30 September 2023

446,726

6,382

4,865,105

Changes in equity

Total comprehensive income

-

-

535,481

Balance at 31 December 2024

446,726

6,382

5,400,586

Cash flows from operating activities

Cash generated from operations

1

1,183,788

1,225,934

Interest paid

(60,075

)

(10,480

)

Tax paid

(222,392

)

(197,738

)

Net cash from operating activities

901,321

1,017,716

Cash flows from investing activities

Purchase of tangible fixed assets

(816,115

)

(228,689

)

Interest received

87,040

26,103

Net cash from investing activities

(729,075

)

(202,586

)

Cash flows from financing activities

New loans in year

-

49,980

Loan repayments in year

(32,686

)

(45,473

)

Net cash from financing activities

(32,686

)

4,507

Increase in cash and cash equivalents

139,560

819,637

Cash and cash equivalents at beginning of period

2

4,156,124

3,336,487

Cash and cash equivalents at end of period

2

4,295,684

4,156,124

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1.10.23

to

Year Ended

31.12.24

30.9.23

£

£

Profit before taxation

614,627

971,616

Depreciation charges

383,889

303,882

Finance costs

60,075

10,480

Finance income

(87,040

)

(26,103

)

971,551

1,259,875

Decrease/(increase) in stocks

26,313

(7,789

)

Decrease/(increase) in trade and other debtors

94,111

(13,317

)

Increase/(decrease) in trade and other creditors

91,813

(12,835

)

Cash generated from operations

1,183,788

1,225,934

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:

Period ended 31 December 2024

31.12.24

1.10.23

£

£

Cash and cash equivalents

4,295,684

4,156,124

Year ended 30 September 2023

30.9.23

1.10.22

£

£

Cash and cash equivalents

4,156,124

3,336,487

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

4,156,124

139,560

4,295,684

4,156,124

139,560

4,295,684

Debt

Debts falling due within 1 year

(41,564

)

2,010

(39,554

)

Debts falling due after 1 year

(225,833

)

30,677

(195,156

)

(267,397

)

32,687

(234,710

)

Total

3,888,727

172,247

4,060,974

1.	STATUTORY INFORMATION

Knockhatch Leisure Ltd 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

4% per annum and 2% on cost

Plant and machinery

-

25% on reducing balance and 20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.