ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company Registration Number: 10079032

TRENT PARK MINI GOLF LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

TRENT PARK MINI GOLF LTD

REGISTERED NUMBER: 10079032

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		351,891		131,150
			351,891		131,150
Current assets
Debtors: amounts falling due within one year	6	57,425		23,891
Cash at bank and in hand		20,282		27,161
		77,707		51,052
Creditors: amounts falling due within one year	7	(30,486)		(5,308)
Net current assets			47,221		45,744
Total assets less current liabilities			399,112		176,894

Net assets			399,112		176,894

Capital and reserves
Called up share capital	100	100
Share premium account	412,515	412,515
Profit and loss account	(13,503)	(235,721)
	399,112	176,894

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TRENT PARK MINI GOLF LTD

REGISTERED NUMBER: 10079032

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

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

J B Sturgess

Director

The notes on pages 4 to 9 form part of these financial statements.

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TRENT PARK MINI GOLF LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	100	412,515	(17,636)	394,979

Loss for the year	-	-	(218,085)	(218,085)

At 1 January 2024	100	412,515	(235,721)	176,894

Profit for the year	-	-	222,218	222,218
At 31 December 2024	100	412,515	(13,503)	399,112

The notes on pages 4 to 9 form part of these financial statements.

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TRENT PARK MINI GOLF LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Trent Park Mini Golf Ltd (the company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is given in the company information page of these financial statements.

2.	Statement of compliance

The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

3.Accounting policies

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 periods presented, unless otherwise stated.

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

They are presented in pounds sterling, which is the functional currency of the entity, and are rounded to the nearest £1.

The following principal accounting policies have been applied:

3.2

Going concern

The company meets its working capital requirements through its cash resources and operating cash flows supported by funding facilities.
The directors have prepared financial forecasts which, having regard for the current economic environment and taking account of reasonably possible changes in trading performance, indicate that the company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements. Notwithstanding any further potential ongoing impact on the company's financial performance and position beyond that already anticipated by the forecasts, the company maintains net funds, working capital and confirmed funding facilities which the directors consider are sufficient to fully mitigate the risks which remain due to the current economic environment.
The directors have a reasonable expectation that the company has adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.

3.3

Revenue

Turnover is measures at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of trade discounts and of value added tax.

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TRENT PARK MINI GOLF LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

3.4

Employee benefits

Short term benefits
Short-term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the employee's entitlement to the benefit accrues.
Defined contribution pension plan
The company operates a defined contribution, pension plan for its employees. Contributions are recognised as an expense when they fall due. Amounts due but not yet paid are included within creditors on the statement of financial position.

3.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

3.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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TRENT PARK MINI GOLF LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

3.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Leasehold property	-	2%	Straight line
				Plant and machinery	-	15%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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TRENT PARK MINI GOLF LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

3.9

Provision for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

3.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

3.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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TRENT PARK MINI GOLF LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Employees
		2024	2023
		£	£

Wages and salaries	10,512	19,780
Social security costs	-	4
Cost of defined contribution scheme	242	-
	10,754	19,784

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

5.	Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	424,895	24,052	400	449,347
Additions	4,740	119	231	5,090
At 31 December 2024	429,635	24,171	631	454,437
Depreciation
At 1 January 2024	293,895	24,052	250	318,197
Charge for the year on owned assets	2,471	-	-	2,471
Impairment losses written back	(218,122)	-	-	(218,122)
At 31 December 2024	78,244	24,052	250	102,546
Net book value
At 31 December 2024	351,391	119	381	351,891
At 31 December 2023	131,000	-	150	131,150

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TRENT PARK MINI GOLF LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by related parties	16,524	1,975
Other debtors	8,507	6,232
Prepayments and accrued income	32,394	15,684
	57,425	23,891

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	9,425	307
Corporation tax	4,088	2,470
Accruals and deferred income	16,973	2,531
	30,486	5,308

Not later than 1 year	57,770	57,770
Later than 1 year and not later than 5 years	231,080	231,080
Later than 5 years	2,195,102	2,252,872
	2,483,952	2,541,722

Related party transactions

During the year the company made purchases of £Nil (2023: £12,772) from Fit Parks Ltd, a company in which C D Johnson is a director. £456 (2023: £456) was owed from Fit Parks Ltd at the year end and is included within debtors.
During the period the company paid rent of £57,770 (2023: £57,770) and made further purchases of £Nil (2023: £10,446) and sales of £Nil (2023: £5,513) to Twigmarket Limited, a company in which J B Sturgess is a director. £14,599 (2023: £50) is owed from (2023: to) Twigmarket Limited and shown in the debtors (2023: creditors).

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