REGISTERED NUMBER: 10336333 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Serenity Parks Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G Burns

A Wilson

REGISTERED OFFICE:

Unit 6 Buccaneer Drive

Auckley

Finningley

Doncaster

South Yorkshire

DN9 3QP

REGISTERED NUMBER:

10336333 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Property, plant and equipment

4

255,494

257,324

Investments

5

500

600

255,994

257,924

CURRENT ASSETS

Debtors

6

5,758,022

6,374,660

Cash at bank

3,844

15,476

5,761,866

6,390,136

CREDITORS

Amounts falling due within one year

7

52,112

197,379

NET CURRENT ASSETS

5,709,754

6,192,757

TOTAL ASSETS LESS CURRENT LIABILITIES

5,965,748

6,450,681

CREDITORS

Amounts falling due after more than one year

8

(4,823,132

)

(4,891,987

)

PROVISIONS FOR LIABILITIES

(9,444

)

(9,444

)

NET ASSETS

1,133,172

1,549,250

CAPITAL AND RESERVES

Called up share capital

11

100

100

Revaluation reserve

12

40,262

40,262

Retained earnings

12

1,092,810

1,508,888

SHAREHOLDERS' FUNDS

1,133,172

1,549,250

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 18 September 2025 and were signed on its behalf by:

G Burns - Director

1.	STATUTORY INFORMATION

Serenity Parks 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

250,000

16,021

22,367

288,388

DEPRECIATION

At 1 January 2024

-

13,123

17,941

31,064

Charge for year

-

723

1,107

1,830

At 31 December 2024

-

13,846

19,048

32,894

NET BOOK VALUE

At 31 December 2024

250,000

2,175

3,319

255,494

At 31 December 2023

250,000

2,898

4,426

257,324

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Valuation in 2022

49,706

-

-

49,706

Cost

200,294

16,021

22,367

238,682

250,000

16,021

22,367

288,388

Property revaluation of £250,000 based on the best estimate of the directors as at 31 December 2022.

The directors do not believe this has significantly changed as at 31 December 2024.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

600

Disposals

(100

)

At 31 December 2024

500

NET BOOK VALUE

At 31 December 2024

500

At 31 December 2023

600

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

29,155

24,828

Amount due from 1 connected co

3,725,363

2,348,042

Prepayments and accrued income

3,504

1,790

3,758,022

2,374,660

2024

2023

£

£

Amounts falling due after more than one year:

Amount due from 1 connected co

2,000,000

4,000,000

Aggregate amounts

5,758,022

6,374,660

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

-

5,156

Other loans (see note 9)

6,654

6,523

Trade creditors

16,248

19,689

Social security and other taxes

2,656

8,295

VAT

4,303

1,574

Other creditors

-

200

Wages control

3,487

-

Amount due to 1 connected co

(831

)

100

Pension Control

575

865

Accruals and deferred income

19,020

154,977

52,112

197,379

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

-

402,088

Other loans (see note 9)

83,132

89,899

Amount due to 1 connected co

4,740,000

4,400,000

4,823,132

4,891,987

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

381,465

Other loans more 5yrs instal

56,515

63,807

56,515

445,272

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

-

5,156

Other loans

6,654

6,523

6,654

11,679

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

5,156

Other loans - 1-2 years

6,654

6,523

6,654

11,679

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

15,467

Other loans - 2-5 years

19,963

19,569

19,963

35,036

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

381,465

Other loans more 5yrs instal

56,515

63,807

56,515

445,272

Included within creditors are secured debts amounting to £89,786 (2023 - £503,666) which are secured on the fixed assets to which they relate.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

407,244

Other loans

89,786

96,422

89,786

503,666

A legal mortgage over the leasehold property known as 6 Buccaneer Drive, Fountain Court, Doncaster.

A fixed and floating charge over all assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

1,508,888

40,262

1,549,150

Deficit for the year

(116,078

)

(116,078

)

Dividends

(300,000

)

(300,000

)

At 31 December 2024

1,092,810

40,262

1,133,072