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REGISTERED NUMBER: 08953206 (England and Wales)

Funtime Rides (UK) Limited

Abridged Unaudited Financial Statements for the Year Ended 31 March 2025

Funtime Rides (UK) Limited (Registered number: 08953206)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Funtime Rides (UK) Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | J R Clements

| Mrs V Clements

| REGISTERED OFFICE: | 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| REGISTERED NUMBER: | 08953206 (England and Wales)

| ACCOUNTANTS: | Maxwells

| Chartered Accountants

| 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| BANKERS: | Lloyds Bank

| 40 High Street

| Chipping Sodbury

| Bristol

| BS37 6AW

Funtime Rides (UK) Limited (Registered number: 08953206)

Abridged Statement of Financial Position

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 63,883 |  | 36,145 |  |

63,883 |  | 36,145 |  |

CURRENT ASSETS

Stocks | 162,156 |  | 94,497 |  |

Debtors | 126,950 |  | 116,153 |  |

Cash at bank | 989 |  | 22,733 |  |

290,095 |  | 233,383 |  |

CREDITORS

Amounts falling due within one year | 170,308 |  | 127,332 |  |

NET CURRENT ASSETS | 119,787 |  | 106,051 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 183,670 |  | 142,196 |  |

CREDITORS

Amounts falling due after more than one year | (21,042 | ) | (11,667 | ) |

PROVISIONS FOR LIABILITIES | (15,971 | ) | (4,663 | ) |

NET ASSETS | 146,657 |  | 125,866 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 146,557 |  | 125,766 |  |

SHAREHOLDERS' FUNDS | 146,657 |  | 125,866 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Funtime Rides (UK) Limited (Registered number: 08953206)

Abridged Statement of Financial Position - continued

31 March 2025

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

J R Clements - Director

Funtime Rides (UK) Limited (Registered number: 08953206)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Funtime Rides (UK) 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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.

| Land and buildings | - | not provided

| Plant and machinery etc | - | 33% on cost, 25% on reducing balance and 15% on reducing balance

| Stocks

| Stocks 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 statement of financial position date.

Funtime Rides (UK) Limited (Registered number: 08953206)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

5. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 36,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 36,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

Funtime Rides (UK) Limited (Registered number: 08953206)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024 | 75,437 |  |

| Additions | 45,715 |  |

| Disposals | (26,606 | ) |

| At 31 March 2025 | 94,546 |  |

| DEPRECIATION

| At 1 April 2024 | 39,292 |  |

| Charge for year | 14,209 |  |

| Eliminated on disposal | (22,838 | ) |

| At 31 March 2025 | 30,663 |  |

| NET BOOK VALUE

| At 31 March 2025 | 63,883 |  |

| At 31 March 2024 | 36,145 |  |

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

| Totals

£ |

| COST

| At 1 April 2024 | 1,209 |  |

| Additions | 42,347 |  |

| At 31 March 2025 | 43,556 |  |

| DEPRECIATION

| At 1 April 2024 | 399 |  |

| Charge for year | 10,986 |  |

| At 31 March 2025 | 11,385 |  |

| NET BOOK VALUE

| At 31 March 2025 | 32,171 |  |

| At 31 March 2024 | 810 |  |

Funtime Rides (UK) Limited (Registered number: 08953206)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 11,667 |  | 21,667 |  |

| Hire purchase contracts | 26,875 |  | 605 |  |

38,542 |  | 22,272 |  |

| The bank loan is a government backed bounce back loan.

| The hire purchase is secured against the asset to which it relates.

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| J R Clements and Mrs V Clements

| Balance outstanding at start of year | (58,290 | ) | (33,738 | ) |

| Amounts advanced | 169,462 |  | - |  |

| Amounts repaid | (70,000 | ) | (70,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 41,172 |  | (58,290 | ) |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is J R Clements and Mrs V Clements.

| The above directors controlled the company throughout the current period, by virtue of the fact they own all of the company's issued share capital.