Triangle Amusements Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00361399

Triangle Amusements Limited

Unaudited financial statements

For the year ended

31 March 2025

Triangle Amusements Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,289,597		2,237,773

Current assets

Stocks		195,244	509,917
Debtors	6	2,102,272	1,864,972
Cash at bank and in hand		507,739	625,138
		-----------	-----------
		2,805,255	3,000,027

Creditors: Amounts falling due within one year	7	( 567,630)		( 768,225)
		-----------		-----------
Net current assets			2,237,625		2,231,802
			-----------		-----------
Total assets less current liabilities			4,527,222		4,469,575

Creditors: Amounts falling due after more than one year	8		( 8,435)		( 64,228)

Provisions

Taxation including deferred tax		( 253,397)		( 213,803)

Accruals and deferred income	( 19,509)	( 37,130)
	-----------	-----------
Net assets	4,245,881	4,154,414
	-----------	-----------

Capital and reserves

Called up share capital	9	125	125
Capital redemption reserve		875	875
Profit and loss account		4,244,881	4,153,414
		-----------	-----------
Shareholders funds		4,245,881	4,154,414
		-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Triangle Amusements Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

J J Abbott

Director

Company registration number: 00361399

Triangle Amusements Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB. The trading address is 29a New Street, Cromer, Norfolk, NR27 9HE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the amount of arcade takings during the period, exclusive of Value Added Tax.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	2 - 5% straight line
Amusement machines	-	14 - 20% straight line
Fixtures and fittings	-	8 - 16% straight line
Motor vehicles	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

The company makes contributions to personal defined contribution schemes of directors and staff.

4. Employee numbers

The average number of employees during the year was 36 (2024: 32 ).

5. Tangible assets

	Land and buildings	Amusement machines	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	2,039,469	3,496,581	492,513	28,184	6,056,747
Additions	–	377,825	–	–	377,825
Disposals	–	( 13,500)	–	–	( 13,500)
	-----------	-----------	---------	-------	-----------
At 31 March 2025	2,039,469	3,860,906	492,513	28,184	6,421,072
	-----------	-----------	---------	-------	-----------
Depreciation
At 1 April 2024	761,007	2,574,510	456,824	26,633	3,818,974
Charge for the year	26,717	278,916	8,719	309	314,661
Disposals	–	( 2,160)	–	–	( 2,160)
	-----------	-----------	---------	-------	-----------
At 31 March 2025	787,724	2,851,266	465,543	26,942	4,131,475
	-----------	-----------	---------	-------	-----------
Carrying amount
At 31 March 2025	1,251,745	1,009,640	26,970	1,242	2,289,597
	-----------	-----------	---------	-------	-----------
At 31 March 2024	1,278,462	922,071	35,689	1,551	2,237,773
	-----------	-----------	---------	-------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,200	9,320
Amounts owed by group undertakings	2,048,678	1,786,348
Prepayments and accrued income	34,434	33,205
Other debtors	17,960	36,099
	-----------	-----------
	2,102,272	1,864,972
	-----------	-----------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	20,000	20,000
Trade creditors	433,695	585,361
Corporation tax	–	7,741
Social security and other taxes	12,218	13,706
Obligations under finance leases and hire purchase contracts	35,793	36,421
Director loan accounts	4,461	29,461
Other creditors	61,463	75,535
	---------	---------
	567,630	768,225
	---------	---------

The obligations under finance leases and hire purchase contracts are secured on the assets that have been financed.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	6,699	26,699
Obligations under finance leases and hire purchase contracts	1,736	37,529
	------	-------
	8,435	64,228
	------	-------

The obligations under finance leases and hire purchase contracts are secured on the assets that have been financed.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	125	125	125	125
	----	----	----	----

10. Contingencies

A bank loan of £ 1,559,300 (2024: £ 1,600,000 ) included as a liability in the financial statements of the parent company and a bank loan of £1,123,904 (2024: £nil) included as a liability in the financial statements of a fellow subsidiary company are secured via a fixed and floating charges on all property of this company.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are £302,750 (2024: £255,000).