REGISTERED NUMBER: 09650992 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Ascent Trampoline Park Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P I Haagaas

T I McClure

D E Melhus

REGISTERED OFFICE:

5 Patchway Trading Estate

Britannia Road

Patchway

Bristol

BS34 5TA

REGISTERED NUMBER:

09650992 (England and Wales)

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

5

240,555

262,056

CURRENT ASSETS

Stocks

21,734

-

Debtors

6

170,365

13,489

Cash at bank and in hand

92,412

164,956

284,511

178,445

CREDITORS

Amounts falling due within one year

7

204,020

201,419

NET CURRENT ASSETS/(LIABILITIES)

80,491

(22,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

321,046

239,082

PROVISIONS FOR LIABILITIES

50,162

46,303

NET ASSETS

270,884

192,779

CAPITAL AND RESERVES

Called up share capital

9

500

500

Share premium

200,300

200,300

Retained earnings

70,084

(8,021

)

SHAREHOLDERS' FUNDS

270,884

192,779

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 29th December 2025 and were signed on its behalf by:

T I McClure - Director

1.	STATUTORY INFORMATION

Ascent Trampoline Park 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.	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.

Turnover

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

Sale of goods

Revenue arises from the sale of merchandise. Revenue is recognised when the customer accepts delivery of the goods.

Rendering of services

The services provided generally take place on a single day, or over-night.

Revenue is recognised on customer arrival and is measured at the fair value of the consideration received.

Revenue for advance bookings is deferred and recognised on customer arrival or in the case of cancelled

bookings on the date of cancellation.

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

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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 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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

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 79 (2023 - 89 ) .

4.	AUDITORS' REMUNERATION

Period

1/4/23

Year Ended

to

31/12/24

31/12/23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

11,200

-

Auditors' remuneration for non audit work

1,200

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

165,261

783,487

27,219

31,688

1,007,655

Additions

-

139,163

71,116

10,253

220,532

At 31st December 2024

165,261

922,650

98,335

41,941

1,228,187

DEPRECIATION

At 1st January 2024

128,078

573,866

22,560

21,095

745,599

Charge for year

28,920

191,233

10,396

11,484

242,033

At 31st December 2024

156,998

765,099

32,956

32,579

987,632

NET BOOK VALUE

At 31st December 2024

8,263

157,551

65,379

9,362

240,555

At 31st December 2023

37,183

209,621

4,659

10,593

262,056

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

135,310

-

Prepayments and accrued income

35,055

13,489

170,365

13,489

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

38,928

Trade creditors

20,611

45,747

Tax

5,344

28,731

Social security and other taxes

14,419

11,200

VAT

44,880

48,638

Other creditors

66,419

28,175

Accruals and deferred income

52,347

-

204,020

201,419

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

161,863

161,863

Between one and five years

647,453

647,453

In more than five years

323,726

485,579

1,133,042

1,294,895

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

400

Ordinary B

1

400

400

500

500

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified 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 company 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.

Limitation of scope regarding stock

We were not appointed as auditor of the company until after 31 December 2023 and thus did not observe the counting of physical inventories at

the end of the comparative period. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31

December 2023.Consequently we were unable to determine whether any adjustments are necessary.

Limitation of scope regarding sales

We were unable to obtain sufficient appropriate audit evidence regarding the completeness of recorded sales due to a change in financial

systems and financial management during the year. While cash and card receipts were deposited in the bank, we could not confirm that all sales

transactions were fully and accurately recorded in the accounting records.

The total value of sales transactions for which audit evidence could not be obtained amounts to £556,963 for the current year and £1,131,173

for the comparative period. These amounts represent approximately 35% of sales transactions in the current year and 100% of sales transactions

in the prior year.

Limitation of scope regarding comparative cash

Adequate audit work could not be undertaken on the comparative cash balance as the cash reconciliations were lost upon change in ownership.

The total amount of cash that could not be inspected has a value of £32,922 in the comparative year which represents 100% of the balance.

Limitation of scope regarding wages

Adequate audit work could not be undertaken on the wages as we were unable to fully reconcile the wages in the profit and loss account to the

payroll reports.

The total amount of payroll that could not be inspected has a value of £35.574 year which represents 8% of the wages profit and loss

transactions.

Because the opening balances form part of the figures used in the determination of the results for the period ended 31 December 2024, we

were unable to determine whether any adjustments might be necessary to the comparative information and the corresponding figures for the

current period.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

11.	PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the period totalled £4,129 (2023 - £32,409).

Accrued pension contributions outstanding at the balance date totalled £562 (2023 - £629).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14.	ULTIMATE CONTROLLING PARTY

The parent of the smallest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The parent of the largest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The registered office of the parent is Vollsveien 2a, 1366 Lysaker, Norway.