Company No: SC569377 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	151,072		204,248
		151,072		204,248
Current assets
Debtors	5	482,414		454,590
Investments	6	400,002		400,002
Cash at bank and in hand		2		512
		882,418		855,104
Creditors: amounts falling due within one year	7	( 2,309,329)		( 2,213,463)
Net current liabilities		(1,426,911)		(1,358,359)
Total assets less current liabilities		(1,275,839)		(1,154,111)
Creditors: amounts falling due after more than one year	8	0		( 76,544)
Net liabilities		( 1,275,839)		( 1,230,655)
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		( 1,275,841 )		( 1,230,657 )
Total shareholders' deficit		( 1,275,839)		( 1,230,655)

For the financial year ending 31 August 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Active Parks Ltd (registered number: SC569377) were approved and authorised for issue by the Board of Directors on 21 May 2026. They were signed on its behalf by:

Darren Margach Director

Ross Anderson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Active Parks Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 2 Moycroft Industrial Estate, Elgin, IV30 1XZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £1,426,911. The Company is supported through loans from Other Related Parties. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Related Parties will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Prior year adjustment

During the year ended 31 August 2025, errors were identified in the treatment of the expenses, fixed assets and creditors relating to the prior year. The errors have been corrected by restating the comparative figures in accordance with the applicable financial reporting framework. The reason for this restatement being partially that a classification of the fixed assets was found to be overstated and as such, was deemed to be impaired and further to this there were business expenses incorrectly charged to the directors loan accounts which required revenue treatment. Finally, there has also been a retrospective correction of the supplier balances and as such balances considered already settled have been written off to profit and loss.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management charges to related companies and event income, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	4 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Prior year adjustment

During the current year, the Directors identified an error in the recognition/classification of account balances relating to the prior period. As a result, the comparative figures for the year ended 31 August 2024 have been restated.

		As previously reported		Adjustment		As restated
Year ended 31 August 2024		£		£		£
Retained earnings		(946,453)		(284,204)		(1,230,657)
Fixed assets		483,752		(279,504)		204,248
Debtors		887,121		(32,017)		855,104
Creditors: amounts falling due within one year		(1,353,659)		(4,700)		(1,358,359)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	468,353		479,959		948,312
At 31 August 2025	468,353		479,959		948,312
Accumulated depreciation
At 01 September 2024	271,071		472,993		744,064
Charge for the financial year	46,835		6,341		53,176
At 31 August 2025	317,906		479,334		797,240
Net book value
At 31 August 2025	150,447		625		151,072
At 31 August 2024	197,282		6,966		204,248

5. Debtors

	2025		2024
	£		£
Amounts owed by related parties	160,019		205,908
Other debtors	322,395		248,682
	482,414		454,590

6. Current asset investments

	2025		2024
	£		£
Unlisted investments - subsidiaries	400,002		400,002

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	76,544		94,247
Trade creditors	95,425		130,179
Amounts owed to own subsidiaries	151,539		148,409
Amounts owed to related parties	1,947,170		1,713,896
Other taxation and social security	25,177		11,409
Other creditors	13,474		115,323
	2,309,329		2,213,463

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

	2025		2024
	£		£
Bank loans	0		76,544

Bank loans are secured by a floating charge over the assets of the company.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	379,538		461,744
between one and five years	1,281,939		1,996,002
after five years	580,205		837,004
Total future minimum lease payments under non-cancellable operating leases	2,241,682		3,294,750

11. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed to group undertakings	151,539		148,409

These balances are interest free and have no fixed terms of repayment.

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to key management personnel	8,987		121,849

The above balance is unsecured, interest free and has no fixed terms of repayment.

Advances

At 1 September 2024 the balance owed to the key management personnel was 12,862. During the year, advances of £35,000 were made with interest charged at a rate of 2.25%. There were no repayments during the year, leaving a closing balance of £22,395. There are no fixed terms of repayment on this balance.

Other related party transactions

	2025		2024
	£		£
Amounts owed to other related parties over which the entity has control, joint control or significant influence	1,837,552		1,713,896
Amounts owed by other related parties over which the entity has control, joint control or significant influence	160,019		205,908

The above balances are unsecured, interest free and have no fixed terms of repayment.