REGISTERED NUMBER: 01549051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PARADISE WILDLIFE PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L K Whitnall

T P Whitnall

SECRETARY:

Mrs R E Spiller

REGISTERED OFFICE:

Hertfordshire Zoo

White Stubbs Lane

Broxbourne

Hertfordshire

EN10 7QA

REGISTERED NUMBER:

01549051 (England and Wales)

ACCOUNTANTS:

Solazzo & Co Ltd

Chartered Accountants

Woodlands,

27 Ferney Road

Cheshunt

Hertfordshire

EN7 6XQ

SOLICITORS:

Longmores

24 Castle Street

Hertford

Hertfordshire

SG14 1HP

FIXED ASSETS

Intangible assets

4

1,216

1,216

Tangible assets

5

1,238,977

1,312,404

1,240,193

1,313,620

CURRENT ASSETS

Stocks

6

174,067

121,754

Debtors

7

117,475

60,671

Cash at bank and in hand

832,011

712,059

1,123,553

894,484

CREDITORS

Amounts falling due within one year

8

429,353

715,533

NET CURRENT ASSETS

694,200

178,951

TOTAL ASSETS LESS CURRENT LIABILITIES

1,934,393

1,492,571

CREDITORS

Amounts falling due after more than one year

9

-

(56,808

)

PROVISIONS FOR LIABILITIES

11

(153,641

)

(159,071

)

NET ASSETS

1,780,752

1,276,692

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

1,780,652

1,276,592

SHAREHOLDERS' FUNDS

1,780,752

1,276,692

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

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

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 24 September 2026 and were signed on its behalf by:

Mrs L K Whitnall - Director

1.	STATUTORY INFORMATION

Paradise Wildlife 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.

GOING CONCERN

The Company's forecasts and projections indicate that the Company can meet its day-to-day working capital requirements as they fall due for a period of at least twelve months from the approval of the accounts. In addition, the Company has no external loan obligations and the Directors consider that the cash resources remain adequate to meet the Company's obligations as they fall due.

RELATED PARTY EXEMPTION

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.

TURNOVER

Turnover represents sales from catering and gift shop outlets, rides and other ancillary income.Revenue from retailing of goods, catering and other activities are recognised at the point of sale.

INTANGIBLE ASSETS

Intangible assets represents trade mark application costs incurred to date.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Assets in course construction

-

not provided

Improvements to property

-

at variable rates on cost or book value

Plant and machinery

-

15% on cost or reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Assets in the course of construction are not depreciated until they are brought into use.

All assets costing more than £1,000 are capitalised and includes any acquisition costs.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.

STOCKS

Stock 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 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.

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.

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

FINANCIAL INSTRUMENTS AND CASH AND CASH EQUIVALENTS

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and recorded at the initial transaction cost. A provision for non-recovery of debtors is made where management consider that a risk exists that the Group will not be able to recover fully amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

£

COST

At 1 January 2025

and 31 December 2025

1,216

NET BOOK VALUE

At 31 December 2025

1,216

At 31 December 2024

1,216

5.	TANGIBLE FIXED ASSETS

Assets in

Improvements

course

to

Plant and

construction

property

machinery

£

£

£

COST

At 1 January 2025

-

2,103,552

886,573

Additions

75,566

-

31,914

Disposals

-

-

-

At 31 December 2025

75,566

2,103,552

918,487

DEPRECIATION

At 1 January 2025

-

1,373,508

449,537

Charge for year

-

72,799

97,967

Eliminated on disposal

-

-

-

At 31 December 2025

-

1,446,307

547,504

NET BOOK VALUE

At 31 December 2025

75,566

657,245

370,983

At 31 December 2024

-

730,044

437,036

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

223,066

115,229

34,523

3,362,943

Additions

-

26,490

2,500

136,470

Disposals

-

(47,171

)

-

(47,171

)

At 31 December 2025

223,066

94,548

37,023

3,452,242

DEPRECIATION

At 1 January 2025

86,520

112,634

28,340

2,050,539

Charge for year

34,137

838

2,662

208,403

Eliminated on disposal

-

(45,677

)

-

(45,677

)

At 31 December 2025

120,657

67,795

31,002

2,213,265

NET BOOK VALUE

At 31 December 2025

102,409

26,753

6,021

1,238,977

At 31 December 2024

136,546

2,595

6,183

1,312,404

The carrying values are reviewed at the year end for impairment if circumstances indicate that the full carrying values may not be recoverable.

6.

STOCKS

31.12.25

31.12.24

£

£

Goods held for resale

174,067

121,754

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

27,731

39,505

Amounts owed by group undertakings

3,934

3,934

Other debtors

63,692

2,897

Amount due from parent company

-

2,849

Prepayments and accrued income

22,118

11,486

117,475

60,671

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 10)

56,808

108,530

Trade creditors

122,237

399,914

Amounts owed to group undertakings

3,117

-

Corporation tax

212,881

140,891

Social security and other taxes

-

30,126

Other creditors

-

2,163

Accruals and deferred income

34,310

33,909

429,353

715,533

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 10)

-

56,808

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

56,808

108,530

Between one and five years

-

56,808

56,808

165,338

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

2,756

6,604

Between one and five years

-

2,756

2,756

9,360

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

153,641

159,071

Deferred

tax

£

Balance at 1 January 2025

159,071

Movement in year

(5,430

)

Balance at 31 December 2025

153,641

The provision for Deferred Tax is in respect of accelerated capital allowances available to the company which are expected to reverse in the foreseeable future.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2025

1,276,592

Profit for the year

504,060

At 31 December 2025

1,780,652

14.	RELATED PARTY DISCLOSURES