ACCOUNTS - Final Accounts preparation

COMMITMENTS UNDER OPERATING LEASES

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 09283094

RUSH (HIGH WYCOMBE) LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

RUSH (HIGH WYCOMBE) LIMITED

REGISTERED NUMBER:09283094

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		53		102
Tangible assets	6		741,534		837,607
			741,587		837,709
Current assets
Stocks		8,192		10,411
Debtors: amounts falling due within one year	7	1,651,635		1,286,348
Cash at bank and in hand	8	108,297		131,414
		1,768,124		1,428,173
Creditors: amounts falling due within one year	9	(922,297)		(1,086,066)
Net current assets			845,827		342,107
Total assets less current liabilities			1,587,414		1,179,816
Provisions for liabilities
Deferred tax	10		(169,034)		(192,001)
Net assets			1,418,380		987,815

Capital and reserves
Called up share capital	11	2	2
Profit and loss account	12	1,418,378	987,813
		1,418,380	987,815

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr P B James

Director

Date: 1 October 2026

The notes on pages 2 to 9 form part of these financial statements.

Page 1

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

The Company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:

5 Patchway Trading Estate
Britannia Road
Patchway
Bristol
BS34 5TA

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

GOING CONCERN

In considering the appropriate basis on which to prepare the financial statements, the directors are required to consider if the Company can continue in operational existence for at least 12 months from the date of approval of these financial statements.

The directors have considered the financial position of the Company and the wider group, together with the group’s forecasts, and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

OPERATING LEASES: THE COMPANY AS LESSEE

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term.

2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	7%	Straight line
Fixtures and fittings	-	7%	Straight line
Computer equipment	-	20%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.11

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.13

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

3.	JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities within the statement of financial position and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.

Depreciation and impairment of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 69 (2024: 70).

Page 5

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	INTANGIBLE ASSETS

		Trademarks
		£
	COST
	At 1 January 2025	22,103
	At 31 December 2025	22,103
	AMORTISATION
	At 1 January 2025	22,001
	Charge for the year on owned assets	49
	At 31 December 2025	22,050
	NET BOOK VALUE
	At 31 December 2025	53
	At 31 December 2024	102

6.	TANGIBLE FIXED ASSETS

	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
COST
At 1 January 2025	1,108,611	1,134,674	10,238	2,253,523
Additions	33,761	7,375	772	41,908
At 31 December 2025	1,142,372	1,142,049	11,010	2,295,431
DEPRECIATION
At 1 January 2025	759,114	652,967	3,835	1,415,916
Charge for the year on owned assets	60,099	75,768	2,114	137,981
At 31 December 2025	819,213	728,735	5,949	1,553,897
NET BOOK VALUE
At 31 December 2025	323,159	413,314	5,061	741,534
At 31 December 2024	349,497	481,707	6,403	837,607

Page 6

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	689	1,040
Amounts owed by group undertakings	1,481,023	1,145,328
Other debtors	36,624	21,978
Prepayments and accrued income	133,299	118,002
	1,651,635	1,286,348

Amounts owed by group undertakings are repayable on demand and interest free. No security has been provided in respect of these amounts.

8.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	108,297	131,414
	108,297	131,414

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	40,148	129,143
Amounts owed to group undertakings	806,582	638,401
Corporation tax	-	182,062
Other taxation and social security	15,160	66,979
Other creditors	4,713	6,256
Accruals and deferred income	55,694	63,225
	922,297	1,086,066

Amounts owed to group undertakings are repayable on demand and interest free. No security has been provided in respect of these amounts.

10.	DEFERRED TAXATION

Page 7

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.DEFERRED TAXATION (CONTINUED)

		2025
		£

	At beginning of year	(192,001)
	Credited to profit or loss	22,967
	AT END OF YEAR	(169,034)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	(169,062)	(192,001)
Short term timing differences	28	-
	(169,034)	(192,001)

11.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

2 (2024: 2) Ordinary shares of £1.00 each	2.00	2.00

12.

RESERVES

Profit and loss account

This reserve records retained earnings and accumulated losses less amounts distributed to shareholders.

13.	PENSION COMMITMENTS

During the year, the Company operated a defined contribution pension scheme through an external provider. Employer contributions to the scheme for the year totalled £3,386 (2024: £4,272). Accrued pension contributions outstanding at the balance date totalled £NIL (2024: £690).

Page 8

RUSH (HIGH WYCOMBE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Not later than 1 year	264,000	198,000
Later than 1 year and not later than 5 years	462,000	-
	726,000	198,000

15.	RELATED PARTY TRANSACTIONS
	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.

16.	CONTROLLING PARTY

The immediate parent undertaking is Rush Trampoline Parks Limited, a company registered in the UK.

The ultimate controlling party is Activeon AS.

The parent of the smallest and 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.

17.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 1 October 2026 by Stuart Crisp BSc FCA (Senior Statutory Auditor) on behalf of Bishop Fleming Audit Limited.

Page 9