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: 09758140

RUSH (BIRMINGHAM) LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

RUSH (BIRMINGHAM) LIMITED

REGISTERED NUMBER:09758140

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		941		1,866
Tangible assets	6		934,724		1,053,330
			935,665		1,055,196
Current assets
Stocks		22,831		28,616
Debtors: amounts falling due within one year	7	3,913,657		3,118,255
Cash at bank and in hand	8	111,119		87,746
		4,047,607		3,234,617
Creditors: amounts falling due within one year	9	(1,221,959)		(1,311,696)
Net current assets			2,825,648		1,922,921
Total assets less current liabilities			3,761,313		2,978,117
Provisions for liabilities
Deferred tax	10		(81,241)		(95,622)
Net assets			3,680,072		2,882,495

Capital and reserves
Called up share capital	11	1	1
Profit and loss account	12	3,680,071	2,882,494
		3,680,072	2,882,495

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: 30 September 2026

The notes on pages 2 to 11 form part of these financial statements.

Page 1

RUSH (BIRMINGHAM) 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.

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RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

REVENUE

Revenue represents amounts receivable from admission tickets, and the sale of merchandise, food and drink, and gift cards. Turnover is stated net of discounts, rebates, value added tax and other sales taxes.

Services (admission revenue)

Revenue from admission tickets is recognised as the service is provided on the day of admission to the venue. Amounts received for future bookings are deferred initially and subsequently recognised in turnover on the date of the booked visit. Non-refundable amounts relating to cancelled bookings are recognised when the Company becomes entitled to retain them.

Goods (merchandise, food and drink)

Revenue from the sale of merchandise, food and drink is recognised at the point of sale.

Gift Cards

Turnover from sales of gift cards is recognised at the earlier of point of redemption and the point of
expiry.

2.5

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.

2.6

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.

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RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

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.

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.

Page 4

RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.9

TANGIBLE FIXED ASSETS (CONTINUED)

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:

Long-term leasehold property	-		Straight line over the life of the lease
Trampolines	-	7%	Straight line
Fixtures and fittings	-	20%	Straight line
Computer equipment	-	20%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, 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.

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.

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RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

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.

2.15

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 78 (2024:78).

Page 6

RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	INTANGIBLE ASSETS

		Trademarks
		£
	COST
	At 1 January 2025	17,071
	At 31 December 2025	17,071
	AMORTISATION
	At 1 January 2025	15,205
	Charge for the year on owned assets	925
	At 31 December 2025	16,130
	NET BOOK VALUE
	At 31 December 2025	941
	At 31 December 2024	1,866

Page 7

RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	TANGIBLE FIXED ASSETS

	Property fit-out	Trampolines	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
COST
At 1 January 2025	1,021,561	860,700	252,254	14,984	2,149,499
Additions	-	9,774	14,755	150	24,679
At 31 December 2025	1,021,561	870,474	267,009	15,134	2,174,178
DEPRECIATION
At 1 January 2025	495,450	374,759	219,651	6,309	1,096,169
Charge for the year	68,104	57,543	14,611	3,027	143,285
At 31 December 2025	563,554	432,302	234,262	9,336	1,239,454
NET BOOK VALUE
At 31 December 2025	458,007	438,172	32,747	5,798	934,724
At 31 December 2024	526,111	485,941	32,603	8,675	1,053,330

Page 8

RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	7,789	677
Amounts owed by group undertakings	3,788,420	2,997,791
Prepayments and accrued income	117,448	119,787
	3,913,657	3,118,255

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	111,119	87,746
	111,119	87,746

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

Trade creditors	33,314	37,281
Amounts owed to group undertakings	1,086,806	930,175
Corporation tax	-	189,934
Other taxation and social security	40,594	71,486
Other creditors	7,663	8,165
Accruals and deferred income	53,582	74,655
	1,221,959	1,311,696

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

Page 9

RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(95,622)
	Credited to profit or loss	14,381
	AT END OF YEAR	(81,241)

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

	Fixed asset timing differences	(81,241)	(95,622)
		(81,241)	(95,622)

11.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

1 (2024:1) Ordinary share of £1.00	1.00	1.00

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 £6,145 (2024: £7,133). Accrued pension contributions outstanding at the balance date totalled £NIL (2024: £1,470).

Page 10

RUSH (BIRMINGHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Not later than 1 year	54,878	220,000
Later than 1 year and not later than 5 years	-	880,000
Later than 5 years	-	1,741,667
	54,878	2,841,667

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 controlling party 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 30 September 2026 by Stuart Crisp BSc FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

Page 11