Mersey View Pleasure Grounds Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00376141 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Mersey View Pleasure Grounds Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

3,907,908

3,668,039

CURRENT ASSETS

Stocks

17,319

17,269

Debtors

5

129,796

124,848

Cash at bank and in hand

79,746

67,871

226,861

209,988

CREDITORS

Amounts falling due within one year

6

747,973

901,536

NET CURRENT LIABILITIES

(521,112

)

(691,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,386,796

2,976,491

CREDITORS

Amounts falling due after more than one year

7

1,364,100

731,821

NET ASSETS

2,022,696

2,244,670

CAPITAL AND RESERVES

Called up share capital

4,000

Retained earnings

2,018,696

2,240,670

SHAREHOLDERS' FUNDS

2,022,696

2,244,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr B D Peck - Director

1.	STATUTORY INFORMATION

Mersey View Pleasure Grounds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00376141

Registered office:

Overton Hill

Frodsham

Warrington

Cheshire

WA6 6HH

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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

-

NIL % per annum

Fixtures and fittings

-

10% on cost and Straight line over 15 years

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 Profit and Loss Account, 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.

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 56 (2024 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 March 2024

3,325,296

3,050,128

6,375,424

Additions

278,103

41,262

319,365

At 28 February 2025

3,603,399

3,091,390

6,694,789

DEPRECIATION

At 1 March 2024

-

2,707,385

Charge for year

-

79,496

At 28 February 2025

-

2,786,881

NET BOOK VALUE

At 28 February 2025

3,603,399

304,509

3,907,908

At 29 February 2024

3,325,296

342,743

3,668,039

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

129,796

124,848

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 8)

146,472

287,348

Trade creditors

145,943

202,658

Taxation and social security

259,562

187,035

Other creditors

195,996

224,495

747,973

901,536

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans (see note 8)

1,364,100

731,821

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

87,361

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

146,472

287,348

Amounts falling due between one and two years:

Bank loans - 1-2 years

28,351

197,301

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,335,749

447,159

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

87,361

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

1,510,572

1,019,169

Bank Loans have fixed charges over the company's freehold property, and fixed and floating charges over the company's undertaking and all assets.