Company No: 02951567 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	24,258		9,971
		24,258		9,971
Current assets
Stocks		2,925		4,873
Debtors	4	9,365		4,720
Cash at bank and in hand		18,144		15,593
		30,434		25,186
Creditors: amounts falling due within one year	5	( 160,267)		( 77,735)
Net current liabilities		(129,833)		(52,549)
Total assets less current liabilities		(105,575)		(42,578)
Creditors: amounts falling due after more than one year	6	( 335,916)		( 348,740)
Net liabilities		( 441,491)		( 391,318)
Capital and reserves
Called-up share capital	7	435,246		435,246
Profit and loss account		( 876,737 )		( 826,564 )
Total shareholder's deficit		( 441,491)		( 391,318)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Mount Batten Park Limited (registered number: 02951567) were approved and authorised for issue by the Board of Directors on 11 November 2025. They were signed on its behalf by:

Mrs M E Manning 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

Mount Batten Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 70 Lawrence Road, Mount Batten Plymstock, Plymouth, PL9 9SJ, 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 have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, 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 or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements	4 years straight line
Plant and machinery	10 years straight line
Fixtures and fittings	4 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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 that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		19

The directors received no remuneration from the company during the year.

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2024	0		22,935		72,648		95,583
Additions	17,714		0		3,292		21,006
At 31 December 2024	17,714		22,935		75,940		116,589
Accumulated depreciation
At 01 January 2024	0		22,935		62,677		85,612
Charge for the financial year	1,092		0		5,627		6,719
At 31 December 2024	1,092		22,935		68,304		92,331
Net book value
At 31 December 2024	16,622		0		7,636		24,258
At 31 December 2023	0		0		9,971		9,971

4. Debtors

	2024		2023
	£		£
Other debtors	9,365		4,720

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	7,851		3,764
Amounts owed to Group undertakings	11,670		11,670
Other loans	14,084		1,260
Accruals and deferred income	1,560		31,042
Other taxation and social security	58,865		6,146
Other creditors	66,237		23,853
	160,267		77,735

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

	2024		2023
	£		£
Other creditors	335,916		348,740

Included in other creditors is a loan totalling £350,000 (2023: £350,000) which is secured over property owned by Mount Batten Park Limited's parent company, Mount Batten Sailing and Water Sports Centre. A balance of £14,084 has been disclosed in creditors falling due within one year.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2024		2023
	£		£
Other creditors (repayable by instalments)	160,246		186,749

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
435,246 Ordinary shares shares of £ 1.00 each	435,246		435,246

8. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £99 (2023 - £100).

9. Related party transactions

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

The company has taken advantage of the exemption in FRS102 'Related Party Disclosures' from disclosing transactions with other wholly owned members of the group.

Mount Batten Centre Charity Trust
During the year the company charged Mount Batten Centre Charity Trust £490,289 (2023: nil) for services provided. During the year the Mount Batten Centre Charity Trust charged the company £136,357 (2023 - Nil) for use of shared services. During the year the company operated a loan account with Mount Batten Centre Charity Trust with £396,975 (2023: (279,870)) being advanced. At the balance sheet date, £65,581 (2023: £22,538) was due to Mount Batten Centre Charity Trust and is included in Other creditors.

Mount Batten Sailing and Water Sports Centre
In 2023 Mount Batten Park Limited received a loan which is secured over property owned by its parent company, Mount Batten Sailing and Water Sports Centre. At the balance sheet date, the total secured balance on this loan was £350,000 (2023: £350,000) and has been included within other creditors.

10. Ultimate controlling party

Parent Company:

Mount Batten Sailing and Water Sports Centre

70 Lawrence Road, Mount Batten Plymstock, Plymouth, Devon, PL9 9SJ

The company's immediate parent is Mount Batten Sailing and Water Sports Centre, incorporated in England. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.