Adventure Mini Golf Ltd - Accounts to registrar (filleted) - small 18.2

Adventure Mini Golf Ltd - Accounts to registrar (filleted) - small 18.2

ADVENTURE MINI GOLF LTD - Company Information

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REGISTERED NUMBER: 06241091 (England and Wales)














Financial Statements

for the Year Ended 31 December 2021

for

Adventure Mini Golf Ltd
Adventure Mini Golf Ltd (Registered number: 06241091)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Balance Sheet 1

Notes to the Financial Statements 2


Adventure Mini Golf Ltd (Registered number: 06241091)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 272,953 314,733

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 89,011 590,328
Cash at bank and in hand 184,216 27,494
274,227 618,822
CREDITORS
Amounts falling due within one year 6 275,960 263,911
NET CURRENT (LIABILITIES)/ASSETS (1,733 ) 354,911
TOTAL ASSETS LESS CURRENT LIABILITIES 271,220 669,644

CREDITORS
Amounts falling due after more than one
year
7
(208,334
)
-

PROVISIONS FOR LIABILITIES (47,395 ) (54,352 )
NET ASSETS 15,491 615,292

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 5,491 605,292
SHAREHOLDERS' FUNDS 15,491 615,292

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 15 July 2022 and were signed on its behalf by:





M I Chaudry - Director


The notes form part of these financial statements

Page 1
Adventure Mini Golf Ltd (Registered number: 06241091)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Adventure Mini Golf Ltd 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: 06241091

Registered office: Waterworld Festival Way
Festival Park
Stoke On Trent
Staffordshire
ST1 5PU

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.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies are set out below.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

Government grants
Grants from Government are recognised where there is reasonable assurance that the grant will be received and the company will comply with all attached conditions.

Covid-19 related grants are Government grants receivable in light of the ongoing Covid-19 pandemic. The amounts principally reflect grants receivable under the Coronavirus Job Retention Scheme ("CJRS"). Under CJRS, grant income may be claimed in respect of certain costs to the Group of furloughed employees.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Page 2 continued...
Adventure Mini Golf Ltd (Registered number: 06241091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
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
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 9 (2020 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 835,597
DEPRECIATION
At 1 January 2021 520,864
Charge for year 41,780
At 31 December 2021 562,644
NET BOOK VALUE
At 31 December 2021 272,953
At 31 December 2020 314,733

Page 3 continued...
Adventure Mini Golf Ltd (Registered number: 06241091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 57,660 525,885
Other debtors 31,351 64,443
89,011 590,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 41,667 50,000
Trade creditors 199,303 207,641
Taxation and social security 31,536 200
Other creditors 3,454 6,070
275,960 263,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 208,334 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,334 -

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary Shares 1 10,000 10,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA(Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

10. FINANCIAL COMMITMENTS AND GUARANTEES

The bank has a fixed and floating charge over all the assets owned by the company.

At the year end date the company had outstanding operating lease commitments for future minimum lease payments of £1,127,930 (2020 - £1,232,930).

Page 4 continued...
Adventure Mini Golf Ltd (Registered number: 06241091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

11. ULTIMATE CONTROLLING PARTY

Adventure Mini Golf Ltd is a wholly owned subsidiary of Waterworld Leisure Group Ltd which is controlled by M Investment Group Ltd and the results of Adventure Mini Golf Ltd are included in the consolidated financial statements of M Investment Group Ltd which are available from Queens Gardens Business Centre, 31 Ironmarket, Newcastle. Staffordshire, ST5 1RP.

Page 5