Carousel Management Holdings (UK) Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08182820 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Carousel Management Holdings (UK)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

J H Cogger

G J Cogger

M J G Hill

J D M Hill

REGISTERED OFFICE:

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

REGISTERED NUMBER:

08182820 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Investments

3

400

400

CURRENT ASSETS

Debtors

4

11,859

22,166

CREDITORS

Amounts falling due within one year

5

11,859

22,166

NET CURRENT LIABILITIES

-

-

TOTAL ASSETS LESS CURRENT LIABILITIES

400

400

CAPITAL AND RESERVES

Called up share capital

400

400

SHAREHOLDERS' FUNDS

400

400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 December 2017 and were signed on its behalf by:

M J G Hill - Director

J D M Hill - Director

J H Cogger - Director

G J Cogger - Director

1.	STATUTORY INFORMATION

Carousel Management Holdings (UK) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland":

- the requirements of Section 7 Statement of Cash Flows - Presentation of a Statement of Cash Flow and related

notes and disclosures;

- the requirements of Section 11 'Basic Financial Instruments' & Section 12 'Other Financial Instrument Issues' -

Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis

of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value

changes recognised in the profit or loss and in other comprehensive income.

- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

First time adoption of FRS 102

These financial statements are the first financial statements of Carousel Management Holdings (UK) Limited

prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in

the UK and Republic of Ireland' (FRS 102). The financial statements of Carousel Management Holdings (UK)

Limited for the year ended 31 March 2016 were prepared in accordance with previous UK GAAP.

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy

choices differ from previous UK GAAP. Consequently, the directors have amended certain accounting policies

to comply with FRS 102. The directors have also taken advantage of certain exemptions from the requirements

of FRS 102 permitted by FRS 102 Chapter 35 'Transition to this FRS'.

Comparative figures have been restated to reflect the adjustments made, except to the extent that the directors

have taken advantage of exemptions to retrospective application of FRS 102 permitted by FRS 102 Chapter 35

'Transition to this FRS'. Adjustments are recognised directly in equity within the cumulative profit and loss

account at the transition date.

Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise

indicated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

400

NET BOOK VALUE

At 31 March 2017

400

At 31 March 2016

400

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Carousel Amusements Limited

Registered office:

Nature of business: Operation of a leisure park

%

Class of shares:

holding

Ordinary

100.00

31.3.17

31.3.16

£

£

Aggregate capital and reserves

405,203

378,163

Profit for the year

233,440

394,483

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts owed by group undertakings

-

22,166

Other debtors

11,859

-

11,859

22,166

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts owed to group undertakings

9,259

-

Other creditors

2,600

22,166

11,859

22,166

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

M J G Hill

Balance outstanding at start of year

(3,829

)

679

Amounts advanced

4,553

-

Amounts repaid

(208

)

(4,508

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

516

(3,829

)

J D M Hill

Balance outstanding at start of year

(2,754

)

1,754

Amounts advanced

14,304

-

Amounts repaid

(208

)

(4,508

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,342

(2,754

)

J H Cogger

Balance outstanding at start of year

(5,037

)

(529

)

Amounts advanced

4,300

-

Amounts repaid

(208

)

(4,508

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(945

)

(5,037

)

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £185,760 (2016 - £201,488) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The directors are of the opinion that there is no ultimate controlling party.

9.	FIRST YEAR ADOPTION

The company transitioned to FRS 102 from previously extant UK GAAP as at 1 April 2016.

There has been no impact on the equity of the company or the profit previously reported as a result of the

transition.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

Date: .............................................