IRIS Accounts Production v23.2.0.158 00976891 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009768912022-02-28009768912023-02-28009768912022-03-012023-02-28009768912021-02-28009768912021-03-012022-02-28009768912022-02-2800976891ns16:EnglandWales2022-03-012023-02-2800976891ns15:PoundSterling2022-03-012023-02-2800976891ns11:Director12022-03-012023-02-2800976891ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2800976891ns11:SmallEntities2022-03-012023-02-2800976891ns11:AuditExemptWithAccountantsReport2022-03-012023-02-2800976891ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2800976891ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2800976891ns11:AbridgedAccounts2022-03-012023-02-2800976891ns11:Director22022-03-012023-02-2800976891ns11:RegisteredOffice2022-03-012023-02-2800976891ns6:CurrentFinancialInstruments2023-02-2800976891ns6:CurrentFinancialInstruments2022-02-2800976891ns6:ShareCapital2023-02-2800976891ns6:ShareCapital2022-02-2800976891ns6:RetainedEarningsAccumulatedLosses2023-02-2800976891ns6:RetainedEarningsAccumulatedLosses2022-02-2800976891ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-2800976891ns6:LeaseholdImprovements2022-03-012023-02-2800976891ns6:PlantMachinery2022-03-012023-02-2800976891ns6:FurnitureFittings2022-03-012023-02-2800976891ns6:MotorVehicles2022-03-012023-02-2800976891ns11:Director112022-02-2800976891ns11:Director112021-02-2800976891ns11:Director112022-03-012023-02-2800976891ns11:Director112021-03-012022-02-2800976891ns11:Director112023-02-2800976891ns11:Director112022-02-28
REGISTERED NUMBER: 00976891 (England and Wales)














Lord Corrigan Promotions Limited

Unaudited Financial Statements

For The Year Ended 28 February 2023






Lord Corrigan Promotions Limited (Registered number: 00976891)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Lord Corrigan Promotions Limited

Company Information
For The Year Ended 28 February 2023







DIRECTORS: J L Corrigan
Mrs V L Corrigan



REGISTERED OFFICE: 2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



REGISTERED NUMBER: 00976891 (England and Wales)



ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



BANKERS: Yorkshire Bank plc
24 Huntriss Row
Scarborough
North Yorkshire
YO11 2EG



SOLICITORS: Lupton Fawcett LLP
2 The Embankment
Sovereign Street
Leeds
LS1 4BA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lord Corrigan Promotions Limited

The following reproduces the text of the report prepared for the directors 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lord Corrigan Promotions Limited for the year ended 28 February 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lord Corrigan Promotions Limited, as a body, in accordance with the terms of our engagement letter dated 18 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Lord Corrigan Promotions Limited and state those matters that we have agreed to state to the Board of Directors of Lord Corrigan Promotions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lord Corrigan Promotions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lord Corrigan Promotions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lord Corrigan Promotions Limited. You consider that Lord Corrigan Promotions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lord Corrigan Promotions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


1 November 2023

Lord Corrigan Promotions Limited (Registered number: 00976891)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 408,277 347,375

CURRENT ASSETS
Stocks 53,101 45,999
Debtors 103,258 95,606
Cash at bank and in hand 522,184 1,611,233
678,543 1,752,838
CREDITORS
Amounts falling due within one year 503,181 1,580,742
NET CURRENT ASSETS 175,362 172,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,639

519,471

PROVISIONS FOR LIABILITIES (78,771 ) (68,708 )

ACCRUALS AND DEFERRED INCOME (1,361 ) (1,210 )
NET ASSETS 503,507 449,553

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 483,507 429,553
SHAREHOLDERS' FUNDS 503,507 449,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Lord Corrigan Promotions Limited (Registered number: 00976891)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 1 November 2023 and were signed on its behalf by:





J L Corrigan - Director


Lord Corrigan Promotions Limited (Registered number: 00976891)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Lord Corrigan Promotions 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.

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 represents net takings from amusement activities, excluding value added tax and machine games duty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property Improvements - Straight line over 25 years
Machines and Rides - 25% on reducing balance
Other Equipment - 10% on cost
Office Equipment - 10% on cost
Motor vehicles - 25% on reducing balance

No depreciation is provided until a tangible fixed asset is brought ino use.

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 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 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.

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.

Lord Corrigan Promotions Limited (Registered number: 00976891)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 1,208,799
Additions 137,442
Disposals (44,520 )
At 28 February 2023 1,301,721
DEPRECIATION
At 1 March 2022 861,424
Charge for year 74,844
Eliminated on disposal (42,824 )
At 28 February 2023 893,444
NET BOOK VALUE
At 28 February 2023 408,277
At 28 February 2022 347,375

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
J L Corrigan
Balance outstanding at start of year 37,751 1,162
Amounts advanced 58,381 44,757
Amounts repaid (58,481 ) (8,168 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,651 37,751

6. RELATED PARTY DISCLOSURES

The following balances were due to/(from) the Directors:
2023 2022
£    £   
J L Corrigan (37,651 ) (37,751 )

7. ULTIMATE CONTROLLING PARTY

The controlling party is Jimmy Corrigan's Limited.

The ultimate controlling party is J L Corrigan.