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REGISTERED NUMBER: 07497215 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SKI ROSSENDALE LIMITED

SKI ROSSENDALE LIMITED (REGISTERED NUMBER: 07497215)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKI ROSSENDALE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: R Fulton
C Mahood
K Pilkington
S Kemp





REGISTERED OFFICE: Haslingden Old Road
Rawtenstall
Rossendale
BB4 8RR





REGISTERED NUMBER: 07497215 (England and Wales)





AUDITORS: Ainsworths Limited
Chartered Accountants
and Statutory Auditors
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

SKI ROSSENDALE LIMITED (REGISTERED NUMBER: 07497215)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,781 58,765

CURRENT ASSETS
Stocks 1,291 2,362
Debtors 5 38,517 27,824
Cash at bank and in hand 14,145 19,205
53,953 49,391
CREDITORS
Amounts falling due within one year 6 102,405 108,189
NET CURRENT LIABILITIES (48,452 ) (58,798 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,671

)

(33

)

RESERVES
Income and expenditure account (3,671 ) (33 )
(3,671 ) (33 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2024 and were signed on its behalf by:





R Fulton - Director


SKI ROSSENDALE LIMITED (REGISTERED NUMBER: 07497215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Ski Rossendale Limited is a private company, limited by guarantee , 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
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 on a going concern basis which assumes that the company will be able to meet its liabilities as they fall due. The related party, Rossendale Borough Council, have indicated their ongoing financial support to the parent company of the group which the company is part of. The directors have considered this support, along with the cashflow forecasts and budgets. Accordingly, the directors have concluded that it is appropriate for these financial statements to be prepared on the 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 - 25% on cost
Fixtures and fittings - 15% on reducing balance

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.


SKI ROSSENDALE LIMITED (REGISTERED NUMBER: 07497215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
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 surplus or deficit 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 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2023 44,902 91,715 136,617
Additions 250 575 825
Disposals (4,314 ) (2,601 ) (6,915 )
At 31st March 2024 40,838 89,689 130,527
DEPRECIATION
At 1st April 2023 30,947 46,905 77,852
Charge for year 7,023 6,880 13,903
Eliminated on disposal (4,314 ) (1,695 ) (6,009 )
At 31st March 2024 33,656 52,090 85,746
NET BOOK VALUE
At 31st March 2024 7,182 37,599 44,781
At 31st March 2023 13,955 44,810 58,765

SKI ROSSENDALE LIMITED (REGISTERED NUMBER: 07497215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 31,176 20,496
Other debtors 7,341 7,328
38,517 27,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 9,739 25,860
Amounts owed to group undertakings 40,087 40,087
Amounts owed to Rossendale BC 30,189 18,449
Taxation and social security 4,004 3,673
Other creditors 18,386 20,120
102,405 108,189

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

The Report of the Auditors was unqualified.

Mark Sunter FCA (Senior Statutory Auditor)
for and on behalf of Ainsworths Limited

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the members of Rossendale Leisure Trust, the parent company, by virtue of Rossendale Leisure Trust being the sole member of the company.

9. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. The liability of each member, by way of their guarantee to the company, is to contribute a sum not exceeding £50 towards the company's assets, if so required on the winding up of the company.