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COMPANY REGISTRATION NUMBER: 02964980
Lincolnshire Showground Limited
Filleted Financial Statements
For the year ended
30 September 2024
Lincolnshire Showground Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
153,965
166,902
Cash at bank and in hand
33,224
13,800
----------
----------
187,189
180,702
Creditors: amounts falling due within one year
6
187,185
180,698
----------
----------
Net current assets
4
4
----
----
Total assets less current liabilities
4
4
----
----
Net assets
4
4
----
----
Capital and reserves
Called up share capital
4
4
----
----
Shareholders funds
4
4
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
A Buckley
A Price
Director
Director
Company registration number: 02964980
Lincolnshire Showground Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lincolnshire Showground, Grange-de-Lings, Lincoln, LN2 2NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Donations to charitable parent company
The directors have resolved to pay the profits of the company to the Lincolnshire Agricultural Society, Registered No 1845726, Charity No 515652, by donation, such a resolution being in keeping with section 3(t) of the company's Memorandum and Articles of Association.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents goods ands services provided in the year, exclusive of Value Added Tax.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Debtors
2024
2023
£
£
Trade debtors
153,965
166,902
----------
----------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
146,611
79,940
Social security and other taxes
639
Other creditors
39,935
100,758
----------
----------
187,185
180,698
----------
----------
7. Summary audit opinion
The auditor's report dated 29 May 2025 was unqualified .
The senior statutory auditor was Linda Lord , for and on behalf of Streets Audit LLP .
8. Controlling party
The Lincolnshire Agricultural Society is regarded by the directors as the ultimate parent company.