Showground Properties Limited 13582962 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13582962 2024-04-01 2025-03-31 13582962 2025-03-31 13582962 bus:OrdinaryShareClass1 2025-03-31 13582962 bus:OrdinaryShareClass2 2025-03-31 13582962 core:CurrentFinancialInstruments 2025-03-31 13582962 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13582962 core:Non-currentFinancialInstruments 2025-03-31 13582962 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13582962 core:LandBuildings 2025-03-31 13582962 bus:SmallEntities 2024-04-01 2025-03-31 13582962 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13582962 bus:FilletedAccounts 2024-04-01 2025-03-31 13582962 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13582962 bus:RegisteredOffice 2024-04-01 2025-03-31 13582962 bus:Director1 2024-04-01 2025-03-31 13582962 bus:Director2 2024-04-01 2025-03-31 13582962 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13582962 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13582962 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13582962 core:Buildings 2024-04-01 2025-03-31 13582962 countries:AllCountries 2024-04-01 2025-03-31 13582962 2024-03-31 13582962 core:LandBuildings 2024-03-31 13582962 2023-04-01 2024-03-31 13582962 2024-03-31 13582962 bus:OrdinaryShareClass1 2024-03-31 13582962 bus:OrdinaryShareClass2 2024-03-31 13582962 core:CurrentFinancialInstruments 2024-03-31 13582962 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13582962 core:Non-currentFinancialInstruments 2024-03-31 13582962 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13582962 core:LandBuildings 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13582962

Showground Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Showground Properties Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Showground Properties Limited

(Registration number: 13582962)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

363,078

363,078

Current assets

 

Debtors

5

542

106

Investments

6

1

1

Cash at bank and in hand

 

3,931

2,161

 

4,474

2,268

Creditors: Amounts falling due within one year

7

(4,955)

(4,155)

Net current liabilities

 

(481)

(1,887)

Total assets less current liabilities

 

362,597

361,191

Creditors: Amounts falling due after more than one year

7

(56,375)

(83,375)

Net assets

 

306,222

277,816

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

306,221

277,815

Shareholders' funds

 

306,222

277,816

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2025 and signed on its behalf by:
 

Mr D J Morris
Director

Mrs A J Morris
Director

 
     
 

Showground Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 15 July 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Showground Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

NIL depreciation

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Showground Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2024

363,078

363,078

At 31 March 2025

363,078

363,078

Depreciation

Carrying amount

At 31 March 2025

363,078

363,078

At 31 March 2024

363,078

363,078

Included within the net book value of land and buildings above is £363,078 (2024 - £363,078) in respect of long leasehold land and buildings.
 

5

Debtors

Current

2025
£

2024
£

Prepayments

542

106

 

542

106

6

Current asset investments

2025
£

2024
£

Other investments

1

1

 

Showground Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

2,231

1,663

Taxation and social security

 

543

761

Accruals and deferred income

 

480

480

Other creditors

 

1,701

1,251

 

4,955

4,155

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

56,375

83,375

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A shares of £0.01 each

50

1

50

1

Ordinary B shares of £0.01 each

50

1

50

1

100

1

100

1

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

56,375

83,375

 

Showground Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

2025
£

2024
£

Bank overdrafts

-

56

Directors loan

2,231

1,607

2,231

1,663