Company registration number 12783413 (England and Wales)
FAIRGROUND HERITAGE TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FAIRGROUND HERITAGE TRADING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

Welcome to the Fairground Heritage Trading (FHTL) company report for 2024/5, the company’s final year of operation.

Following the decision of the Trustees of the Fairground Heritage Trust in November 2023 to close Dingles Fairground Museum, there were two objectives for FHTL for 2024/5.

  1. 1.    To operate the museum as long as possible, maximising the revenue

  2. 2.    To assist in existing the Devon site by the 31st December 2024

Following a successful reopening in the February half-term, the closure announcement was made at the end of March 2024. This announcement provided a marketing initiative of “visit for a final time” that, together with some bad weather in school holidays, increased patronage at Dingles Fairground Museum to levels not seen since 2018/19.

The exit plan saw the museum part of the building closed at the end of the summer school holidays and packing of exhibits started. The operating rides hall remained open until the final day of Dingles Fairground Museum on November 22nd 2024.

With the site closed to the public, the final chapter saw the museum contents packaged, loan items returned, and the Fairground Heritage Trust’s items dispatched to new homes. Finally, the site was handed back to the landlord.

The costs of moving out, dilapidations and settling contentious items has caused a one-off “Exit Costs” item in the accounts that are really the product of 19 years of occupation at the Devon site and works out at about £6k p.a. over the period of occupancy. There were also other one-off costs of exiting services, operational costs and dealing with redundancy payments. Outside of these exceptional items, the remaining costs shown in the accounts followed our revenue, in line with previous years.

Dingles Fairground Museum was a special place, and its closure is seen as a huge loss to the local area. In context, the Dingles announcement preceded three other West Country museums closing that reflect very difficult trading conditions in the sector.

The FHTL would like to thank the customers of Dingles Fairground Museum not only in this year, but in all our previous years of operation. In addition, the company would like to thank our staff at the museum with the core team of Sue Perry, Thomas Rowland, Sarah Butler-Vincent and Neil Daley but also our thanks to our team of museum staff, volunteers and supporters.

As the financial year ends, the company is no longer trading and now exists solely to address any outstanding items (Vat, creditors, etc) and is likely be closed in fiscal Q1 2025/2026.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr A M Brown
Mr A S Reed

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

FAIRGROUND HERITAGE TRADING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
On behalf of the board
Mr A M Brown
Mr A S Reed
Director
Director
9 July 2025
FAIRGROUND HERITAGE TRADING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2025
2024
£
£
Turnover
397,920
364,224
Other income
1,808
16,115
Cost of raw materials and consumables
(35,023)
(31,513)
Staff costs
(130,823)
(197,752)
Depreciation and other amounts written off assets
(4,220)
(1,041)
Other charges
(233,273)
(136,962)
Tax
(29)
(2,393)
(Loss)/profit
(3,640)
10,678
FAIRGROUND HERITAGE TRADING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
£
£
£
£
Fixed assets
-
0
6,857
Current assets
123,816
81,300
Creditors: amounts falling due within one year
(104,384)
(65,085)
Net current assets
19,432
16,215
Total assets less current liabilities
19,432
23,072
Net assets
19,432
23,072
Capital and reserves
19,432
23,072
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2025
2024
Number
Number
Employees
6
9

Fairground Heritage Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is Milford Farm, Lifton, Devon, United Kingdom, PL16 0AT.

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

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

FAIRGROUND HERITAGE TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 5 -
The financial statements were approved by the board of directors and authorised for issue on 9 July 2025 and are signed on its behalf by:
Mr A M Brown
Mr A S Reed
Director
Director
Company registration number 12783413 (England and Wales)
2025-03-312024-04-01falsefalseCCH SoftwareCCH Accounts Production 2025.100Mr A M BrownMr A S Reedfalse127834132024-04-012025-03-3112783413bus:Director12024-04-012025-03-3112783413bus:Director22024-04-012025-03-31127834132023-04-012024-03-31127834132025-03-31127834132024-03-3112783413core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3112783413core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3112783413bus:PrivateLimitedCompanyLtd2024-04-012025-03-3112783413bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3112783413bus:Micro-entities2024-04-012025-03-3112783413bus:AuditExemptWithAccountantsReport2024-04-012025-03-3112783413bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP