REGISTERED NUMBER: 04102992 (England and Wales)

Hinton Skydiving Centre Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

R G Wood

M R Browne

SECRETARY:

R G Wood

REGISTERED OFFICE:

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

REGISTERED NUMBER:

04102992 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

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 Hinton Skydiving Centre Limited for the year ended 31 March 2025 which comprise the Income Statement, 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 Hinton Skydiving Centre Limited, as a body, in accordance with the terms of our engagement letter dated 8 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Hinton Skydiving Centre Limited and state those matters that we have agreed to state to the Board of Directors of Hinton Skydiving Centre 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 Hinton Skydiving Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hinton Skydiving Centre 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 loss of Hinton Skydiving Centre Limited. You consider that Hinton Skydiving Centre 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 Hinton Skydiving Centre 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.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

Date: .............................................

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

744,628

843,700

744,628

843,700

CURRENT ASSETS

Debtors

6

33,163

19,518

Cash at bank and in hand

72,246

53,757

105,409

73,275

CREDITORS

Amounts falling due within one year

7

269,732

325,228

NET CURRENT LIABILITIES

(164,323

)

(251,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

580,305

591,747

CREDITORS

Amounts falling due after more than one year

8

(282,278

)

(321,750

)

PROVISIONS FOR LIABILITIES

(32,758

)

(32,274

)

NET ASSETS

265,269

237,723

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

265,267

237,721

265,269

237,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 10 October 2025 and were signed on its behalf by:

R G Wood - Director

1.	STATUTORY INFORMATION

Hinton Skydiving Centre 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Property

-

10% on reducing balance

Improvements to property

-

15% on reducing balance and 10% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Aircraft

-

10% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

Property

property

machinery

£

£

£

COST

At 1 April 2024

538,970

335,618

217,435

Additions

-

-

-

At 31 March 2025

538,970

335,618

217,435

DEPRECIATION

At 1 April 2024

289,215

199,011

188,031

Charge for year

24,976

20,491

5,881

At 31 March 2025

314,191

219,502

193,912

NET BOOK VALUE

At 31 March 2025

224,779

116,116

23,523

At 31 March 2024

249,755

136,607

29,404

Fixtures

and

Motor

fittings

vehicles

Aircraft

Totals

£

£

£

£

COST

At 1 April 2024

146,691

31,098

1,500,800

2,770,612

Additions

-

-

2,287

2,287

At 31 March 2025

146,691

31,098

1,503,087

2,772,899

DEPRECIATION

At 1 April 2024

125,821

24,922

1,099,912

1,926,912

Charge for year

3,130

1,544

45,337

101,359

At 31 March 2025

128,951

26,466

1,145,249

2,028,271

NET BOOK VALUE

At 31 March 2025

17,740

4,632

357,838

744,628

At 31 March 2024

20,870

6,176

400,888

843,700

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,223

7,375

Other debtors

1,500

2,780

Prepayments and accrued income

8,440

9,363

33,163

19,518

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

103,456

94,626

Wages & salaries control

-

6,272

Trade creditors

17,797

14,366

VAT

3,449

2,493

Other creditors

20,982

172,533

Directors' current accounts

119,248

30,138

Accruals and deferred income

4,800

4,800

269,732

325,228

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

282,278

321,750

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

282,278

321,750

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Browne and R Wood.