Lord Corrigan Promotions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00976891 (England and Wales)

Lord Corrigan Promotions Limited

Unaudited Financial Statements

For The Year Ended 28 February 2025

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J L Corrigan

Mrs V L Corrigan

REGISTERED OFFICE:

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

REGISTERED NUMBER:

00976891 (England and Wales)

ACCOUNTANTS:

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

BANKERS:

Yorkshire Bank plc

24 Huntriss Row

Scarborough

North Yorkshire

YO11 2EG

SOLICITORS:

Lupton Fawcett LLP

2 The Embankment

Sovereign Street

Leeds

LS1 4BA

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 Lord Corrigan Promotions Limited for the year ended 28 February 2025 which comprise the Income Statement, Abridged 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 Lord Corrigan Promotions Limited, as a body, in accordance with the terms of our engagement letter dated 18 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Lord Corrigan Promotions Limited and state those matters that we have agreed to state to the Board of Directors of Lord Corrigan Promotions 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 Lord Corrigan Promotions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lord Corrigan Promotions 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 profit of Lord Corrigan Promotions Limited. You consider that Lord Corrigan Promotions 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 Lord Corrigan Promotions 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.

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

14 October 2025

FIXED ASSETS

Tangible assets

4

340,434

384,271

CURRENT ASSETS

Stocks

49,419

47,804

Debtors

113,273

138,321

Cash at bank and in hand

676,035

447,606

838,727

633,731

CREDITORS

Amounts falling due within one year

498,655

426,300

NET CURRENT ASSETS

340,072

207,431

TOTAL ASSETS LESS CURRENT
LIABILITIES

680,506

591,702

PROVISIONS FOR LIABILITIES

(60,758

)

(70,581

)

ACCRUALS AND DEFERRED INCOME

(588

)

(672

)

NET ASSETS

619,160

520,449

CAPITAL AND RESERVES

Called up share capital

20,000

Retained earnings

599,160

500,449

SHAREHOLDERS' FUNDS

619,160

520,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 October 2025 and were signed on its behalf by:

J L Corrigan - Director

1.	STATUTORY INFORMATION

Lord Corrigan Promotions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net takings from amusement activities, excluding value added tax and machine games duty.

Tangible fixed assets

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

Property Improvements

-

Straight line over 25 years

Machines and Rides

-

25% on reducing balance

Other Equipment

-

10% on cost

Office Equipment

-

10% on cost

Motor vehicles

-

25% on reducing balance

No depreciation is provided until a tangible fixed asset is brought ino use.

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.

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 40 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

1,337,798

Additions

30,211

Disposals

(22,500

)

At 28 February 2025

1,345,509

DEPRECIATION

At 1 March 2024

953,527

Charge for year

65,603

Eliminated on disposal

(14,055

)

At 28 February 2025

1,005,075

NET BOOK VALUE

At 28 February 2025

340,434

At 29 February 2024

384,271

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

J L Corrigan

Balance outstanding at start of year

-

37,651

Amounts advanced

8,748

14,978

Amounts repaid

(8,748

)

(52,629

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

6.	RELATED PARTY DISCLOSURES

The following balances were due to/(from) the Directors:

2025

2024

£

J L Corrigan

8,325

6,918

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Jimmy Corrigan's Limited.

The ultimate controlling party is J L Corrigan.