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Registration number: 15412450

Flashpoint Climbing Group Limited
Unaudited Filleted Financial Statements
for the Period from 15 January 2024 to 31 March 2025

Flashpoint Climbing Group Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Flashpoint Climbing Group Limited

Company Information

Directors | T O Gape N Whitcomb J A Griffiths

Registered office | 40 Winterstoke Road Bristol BS3 2NW

Accountants | CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Flashpoint Climbing Group Limited

(Registration number: 15412450)
Balance Sheet as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 3,680
Investments | 5 | 12,003
|  | 15,683
Current assets |  |
Debtors | 6 | 5,885,679
Cash at bank and in hand |  | 48,443
|  | 5,934,122
Creditors: Amounts falling due within one year | 7 | (77,801)
Net current assets |  | 5,856,321
Total assets less current liabilities |  | 5,872,004
Creditors: Amounts falling due after more than one year | 7 | (3,887,475)
Net assets |  | 1,984,529
Capital and reserves |  |
Called up share capital | 8 | 22,250
Share premium reserve |  | 2,039,750
Retained earnings |  | (77,471)
Shareholders' funds |  | 1,984,529

For the financial period 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 period 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.

Flashpoint Climbing Group Limited

(Registration number: 15412450)
Balance Sheet as at 31 March 2025

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 20 November 2025 and signed on its behalf by:

T O Gape Director | N Whitcomb Director |

Flashpoint Climbing Group Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2024 to 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:
40 Winterstoke Road
Bristol
BS3 2NW

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Group accounts not prepared

The company and its subsidiary undertakings form a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Disclosure of long or short period

The first period of account runs from incorporation on 15 January 2024 to 31 March 2025.

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.

Flashpoint Climbing Group Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2024 to 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
Equipment | 20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

Flashpoint Climbing Group Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2024 to 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 9.

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 3,782 | 3,782
At 31 March 2025 | 3,782 | 3,782
Depreciation
Charge for the period | 102 | 102
At 31 March 2025 | 102 | 102
Carrying amount
At 31 March 2025 | 3,680 | 3,680

Flashpoint Climbing Group Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2024 to 31 March 2025

5 | Investments

| 2025 £
Investments in subsidiaries | 12,003

Subsidiaries | £
Cost or valuation
Additions | 12,003
At 31 March 2025 | 12,003
Carrying amount
At 31 March 2025 | 12,003

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025
Subsidiary undertakings
Freedog Bristol Limited |  |  | 100%
Freedog Swindon Limited |  |  | 100%
Bristol Rocks Limited |  |  | 100%
Bristol Rocks Tavern Limited |  |  | 100%
FP Cardiff Limited |  |  | 100%
Abertawe Climbing Ltd |  |  | 100%

All subsidiaries are registered at 40 Winterstoke Road, Bristol, BS3 2NW.

6 | Debtors

Current | Note | 2025 £
Amounts owed by related parties | 10 | 5,884,214
Prepayments |  | 1,465
|  | 5,885,679

Flashpoint Climbing Group Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2024 to 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 9 | 4,723
Trade creditors |  | 2,940
Taxation and social security |  | 34,771
Other creditors |  | 35,367
|  | 77,801

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 9 | 3,887,475

Creditors include loans repayable by instalments of £3,828,629 due after more than five years.

8 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
A Ordinary of £1 each | 11,316 | 11,316
B Ordinary of £1 each | 9,734 | 9,734
C Ordinary of £1 each | 1,200 | 1,200
| 22,250 | 22,250

Flashpoint Climbing Group Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2024 to 31 March 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Other borrowings | 3,887,475

Current loans and borrowings

| 2025 £
Other borrowings | 4,723

10 | Related party transactions

At 31 March 2025 there were balances totalling £3,822,596 owed to related parties, being directors, their close family members and companies under their control, which are included in creditors.