Stafford Showground Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—5

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Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: 03078132

		2025		2024 as restated
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	125,929		161,925
Cash at bank and in hand		98,319		19,623

		224,248		181,548
Creditors: Amounts Falling Due Within One Year	5	(163,438 )		(200,206 )

NET CURRENT ASSETS (LIABILITIES)			60,810		(18,658 )

TOTAL ASSETS LESS CURRENT LIABILITIES			60,810		(18,658 )

NET ASSETS/(LIABILITIES)			60,810		(18,658 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			60,808		(18,660 )

SHAREHOLDERS' FUNDS			60,810		(18,658)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

S Cartmail

Director

13 November 2025

The notes on pages 3 to 5 form part of these financial statements.

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Stafford Showground Limited

Notes to the Financial Statements

For The Year Ended 31 July 2025

Notes to the Financial Statements

1. General Information

Stafford Showground Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03078132 . The registered office is County Showground, Weston Road, Stafford, ST18 0BD.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis as the directors believe that no material uncertainties exist. The directors have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the company to be able to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from rents received and commissions is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised and are recoverable.

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

2.5. Financial Instruments

The company holds financial instruments as defined by IFRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets

- Trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost.

- Prepayments are not financial instruments.

- Cash at bank is classified as a financial instrument and is measured at face value.

Financial liabilities

- Trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost.

- Taxation and social security are not included in the financial instruments disclosure definition.

- Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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Stafford Showground Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.7. Employee Benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2.8. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.9. Gift aid

In accordance with the revised "Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland", gift aid payments to the parent company are accounted for when paid and are treated as a distribution and have been deducted directly from reserves.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 11)

4. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	80,312	81,570
Prepayments and accrued income	18,165	59,934
Amounts owed by group undertakings	27,452	20,421

	125,929	161,925

5. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	52,943	69,948
Other taxes and social security	-	10,436
VAT	37,226	18,902
Other creditors	-	1,092
Accruals and deferred income	73,269	99,828

	163,438	200,206

6. Secured Creditors

Any potential future liabilities with the company's bankers are secured by way of a mortgage debenture over the company's assets.

7. Share Capital

	2025	2024 as restated
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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Stafford Showground Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Other Commitments

The company operates the showground under a licence granted from the parent company. The annual charge of £80,000 (2024 - £80,000) will terminate on 15 December 2025.

Other financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £58,403 (2024 £41,309).

9. Related Party Disclosures

Stafford Showground Limited has provided a limited guarantee for £550,000 (2024 - £550,000), in aggregate, in favour of its parent company, Staffordshire & Birmingham Agricultural Society, supported by a mortgage debenture over the assets of Stafford Showground Limited.

During the year, the company paid Staffordshire & Birmingham Agricultural Society £80,000 (2024 - £80,000) in respect of a license fee and received £8,000 (2024 - £8,000) in respect of management charges. All transactions were on normal commercial terms in the ordinary course of business.

The company paid a donation under gift aid of £41,071 (2024 - £32,006) to Staffordshire & Birmingham Agricultural Society.

As of 31 July 2025, Staffordshire & Birmingham Agricultural Society owed £27,452 (2024 - £20,421) to Stafford Showground Limited.

Included in trade creditors at the balance sheet was a balance of £nil (2024 - £24,000) due to Staffordshire & Birmingham Agricultural Society.

10. Controlling Parties

The parent company of Stafford Showground Limited is Staffordshire and Birmingham Agricultural Society and its registered office is The County Showground, Weston Road, Stafford, ST18 0BD.

11. Restated comparatives

During the year, the company identified that income relating to services not yet performed at the balance sheet date had been incorrectly recognised as turnover in the prior year. This has been corrected by recognising deferred income within creditors and reducing turnover accordingly.

The comparative figures have been restated to reflect this adjustment. The effect on the prior year’s financial statements is summarised below:

	As previously reported £	Adjustment £	As restated £
Turnover	1,456,869	(59,731)	1,397,138
Profit before taxation	41,071	(59,731)	(18,660)
Creditors: amounts falling due within one year	140,475	59,731	200,206
Net assets	41,073	(59,731)	(18,658)

12. Audit Information

The auditor's report on the accounts of Stafford Showground Limited for the year ended 31 July 2025 was unqualified.

The auditor's report was signed by Jeremy Hodgkiss (Senior Statutory Auditor) for and on behalf of Deans Accountants , Statutory Auditor.

Deans Accountants

Deans

Gibson House, Hurricane Court

Stafford

Staffordshire

ST16 1GZ

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Directors	S Cartmail
	D V Rushton
	T J Packwood
	S W Clarke
	D W Lane
	J M Edwards
	D T Boden
	H M Woodward
	M R Madders

Secretary	R C Williams

Company Number	03078132

Registered Office	County Showground
	Weston Road
	Stafford
	ST18 0BD

Accountants	Deans
	Chartered Accountants
	Gibson House Hurricane Close
	Stafford
	Staffordshire
	ST16 1GZ

Auditors	Deans
	Gibson House, Hurricane Court
	Stafford
	Staffordshire
	ST16 1GZ