Company registration number 01325476 (England and Wales)
SILVERDALE TOURS (NOTTINGHAM) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
SILVERDALE TOURS (NOTTINGHAM) LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
SILVERDALE TOURS (NOTTINGHAM) LIMITED
BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
-
Tangible assets
3
70,551
160,231
Current assets
Debtors
1,189,345
2,382,820
Cash at bank and in hand
32,588
57,516
1,221,933
2,440,336
Creditors: amounts falling due within one year
(1,478,723)
(2,830,204)
Net current liabilities
(256,790)
(389,868)
Total assets less current liabilities
(186,239)
(229,637)
Provisions for liabilities
(17,222)
(39,615)
Net liabilities
(203,461)
(269,252)
Capital and reserves
Called up share capital
6
1,841,000
1,841,000
Profit and loss reserves
7
(2,044,461)
(2,110,252)
Total equity
(203,461)
(269,252)

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

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

The financial statements were approved by the board of directors and authorised for issue on 19 December 2025 and are signed on its behalf by:
Mr S C R Skill
Director
Company registration number 01325476 (England and Wales)
SILVERDALE TOURS (NOTTINGHAM) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 May 2023
1,841,000
(2,162,401)
(321,401)
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
52,149
52,149
Balance at 30 April 2024
1,841,000
(2,110,252)
(269,252)
Year ended 30 April 2025:
Profit and total comprehensive income for the year
-
65,791
65,791
Balance at 30 April 2025
1,841,000
(2,044,461)
(203,461)
SILVERDALE TOURS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Silverdale Tours (Nottingham) Limited is a private company limited by shares incorporated in England and Wales. The registered office is White House, Wollaton Street, Nottingham, NG1 5GF. . The Company's principal activity is that of a coach operator.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

As at the year end the company’s Balance Sheet shows Net Liabilities of £203,461 (2024 £269,252). Within Creditors falling due within one year are amounts owed to group undertakings of £1,425,667. The fellow group has indicated that it will support the Company by not seeking repayment of these liabilities in the immediate future, and accordingly the accounts have been prepared on a going concern basis.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

SILVERDALE TOURS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over the life of the lease
Fixtures and fittings
Computers 25% straight line / Others 10% straight line
Motor vehicles
Coaches 15% reducing balance / Cars 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

1.5
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SILVERDALE TOURS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0

In the year ended 30 April 202 5 and 30 April 202 4 payroll costs were recharged by other group companies and the employment numbers have been reflected in other group companies.

SILVERDALE TOURS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2024
80,218
214,832
806,000
1,101,050
Disposals
-
0
-
0
(200,000)
(200,000)
At 30 April 2025
80,218
214,832
606,000
901,050
Depreciation and impairment
At 1 May 2024
80,218
186,333
674,268
940,819
Depreciation charged in the year
-
0
10,836
12,844
23,680
Eliminated in respect of disposals
-
0
-
0
(134,000)
(134,000)
At 30 April 2025
80,218
197,169
553,112
830,499
Carrying amount
At 30 April 2025
-
17,663
52,888
70,551
At 30 April 2024
-
0
28,499
131,732
160,231
4
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
17,222
39,615
2025
Movements in the year:
£
Liability at 1 May 2024
39,615
Credit to profit or loss
(22,393)
Liability at 30 April 2025
17,222

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

SILVERDALE TOURS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
5
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
12,019
11,951

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £Nil (202 4: £793) were payable to the fund at the balance sheet date and are included in other creditors.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
508,620
508,620
508,620
508,620
Ordinary B shares of £1 each
502,460
502,460
502,460
502,460
Ordinary C shares of £1 each
502,460
502,460
502,460
502,460
Ordinary D shares of £1 each
2,460
2,460
2,460
2,460
1,516,000
1,516,000
1,516,000
1,516,000
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
325,000
325,000
325,000
325,000
Preference shares classified as equity
325,000
325,000
Total equity share capital
1,841,000
1,841,000

The Ordinary A, B, C and D shares have the following rights:-

To attend and vote at the general meetings, have the right to receive a dividend and the right to a return on capital limited to the subscription price and have the rights to participate in the proceeds of a share sale

7
Reserves
Share premium

This reserve records the amount above the nominal value received for shares sold, less transactions costs.

Profit and loss account

This reserve records retained earnings and accumulated losses.

SILVERDALE TOURS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
8
Audit report information

The auditor's report on the financial statements for the year ended 30 April 202 5 was unqualified. The audit report was signed by Shaun Philpott FCA (Senior Statutory Auditor) on behalf of TAG Assurance Services Ltd.

9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
8,198
84,198
Between two and five years
7,999
16,198
16,197
100,396
10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Other information

The Company has taken advantage of the exemption available within the FRS102 not to disclose details of any transactions between itself and its 100% owned subsidiaries.

At 30 April 202 5 Nil (202 4: £Nil) was owed to a group company that is not 100% owned by the ultimate parent company and at 30 April 202 5 £1,000,000 (202 4: £2,158,778) was owed from a group company that is not 100% owned by the ultimate parent company.

The amounts owed to and from Group undertakings are interest free and repayable on demand.

Management charges of £Nil (202 4: £Nil) were incurred from fellow group companies.

11
Parent company

At the balance sheet date the company was under control of Skills Leisure Limited, a company incorporated in England. Their registered office and principle place of business is Belgrave Business Park, Belgrave Road, Bulwell, Nottingham, NG6 8LY, UK.

The immediate parent is Skills Motor Coaches Limited, a company incorporated in England. The ultimate parent company is Skills Leisure Limited, incorporated in England. Their registered office is White House, Clarendon Street, Nottingham, NG1 5GF. The group accounts of Skills Leisure Limited are freely available by writing to Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

The ultimate controlling party is considered to be S C R Skill and N S A Skill by virtue of their shareholdings in Skill Leisure Limited.

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