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Registration number: 10377759

Haywood Airfield Leisure Enterprise Limited
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Haywood Airfield Leisure Enterprise Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Haywood Airfield Leisure Enterprise Limited

(Registration number: 10377759)
Statement of Financial Position as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,369 | 2,910
Other financial assets | 5 | 25,000 | 25,000
|  | 27,369 | 27,910
Current assets |  |  |
Debtors | 6 | 2,135 | 1,729
Cash at bank and in hand |  | 141,520 | 122,252
|  | 143,655 | 123,981
Creditors: Amounts falling due within one year | 7 | (53,732) | (48,666)
Net current assets |  | 89,923 | 75,315
Net assets |  | 117,292 | 103,225
Reserves |  |  |
Profit and loss account |  | 117,292 | 103,225
Surplus |  | 117,292 | 103,225

For the financial year ending 30 September 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 year 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.

These financial statements have been prepared and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 6 April 2026 and signed on its behalf by:

......................................... E Amos Director
......................................... V Lindsay Director

Haywood Airfield Leisure Enterprise Limited

(Registration number: 10377759)
Statement of Financial Position as at 30 September 2025 (continued)

......................................... D Robson Director

Haywood Airfield Leisure Enterprise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Tallford House
38 Walliscote Road
Weston-super-Mare
Somerset
BS23 1LP

Principal activity

The principal activity of the company is providing access to and managing affordable sports and meeting room facilities as a social enterprise.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Haywood Airfield Leisure Enterprise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Fixtures and fittings | 15% reducing balance

Impairment

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.

Haywood Airfield Leisure Enterprise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Haywood Airfield Leisure Enterprise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 October 2024 | 7,371 | 7,371
Disposals | (256) | (256)
At 30 September 2025 | 7,115 | 7,115
Depreciation
At 1 October 2024 | 4,461 | 4,461
Charge for the year | 418 | 418
Eliminated on disposal | (133) | (133)
At 30 September 2025 | 4,746 | 4,746
Carrying amount
At 30 September 2025 | 2,369 | 2,369
At 30 September 2024 | 2,910 | 2,910

5 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
Additions | 25,000 | 25,000
At 30 September 2025 | 25,000 | 25,000
Impairment
Carrying amount
At 30 September 2025 | 25,000 | 25,000

Haywood Airfield Leisure Enterprise Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,059 | 1,654
Prepayments | 76 | 75
| 2,135 | 1,729

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 3,416 | 3,482
Accruals and deferred income | 50,316 | 45,184
| 53,732 | 48,666

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Government grants

The amounts recognised in the financial statements for government grants are as follows:

| 2025 £ | 2024 £
Recognised in creditors: |  |
Deferred government grants due within one year | 44,615 | 40,222
Recognised in other operating income: |  |
Government grants recognised directly in income | 1,614 | 113