SKATE SOUTH DEVON CIC

Company limited by guarantee

Company Registration Number:
13513393 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2025

Period of accounts

Start date: 1 August 2024

End date: 31 July 2025

SKATE SOUTH DEVON CIC

Contents of the Financial Statements

for the Period Ended 31 July 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SKATE SOUTH DEVON CIC

Directors' report period ended 31 July 2025

The directors present their report with the financial statements of the company for the period ended 31 July 2025

Principal activities of the company

The principal activity of Skate South Devon CIC (SSD) is as a community development organisation with the objective to strengthen our community through skateboarding. SSD is a not-for-profit place-making, sports development and alternative education organisation with deep local connections. During the reporting year 1 August 2024 to 31 July 2025 we have continued to focus on: [1] improving and coordinating skateboarding provision in Ivybridge and South Devon [2] raising the profile of skateboarding as a positive, healthy and creative activity that can contribute to our towns' social, cultural and economic development [3] improving the perceptions of skateboarding amongst the community and with key decision-makers [4] having positive impacts within the local community. Since our incorporation in 2021 our objectives have been but not limited to: act as the representative member and look after the best interests of skateboarders in, but not limited to, Ivybridge and South Devon. Establish Ivybridge and South Devon as a destination place and space for skateboarding in England including through the development and delivery of a Town and District / County strategy. Co-ordinate and develop facilities, amenities, public realm and spots for skateboarding, raise awareness of and fundraise for the upkeep of existing free-to-use public skateparks and for the provision of new free-to-use (or lowest cost) indoor skateboarding facilities. Work collaboratively with public, private and voluntary community sector organisations to improve the public perception of skateboarding and its cultural identity. Provide opportunities for people to access education, training and development programmes that enable them to improve their conditions of life, learn new skills and relieve unemployment. Provide opportunities for young people and adults to access, participate and deliver education, training and development programmes that enable them to learn new skills and relieve unemployment. Run open skateboarding events, leading to wider participation. Do all such things as shall be thought fit to further the interests of the CIC or to be incidental or conducive to the attainment of all or any of the above objectives. Specific impacts for the period 1 August 2024 to 31 July 2025: This year the company has focused primarily on advancing the Filham Skatepark and Community Hub project in Ivybridge - the most significant development in SSD's history to date. Building on the £200,000 section 106 funding commitment secured from South Hams District Council in the previous reporting period, SSD has worked through the technical and planning requirements necessary to progress the project toward construction. This has included commissioning architects, water drainage engineers and ecological experts to address the site-specific requirements at Filham Park, funded in part through direct financial support from Ivybridge Town Council, who own the land on which the skatepark will be built. The project has attracted formal written letters of support from British Cycling and SkateboardGB, two national governing bodies for the sport, further demonstrating the significance of the Filham facility beyond the local area and strengthening SSD's position within the planning and funding process. SSD has maintained active engagement with Ivybridge Town Council, South Hams District Council and Devon County Council throughout the year, alongside continued community engagement.



Directors

The directors shown below have held office during the whole of the period from
1 August 2024 to 31 July 2025

Nicholas Harris
 Benjamin Bristowe
 Alastair Yarnold
 Timothy Poate

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 April 2026

And signed on behalf of the board by:
Name: Nicholas Harris
Status: Director

SKATE SOUTH DEVON CIC

Profit And Loss Account

for the Period Ended 31 July 2025

2025 2024


£
£
Turnover: 1,573
Cost of sales: ( 42 ) 0
Gross profit(or loss): (42) 1,573
Administrative expenses: ( 380 ) ( 1,566 )
Operating profit(or loss): (422) 7
Profit(or loss) before tax: (422) 7
Tax: 0 ( 2 )
Profit(or loss) for the financial year: (422) 5

SKATE SOUTH DEVON CIC

Balance sheet

As at 31 July 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 60 60
Cash at bank and in hand: 1,332 1,809
Total current assets: 1,392 1,869
Net current assets (liabilities): 1,392 1,869
Total assets less current liabilities: 1,392 1,869
Provision for liabilities: 0 ( 17 )
Accruals and deferred income: ( 1,500 ) ( 1,500 )
Total net assets (liabilities): (108) 352
Members' funds
Profit and loss account: (108) 352
Total members' funds: ( 108) 352

The notes form part of these financial statements

SKATE SOUTH DEVON CIC

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 28 April 2026
and signed on behalf of the board by:

Name: Nicholas Harris
Status: Director

The notes form part of these financial statements

SKATE SOUTH DEVON CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 and after eliminating sales within the company. 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.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairmentlosses. 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, asfollows: Asset class: Equipment Depreciation method and rate: 33.33% straight line

    Valuation information and policy

    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.

    Other accounting policies

    Going concern: The financial statements have been prepared on a going-concern basis. 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. Cash and cash equivalents: Cash comprises cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. Trade debtors: Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors: Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SKATE SOUTH DEVON CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

SKATE SOUTH DEVON CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Debtors

2025 2024
£ £
Trade debtors 60 60
Total 60 60

COMMUNITY INTEREST ANNUAL REPORT

SKATE SOUTH DEVON CIC

Company Number: 13513393 (England and Wales)

Year Ending: 31 July 2025

Company activities and impact

Filham Skatepark and Community Hub - project advancement SSD has continued to progress the Filham Skatepark and Community Hub project, which represents one of the most significant capital investment in skateboarding infrastructure in South Devon to date. The £200,000 secured through a section 106 agreement with South Hams District Council remains committed to the creation of a new purpose-built outdoor concrete skatepark at Filham Park, Ivybridge. During this reporting period, the company's efforts have focused on navigating the very difficult technical and planning requirements necessary to move the project toward construction. This has included engagement with the planning process, site-specific technical assessments, and working collaboratively with South Hams District Council and other relevant stakeholders to satisfy the conditions required to unlock the committed funding. The Filham project, once built, will deliver lasting community benefit by providing: A permanent, free-to-use outdoor concrete skatepark accessible to skateboarders of all ages and abilities across Ivybridge and the wider South Devon area A facility that addresses a long-standing gap in provision, reducing the need for local young people to travel to access quality skateboarding infrastructure A public space that supports physical activity, social connection and the wellbeing of young people, particularly those who may not engage with traditional organised sport A focal point for community events, skate jams and grassroots development activity that SSD and the wider community can build around for years to come The scale of community support evidenced throughout the development of this project - through petition signatures, letters of support, attendance at events etc has demonstrated clearly that the need for this facility is both real and widely felt. SSD directors remain committed to seeing the project through to completion and will continue to prioritise its delivery in the coming year.

Consultation with stakeholders

Throughout this reporting period, SSD has undertaken extensive consultation with a range of public sector stakeholders, national governing bodies and technical specialists as part of the process of advancing the Filham Skatepark and Community Hub project toward planning approval and construction. The primary institutional relationship throughout this period has been with Ivybridge Town Council, who own the land at Filham Park on which the skatepark will be built. As landowner, ITC's engagement has been central to every aspect of the project's progression, from technical planning requirements through to the formal planning process itself. Significantly, ITC have also provided direct financial support to fund the planning work, enabling SSD to commission the architects, drainage engineers and ecological experts whose assessments are required to satisfy planning conditions. This combination of land ownership, financial support and institutional backing from ITC represents a strong and foundational partnership that underpins the entire project. SSD has also maintained its working relationship with South Hams District Council, through whom the original section 106 funding commitment of £200,000 was secured, ensuring continued alignment with the conditions attached to that award. The project has attracted formal written support from two national governing bodies for the sport. British Cycling and SkateboardGB both provided direct letters of support, lending considerable credibility to the case for the Filham facility and underlining its relevance not just to the local community but to the broader development of skateboarding as a nationally recognised Olympic sport. The endorsement of these organisations has strengthened SSD's position significantly within the planning and funding process. Community and public engagement has continued through SSD's social media presence, keeping local residents, supporters and the wider skateboarding community informed of progress. Letters and emails of support received from individuals and organisations have further evidenced the depth of community backing for the project and have formed part of the evidence base submitted through the planning process. Taken together, this programme of consultation - spanning the landowner, local and county government, national governing bodies, specialist contractors and the wider community - reflects SSD's commitment to working transparently and collaboratively with all relevant parties to deliver a facility that meets the needs of the community and satisfies the requirements of the planning and funding framework.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 April 2026

And signed on behalf of the board by:
Name: Nicholas Harris
Status: Director