Snowdome Group Limited - Limited company accounts 25.1

REGISTERED NUMBER: 05672413 (England and Wales)

Snowdome Group Limited

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 September 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

T C Carter

Miss I A C Chadbourne

J S Smith

REGISTERED OFFICE:

Leisure Island

River Drive

Tamworth

Staffordshire

B79 7ND

REGISTERED NUMBER:

05672413 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

The directors present their strategic report for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The Company acts as an intermediate holding company within the Group and derives its income primarily from the ownership and management of property assets. During the year, the Company generated rental income, management service fees, parking income, and commission from retail concession activities operated from its premises.

ACCOUNTS

The company is a wholly owned subsidiary of Snowdome Corporation Limited. The ultimate parent company is Snowdome Incorporated Limited, which has produced consolidated financial statements and therefore in accordance with Section 400 of the Companies Act 2006, the company is not required to produce, and has not produced, consolidated financial statements. These financial statements present information about the company, and not the group headed by Snowdome Group Limited.

REVIEW OF BUSINESS

The Company recorded a profit before tax on these activities of £814,432 for the year (2024: £677,293).

Performance in the year was driven by stable rental income streams and continued activity across ancillary income sources, including parking operations and concession arrangements.

The Directors consider the results for the year to be in line with expectations, reflecting the Company’s role in holding and managing Group assets and generating steady income from property-related activities.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have assessed the main risks facing the company as any adverse market or financial condition facing its subsidiary undertakings. These are disclosed in the financial statements of these companies.

ON BEHALF OF THE BOARD:

J S Smith - Director

17 April 2026

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an interim Group company which collects rents and income relating to the provision of management services.

DIVIDENDS

Details of dividends declared are disclosed in the notes to the financial statements.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

T C Carter

Miss I A C Chadbourne

J S Smith

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, TC Group, were appointed during the year and will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J S Smith - Director

17 April 2026

Opinion

We have audited the financial statements of Snowdome Group Limited (the 'company') for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- we identified areas of laws and regulations that could reasonably be expected to have a material effect on the

financial statements from our general commercial and sector experience, and through discussion with the directors

and other management (as required by auditing standards), and discussed with the directors and other

management the policies and procedures regarding compliance with laws and regulations;

- we considered the legal and regulatory frameworks directly applicable to the financial statements reporting

framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- we considered the nature of the industry, the control environment and business performance, including the key

drivers for management’s remuneration;

- we communicated identified laws and regulations throughout our team and remained alert to any indications of

non-compliance throughout the audit, also all areas where fraud might occur in the financial statements and how;

- we considered the procedures and controls that the company has established to address risks identified, or that

otherwise prevent, deter and detect fraud; and how senior management monitors these programmes and controls;

- we considered how the directors and management respond to risks of fraud and whether they have knowledge of

any actual, suspected or alleged fraud;

- we performed detailed analytical procedures to identify and unusual or unexpected relationships that may indicate

risks of material misstatement due to fraud;

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Butler BA FCA (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditor

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

17 April 2026

TURNOVER

200,000

Administrative expenses

458,932

575,846

(258,932

)

(375,846

)

Other operating income

1,073,364

1,042,518

OPERATING PROFIT

4

814,432

666,672

Income from shares in group undertakings

10,185,950

888,038

Interest receivable and similar income

-

11,516

10,185,950

899,554

11,000,382

1,566,226

Interest payable and similar expenses

5

-

895

PROFIT BEFORE TAXATION

11,000,382

1,565,331

Tax on profit

6

263,752

150,870

PROFIT FOR THE FINANCIAL YEAR

10,736,630

1,414,461

PROFIT FOR THE YEAR

10,736,630

1,414,461

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

10,736,630

1,414,461

FIXED ASSETS

Intangible assets

8

-

Tangible assets

9

9,236,631

9,568,594

Investments

10

-

9,236,631

9,568,594

CURRENT ASSETS

Debtors

11

27,146

13,220,726

CREDITORS

Amounts falling due within one year

12

-

22,762,173

NET CURRENT ASSETS/(LIABILITIES)

27,146

(9,541,447

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,263,777

27,147

CAPITAL AND RESERVES

Called up share capital

13

11,448

Share premium

14

14,238

Capital redemption reserve

14

1,460

Retained earnings

14

9,236,631

1

SHAREHOLDERS' FUNDS

9,263,777

27,147

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

J S Smith - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

Balance at 1 October 2023

11,448

-

14,238

1,460

27,146

Changes in equity

Dividends

-

(1,414,460

)

-

(1,414,460

)

Total comprehensive income

-

1,414,461

-

1,414,461

Balance at 30 September 2024

11,448

1

14,238

1,460

27,147

Changes in equity

Dividends

-

(1,500,000

)

-

(1,500,000

)

Total comprehensive income

-

10,736,630

-

10,736,630

Balance at 30 September 2025

11,448

9,236,631

14,238

1,460

9,263,777

1.	STATUTORY INFORMATION

Snowdome Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future. Forecasts and cash flow projections indicate the company has sufficient reserves to continue to trade for a period of no less than 12 months from the date of signing these accounts.The directors believe that careful cashflow considerations is sufficient upon which to adopt the going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about Snowdome Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Snowdome Corporation Limited, Leisure Island, River Drive, Tamworth, Staffordshire, B79 7ND.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, which ever is the shorter.

Freehold property - 2% straight line

Plant and machinery - 5-33% straight line

Fixtures and fittings - 20-33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

Wages and salaries

-

24,000

Social security costs

-

1,252

Other pension costs

-

30,000

-

55,252

The average number of employees during the year was as follows:

2025

2024

-

3

2025

2024

£

Directors' remuneration

-

24,000

Directors' pension contributions to money purchase schemes

-

30,000

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

Depreciation - owned assets

340,210

330,280

Profit on disposal of fixed assets

(94,517

)

(11,693

)

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

Hire purchase

-

895

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

Current tax:

UK corporation tax

263,752

175,332

Corporation tax prior year

-

(24,462

)

Tax on profit

263,752

150,870

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

Profit before tax

11,000,382

1,565,331

Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

2,750,096

391,333

Effects of:

Expenses not deductible for tax purposes

-

(1,637

)

Income not taxable for tax purposes

(2,546,488

)

(222,010

)

Depreciation in excess of capital allowances

60,144

7,646

Adjustments to tax charge in respect of previous periods

-

(24,462

)

Total tax charge

263,752

150,870

7.

DIVIDENDS

2025

2024

£

A Ordinary shares of £1 each

Final

-

25,000

C Ordinary shares of £1 each

Final

1,500,000

1,389,460

1,500,000

1,414,460

8.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 October 2024

25,000

Intragroup transfer

(25,000

)

At 30 September 2025

-

AMORTISATION

At 1 October 2024

25,000

Intragroup transfer

(25,000

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 October 2024

12,973,379

1,732,435

99,010

14,804,824

Additions

-

94,517

-

94,517

Intragroup transfer

-

(1,826,952

)

(99,010

)

(1,925,962

)

At 30 September 2025

12,973,379

-

12,973,379

DEPRECIATION

At 1 October 2024

3,415,535

1,732,435

88,260

5,236,230

Charge for year

321,213

14,999

3,998

340,210

Intragroup transfer

-

(1,747,434

)

(92,258

)

(1,839,692

)

At 30 September 2025

3,736,748

-

3,736,748

NET BOOK VALUE

At 30 September 2025

9,236,631

-

9,236,631

At 30 September 2024

9,557,844

-

10,750

9,568,594

10.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

10,193,498

PROVISIONS

At 1 October 2024

and 30 September 2025

10,193,498

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

27,146

13,213,418

Other debtors

-

4,511

Prepayments

-

2,797

27,146

13,220,726

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

-

22,574,838

Tax

-

90,474

Accruals and deferred income

-

96,861

-

22,762,173

13.	CALLED UP SHARE CAPITAL

2025

2024

£

Allotted, called up and fully paid

5,857 Ordinary A shares of £1 each

5,857

4,301 Ordinary B shares of £1 each

4,301

1,460 Ordinary C shares of £1 each

-

1,290 Ordinary D shares of £1 each

1,290

11,448

A, B and C ordinary shares have full voting rights, rights to receive dividends and capital distribution rights including winding up. These are subject to the order of priority and hurdle as set out in the Articles of Association. A, B and C shares are not redeemable.

D ordinary shares do not have voting rights or an automatic right to receive dividends. They have rights on a capital distribution subject to a hurdle as set out in the Articles of the Association. D ordinary shares are not redeemable.

14.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

At 1 October 2024

1

14,238

1,460

15,699

Profit for the year

10,736,630

Dividends

(1,500,000

)

(1,500,000

)

At 30 September 2025

9,236,631

14,238

1,460

9,252,329

15.	CONTINGENT LIABILITIES

The company is party to a cross guarantee relating to the group's bank borrowings with HSBC. At 30 September 2025, net bank borrowings relating to this guarantee are £5,469,151 (2024: £5,984,658).

The company is a member of a group VAT registration. As at 30 September 2025, the VAT liability due by the group was £163,093 (2024: £230,357).

16.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

17.	POST BALANCE SHEET EVENTS

Shortly after the year-end, a reorganisation plan was implemented to streamline the wider Group’s trading structure.

As a precursor to this, at the year-end, certain intercompany balances were reassigned to the ultimate parent company, Snowdome Incorporated Limited.

Following the year-end, and subsequent to the transfer of trade, the remaining assets of the Company, comprising property and investments in group undertakings, were distributed to the ultimate parent company by way of a distribution in specie. Intercompany loan balances were formally waived, a capital reduction undertaken and a proposal to strike off the Company initiated.

18.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Snowdome Corporation Limited, a company incorporated in England and Wales.

The smallest and largest group in which the results of the company are consolidated is that headed by Snowdome Incorporated Limited, incorporated in England and Wales.

The consolidated financial statements of the ultimate parent undertaking are available from Leisure Island, River Drive, Tamworth, Staffordshire, B79 7ND or from Companies House.