REGISTERED NUMBER: 03817394 (England and Wales)

Snowdome 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:

03817394 (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 principal activity of the company during the year continued to be the operation of an indoor real snow, sport and leisure facility.

REVIEW OF BUSINESS

The years trade presented very well, in respect of our snow sports activities which are primarily fuelled by winter sports enthusiasts who continue to be able to book winter holidays with complete confidence, and also in respect of our more impulse purchase 'fun activities' which makes us believe our customers continue to look on us favourable for a great family day out.

Overall, the board are able to report the company has traded through the year successfully and continues to meet requirements for steady growth, continued re-investment and long-term sustainability.

PRINCIPAL RISKS AND UNCERTAINTIES

The Company trades in diverse sectors of the economy e.g. winter sports associated with winter vacation and impulse indoor leisure trades such as ice skating that is popular at short notice and easy to commit to (i.e. low ticket price).

The continuation of the Board's planned investment in the Company's activities will only serve to build on the current strength of the business and help mitigate against the threat of both the current and the future wider economic conditions, which they consider to be the principal risk facing the Company.

The Board look forward therefore to continued steady trading results going forwards.

FINANCIAL KEY PERFORMANCE INDICATORS

During the year, the Company's turnover was £11,040,341 (2024 - £10,770,831). Operating profit meanwhile was £1,893,270 (2004 - £2,001,656). The directors consider these to be the Company's key performance indicators.

At the year end, the Company had net assets of £6,080,527 (2024 - £14,071,183) and has sufficient headroom in its agreed facilities to support the Company's future trading needs and growth plans. The Board therefore believe the Company's financial position to be entirely satisfactory.

FINANCIAL INSTRUMENTS

The Company makes use of financial instruments principally through the operation of bank accounts, bank loans and hire purchase contracts. The directors' objectives are to retain sufficient liquid funds to enable the Company to meet its day to day obligations as they fall due.

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 the operation of an indoor real snow, sport and leisure facility.

DIVIDENDS

The total dividends proposed for the year ended 30 September 2025 amounted to £9,544,186 (2024 - £572,082).

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, 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 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:

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

3

11,040,341

10,770,831

Cost of sales

988,234

948,980

GROSS PROFIT

10,052,107

9,821,851

Administrative expenses

8,158,833

7,820,195

OPERATING PROFIT

6

1,893,274

2,001,656

Interest receivable and similar income

10,666

28,608

1,903,940

2,030,264

Interest payable and similar expenses

7

452

1,505

PROFIT BEFORE TAXATION

1,903,488

2,028,759

Tax on profit

8

349,958

543,942

PROFIT FOR THE FINANCIAL YEAR

1,553,530

1,484,817

PROFIT FOR THE YEAR

1,553,530

1,484,817

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,553,530

1,484,817

FIXED ASSETS

Tangible assets

10

661,922

835,955

CURRENT ASSETS

Stocks

11

29,852

30,945

Debtors

12

6,255,327

20,093,389

Cash at bank and in hand

857,299

1,031,168

7,142,478

21,155,502

CREDITORS

Amounts falling due within one year

13

1,662,023

7,800,019

NET CURRENT ASSETS

5,480,455

13,355,483

TOTAL ASSETS LESS CURRENT LIABILITIES

6,142,377

14,191,438

CREDITORS

Amounts falling due after more than one year

14

-

(29,493

)

PROVISIONS FOR LIABILITIES

17

(61,850

)

(90,762

)

NET ASSETS

6,080,527

14,071,183

CAPITAL AND RESERVES

Called up share capital

18

1

1

Retained earnings

19

6,080,526

14,071,182

SHAREHOLDERS' FUNDS

6,080,527

14,071,183

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

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

1

13,158,447

13,158,448

Changes in equity

Dividends

-

(572,082

)

(572,082

)

Total comprehensive income

-

1,484,817

1,484,817

Balance at 30 September 2024

1

14,071,182

14,071,183

Changes in equity

Dividends

-

(9,544,186

)

(9,544,186

)

Total comprehensive income

-

1,553,530

1,553,530

Balance at 30 September 2025

1

6,080,526

6,080,527

1.	STATUTORY INFORMATION

Snowdome 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 requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has passed the significant risks and rewards of ownership to the buyer;

- the amount of turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided. Income relating to bookings and membership received in advance of the provision of the service is deferred and recognised in the period in which the service is provided.

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.

Plant and machinery - 10-33% straight line

Fixtures and fittings - 20-33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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

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.

TURNOVER

Turnover is wholly attributable to the principal activity of the company.

All turnover arose within the United Kingdom.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,016,145

2,802,556

Social security costs

209,956

183,388

Other pension costs

41,816

40,090

3,267,917

3,026,034

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

2025

2024

Service

197

189

Admin

3

6

Management

5

14

205

209

5.	DIRECTORS' EMOLUMENTS

During the year no director received any emoluments (2024 - £nil). The directors are also directors of Snowdome Incorporated Limited. Their remuneration for services to the group are disclosed in the financial statements of that company.

6.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

25,929

20,514

Depreciation - owned assets

310,479

471,181

Profit on disposal of fixed assets

(17,232

)

(4,000

)

Auditors' remuneration

14,496

14,496

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Hire purchase

452

1,505

8.

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

378,870

572,819

Corporation tax prior year

-

(38,038

)

Total current tax

378,870

534,781

Deferred tax

(28,912

)

9,161

Tax on profit

349,958

543,942

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

1,903,488

2,028,759

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

475,872

507,190

Effects of:

Expenses not deductible for tax purposes

(1,070

)

30,642

Depreciation in excess of capital allowances

6,503

44,148

Adjustments to tax charge in respect of previous periods

-

(38,038

)

Group relieved losses

(131,347

)

-

provision

Total tax charge

349,958

543,942

9.

DIVIDENDS

2025

2024

£

£

Ordinary share of £1

Interim

9,544,186

572,082

10.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

2,834,628

4,364,224

68,035

7,266,887

Additions

47,992

88,454

-

136,446

Disposals

-

-

(37,040

)

(37,040

)

At 30 September 2025

2,882,620

4,452,678

30,995

7,366,293

DEPRECIATION

At 1 October 2024

2,772,654

3,593,330

64,948

6,430,932

Charge for year

40,184

267,208

3,087

310,479

Eliminated on disposal

-

-

(37,040

)

(37,040

)

At 30 September 2025

2,812,838

3,860,538

30,995

6,704,371

NET BOOK VALUE

At 30 September 2025

69,782

592,140

-

661,922

At 30 September 2024

61,974

770,894

3,087

835,955

11.

STOCKS

2025

2024

£

£

Goods for resale

29,852

30,945

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

169,723

119,258

Amounts owed by group undertakings

5,724,051

19,742,013

Other debtors

13,963

35,419

Prepayments

347,590

196,699

6,255,327

20,093,389

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 15)

-

4,117

Trade creditors

419,256

338,201

Amounts owed to group undertakings

-

5,766,208

Tax

(35,312

)

343,107

Social security and other taxes

58,245

43,964

VAT

163,093

230,357

Other creditors

69

(1,497

)

Wages control

61,501

57,736

Accruals and deferred income

995,171

1,017,826

1,662,023

7,800,019

14.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 15)

-

29,493

15.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

-

5,923

Between one and five years

-

42,437

-

48,360

Finance charges repayable:

Within one year

-

1,806

Between one and five years

-

12,944

-

14,750

Net obligations repayable:

Within one year

-

4,117

Between one and five years

-

29,493

-

33,610