REGISTERED NUMBER: 15027440 (England and Wales)

Snowdome Incorporated Limited

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 30 September 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTORS:

Miss I A C Chadbourne

T C Carter

J S Smith

REGISTERED OFFICE:

Leisure Island

River Drive

Tamworth

Staffordshire

B79 7ND

REGISTERED NUMBER:

15027440 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

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

The principal activity of the Company during the year was that of a holding company.

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 group 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 Group 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 are popular at short notice and easy to commit to (i.e. low ticket price) and the members health & fitness business that has annual usage paid through steady monthly direct debits.

The continuation of the Board's planned investment in the Group'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 Group.

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

FINANCIAL KEY PERFORMANCE INDICATORS

During the year, the Group's turnover was £13,086,597 (2024 - £12,715,006). Operating profit meanwhile was £2,514,328 (2024 - £2,608,069). The directors consider these to be the Group's key performance indicators.

At the year end, the Group had net assets of £1,597,650 (2024 - £1,429,161) and has sufficient headroom in its agreed facilities to support the Group's future trading needs and growth plans. The Board therefore believe the Group's financial position to be entirely satisfactory.

FINANCIAL INSTRUMENTS

The Group 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 Group 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 and the group for the year ended 30 September 2025.

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.

Miss I A C Chadbourne

T C Carter

J S Smith

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group'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 Incorporated Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 30 September 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 group's and the parent 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 group or the parent 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

13,086,597

12,715,006

Cost of sales

991,972

953,780

GROSS PROFIT

12,094,625

11,761,226

Administrative expenses

10,262,045

9,866,502

1,832,580

1,894,724

Other operating income

681,752

713,345

OPERATING PROFIT

4

2,514,332

2,608,069

Interest receivable and similar income

10,666

45,119

2,524,998

2,653,188

Interest payable and similar expenses

5

452,863

534,653

PROFIT BEFORE TAXATION

2,072,135

2,118,535

Tax on profit

6

756,078

708,026

PROFIT FOR THE FINANCIAL YEAR

1,316,057

1,410,509

Profit attributable to:

Owners of the parent

1,316,057

1,410,509

PROFIT FOR THE YEAR

1,316,057

1,410,509

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,316,057

1,410,509

Total comprehensive income attributable to:

Owners of the parent

1,316,057

1,410,509

FIXED ASSETS

Intangible assets

9

4,826,734

5,430,076

Tangible assets

10

10,743,721

10,567,061

Investments

11

-

-

15,570,455

15,997,137

CURRENT ASSETS

Stocks

12

35,332

36,106

Debtors

13

622,658

447,471

Cash at bank and in hand

902,675

1,183,113

1,560,665

1,666,690

CREDITORS

Amounts falling due within one year

14

3,711,012

3,373,955

NET CURRENT LIABILITIES

(2,150,347

)

(1,707,265

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,420,108

14,289,872

CREDITORS

Amounts falling due after more than one year

15

(11,659,339

)

(12,747,856

)

PROVISIONS FOR LIABILITIES

19

(163,119

)

(112,855

)

NET ASSETS

1,597,650

1,429,161

CAPITAL AND RESERVES

Called up share capital

20

1,000

1,000

Share premium

21

860,030

860,030

Retained earnings

21

736,620

568,131

SHAREHOLDERS' FUNDS

1,597,650

1,429,161

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

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

86,270

-

Investments

11

10,179,088

10,179,088

10,265,358

10,179,088

CURRENT ASSETS

Debtors

13

8,611,338

5,476,834

Cash at bank

45,375

151,945

8,656,713

5,628,779

CREDITORS

Amounts falling due within one year

14

7,213,094

3,088,503

NET CURRENT ASSETS

1,443,619

2,540,276

TOTAL ASSETS LESS CURRENT LIABILITIES

11,708,977

12,719,364

CREDITORS

Amounts falling due after more than one year

15

(11,659,339

)

(12,718,363

)

PROVISIONS FOR LIABILITIES

19

(21,568

)

-

NET ASSETS

28,070

1,001

CAPITAL AND RESERVES

Called up share capital

20

1,000

1,000

Retained earnings

27,070

1

SHAREHOLDERS' FUNDS

28,070

1,001

Company's profit for the financial year

1,174,637

842,379

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

Share

Total

capital

earnings

premium

equity

£

£

£

£

Changes in equity

Issue of share capital

1,000

-

860,030

861,030

Dividends

-

(842,378

)

-

(842,378

)

Total comprehensive income

-

1,410,509

-

1,410,509

Balance at 30 September 2024

1,000

568,131

860,030

1,429,161

Changes in equity

Dividends

-

(1,147,568

)

-

(1,147,568

)

Total comprehensive income

-

1,316,057

-

1,316,057

Balance at 30 September 2025

1,000

736,620

860,030

1,597,650

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

1,000

-

1,000

Dividends

-

(842,378

)

(842,378

)

Total comprehensive income

-

842,379

842,379

Balance at 30 September 2024

1,000

1

1,001

Changes in equity

Dividends

-

(1,147,568

)

(1,147,568

)

Total comprehensive income

-

1,174,637

1,174,637

Balance at 30 September 2025

1,000

27,070

28,070

Cash flows from operating activities

Cash generated from operations

1

4,032,076

(842,600

)

Interest paid

(452,411

)

(532,253

)

Interest element of hire purchase payments paid

(452

)

(2,400

)

Tax paid

(870,452

)

(403,296

)

Net cash from operating activities

2,708,761

(1,780,549

)

Cash flows from investing activities

Purchase of tangible fixed assets

(921,680

)

(657,054

)

Purchase of fixed asset investments

-

(10,179,088

)

Sale of tangible fixed assets

118,500

15,693

Cash acquired at acquisition

-

859,940

Interest received

10,666

45,119

Net cash from investing activities

(792,514

)

(9,915,390

)

Cash flows from financing activities

New loans in year

-

6,442,400

Loan repayments in year

(515,507

)

(457,742

)

Other loan - deferred consideration

-

10,000,000

Other loan repayments

(500,000

)

(2,250,000

)

Capital repayments in year

(33,610

)

(14,228

)

Share issue

-

1,000

Equity dividends paid

(1,147,568

)

(842,378

)

Net cash from financing activities

(2,196,685

)

12,879,052

(Decrease)/increase in cash and cash equivalents

(280,438

)

1,183,113

Cash and cash equivalents at beginning of year

2

1,183,113

-

Cash and cash equivalents at end of year

2

902,675

1,183,113

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

25.7.23

Year Ended

to

30.9.25

30.9.24

£

£

Profit before taxation

2,072,135

2,118,535

Depreciation charges

1,323,855

1,469,072

Profit on disposal of fixed assets

(93,993

)

(15,693

)

Finance costs

452,863

534,653

Finance income

(10,666

)

(45,119

)

3,744,194

4,061,448

Decrease/(increase) in stocks

774

(1,091

)

(Increase)/decrease in trade and other debtors

(175,187

)

111,518

Increase/(decrease) in trade and other creditors

462,295

(5,014,475

)

Cash generated from operations

4,032,076

(842,600

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

902,675

1,183,113

Period ended 30 September 2024

30.9.24

25.7.23

£

£

Cash and cash equivalents

1,183,113

-

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank and in hand

1,183,113

(280,438

)

902,675

1,183,113

(280,438

)

902,675

Debt

Finance leases

(33,610

)

33,610

-

Debts falling due within 1 year

(1,016,294

)

(43,517

)

(1,059,811

)

Debts falling due after 1 year

(12,718,363

)

1,059,024

(11,659,339

)

(13,768,267

)

1,049,117

(12,719,150

)

Total

(12,585,154

)

768,679

(11,816,475

)

1.	STATUTORY INFORMATION

Snowdome Incorporated 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 General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Basis of consolidation

The consolidated financial statements present the results of the Group and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the aquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquisition operations are included in the Profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.

Significant judgements and estimates

The group makes estimates and assumptions concerning the future. Management are also required to exercise judgment in the process of applying the company’s accounting policies. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgments:

- Determine whether leases entered into by the group either as a lessor or a lessee are operating or lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis based on an evaluation of the terms and conditions of the arrangements, and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

- A provision is recognised when the group has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

- Whether a present obligation is probable or not requires judgment. The nature and type of risks for these provisions differ and management’s judgment is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

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