The Plymouth Pavilions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08868826

The Plymouth Pavilions Limited

Filleted Financial Statements

30 June 2025

The Plymouth Pavilions Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		439,547	569,957

Current assets

Stocks		19,935	15,295
Debtors	6	1,338,943	1,265,156
Cash at bank and in hand		60,517	246,399
		------------	------------
		1,419,395	1,526,850

Creditors: amounts falling due within one year	7	( 1,752,172)		( 1,856,910)
		------------		------------
Net current liabilities			( 332,777)	( 330,060)
			---------	---------
Total assets less current liabilities			106,770	239,897

Creditors: amounts falling due after more than one year	8		–	( 104,167)

Provisions

Taxation including deferred tax	( 132,000)	( 132,000)
	---------	---------
Net (liabilities)/assets	( 25,230)	3,730
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 25,231)	3,729
	--------	-------
Shareholders (deficit)/funds	( 25,230)	3,730
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 12 June 2026 , and are signed on behalf of the board by:

J. S. Brent
Director

Company registration number: 08868826

The Plymouth Pavilions Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Balliol House, Southernhay Gardens, Exeter, EX1 1NP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

At the balance sheet date the company had positive net assets. The accounts have been prepared on a going concern basis and the directors consider this to be appropriate.

Judgements and key sources of estimation uncertainty

Payments received on account are estimated by reference to percentage of revenue invoiced in the period of ice rink entry, as noted in "Revenue Recognition" below.

Revenue recognition

Turnover is recognised as follows: Ice Rink: Revenue is recognised/invoiced in the period of ice rink entry. Food and Beverage: Revenue is recognised in the period that produce is consumed. Banqueting & Events: Events are invoiced on a 25% deposit/ 75% settlement basis. This revenue is deferred and released in the period in which the event occurs. Concert: Concert income (arena rental & ancillary cost recovery) is recognised in the period including concert date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	5-20 years straight line
Fixtures & Fittings	-	3 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 118 (2024: 116 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 July 2024 and 30 June 2025	744,222	740,273	1,484,495
	---------	---------	------------
Depreciation
At 1 July 2024	581,022	333,516	914,538
Charge for the year	65,379	65,031	130,410
	---------	---------	------------
At 30 June 2025	646,401	398,547	1,044,948
	---------	---------	------------
Carrying amount
At 30 June 2025	97,821	341,726	439,547
	---------	---------	------------
At 30 June 2024	163,200	406,757	569,957
	---------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	53,259	54,170
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,117,936	1,140,936
Other debtors	167,748	70,050
	------------	------------
	1,338,943	1,265,156
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	234,767	373,701
Amounts owed to group undertakings and undertakings in which the company has a participating interest	544,088	355,920
Social security and other taxes	93,231	61,638
Other creditors	880,086	1,065,651
	------------	------------
	1,752,172	1,856,910
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	104,167
	----	---------

9. Summary audit opinion

The auditor's report dated 23 June 2026 was unqualified .

The senior statutory auditor was Stewart Jell , for and on behalf of Moore Kingston Smith LLP .

10. Related party transactions

The ultimate parent company is Natatomisam Limited, a company incorporated in Great Britain. Consolidated accounts are available from Balliol House, Southernhay Gardens, Exeter, United Kingdom, EX1 1NP. The ultimate controlling parties are J S Brent and N H Brent by virtue of their individual shareholdings therein. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 1A.