INGLETON SCENERY COMPANY LIMITED

Company Registration Number:
03410287 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2026

Period of accounts

Start date: 01 April 2025

End date: 31 March 2026

INGLETON SCENERY COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet
Notes

INGLETON SCENERY COMPANY LIMITED

Balance sheet

As at 31 March 2026


Notes
2026
2025


£
£
Fixed assets
Intangible assets: 3 255,000 255,000
Tangible assets: 4 1,683,370 1,739,164
Total fixed assets: 1,938,370 1,994,164
Current assets
Debtors: 5 94,500 88,572
Cash at bank and in hand: 560,433 329,809
Total current assets: 654,933 418,381
Creditors: amounts falling due within one year: 6 (322,814) (236,988)
Net current assets (liabilities): 332,119 181,393
Total assets less current liabilities: 2,270,489 2,175,557
Provision for liabilities: (13,247) (11,919)
Total net assets (liabilities): 2,257,242 2,163,638
Capital and reserves
Called up share capital: 488,349 488,349
Other reserves: 6,651 6,651
Profit and loss account: 1,762,242 1,668,638
Shareholders funds: 2,257,242 2,163,638

The notes form part of these financial statements

INGLETON SCENERY COMPANY LIMITED

Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 June 2026
and signed on behalf of the board by:

Name: A Morphet
Status: Director

The notes form part of these financial statements

INGLETON SCENERY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

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: Freehold property-4% straight line Fixtures and fittings-25% straight line Freehold land and buildings are stated at cost where their useful economic life is greater than fifty years. Additions during the year are depreciated over twenty five years as they are expected to have a finite life. No depreciation is provided on freehold property where the estimated remaining life exceeds fifty years as it is the company's policy to maintain its properties in good condition which prolongs their useful life and any depreciation involved would not be material. An impairment review is carried out if there is an indication that impairment has occurred bringing the recoverable amount to below its carrying amount.

Intangible fixed assets and amortisation policy

Purchased goodwill arose on the issue of the ordinary share capital of the company. The directors consider the value of goodwill at the year end to be equivalent to its cost. The company is not amortising the goodwill as it has an obligation under the Health and Safety Executive to maintain the walks and waterfalls, owned by the company and known as Ingleton Falls, in good condition which will maintain its tourism potential. This is a departure from the statutory rules requiring goodwill to be amortised and this departure is necessary for the financial statements to give a true and fair view.

Other accounting policies

Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised

INGLETON SCENERY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

2. Employees

2026 2025
Average number of employees during the period 19 19

INGLETON SCENERY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

3. Intangible Assets

Total
Cost £
At 01 April 2025 255,000
At 31 March 2026 255,000
Net book value
At 31 March 2026 255,000
At 31 March 2025 255,000

INGLETON SCENERY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

4. Tangible Assets

Total
Cost £
At 01 April 2025 2,291,729
Additions 55,210
Disposals (71,040)
At 31 March 2026 2,275,899
Depreciation
At 01 April 2025 552,565
Charge for year 92,812
On disposals (52,848)
At 31 March 2026 592,529
Net book value
At 31 March 2026 1,683,370
At 31 March 2025 1,739,164

INGLETON SCENERY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

5. Debtors

2026 2025
££
Debtors due after more than one year: 0 0

INGLETON SCENERY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

6. Creditors: amounts falling due within one year note

2026 2025 Trade creditors 141849 57924 Corporation tax 76926 93100 Other creditors 104039 85964 Total 322814 236988