Contents of the Financial Statements

for the Period Ended 31 May 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

Directors' report period ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Directors

The directors shown below have held office during the whole of the period from
13 May 2024 to 31 May 2025

Mark Nolan
Sarah Smith
Philip Proctor

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 June 2026

And signed on behalf of the board by:
Name: Mark Nolan
Status: Secretary

Profit And Loss Account

for the Period Ended 31 May 2025

	13 months to 31 May 2025
	£
Turnover:	12,141
Cost of sales:	( 38,747 )
Gross profit(or loss):	(26,606)
Distribution costs:	( 14,296 )
Administrative expenses:	0
Operating profit(or loss):	(40,902)
Interest receivable and similar income:	0
Interest payable and similar charges:	( 1,709 )
Profit(or loss) before tax:	(42,611)
Tax:	0
Profit(or loss) for the financial year:	(42,611)

Balance sheet

As at 31 May 2025

	Notes	13 months to 31 May 2025
		£
Fixed assets
Intangible assets:		0
Tangible assets:	3	36,675
Investments:		0
Total fixed assets:		36,675
Current assets
Stocks:		0
Debtors:		0
Cash at bank and in hand:		11,236
Investments:		0
Total current assets:		11,236
Prepayments and accrued income:		0
Creditors: amounts falling due within one year:		0
Net current assets (liabilities):		11,236
Total assets less current liabilities:		47,911
Creditors: amounts falling due after more than one year:	4	( 35,000 )
Provision for liabilities:		0
Accruals and deferred income:		0
Total net assets (liabilities):		12,911
Members' funds
Profit and loss account:		12,911
Total members' funds:		12,911

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 May 2025 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.

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

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 May 2025

• 1. Accounting policies

  Basis of measurement and preparation

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

  Tangible fixed assets depreciation policy

  1. Document Purpose This policy sets rules for writing down asset values over time. It ensures true and fair financial reporting for the indoor skatepark and ramps 2. General Principles Cost Basis Record assets at purchase cost plus delivery and setup fees. Capitalization Threshold Capitalize items with a cost over £100 Expense Rule Expense items under £100 immediately to the profit and loss account. Depreciation Method Use the Straight Line Method for even expense spreading. Review Schedule Check asset lifespans and scrap values at every year-end. 3. Asset Classes and Rates Asset Class , Depreciation Method ,Useful Life Est , Annual Rate , Wooden Ramps, Straight Line , 5 Years , 20 percent , Reception Furniture , Straight-Line , 5 Years 20 percent 4. Current Asset Schedule and Calculations Wooden Ramps Asset Cost £35,000 Estimated Useful Life 5 Years Residual Value £0 assumed heavy wear and tear Annual Depreciation Expense £7,000 per year £35,000 over 5 years Monthly Journal Entry £583.33 per month Reception Furniture Asset Cost £500 Estimated Useful Life 5 Years Residual Value £0 Annual Depreciation Expense £100 per year ,£500 over 5 years Monthly Journal Entry £8.33 per month 5. Accounting Entries Annual Depreciation Entry Debit Depreciation Expense (Profit & Loss) £7,100 Credit Accumulated Depreciation (Balance Sheet) £7,100 Monthly Depreciation Entry Debit Depreciation Expense (Profit & Loss) £591.66 Credit Accumulated Depreciation (Balance Sheet) £591.66 6. Disposal and Impairment Damage Reviews Test skatepark ramps for early impairment if safety issues arise. Disposal Gain Loss Record the difference between sale price and net book value in the PL. Mark Nolan will be responsible for Monthly and yearly checks

Notes to the Financial Statements

for the Period Ended 31 May 2025

• 2. Employees

  	13 months to 31 May 2025
  Average number of employees during the period	6