REGISTERED NUMBER: 10168313 (England and Wales)

SOUTHSEA SKATEPARK TRADING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Paul Gonella

Christine Richards

Victoria Wenyon

Anthony William Spence

Samuel Dennis

REGISTERED OFFICE:

Southsea Skatepark

Clarence Esplanade

Southsea

Portsmouth

Hampshire

PO5 3NZ

REGISTERED NUMBER:

10168313 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

CURRENT ASSETS

Stocks

7,344

10,308

Debtors

4

1,444

107

Cash at bank

5,377

3,279

14,165

13,694

CREDITORS

Amounts falling due within one year

5

11,679

6,520

NET CURRENT ASSETS

2,486

7,174

TOTAL ASSETS LESS CURRENT LIABILITIES

2,486

7,174

CAPITAL AND RESERVES

Called up share capital

7

7

Retained earnings

2,479

7,167

SHAREHOLDERS' FUNDS

2,486

7,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

Christine Richards - Director

1.	STATUTORY INFORMATION

Southsea Skatepark Trading Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the preparation of these financial statements, the trustees have concluded that no significant accounting judgements or key sources of estimation uncertainty were required.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation

The company is a wholly owned subsidiary of a UK registered charity. It has entered into a deed of covenant to donate all of its distributable profits to the parent charity.

Corporation tax is provided on taxable profits at the applicable UK tax rates. However, due to the deed of covenant, the company donates all of its profits to the parent charity, thereby reducing its current tax liability to nil.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Where the company has no expectation of retaining profits and has no taxable temporary differences, no deferred tax is recognised.

Gift Aid and covenant donations are accounted for as distributions when the obligation to make the payment is established and the amount can be measured reliably. These are not treated as expenses in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,337

-

Other debtors

107

107

1,444

107

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

5,095

547

Amounts owed to group undertakings

6,009

5,410

Other creditors

575

563

11,679

6,520

6.	RELATED PARTY DISCLOSURES

The entire issued share capital of the company is held by The Southsea Skatepark Company Limited (Registered Charity Number: 1141066; Registered Company Number: 06679416(England and Wales)).This indicates that the this entity has a parent charity.

During the year Southsea Skatepark Trading Ltd has the following transactions with The Southsea Skatepark Company Limited , the parent charity of the entity.

2026

2025

£

£

Recharges

8,485

6,258

Profit share paid to parent charity

-

4,543

At the balance sheet date the following balances were outstanding between the entity and the parent charity was:

2026

2025

£

£

Amounts falling due within one year

6,009

5,410

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Southsea Skatepark Company Limited.

Control of the company is exercised by the charity trustees of The Southsea Skatepark Company Limited, through a 100% shareholding.

Registered Office:

Southsea Skatepark

Clarence Esplanade

Southsea

Portsmouth

Hampshire

PO5 3NZ

Deed of Covenant and Profit Donation

The parent charity and the company have entered into a Deed of Covenant, under which the company is committed to donate all of its distributable profits each year to The Southsea Skatepark Company Limited, a registered charity.