For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Snowtrax Limited is a private company limited by shares incorporated in England and Wales. The registered office is Matchams Lane, Christchurch, Dorset, UK, BH23 6AW.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements information about Snowtrax Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company is exempt under Section 399 (2A0 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.

Turnover represents net invoiced sales of goods, services and the provision of sporting and leisure facilities, excluding value added tax.

Goodwill represents the difference between fair value of the consideration paid on acquisition of a business and the fair value of its separable net assets at the date of acquisition and has been fully amortised.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in subsidiary undertaking are recognised at cost.

Stocks are valued at the lower of costs and estimated selling price less costs to complete and sell, after making allowance for obsolete and slow moving items.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Debtors and creditors with no stated interest rate and receivable or payable within one yar are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate methos, less impairment.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted to substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The company operated a defined contributions pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating results.

The average monthly number of persons (including directors) employed by the company during the year was:

The company is party to an unlimited bank guarantee in favour of its Holding Company, Iseard Holdings Limited.

Minimum lease payments under non-cancellable operating lease fall due as follows:

The parent undertaking is Iseard Holdings Limited, whose registered office is Unit 1, St Stephens Court, 15 - 17 St Stephens Road, Bournemouth, Dorset, BH2 6LA.