Butts Park Arena Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09678972 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BUTTS PARK ARENA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Carpenter

P A Rossborough

J L Sharp

REGISTERED OFFICE:

Butts Park Arena

Butts

Coventy

CV1 3GE

REGISTERED NUMBER:

09678972 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

5,500,000

1,088,760

CURRENT ASSETS

Debtors

5

29,142

90,114

Cash at bank

3,069

3,089

32,211

93,203

CREDITORS

Amounts falling due within one year

6

1,266,020

1,266,800

NET CURRENT LIABILITIES

(1,233,809

)

(1,173,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,266,191

(84,837

)

PROVISIONS FOR LIABILITIES

1,088,032

-

NET ASSETS/(LIABILITIES)

3,178,159

(84,837

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

3,178,155

(84,841

)

3,178,159

(84,837

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 28 March 2024 and were signed on its behalf by:

J L Sharp - Director

1.	STATUTORY INFORMATION

Butts Park Arena Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

not depreciated

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Long

leasehold

£

COST OR VALUATION

At 1 July 2022

1,088,760

Additions

59,112

Revaluations

4,352,128

At 30 June 2023

5,500,000

NET BOOK VALUE

At 30 June 2023

5,500,000

At 30 June 2022

1,088,760

Cost or valuation at 30 June 2023 is represented by:

Long

leasehold

£

Valuation in 2023

5,500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

28,340

89,312

Other debtors

802

802

29,142

90,114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

-

900

Other creditors

1,266,020

1,265,900

1,266,020

1,266,800

7.	RELATED PARTY DISCLOSURES

Included within debtors at the year end is an aggregated amount due from the parent company £28,338 (2022 - £89,310). The loan is interest free and payable on demand.