LEICESTER RIDERS FOUNDATION

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2 in the financial statements, which indicates that the group incurred a net deficit of £48,377 during the year ended 30 November 2024 and, as of that date, the group had net current liabilities of £957,989. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +86.6%

  £54,117 → £100,972

• Net assets

  -1.4%

  £3,554,136 → £3,505,759

• Employees

  -23.3%

  43 → 33

• Wages

  -20.6%

  £698,857 → £554,687

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Duncan & Toplis Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2 in the financial statements, which indicates that the group incurred a net deficit of £48,377 during the year ended 30 November 2024 and, as of that date, the group had net current liabilities of £957,989. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. LEICESTER RIDERS FOUNDATION · parent
   1. Leicester Community Sports Arena Limited 100% · England and Wales · Operation of a sports arena

Significant events

• “During the period there was a change in General Manager with an extended period under interim arrangements, in order to have an independent review of the Foundation and its leadership, before a new Manager was recruited in August 2024.”
• “The period was also characterised by significantly increased labour costs and shortages and increases in insurance, gas and electricity which has the largest impact on our residential property and on our subsidiary company which operates the arena.”
• “We also run a residential facility in Loughborough for young people and provide scholarships and support to disadvantaged young people although we plan to close that facility in summer 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.