2025 Annual-report

45 FINANCIAL REPORT 2025 2024 £ £ (Loss)/profit on ordinary activities before tax (720,827) 643,703 (Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) (180,207) 160,926 Effects of: Expenses not deductible for tax purposes 59,976 7,859 Fixed asset differences 122,660 74,052 Movement in unamortised grants (231,947) (87,859) Adjustments to tax charge in respect of previous periods (132,901) - Adjustments to tax charge in respect of previous periods – deferred tax 18,067 - Total tax charge for the year (344,352) 154,978 8. TANGIBLE FIXED ASSETS Freehold property Fixtures, Fittings, Plant & Equipment and Motor Vehicles Office equipment Assets under construction Total £ £ £ £ £ Cost At 1 October 2024 27,659,584 5,976,817 762,778 314,204 34,713,383 Additions - 150,531 13,416 2,393,686 2,557,633 At 30 September 2025 27,659,584 6,127,348 776,194 2,707,890 37,271,016 Depreciation At 1 October 2024 7,651,843 5,589,299 667,257 - 13,908,399 Charge for the year 465,165 219,302 26,715 - 711,182 At 30 September 2025 8,117,008 5,808,601 693,972 - 14,619,581 Net book value At 30 September 2025 19,542,576 318,747 82,222 2,707,890 22,651,435 At 30 September 2024 20,007,741 387,518 95,521 314,204 20,804,984 Included within freehold property is land of £4,177,476 which is not depreciated. Assets under construction relate to pavilion project works. Trent Bridge Cricket Ground (the freehold property) was valued by Charterfields Chartered Surveyors in July 2022 at £79,200,000 on a replacement cost basis.The asset is carried in the financial statements at historic cost. Factors that may affect future tax charges There were no factors that may affect future tax charges.