Registered number
04725945
Hillages Leisure Ltd
Filleted Accounts
31 January 2023
Hillages Leisure Ltd
Registered number: 04725945
Directors' Report
The directors present their report and accounts for the year ended 31 January 2023.
Principal activities
The company's principal activity during the year was management, promotion,development and operation of freshwater fisheries.
Directors
The following persons served as directors during the year:
MG Page
WPF Hill
DI Bailey
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 September 2023 and signed on its behalf.
D Bailey
Director
Hillages Leisure Ltd
Registered number: 04725945
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 90,251 90,534
Current assets
Cash at bank and in hand 378 378
Creditors: amounts falling due within one year 4 (2,450) (7,700)
Net current liabilities (2,072) (7,322)
Total assets less current liabilities 88,179 83,212
Creditors: amounts falling due after more than one year 5 (117,918) (111,532)
Net liabilities (29,739) (28,320)
Capital and reserves
Called up share capital 100 100
Profit and loss account (29,839) (28,420)
Shareholder's funds (29,739) (28,320)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Bailey
Director
Approved by the board on 30 September 2023
Hillages Leisure Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Motor Vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Stock of Fish Total
£ £ £ £
Cost
At 1 February 2022 87,354 5,168 2,355 94,877
At 31 January 2023 87,354 5,168 2,355 94,877
Depreciation
At 1 February 2022 - 4,343 - 4,343
Charge for the year - 283 - 283
At 31 January 2023 - 4,626 - 4,626
Net book value
At 31 January 2023 87,354 542 2,355 90,251
At 31 January 2022 87,354 825 2,355 90,534
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,000 2,000
Other creditors 450 5,700
2,450 7,700
5 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 117,918 111,532
6 Other information
Hillages Leisure Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2d Wendover Road
Rackheath Industrial Estste
Norwich
Norfolk
NR13 6LH
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