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REGISTERED NUMBER: 06614563 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HOLLYWOOD CLUBS LIMITED

HOLLYWOOD CLUBS LIMITED (REGISTERED NUMBER: 06614563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


HOLLYWOOD CLUBS LIMITED (REGISTERED NUMBER: 06614563)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,571,225 1,602,888

CURRENT ASSETS
Stocks 11,850 6,150
Debtors 5 13,913 24,044
Cash at bank and in hand 45,059 89,575
70,822 119,769
CREDITORS
Amounts falling due within one year 6 68,488 185,107
NET CURRENT ASSETS/(LIABILITIES) 2,334 (65,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,573,559

1,537,550

PROVISIONS FOR LIABILITIES 7 91,645 91,645
NET ASSETS 1,481,914 1,445,905

RESERVES
Revaluation reserve 273,351 273,351
Retained earnings 1,208,563 1,172,554
1,481,914 1,445,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HOLLYWOOD CLUBS LIMITED (REGISTERED NUMBER: 06614563)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 14 November 2023 and were signed by:





A M Reilly - Director


HOLLYWOOD CLUBS LIMITED (REGISTERED NUMBER: 06614563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Hollywood Clubs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06614563

Registered office: Hednesford Bingo Club
Chase Gateway
Victoria Street
Hednesford
Staffordshire
WS12 1DQ

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
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 or 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 that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HOLLYWOOD CLUBS LIMITED (REGISTERED NUMBER: 06614563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 1,450,000 362,921 1,812,921
Disposals - (2,737 ) (2,737 )
At 31 March 2023 1,450,000 360,184 1,810,184
DEPRECIATION
At 1 April 2022 - 210,033 210,033
Charge for year - 31,663 31,663
Eliminated on disposal - (2,737 ) (2,737 )
At 31 March 2023 - 238,959 238,959
NET BOOK VALUE
At 31 March 2023 1,450,000 121,225 1,571,225
At 31 March 2022 1,450,000 152,888 1,602,888

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 337,470 - 337,470
Cost 1,112,530 360,184 1,472,714
1,450,000 360,184 1,810,184

HOLLYWOOD CLUBS LIMITED (REGISTERED NUMBER: 06614563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,112,530 1,112,530

Freehold property was valued on an open market basis on 31 March 2018 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,913 24,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 15,500
Trade creditors 9,948 25,492
Taxation and social security 31,851 51,072
Other creditors 26,689 93,043
68,488 185,107

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 91,645 91,645

Deferred
tax
£   
Balance at 1 April 2022 91,645
Balance at 31 March 2023 91,645

8. ULTIMATE CONTROLLING PARTY

The controlling party is A M Reilly.