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Registration number: 10191354

Cliffe Park Hall Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Cliffe Park Hall Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Cliffe Park Hall Limited

(Registration number: 10191354)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

511,333

511,333

Current assets

 

Debtors

5

8,358

-

Cash at bank and in hand

 

2

2

 

8,360

2

Creditors: Amounts falling due within one year

6

(593,558)

(571,773)

Net current liabilities

 

(585,198)

(571,771)

Net liabilities

 

(73,865)

(60,438)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(73,867)

(60,440)

Shareholders' deficit

 

(73,865)

(60,438)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

.........................................
Mr SP Beaumont
Director

 

Cliffe Park Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Drayton Beaumont Building
Merrial Street
Newcastle-Under-Lyme
Staffordshire
ST5 2AE
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Cliffe Park Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

not depreciated

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Cliffe Park Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 June 2022

511,333

511,333

At 31 May 2023

511,333

511,333

Depreciation

Carrying amount

At 31 May 2023

511,333

511,333

At 31 May 2022

511,333

511,333

5

Debtors

2023
£

2022
£

Prepayments

8,358

-

8,358

-

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

7

413,780

391,995

Accruals and deferred income

 

756

756

Other creditors

 

179,022

179,022

 

593,558

571,773

 

Cliffe Park Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Related party transactions

Summary of transactions with other related parties

Related parties by virtue of Mr SP Beaumont being a director and shareholder in the companies. Related parties have granted interest free loan, which are repayable on demand, to the company as disclosed below.
 

Amounts payable to related parties

2023

Other related parties
£

Amounts payable to related party

592,803

2022

Other related parties
£

Amounts payable to related party

571,017