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REGISTERED NUMBER: 07354190 (England and Wales)











Unaudited Financial Statements

for the period

1 February 2022 to 30 June 2023

for

Hovingham Sporting Ltd

Hovingham Sporting Ltd (Registered number: 07354190)






Contents of the Financial Statements
for the period 1 February 2022 to 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hovingham Sporting Ltd

Company Information
for the period 1 February 2022 to 30 June 2023







DIRECTORS: A J Grimshaw
T E Grimshaw





SECRETARY: A J Grimshaw





REGISTERED OFFICE: Centurion House
Leyland Business Park
Centurion Way
Leyland
Lancashire
PR25 3GR





REGISTERED NUMBER: 07354190 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Hovingham Sporting Ltd (Registered number: 07354190)

Abridged Balance Sheet
30 June 2023

30/6/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,393 69,667

CURRENT ASSETS
Debtors 7,616 30,482
Cash at bank 5,362 13,989
12,978 44,471
CREDITORS
Amounts falling due within one year 126,294 38,267
NET CURRENT (LIABILITIES)/ASSETS (113,316 ) 6,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,923

)

75,871

PROVISIONS FOR LIABILITIES - 13,236
NET (LIABILITIES)/ASSETS (44,923 ) 62,635

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (45,023 ) 62,535
SHAREHOLDERS' FUNDS (44,923 ) 62,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hovingham Sporting Ltd (Registered number: 07354190)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





A J Grimshaw - Director


Hovingham Sporting Ltd (Registered number: 07354190)

Notes to the Financial Statements
for the period 1 February 2022 to 30 June 2023

1. STATUTORY INFORMATION

Hovingham Sporting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

The Company provides field sports event parties on rented land and also provides events at external venues.
Revenue is recognised when an event has taken place.

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 - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the period 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 period 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.

Hovingham Sporting Ltd (Registered number: 07354190)

Notes to the Financial Statements - continued
for the period 1 February 2022 to 30 June 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 period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 72,497
Additions 46,943
Disposals (31,625 )
At 30 June 2023 87,815
DEPRECIATION
At 1 February 2022 2,830
Charge for period 17,119
Eliminated on disposal (527 )
At 30 June 2023 19,422
NET BOOK VALUE
At 30 June 2023 68,393
At 31 January 2022 69,667

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 31/1/22
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

The creditors balance of £113,832 (2022 - £26,832) is owed to Portfield Investments Ltd, a company in which A Grimshaw is a shareholder and director.