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01/08/2022
31/07/2023
2023-07-31
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No description of principal activities is disclosed
2022-08-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
03538751
2022-08-01
2023-07-31
03538751
2023-07-31
03538751
2022-07-31
03538751
2021-08-01
2022-07-31
03538751
2022-07-31
03538751
2021-07-31
03538751
core:LandBuildings
core:ShortLeaseholdAssets
2022-08-01
2023-07-31
03538751
core:PlantMachinery
2022-08-01
2023-07-31
03538751
core:FurnitureFittingsToolsEquipment
2022-08-01
2023-07-31
03538751
core:OnerousContractsExcludingVacantProperties
2022-08-01
2023-07-31
03538751
bus:RegisteredOffice
2022-08-01
2023-07-31
03538751
bus:LeadAgentIfApplicable
2022-08-01
2023-07-31
03538751
bus:Director1
2022-08-01
2023-07-31
03538751
bus:Director2
2022-08-01
2023-07-31
03538751
bus:Director3
2022-08-01
2023-07-31
03538751
core:LandBuildings
core:ShortLeaseholdAssets
2022-07-31
03538751
core:PlantMachinery
2022-07-31
03538751
core:LandBuildings
core:ShortLeaseholdAssets
2023-07-31
03538751
core:PlantMachinery
2023-07-31
03538751
core:WithinOneYear
2023-07-31
03538751
core:WithinOneYear
2022-07-31
03538751
core:RetainedEarningsAccumulatedLosses
2021-08-01
2022-07-31
03538751
core:RetainedEarningsAccumulatedLosses
2022-08-01
2023-07-31
03538751
core:ShareCapital
2023-07-31
03538751
core:ShareCapital
2022-07-31
03538751
core:RetainedEarningsAccumulatedLosses
2023-07-31
03538751
core:RetainedEarningsAccumulatedLosses
2022-07-31
03538751
core:ShareCapital
2021-07-31
03538751
core:RetainedEarningsAccumulatedLosses
2021-07-31
03538751
core:PreviouslyStatedAmount
core:ShareCapital
2023-07-31
03538751
core:LandBuildings
core:ShortLeaseholdAssets
2022-07-31
03538751
core:PlantMachinery
2022-07-31
03538751
bus:SmallEntities
2022-08-01
2023-07-31
03538751
bus:AuditExempt-NoAccountantsReport
2022-08-01
2023-07-31
03538751
bus:SmallCompaniesRegimeForAccounts
2022-08-01
2023-07-31
03538751
bus:PrivateLimitedCompanyLtd
2022-08-01
2023-07-31
03538751
bus:FullAccounts
2022-08-01
2023-07-31
Company registration number:
03538751
NHC Trading Limited
Unaudited filleted financial statements
31 July 2023
NHC Trading Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
NHC Trading Limited
Directors and other information
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Directors |
T Adams MBE |
(Resigned 19 May 2023) |
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N Hansford |
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J Ennis |
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Company number |
03538751 |
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Registered office |
The Stables |
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Rossington Hall |
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Great North Road |
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Doncaster |
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DH11 0HN |
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Accountants |
SMH Howard Matthews Ltd |
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Queensgate House |
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23 North Road |
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Harrogate |
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HG1 5PD |
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Bankers |
Virgin Money |
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19 Sepulcchre Gate |
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Doncaster |
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DN1 1TD |
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NHC Trading Limited
Statement of financial position
31 July 2023
|
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2023 |
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2022 |
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|
Note |
£ |
|
£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
|
5 |
28,483 |
|
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|
31,692 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
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|
28,483 |
|
|
|
31,692 |
|
|
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|
|
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Current assets |
|
|
|
|
|
|
|
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Stocks |
|
|
11,993 |
|
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|
9,696 |
|
|
Debtors |
|
6 |
6,789 |
|
|
|
2,702 |
|
|
Cash at bank and in hand |
|
|
26,024 |
|
|
|
113,347 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
44,806 |
|
|
|
125,745 |
|
|
Creditors: amounts falling due |
|
|
|
|
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|
within one year |
|
7 |
(
34,767) |
|
|
|
(
118,915) |
|
|
|
|
|
_______ |
|
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|
_______ |
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Net current assets |
|
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|
|
10,039 |
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|
|
6,830 |
|
|
|
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|
_______ |
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|
_______ |
Total assets less current liabilities |
|
|
|
|
38,522 |
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|
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38,522 |
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|
|
|
|
|
|
|
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|
|
|
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|
_______ |
|
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|
_______ |
Net assets |
|
|
|
|
38,522 |
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|
|
38,522 |
|
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|
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
Profit and loss account |
|
|
|
|
38,520 |
|
|
|
38,520 |
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|
|
|
|
_______ |
|
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|
_______ |
Shareholders funds |
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|
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|
38,522 |
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|
|
38,522 |
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|
_______ |
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_______ |
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For the year ending 31 July 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 April 2024
, and are signed on behalf of the board by:
N Hansford
Director
Company registration number:
03538751
NHC Trading Limited
Statement of changes in equity
Year ended 31 July 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
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|
|
|
|
|
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|
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|
At 1 August 2021 |
|
2 |
|
37,300 |
37,302 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Profit for the year |
|
|
|
6,384 |
6,384 |
|
|
|
|
|
Gift aid payment to parent charity |
|
- |
|
(
5,164) |
(
5,164) |
|
|
|
|
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|
_______ |
|
_______ |
_______ |
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Total comprehensive income for the year |
|
- |
|
1,220 |
1,220 |
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|
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|
|
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_______ |
|
_______ |
_______ |
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At 31 July 2022 and 1 August 2022 |
|
2 |
|
38,520 |
38,522 |
|
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|
|
|
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|
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|
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|
|
|
|
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|
Profit for the year |
|
|
|
13,422 |
13,422 |
|
|
|
|
|
Gift aid payment to parent charity |
|
- |
|
(
13,422) |
(
13,422) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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Total comprehensive income for the year |
|
- |
|
- |
- |
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_______ |
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_______ |
_______ |
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At 31 July 2023 |
|
2 |
|
38,520 |
38,522 |
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_______ |
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_______ |
_______ |
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NHC Trading Limited
Notes to the financial statements
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Stables, Rossington Hall, Great North Road, Doncaster, DH11 0HN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
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Short leasehold property |
- |
2 % |
straight line |
|
Plant and machinery |
- |
10 % |
straight line |
|
Computer equipment |
- |
20 % |
straight line |
|
Gallops |
- |
5
% |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL). The average monthly number of employees, including directors, during the year was 3 (2022 - 3). Employees hold contracts of employment with the parent charity and their salary costs are recharged.
5.
Tangible assets
|
|
Short leasehold property |
Plant and machinery |
Tangible assets - user defined |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 August 2022 |
4,141 |
78,460 |
42,875 |
125,476 |
|
|
|
|
Additions |
- |
3,698 |
- |
3,698 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 July 2023 |
4,141 |
82,158 |
42,875 |
129,174 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 August 2022 |
1,074 |
65,001 |
27,709 |
93,784 |
|
|
|
|
Charge for the year |
83 |
4,715 |
2,109 |
6,907 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 July 2023 |
1,157 |
69,716 |
29,818 |
100,691 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 July 2023 |
2,984 |
12,442 |
13,057 |
28,483 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 July 2022 |
3,067 |
13,459 |
15,166 |
31,692 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
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|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
6,789 |
2,702 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
10,843 |
10,690 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
17,601 |
98,088 |
|
Social security and other taxes |
|
5,323 |
4,137 |
|
Other creditors |
|
1,000 |
6,000 |
|
|
|
_______ |
_______ |
|
|
|
34,767 |
118,915 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Related party transactions
The company has taken advantage of the exemption available in accordance with FRS 102 Section 33 not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.
9.
Controlling Party
The ultimate parent undertaking and controlling party is National Horseracing College, a company limited by guarantee registered at The Stables, Rossington Hall, Great North Road, Doncaster, South Yorkshire, DN11 0HN. Copies of the consolidated accounts are available from Companies House, Cardiff, CF4 3UZ.