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Registration number: 01868702

Hayday Securities Limited

trading as Bellmans Cross Inn

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Hayday Securities Limited

trading as Bellmans Cross Inn

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Hayday Securities Limited

trading as Bellmans Cross Inn

(Registration number: 01868702)

Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

4

727,370

730,093

Current assets

 

Stocks

5

24,000

6,515

Debtors

6

2,840

4,289

Cash at bank and in hand

 

1,680

845

 

28,520

11,649

Creditors: Amounts falling due within one year

7

(320,757)

(278,661)

Net current liabilities

 

(292,237)

(267,012)

Total assets less current liabilities

 

435,133

463,081

Creditors: Amounts falling due after more than one year

7

(72,609)

(35,286)

Net assets

 

362,524

427,795

Capital and Reserves

 

Called up share capital

8

100

100

Capital redemption reserve

522,538

522,538

Retained Earnings

(160,114)

(94,843)

Shareholders' funds

 

362,524

427,795

 

Hayday Securities Limited

trading as Bellmans Cross Inn

(Registration number: 01868702)

Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2024
 

.........................................
Mrs H Saley
Director

 

Hayday Securities Limited

trading as Bellmans Cross Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office is:
The Bellmans Cross Inn
Bridgnorth
Shatterford
Bewdley
Worcestershire
DY12 1RN
United Kingdom

These financial statements were authorised for issue by the director on 20 August 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Hayday Securities Limited

trading as Bellmans Cross Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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

Plant and machinery

18% reducing balance

Integral Features

10% straight line basis

Fixtures and fittings

18% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hayday Securities Limited

trading as Bellmans Cross Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2022 - 21).

 

Hayday Securities Limited

trading as Bellmans Cross Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible Assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

701,807

15,750

99,685

817,242

Additions

-

715

358

1,073

At 30 November 2023

701,807

16,465

100,043

818,315

Depreciation

At 1 December 2022

-

6,801

78,683

85,484

Charge for the year

-

1,635

3,826

5,461

At 30 November 2023

-

8,436

82,509

90,945

Carrying amount

At 30 November 2023

701,807

8,029

17,534

727,370

At 30 November 2022

701,807

7,284

21,002

730,093

Included within the net book value of land and buildings above is £701,807 (2022 - £701,807) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Stocks

24,000

6,515

6

Debtors

Current

2023
£

2022
£

Prepayments

2,840

4,289

 

2,840

4,289

 

Hayday Securities Limited

trading as Bellmans Cross Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

238,052

138,825

Trade Creditors

 

14,508

40,929

Taxation and social security

 

33,727

47,035

Accruals and deferred income

 

2,605

452

Other creditors

 

31,865

51,420

 

320,757

278,661

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

72,609

35,286

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Hayday Securities Limited

trading as Bellmans Cross Inn

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

72,609

35,286

Current loans and borrowings

2023
£

2022
£

Bank borrowings

38,529

26,142

Other borrowings

199,523

112,683

238,052

138,825

10

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,455

17,213