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REGISTERED NUMBER: 11633057 (England and Wales)












HAMPSHIRE FA LEISURE OPERATIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






HAMPSHIRE FA LEISURE OPERATIONS LTD (REGISTERED NUMBER: 11633057)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAMPSHIRE FA LEISURE OPERATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N A Cassar
Ms L Hind
J W T Pearson
Ms V Raynbird
N P Taplin
I V Walkom
S J Yeomans
A Marshall
D Bendall
Ms L C Wain
L J Howgill
Ms M S Robinson



REGISTERED OFFICE: Winklebury Football Complex
Winklebury Way
Basingstoke
Hampshire
RG23 8BF



REGISTERED NUMBER: 11633057 (England and Wales)



SENIOR STATUTORY AUDITOR: Matt Cooper ACA



AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

HAMPSHIRE FA LEISURE OPERATIONS LTD (REGISTERED NUMBER: 11633057)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 753,035 840,910

CURRENT ASSETS
Stocks 12,542 7,221
Debtors 5 125,579 30,739
Cash at bank 154,004 209,786
292,125 247,746
CREDITORS
Amounts falling due within one year 6 (690,276 ) (629,491 )
NET CURRENT LIABILITIES (398,151 ) (381,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,884

459,165

CREDITORS
Amounts falling due after more than one
year

7

(403,819

)

(436,191

)
NET (LIABILITIES)/ASSETS (48,935 ) 22,974

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (49,035 ) 22,874
(48,935 ) 22,974

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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





S J Yeomans - Director


HAMPSHIRE FA LEISURE OPERATIONS LTD (REGISTERED NUMBER: 11633057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Hampshire FA Leisure Operations 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going Concern
At the year end the company had liabilities in excess of assets. The company is reliant on the support of the parent company which is guaranteed for a period of at least 12 months from the date the financial statements are signed.

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 - Straight line over 10 years
Fixtures and fittings - Straight line over 4 years
Computer equipment - Straight line over 4 years

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 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 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.

HAMPSHIRE FA LEISURE OPERATIONS LTD (REGISTERED NUMBER: 11633057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, 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.

Grants received
Grants are credited to the profit and loss account for the year to which they relate.

Grants received in relation to assets are recognised on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 July 2022 1,073,185 97,740 18,931 1,189,856
Additions 53,461 664 - 54,125
At 30 June 2023 1,126,646 98,404 18,931 1,243,981
DEPRECIATION
At 1 July 2022 261,519 73,238 14,189 348,946
Charge for year 112,666 24,601 4,733 142,000
At 30 June 2023 374,185 97,839 18,922 490,946
NET BOOK VALUE
At 30 June 2023 752,461 565 9 753,035
At 30 June 2022 811,666 24,502 4,742 840,910

HAMPSHIRE FA LEISURE OPERATIONS LTD (REGISTERED NUMBER: 11633057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 18,763 16,467
Other debtors 106,816 14,272
125,579 30,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 790 -
Amounts owed to group undertakings 610,952 521,355
Other creditors 78,534 108,136
690,276 629,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Other creditors 403,819 436,191

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matt Cooper ACA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited

9. ULTIMATE CONTROLLING PARTY

Hampshire Football Association Limited is regarded by the director's as being the company's ultimate parent company by virtue of its 100% shareholding of the company's issued share capital. The accounts are available from its registered office Winklebury Football Complex, Winklebury Way, Basingstoke, Hampshire, RG23 8BF.