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REGISTERED NUMBER: 02485663 (England and Wales)















HARROGATE FLOWER SHOW LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HARROGATE FLOWER SHOW LIMITED (REGISTERED NUMBER: 02485663)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HARROGATE FLOWER SHOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr C S H Smith
Mrs C J Bayliss
Mr D Matthewman



SECRETARY: Mrs J Robinson



REGISTERED OFFICE: 6 The Stables
Newby Hall
Ripon
HG4 5AE



REGISTERED NUMBER: 02485663 (England and Wales)



AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



BANKERS: National Westminster Bank Plc
3 Cambridge Crescent
Harrogate
North Yorkshire
HG1 1PE

HARROGATE FLOWER SHOW LIMITED (REGISTERED NUMBER: 02485663)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,694 7,406

CURRENT ASSETS
Debtors 5 60,257 141,679
Cash at bank 136,339 145,826
196,596 287,505
CREDITORS
Amounts falling due within one year 6 454,585 539,076
NET CURRENT LIABILITIES (257,989 ) (251,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(246,295

)

(244,165

)

CREDITORS
Amounts falling due after more than one
year

7

66,667

116,667
NET LIABILITIES (312,962 ) (360,832 )

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings (312,966 ) (360,836 )
SHAREHOLDERS' FUNDS (312,962 ) (360,832 )

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 6 March 2024 and were signed on its behalf by:




Mr C S H Smith - Director



Mrs C J Bayliss - Director


HARROGATE FLOWER SHOW LIMITED (REGISTERED NUMBER: 02485663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Harrogate Flower Show Limited 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.

These accounts have been prepared on a going concern basis, despite net current liabilities at the balance sheet date. The directors have confirmed continued support from the parent entity and consider the company retains sufficient working capital to continue trading for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services together with show admission receipts, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 12.5% to 20% on cost
Website development - 25% on cost
Fixtures and fittings - 15% on cost

Taxation
Taxation for the year 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 year 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.

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.

HARROGATE FLOWER SHOW LIMITED (REGISTERED NUMBER: 02485663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after and trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Website and
leasehold development fittings Totals
£    £    £    £   
COST
At 1 January 2023 125,999 9,785 9,431 145,215
Additions - 8,360 - 8,360
Disposals - (3,665 ) - (3,665 )
At 31 December 2023 125,999 14,480 9,431 149,910
DEPRECIATION
At 1 January 2023 125,999 6,205 5,605 137,809
Charge for year - 2,985 1,087 4,072
Eliminated on disposal - (3,665 ) - (3,665 )
At 31 December 2023 125,999 5,525 6,692 138,216
NET BOOK VALUE
At 31 December 2023 - 8,955 2,739 11,694
At 31 December 2022 - 3,580 3,826 7,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,266 30,058
Prepayments and accrued income 39,991 111,621
60,257 141,679

HARROGATE FLOWER SHOW LIMITED (REGISTERED NUMBER: 02485663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 38,969 115,073
Social security and other taxes 21,574 18,974
Amounts due to group undertaking 108,737 115,737
Accrued expenses and deferred income 235,305 239,292
454,585 539,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 16,667 66,667
66,667 116,667

The loan is a Coronavirus Business Interruption Loan. This carries a government guarantee for £200,000. The balance is unsecured.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 163,263 145,880
Between one and five years 53,000 53,000
216,263 198,880

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary shares £1 4 4

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

The Report of the Auditors was unqualified.

Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd

11. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities, assist with the preparation of the financial statements, provide tax advice and to represent us, as necessary, at tax tribunals.

HARROGATE FLOWER SHOW LIMITED (REGISTERED NUMBER: 02485663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

12. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is North of England Horticultural Society. The registered office and principal place of business is 6 The Stables, Newby Hall, Ripon, HG4 5AE.