Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseNo description of principal activity9191trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12311596 2022-09-01 2023-08-31 12311596 2021-09-01 2022-08-31 12311596 2023-08-31 12311596 2022-08-31 12311596 c:Director2 2022-09-01 2023-08-31 12311596 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 12311596 d:Buildings d:LongLeaseholdAssets 2023-08-31 12311596 d:Buildings d:LongLeaseholdAssets 2022-08-31 12311596 d:PlantMachinery 2022-09-01 2023-08-31 12311596 d:PlantMachinery 2023-08-31 12311596 d:PlantMachinery 2022-08-31 12311596 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12311596 d:MotorVehicles 2022-09-01 2023-08-31 12311596 d:MotorVehicles 2023-08-31 12311596 d:MotorVehicles 2022-08-31 12311596 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12311596 d:FurnitureFittings 2022-09-01 2023-08-31 12311596 d:FurnitureFittings 2023-08-31 12311596 d:FurnitureFittings 2022-08-31 12311596 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12311596 d:OfficeEquipment 2022-09-01 2023-08-31 12311596 d:OfficeEquipment 2023-08-31 12311596 d:OfficeEquipment 2022-08-31 12311596 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12311596 d:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 12311596 d:OtherPropertyPlantEquipment 2023-08-31 12311596 d:OtherPropertyPlantEquipment 2022-08-31 12311596 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12311596 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12311596 d:CurrentFinancialInstruments 2023-08-31 12311596 d:CurrentFinancialInstruments 2022-08-31 12311596 d:Non-currentFinancialInstruments 2023-08-31 12311596 d:Non-currentFinancialInstruments 2022-08-31 12311596 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12311596 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12311596 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12311596 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 12311596 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 12311596 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 12311596 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 12311596 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-08-31 12311596 d:ShareCapital 2023-08-31 12311596 d:ShareCapital 2022-08-31 12311596 d:RetainedEarningsAccumulatedLosses 2023-08-31 12311596 d:RetainedEarningsAccumulatedLosses 2022-08-31 12311596 c:FRS102 2022-09-01 2023-08-31 12311596 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12311596 c:FullAccounts 2022-09-01 2023-08-31 12311596 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12311596 d:EntityControlledByKeyManagementPersonnel1 2022-09-01 2023-08-31 12311596 d:EntityControlledByKeyManagementPersonnel1 2023-08-31 12311596 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 12311596 d:HirePurchaseContracts d:WithinOneYear 2022-08-31 12311596 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 12311596 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-08-31 12311596 2 2022-09-01 2023-08-31 12311596 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 12311596









BROCKET HALL (HOLDING) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
BROCKET HALL (HOLDING) LIMITED
REGISTERED NUMBER: 12311596

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
646,040
541,541

  
646,040
541,541

Current assets
  

Stocks
  
143,575
103,915

Debtors: amounts falling due after more than one year
 6 
-
31,000

Debtors: amounts falling due within one year
 6 
855,914
894,952

Cash at bank and in hand
 7 
1,151,558
833,802

  
2,151,047
1,863,669

Creditors: amounts falling due within one year
 8 
(4,493,482)
(3,984,985)

Net current liabilities
  
 
 
(2,342,435)
 
 
(2,121,316)

Total assets less current liabilities
  
(1,696,395)
(1,579,775)

Creditors: amounts falling due after more than one year
 9 
(641,990)
(539,812)

  

Net liabilities
  
(2,338,385)
(2,119,587)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(2,339,385)
(2,120,587)

  
(2,338,385)
(2,119,587)


Page 1

 
BROCKET HALL (HOLDING) LIMITED
REGISTERED NUMBER: 12311596
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2024.




M Xu
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

Brocket Hall (Holding) Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 12311596 The registered business address of Admin Office Brocket Park, Lemsford, Welwyn Garden City, AL8 7XG. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors have reviewed the business model and projections and are confident that the company can meet its day to day cash flow requirements within its existing facilities. The directors are of the opinion that the company can continue for the forseeable future with support from related parties and subscribing members. The directors therefore consider it appropriate to prepare the accounts on a going concern basis.

Page 3

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Members subscriptions
These are received annually in advance and are recognised within the profit and loss as they fall due. Until then these are held as a payments in advance.
Accommodation hire
All accommodation hire and venue rentals income are recognised at the date that the hire takes place. Until then these are held as a payments in advance.
Food and drink 
Revenue is recognised on food and drink at the point of sale. If an event is taking place then all monies received in advance will be held and recognised as revenue on the date of the event.
Pro shop sales 
Revenue from the sale of goods is recognised at the point the company receives consideration to enable the transfer of ownership to the buyer.
Green fees
This revenue is recongnised at the point the member or visitor uses the green.
Lessons fees 
This revenue is recognised at the point that the lesson takes place until then these are held as a payments in advance.
Equipment hire and store fees
This revenue is recognised at the point that the equipment or stores are used. Until then these are held as a payments in advance.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 4

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the rates as shown below.

Depreciation is provided on the following basis:

Leasehold property improvements
-
10%
Straight Line
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Other fixed assets
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.15

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


Page 7

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 91 (2022 - 91).

Page 8

 


 
BROCKET HALL (HOLDING) LIMITED


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023


4.


Tangible fixed assets






leasehold property improve-ments
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£
£
£
£



Cost or valuation


At 1 September 2022
281,739
220,587
-
268,447
49,964
4,186
824,923


Additions
39,996
110,052
63,241
23,377
-
5,549
242,215


Disposals
-
(4,833)
-
-
-
-
(4,833)



At 31 August 2023

321,735
325,806
63,241
291,824
49,964
9,735
1,062,305



Depreciation


At 1 September 2022
36,276
90,493
-
128,480
25,958
2,174
283,381


Charge for the period on owned assets
30,061
42,812
11,674
40,547
6,002
1,788
132,884



At 31 August 2023

66,337
133,305
11,674
169,027
31,960
3,962
416,265



Net book value



At 31 August 2023
255,398
192,501
51,567
122,797
18,004
5,773
646,040



At 31 August 2022
245,463
130,094
-
139,966
24,006
2,012
541,541

Page 9

 


 
BROCKET HALL (HOLDING) LIMITED


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
143,575
103,915

143,575
103,915



6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
-
31,000

-
31,000


2023
2022
£
£

Due within one year

Trade debtors
67,400
43,160

Other debtors
623,169
673,610

Prepayments and accrued income
165,345
178,182

855,914
894,952

Page 10

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

6.Debtors (continued)



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,151,558
833,802

1,151,558
833,802



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
10,000
10,000

Payments received on account
553,583
538,229

Trade creditors
640,775
448,647

Other taxation and social security
620,974
691,727

Obligations under finance lease and hire purchase contracts
44,457
-

Other creditors
430,180
586,176

Accruals and deferred income
2,193,513
1,710,206

4,493,482
3,984,985



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,500
27,500

Other loans
506,310
512,312

Net obligations under finance leases and hire purchase contracts
118,180
-

641,990
539,812


Page 11

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loans
17,500
27,500


17,500
27,500

Amounts falling due after more than 5 years

Other loans
506,310
512,312

506,310
512,312

533,810
549,812



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
44,457
-

Between 1-5 years
118,180
-

162,637
-


12.


Pension commitments

The pension cost charge of £39,598 (2022: £21,199) includes contributions payable by the company to personal schemes. The amounts outstanding at the year end were £9,992.

Page 12

 
BROCKET HALL (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

13.


Related party transactions

At the balance sheet date Brocket Hall (Holdings) Limited owed £506,310 (2022 £512,312) to an associated party. This is shown within other creditors. This is split between loans paid within one year and those over one year. 


14.


Controlling party

The ultimate controlling party is International Leisure Investments Limited who owns 100% of the issued shares. 

 
Page 13