IRIS Accounts Production v24.2.0.383 03788848 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037888482022-11-30037888482023-11-30037888482022-12-012023-11-30037888482021-11-30037888482021-12-012022-11-30037888482022-11-3003788848ns15:EnglandWales2022-12-012023-11-3003788848ns14:PoundSterling2022-12-012023-11-3003788848ns10:Director12022-12-012023-11-3003788848ns10:Director22022-12-012023-11-3003788848ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003788848ns10:SmallEntities2022-12-012023-11-3003788848ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3003788848ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003788848ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3003788848ns10:FullAccounts2022-12-012023-11-300378884812022-12-012023-11-3003788848ns10:CompanySecretary12022-12-012023-11-3003788848ns10:RegisteredOffice2022-12-012023-11-3003788848ns5:CurrentFinancialInstruments2023-11-3003788848ns5:CurrentFinancialInstruments2022-11-3003788848ns5:ShareCapital2023-11-3003788848ns5:ShareCapital2022-11-3003788848ns5:RetainedEarningsAccumulatedLosses2023-11-3003788848ns5:RetainedEarningsAccumulatedLosses2022-11-3003788848ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3003788848ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-012023-11-3003788848ns5:LandBuildings2022-12-012023-11-3003788848ns5:PlantMachinery2022-12-012023-11-3003788848ns5:IntangibleAssetsOtherThanGoodwill2022-11-3003788848ns5:IntangibleAssetsOtherThanGoodwill2023-11-3003788848ns5:IntangibleAssetsOtherThanGoodwill2022-11-3003788848ns5:LandBuildings2022-11-3003788848ns5:PlantMachinery2022-11-3003788848ns5:LandBuildings2023-11-3003788848ns5:PlantMachinery2023-11-3003788848ns5:LandBuildings2022-11-3003788848ns5:PlantMachinery2022-11-3003788848ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003788848ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30037888481ns10:Director12022-11-30037888481ns10:Director12021-11-30037888481ns10:Director12022-12-012023-11-30037888481ns10:Director12021-12-012022-11-30037888481ns10:Director12023-11-30037888481ns10:Director12022-11-3003788848ns10:Director222022-11-3003788848ns10:Director222021-11-3003788848ns10:Director222022-12-012023-11-3003788848ns10:Director222021-12-012022-11-3003788848ns10:Director222023-11-3003788848ns10:Director222022-11-30
REGISTERED NUMBER: 03788848 (England and Wales)












HALL BROS LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2023






HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 9

HALL BROS LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P Hall
J J Hall





SECRETARY: J J Hall





REGISTERED OFFICE: Shoreline Caravan Park
Burry Port
Dyfed
SA16 0HD





REGISTERED NUMBER: 03788848 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 219,242 250,718
219,242 250,718

CURRENT ASSETS
Stocks 252,341 149,035
Debtors 6 771,218 837,070
Cash at bank 4,417,388 4,343,885
5,440,947 5,329,990
CREDITORS
Amounts falling due within one year 7 340,077 644,831
NET CURRENT ASSETS 5,100,870 4,685,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,320,112

4,935,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,320,012 4,935,777
5,320,112 4,935,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 August 2024 and were signed on its behalf by:



J J Hall - Director



P Hall - Director


HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

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

1. STATUTORY INFORMATION

Hall Bros Leisure 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 25% reducing balance and 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.

HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

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

2. ACCOUNTING POLICIES - continued

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

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans are initially recognised at transaction price 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

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

2. ACCOUNTING POLICIES - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments.

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.

HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

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

2. ACCOUNTING POLICIES - continued

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors
Trade and other debtors are recognised at the settlement amount due after any 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 (legal and constructive) 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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 60,000
AMORTISATION
At 1 December 2022
and 30 November 2023 60,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 361,586 459,097 820,683
Additions - 7,949 7,949
At 30 November 2023 361,586 467,046 828,632
DEPRECIATION
At 1 December 2022 180,397 389,568 569,965
Charge for year 9,058 30,367 39,425
At 30 November 2023 189,455 419,935 609,390
NET BOOK VALUE
At 30 November 2023 172,131 47,111 219,242
At 30 November 2022 181,189 69,529 250,718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 723,257 808,762
Other debtors 47,961 28,308
771,218 837,070

Included within other debtors is amounts owed to the directors of which will be repaid within 9 month of the year end. The loan is interest free and repayable upon demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,599 181,652
Taxation and social security 315,081 438,100
Other creditors 4,397 25,079
340,077 644,831

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J J Hall
Balance outstanding at start of year 14,463 -
Amounts advanced 125,456 98,241
Amounts repaid (115,462 ) (83,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,457 14,463

HALL BROS LEISURE LIMITED (REGISTERED NUMBER: 03788848)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P Hall
Balance outstanding at start of year 13,845 -
Amounts advanced 133,970 133,307
Amounts repaid (124,312 ) (119,462 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,503 13,845

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HALL BROS LEISURE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hall Bros Leisure Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hall Bros Leisure Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hall Bros Leisure Limited and state those matters that we have agreed to state to the Board of Directors of Hall Bros Leisure Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hall Bros Leisure Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hall Bros Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hall Bros Leisure Limited. You consider that Hall Bros Leisure Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hall Bros Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


30 August 2024