1 April 2023 false No description of principal activity Taxfiler 2024.6.1 SC194721business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC1947212023-03-31 SC1947212023-04-012024-03-31 SC194721business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SC194721business:FilletedAccounts2023-04-012024-03-31 SC1947212024-03-31 SC194721business:Director12023-04-012024-03-31 SC194721business:RegisteredOffice2023-04-012024-03-31 SC1947212023-03-31 SC194721core:WithinOneYear2024-03-31 SC194721core:WithinOneYear2023-03-31 SC194721core:AfterOneYear2024-03-31 SC194721core:AfterOneYear2023-03-31 SC194721core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC194721core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC194721core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC194721core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC194721core:PreviouslyStatedAmount2024-03-31 SC194721core:PreviouslyStatedAmount2023-03-31 SC194721business:SmallEntities2023-04-012024-03-31 SC194721countries:Scotland2023-04-012024-03-31 SC194721core:LandBuildings2023-04-012024-03-31 SC194721core:PlantMachinery2023-04-012024-03-31 SC194721core:LandBuildings2023-03-31 SC194721core:PlantMachinery2023-03-31 SC194721core:LandBuildings2024-03-31 SC194721core:PlantMachinery2024-03-31 SC194721core:OtherProvisionsContingentLiabilities2023-03-31 SC194721core:OtherProvisionsContingentLiabilities2023-04-012024-03-31 SC194721core:OtherProvisionsContingentLiabilities2024-03-31 SC1947212022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC194721 (Scotland)
HAFC Stadium Limited Unaudited accounts for the year ended 31 March 2024
HAFC Stadium Limited Unaudited accounts Contents
Page
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HAFC Stadium Limited Company Information for the year ended 31 March 2024
Director
Colin McGowan
Company Number
SC194721 (Scotland)
Registered Office
The Cross Main Street Uddingston G71 7ES
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HAFC Stadium Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,242,376 
1,200,000 
Current assets
Debtors
1,052,175 
965,394 
Cash at bank and in hand
33,672 
201,418 
1,085,847 
1,166,812 
Creditors: amounts falling due within one year
(39,229)
(191,599)
Net current assets
1,046,618 
975,213 
Total assets less current liabilities
2,288,994 
2,175,213 
Creditors: amounts falling due after more than one year
(3,083,503)
(2,571,897)
Provisions for liabilities
Other provisions
(69,147)
(544,000)
Net liabilities
(863,656)
(940,684)
Capital and reserves
Called up share capital
200,000 
200,000 
Profit and loss account
(1,063,656)
(1,140,684)
Shareholders' funds
(863,656)
(940,684)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2024 and were signed on its behalf by
Colin McGowan Director Company Registration No. SC194721
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HAFC Stadium Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
HAFC Stadium Limited is a private company, limited by shares, registered in Scotland, registration number SC194721. The registered office is The Cross, Main Street, Uddingston, G71 7ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Heritable Property - straight line over 50 years
Plant & machinery
Straight Line over 4 years
Football Trust Grant
Football Trust Grant received in respect of capital expenditure is credited to the profit and loss account over the estimated useful life of the fixed assets. The amount shown on the balance sheet represents the deferred income balance not yet credited to the profit and loss account.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
4,072,136 
673,566 
4,745,702 
Additions
- 
42,376 
42,376 
At 31 March 2024
4,072,136 
715,942 
4,788,078 
Depreciation
At 1 April 2023
2,872,136 
673,566 
3,545,702 
At 31 March 2024
2,872,136 
673,566 
3,545,702 
Net book value
At 31 March 2024
1,200,000 
42,376 
1,242,376 
At 31 March 2023
1,200,000 
- 
1,200,000 
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HAFC Stadium Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
35,901 
31,951 
Amounts due from group undertakings etc.
582,283 
582,283 
Deferred tax asset
72,395 
Other debtors
- 
351,160 
690,579 
965,394 
Amounts falling due after more than one year
Other debtors
361,596 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(10,771)
(17,272)
Other creditors
- 
208,871 
Accruals
50,000 
- 
39,229 
191,599 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
2,473,503 
1,956,919 
Taxes and social security
- 
4,978 
Loans from directors
130,000 
130,000 
Accruals
480,000 
480,000 
3,083,503 
2,571,897 
8
Provisions for liabilities
£ 
At 1 April 2023
544,000 
Provisions used
(474,853)
At 31 March 2024
69,147 
A provision has been made against dilapidations to reinstate the building to original state with modernisation allowances as per survey.
9
Transactions with related parties
Group structure and ultimate controlling party The company is wholly owned by Deeka Limited, of which C C McGowan is a director. The Ultimate controlling party is Edencrest Limited, of which C C McGowan is a director and shareholder. Debtors Included in the debtors is an amount of £5,383 (2022 £5,383) due from Deeka Ltd. The balance is interest free and has no fixed repayment date or term. Included in debtors is an amount of £576,900 (2022 £576,900) due from Edencrest Limited. The balance is interest free and has no repayment date or term.
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HAFC Stadium Limited Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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