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Registration number: 02374882

Hartford Golf & Leisure Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Hartford Golf & Leisure Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Hartford Golf & Leisure Ltd

Company Information

Directors

Mr Richard Barnes

Mr Timothy Barnes

E B Barnes

Company secretary

Mr Timothy Barnes

Registered office

112 - 114 Witton Street
Northwich
Cheshire
CW9 5NW

 

Hartford Golf & Leisure Ltd

(Registration number: 02374882)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,860,386

1,677,825

Current assets

 

Stocks

5

222,851

201,931

Debtors

6

6,207

4,627

Investments

7

497,123

497,123

Cash at bank and in hand

 

616,148

756,734

 

1,342,329

1,460,415

Prepayments and accrued income

 

17,865

13,444

Creditors: Amounts falling due within one year

(447,510)

(652,108)

Net current assets

 

912,684

821,751

Total assets less current liabilities

 

2,773,070

2,499,576

Accruals and deferred income

 

(6,651)

(12,251)

Net assets

 

2,766,419

2,487,325

Capital and reserves

 

Called up share capital

8

277,877

277,877

Revaluation reserve

129,396

129,396

Retained earnings

2,359,146

2,080,052

Shareholders' funds

 

2,766,419

2,487,325

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hartford Golf & Leisure Ltd

(Registration number: 02374882)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr Timothy Barnes
Company secretary and director

 

Hartford Golf & Leisure Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Hartford Golf & Leisure Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Improvements to property

10% reducing balance

Plant and machinery

15% reducing balance

Fixtures and fittings

10% reducing balance

Computer equipment

25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hartford Golf & Leisure Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 45 (2023 - 55).

 

Hartford Golf & Leisure Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

1,094,791

206,334

917,701

2,218,826

Additions

114,229

10,330

119,188

243,747

At 30 April 2024

1,209,020

216,664

1,036,889

2,462,573

Depreciation

At 1 May 2023

146,642

163,937

230,422

541,001

Charge for the year

17,112

5,482

38,592

61,186

At 30 April 2024

163,754

169,419

269,014

602,187

Carrying amount

At 30 April 2024

1,045,266

47,245

767,875

1,860,386

At 30 April 2023

948,149

42,397

687,279

1,677,825

Included within the net book value of land and buildings above is £707,092 (2023 - £609,975) in respect of freehold land and buildings and £338,174 (2023 - £338,174) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

222,851

201,931

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Current asset investments

2024
£

2023
£

Other investments

497,123

497,123

8

Share capital

Allotted, called up and fully paid shares

 

Hartford Golf & Leisure Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

277,777

277,777

277,777

277,777

Ordinary B of £1 each

100

100

100

100

 

277,877

277,877

277,877

277,877

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

20,876

20,876

Surplus/deficit on revaluation of other assets

37,009

37,009

57,885

57,885

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

20,876

20,876

Surplus/deficit on revaluation of other assets

37,009

37,009

57,885

57,885

10

Related party transactions

 

Hartford Golf & Leisure Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,859

9,386

11

Non adjusting events after the financial period

There were no material events up to the date of approval of the financial statements by the Board.