Company registration number 10747361 (England and Wales)
HEADINGLEY NORTH-SOUTH STAND LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
HEADINGLEY NORTH-SOUTH STAND LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HEADINGLEY NORTH-SOUTH STAND LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
2
2
Current assets
Debtors
6
6,035
14,234
Cash at bank and in hand
14,386
8,890
20,421
23,124
Creditors: amounts falling due within one year
7
(14,100)
(18,333)
Net current assets
6,321
4,791
Net assets
6,323
4,793
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
6,223
4,693
Total equity
6,323
4,793

For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
Mr PA Bullers
Director
Company registration number 10747361 (England and Wales)
HEADINGLEY NORTH-SOUTH STAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Headingley North-South Stand Limited is a private company limited by shares incorporated in England and Wales. The registered office is Headingley Stadium, St. Michaels Lane, Leeds, West Yorkshire, United Kingdom, LS6 3BR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

HEADINGLEY NORTH-SOUTH STAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

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

 

Financial instruments are recognised in the company's balance sheet 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 debtors 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

HEADINGLEY NORTH-SOUTH STAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2
2
HEADINGLEY NORTH-SOUTH STAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
5
Subsidiaries

Details of the company's subsidiaries at 31 October 2024 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Headingley North-South Stand (Rugby) Limited
Headingley Stadium, St Michaels Lane, Leeds, England, LS6 3BR
Rugby stadium stand operation
Ordinary
100.00
Headingley North-South Stand (Cricket) Limited
Headingley Cricket Ground, Kirkstall Lane, Leeds, England, LS6 4DP
Cricket stadium stand operation
Ordinary
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
7,199
Other debtors
3,835
7,035
Prepayments and accrued income
2,200
-
0
6,035
14,234
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
600
Amounts owed to group undertakings
2
2
Corporation tax
953
2,587
Other taxation and social security
-
0
1,100
Other creditors
13,145
14,044
14,100
18,333
8
Related party transactions

The company is a joint venture between Leeds Cricket Football and Athletic Company Limited and Yorkshire County Cricket Club Limited. Caddick Construction Limited and Caddick Group Limited are related companies through common ownership of Leeds Cricket Football and Athletic Company Limited.

 

Included in amounts owed to other creditors is an amount due to Caddick Group of £11,044 (2023: £11,044).

 

Included in other debtors is an amount due from Leeds Cricket Football & Athletic Company Limited of £3,835 (2023: £3,835).

 

2024-10-312023-11-01falsefalsefalse28 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr A M DawsonMr P A BullersMr P CaddickMr R B OatesMr  Harneet JagpalMr Sanjay  PatelMr Mitesh VelaniMr Anthony CookeMr PA Bullers107473612023-11-012024-10-31107473612024-10-31107473612023-10-3110747361core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3110747361core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3110747361core:CurrentFinancialInstruments2024-10-3110747361core:CurrentFinancialInstruments2023-10-3110747361core:ShareCapital2024-10-3110747361core:ShareCapital2023-10-3110747361core:RetainedEarningsAccumulatedLosses2024-10-3110747361core:RetainedEarningsAccumulatedLosses2023-10-3110747361bus:CompanySecretaryDirector12023-11-012024-10-31107473612022-11-012023-10-3110747361core:Subsidiary12023-11-012024-10-3110747361core:Subsidiary22023-11-012024-10-3110747361core:Subsidiary112023-11-012024-10-311074736112023-11-012024-10-3110747361bus:PrivateLimitedCompanyLtd2023-11-012024-10-3110747361bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110747361bus:FRS1022023-11-012024-10-3110747361bus:AuditExemptWithAccountantsReport2023-11-012024-10-3110747361bus:Director12023-11-012024-10-3110747361bus:Director22023-11-012024-10-3110747361bus:Director32023-11-012024-10-3110747361bus:Director42023-11-012024-10-3110747361bus:Director52023-11-012024-10-3110747361bus:Director62023-11-012024-10-3110747361bus:Director72023-11-012024-10-3110747361bus:Director82023-11-012024-10-3110747361bus:CompanySecretary12023-11-012024-10-3110747361bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP