IRIS Accounts Production v24.3.2.46 10737830 director 1.5.22 30.4.23 30.4.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107378302022-04-30107378302023-04-30107378302022-05-012023-04-30107378302021-04-30107378302021-05-012022-04-30107378302022-04-3010737830ns15:EnglandWales2022-05-012023-04-3010737830ns14:PoundSterling2022-05-012023-04-3010737830ns10:Director12022-05-012023-04-3010737830ns10:PrivateLimitedCompanyLtd2022-05-012023-04-3010737830ns10:SmallEntities2022-05-012023-04-3010737830ns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3010737830ns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3010737830ns10:SmallCompaniesRegimeForAccounts2022-05-012023-04-3010737830ns10:FullAccounts2022-05-012023-04-3010737830ns10:RegisteredOffice2022-05-012023-04-3010737830ns5:CurrentFinancialInstruments2023-04-3010737830ns5:CurrentFinancialInstruments2022-04-3010737830ns5:Non-currentFinancialInstruments2023-04-3010737830ns5:Non-currentFinancialInstruments2022-04-3010737830ns5:ShareCapital2023-04-3010737830ns5:ShareCapital2022-04-3010737830ns5:RetainedEarningsAccumulatedLosses2023-04-3010737830ns5:RetainedEarningsAccumulatedLosses2022-04-3010737830ns5:PlantMachinery2022-05-012023-04-3010737830ns5:PlantMachinery2022-04-3010737830ns5:PlantMachinery2023-04-3010737830ns5:PlantMachinery2022-04-3010737830ns5:CostValuation2022-04-3010737830ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3010737830ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3010737830ns5:Secured2023-04-3010737830ns5:Secured2022-04-30107378301ns10:Director12022-04-30107378301ns10:Director12021-04-30107378301ns10:Director12022-05-012023-04-30107378301ns10:Director12021-05-012022-04-30107378301ns10:Director12023-04-30107378301ns10:Director12022-04-30
REGISTERED NUMBER: 10737830 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

SEATS HILL LEISURE LTD

SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEATS HILL LEISURE LTD

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTOR: S Colley





REGISTERED OFFICE: Seats Hill Grange
Hull Road
Seaton
Hull
HU11 5RN





REGISTERED NUMBER: 10737830 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,654 8,370
Investments 5 5,000 5,000
Investment property 6 374,138 263,032
404,792 276,402

CURRENT ASSETS
Debtors 7 22,930 16,177
Cash at bank 8,365 5,795
31,295 21,972
CREDITORS
Amounts falling due within one year 8 106,799 59,085
NET CURRENT LIABILITIES (75,504 ) (37,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,288

239,289

CREDITORS
Amounts falling due after more than one year 9 (250,600 ) (120,600 )

PROVISIONS FOR LIABILITIES - (1,560 )
NET ASSETS 78,688 117,129

CAPITAL AND RESERVES
Called up share capital 5,001 5,001
Retained earnings 73,687 112,128
78,688 117,129

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

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

The director acknowledges his 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.

SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

BALANCE SHEET - continued
30 April 2023


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 director and authorised for issue on 11 March 2025 and were signed by:





S Colley - Director


SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Seats Hill Leisure Ltd is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Seats Hill Grange, Hull Road, Seaton, Hull, HU11 5RN.

The principal activity of the company is that of furnished holiday letting.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the current economic environment, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% to 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Movement in fair value is recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.


SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 58,099
Additions 24,120
At 30 April 2023 82,219
DEPRECIATION
At 1 May 2022 49,729
Charge for year 6,836
At 30 April 2023 56,565
NET BOOK VALUE
At 30 April 2023 25,654
At 30 April 2022 8,370

SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 5,000
NET BOOK VALUE
At 30 April 2023 5,000
At 30 April 2022 5,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 263,032
Additions 111,106
At 30 April 2023 374,138
NET BOOK VALUE
At 30 April 2023 374,138
At 30 April 2022 263,032

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 20,085 16,085
Other debtors 2,845 92
22,930 16,177

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,152 39,100
Trade creditors 47,142 10,998
Taxation and social security 13,193 1,364
Other creditors 2,312 7,623
106,799 59,085

SEATS HILL LEISURE LTD (REGISTERED NUMBER: 10737830)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 250,600 120,600

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 250,600 120,600

The loan outstanding at the yearend of £250,600 (2022: £120,600) which is due to an unrelated third party is secured on freehold property held by the group subsidiary company.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
S Colley
Balance outstanding at start of year (7,622 ) (1,918 )
Amounts advanced 101,518 189,413
Amounts repaid (95,208 ) (195,117 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,312 ) (7,622 )

The director advanced funds to the company and was repaid various amounts during the year - the amount due to the directors at the year end was £1311.62 (2022 £7,622).

12. RELATED PARTY DISCLOSURES

During the year the company received funds from Pearson Coaches Limited to assist with the purchase of equipment - the balance owing at the year end was £20,085 ( 2022 £16,085).

13. ULTIMATE CONTROLLING PARTY

The controlling party is S Colley.