Ground Hammer Training Centre Limited 15281080 false 2023-11-13 2024-11-30 2024-11-30 The principal activity of the company is Sports and recreation education Digita Accounts Production Advanced 6.30.9574.0 true true 15281080 2023-11-13 2024-11-30 15281080 2024-11-30 15281080 bus:OrdinaryShareClass1 2024-11-30 15281080 core:CurrentFinancialInstruments 2024-11-30 15281080 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 15281080 core:FurnitureFittingsToolsEquipment 2024-11-30 15281080 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-11-30 15281080 bus:SmallEntities 2023-11-13 2024-11-30 15281080 bus:AuditExemptWithAccountantsReport 2023-11-13 2024-11-30 15281080 bus:FilletedAccounts 2023-11-13 2024-11-30 15281080 bus:SmallCompaniesRegimeForAccounts 2023-11-13 2024-11-30 15281080 bus:RegisteredOffice 2023-11-13 2024-11-30 15281080 bus:Director1 2023-11-13 2024-11-30 15281080 bus:Director2 2023-11-13 2024-11-30 15281080 bus:Director3 2023-11-13 2024-11-30 15281080 bus:Director4 2023-11-13 2024-11-30 15281080 bus:OrdinaryShareClass1 2023-11-13 2024-11-30 15281080 bus:PrivateLimitedCompanyLtd 2023-11-13 2024-11-30 15281080 core:FurnitureFittingsToolsEquipment 2023-11-13 2024-11-30 15281080 core:PlantMachinery 2023-11-13 2024-11-30 15281080 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-11-13 2024-11-30 15281080 countries:UnitedKingdom 2023-11-13 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15281080

Ground Hammer Training Centre Limited

Annual Report and Unaudited Financial Statements

for the Period from 13 November 2023 to 30 November 2024

 

Ground Hammer Training Centre Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Ground Hammer Training Centre Limited

Company Information

Directors

Segui Il Tuo Corso Limited

Mr Andrew Good

Barry Hopkins

Mr Ben Garwood

Registered office

11 Thorn Business Park
Rotherwas
Hereford
Herefordshire
HR2 6JT

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Ground Hammer Training Centre Limited

(Registration number: 15281080)
Balance Sheet as at 30 November 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

9,630

Current assets

 

Debtors

5

297

Cash at bank and in hand

 

5,170

 

5,467

Creditors: Amounts falling due within one year

6

(15,769)

Net current liabilities

 

(10,302)

Net liabilities

 

(672)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(772)

Shareholders' deficit

 

(672)

For the financial period ending 30 November 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 period 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.

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.

 

Ground Hammer Training Centre Limited

(Registration number: 15281080)
Balance Sheet as at 30 November 2024
(continued)

Approved and authorised by the Board on 2 May 2025 and signed on its behalf by:
 

.........................................
Segui Il Tuo Corso Limited
Director

 

Ground Hammer Training Centre Limited

Notes to the Unaudited Financial Statements for the Period from 13 November 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
11 Thorn Business Park
Rotherwas
Hereford
Herefordshire
HR2 6JT

These financial statements were authorised for issue by the Board on 2 May 2025.

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 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 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.

 

Ground Hammer Training Centre Limited

Notes to the Unaudited Financial Statements for the Period from 13 November 2023 to 30 November 2024
(continued)

2

Accounting policies (continued)

Going concern

The financial statements show a deficit on net assets. This has arisen from losses incurred during the initial period of trading whilst the company was developing its business. The losses were anticipated during this phase of the businesses development and have been funded by loans from shareholders. The shareholders have indicated that they will continue to provide financial support to the company to enable it to continue trading for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.

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.

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:

Asset class

Depreciation method and rate

Plant and machinery

15% of cost per annum

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.

 

Ground Hammer Training Centre Limited

Notes to the Unaudited Financial Statements for the Period from 13 November 2023 to 30 November 2024
(continued)

2

Accounting policies (continued)

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

 

Ground Hammer Training Centre Limited

Notes to the Unaudited Financial Statements for the Period from 13 November 2023 to 30 November 2024
(continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

11,162

11,162

At 30 November 2024

11,162

11,162

Depreciation

Charge for the period

1,532

1,532

At 30 November 2024

1,532

1,532

Carrying amount

At 30 November 2024

9,630

9,630

5

Debtors

Current

2024
£

Prepayments

257

Other debtors

40

 

297

6

Creditors

Creditors: amounts falling due within one year

 

Ground Hammer Training Centre Limited

Notes to the Unaudited Financial Statements for the Period from 13 November 2023 to 30 November 2024
(continued)

6

Creditors (continued)

Note

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

10,780

Accruals and deferred income

 

1,202

Other creditors

 

3,787

 

15,769

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100

100

   

8

Related party transactions

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

Advanced

4,254

4,254

Repaid

(3,060)

(3,060)

At end of period

1,194

1,194

Terms of loans to related parties

 

Ground Hammer Training Centre Limited

Notes to the Unaudited Financial Statements for the Period from 13 November 2023 to 30 November 2024
(continued)

8

Related party transactions (continued)

The loans to related parties are interest free, unsecured and have no fixed repayment terms.
 

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

Advanced

11,975

11,975

At end of period

11,975

11,975