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Financial Statements
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Contents
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Page
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Officers and professional advisers
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1
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Strategic report
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2
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Directors' report
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4
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Independent auditor's report to the members
|
6
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Consolidated statement of income and retained earnings
|
10
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Company statement of income and retained earnings
|
11
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Consolidated statement of financial position
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12
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Company statement of financial position
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13
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Consolidated statement of cash flows
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14
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Notes to the financial statements
|
15
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Officers and Professional Advisers
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The board of directors
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Registered office
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|
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Auditor
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Chartered accountants & statutory auditor
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Hanover Buildings
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11-13 Hanover Street
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Liverpool
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L1 3DN
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Strategic Report
|
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Director
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Registered office:
|
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Directors' Report
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(Retired
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Director
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Registered office:
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered accountants & statutory auditor
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Hanover Buildings
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11-13 Hanover Street
|
Liverpool
|
L1 3DN
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Consolidated Statement of Income and Retained Earnings
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
Note
|
£
|
£
|
Turnover
|
4
|
|
|
Cost of sales
|
|
|
------------
|
------------
|
|
Gross profit
|
|
|
Administrative expenses
|
|
|
|
Other operating income
|
5
|
|
|
------------
|
------------
|
||
Operating profit/(loss)
|
6
|
|
(
|
Interest payable and similar expenses
|
|
|
------------
|
------------
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|
Profit/(loss) before taxation
|
|
(
|
Tax on profit/(loss)
|
9
|
(
|
(
|
---------
|
---------
|
||
Profit/(loss) for the financial period and total comprehensive income
|
|
(
|
|
---------
|
---------
|
||
Retained losses at the start of the period
|
(
|
(
|
------------
|
------------
|
|
Retained losses at the end of the period
|
(
|
(
|
------------
|
------------
|
|
|
Company Statement of Income and Retained Earnings
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
Note
|
£
|
£
|
Profit/(loss) for the financial period and total comprehensive income
|
(
|
(
|
Retained losses at the start of the period
|
(
|
(
|
-------
|
----
|
|
Retained losses at the end of the period
|
(
|
(
|
-------
|
----
|
|
|
Consolidated Statement of Financial Position
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
Note
|
£
|
£
|
Intangible assets
|
10
|
|
|
Tangible assets
|
11
|
|
|
------------
|
------------
|
||
|
|
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Stocks
|
12
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|
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Debtors
|
13
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|
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Cash at bank and in hand
|
|
|
|
------------
|
---------
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||
|
|
||
Creditors: Amounts falling due within one year
|
15
|
|
|
------------
|
------------
|
||
Net current liabilities
|
|
|
|
------------
|
------------
|
||
Total assets less current liabilities
|
|
|
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Creditors: Amounts falling due after more than one year
|
16
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|
|
Provisions
|
18
|
(
|
(
|
------------
|
------------
|
||
Net liabilities
|
(
|
(
|
|
------------
|
------------
|
||
Called up share capital
|
22
|
|
|
Revaluation reserve
|
23
|
|
|
Profit and loss account
|
23
|
(
|
(
|
---------
|
------------
|
||
Shareholders deficit
|
(
|
(
|
|
---------
|
------------
|
||
|
Director
|
|
Company Statement of Financial Position
|
29 Dec 21
|
30 Dec 20
|
|
Note
|
£
|
£
|
Investments
|
14
|
|
|
Cash at bank and in hand
|
|
|
|
----
|
----
|
||
|
|
||
Creditors: Amounts falling due within one year
|
15
|
|
|
-------
|
-------
|
||
Net current liabilities
|
|
|
|
-------
|
----
|
||
Total assets less current liabilities
|
(
|
(
|
|
Provisions
|
18
|
(
|
–
|
-------
|
----
|
||
Net liabilities
|
(
|
(
|
|
-------
|
----
|
||
Called up share capital
|
22
|
|
|
Profit and loss account
|
23
|
(
|
(
|
-------
|
----
|
||
Shareholders deficit
|
(
|
(
|
|
-------
|
----
|
||
|
Director
|
|
Consolidated Statement of Cash Flows
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Profit/(loss) for the financial period
|
|
(
|
Adjustments for:
|
||
Depreciation of tangible assets
|
|
|
Amortisation of intangible assets
|
|
|
Fair value adjustment of investment property
|
(
|
–
|
Government grant income
|
(
|
(
|
Interest payable and similar expenses
|
65,750
|
123,353
|
Tax on loss
|
(
|
(
|
Accrued expenses/(income)
|
|
(
|
Changes in:
|
||
Stocks
|
(
|
|
Trade and other debtors
|
(
|
(
|
Trade and other creditors
|
|
|
---------
|
---------
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|
Cash generated from operations
|
(
|
(
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Interest paid
|
(
|
(
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Tax paid
|
(
|
–
|
---------
|
---------
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|
Net cash used in operating activities
|
(
|
(
|
---------
|
---------
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|
Purchase of tangible assets
|
(
|
(
|
---------
|
---------
|
|
Net cash used in investing activities
|
(
|
(
|
---------
|
---------
|
|
Proceeds from borrowings
|
(
|
|
Proceeds from loans from group undertakings
|
|
|
Government grant income
|
|
|
Payments of finance lease liabilities
|
(
|
(
|
---------
|
---------
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|
Net cash from financing activities
|
|
|
---------
|
---------
|
|
Net increase in cash and cash equivalents
|
|
|
Cash and cash equivalents at beginning of period
|
172,856
|
65,063
|
---------
|
---------
|
|
Cash and cash equivalents at end of period
|
|
|
---------
|
---------
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|
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Notes to the Financial Statements
|
Goodwill
|
-
|
|
|
Land and buildings
|
-
|
|
|
Plant and machinery
|
-
|
|
|
Fixtures, fittings and equipment
|
-
|
|
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Motor vehicles
|
-
|
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Sale of goods
|
|
|
------------
|
------------
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Government grant income
|
|
|
---------
|
---------
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Amortisation of intangible assets
|
|
|
Depreciation of tangible assets
|
|
|
Fair value adjustments to investment property
|
(
|
–
|
Impairment of trade debtors
|
(5,621)
|
–
|
---------
|
---------
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Fees payable for the audit of the financial statements
|
|
|
--------
|
--------
|
|
29 Dec 21
|
30 Dec 20
|
|
No.
|
No.
|
|
Administrative staff
|
|
|
Management staff
|
10
|
21
|
----
|
----
|
|
|
|
|
----
|
----
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Other pension costs
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Adjustments in respect of prior periods
|
(
|
–
|
Origination and reversal of timing differences
|
(
|
(
|
--------
|
--------
|
|
Tax on loss
|
(
|
(
|
--------
|
--------
|
|
Period from
|
||
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
||
£
|
£
|
|
Profit/(loss) on ordinary activities before taxation
|
|
(
|
---------
|
---------
|
|
Profit/(loss) on ordinary activities by rate of tax
|
|
|
Adjustment to tax charge in respect of prior periods
|
(
|
–
|
Effect of expenses not deductible for tax purposes
|
(
|
–
|
Effect of capital allowances and depreciation
|
(
|
–
|
Utilisation of tax losses
|
(
|
–
|
Unused tax losses
|
–
|
(
|
Deferred tax timing difference
|
(
|
(
|
---------
|
---------
|
|
Tax on loss
|
(
|
(
|
---------
|
---------
|
|
Group
|
Goodwill
|
£
|
|
Cost
|
|
At 31 December 2020 (as restated) and 29 December 2021
|
|
---------
|
|
Amortisation
|
|
At 31 December 2020
|
|
Charge for the period
|
|
---------
|
|
At 29 December 2021
|
|
---------
|
|
Carrying amount
|
|
At 29 December 2021
|
|
---------
|
|
At 30 December 2020
|
|
---------
|
|
Group
|
Long leasehold property
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Investment Properties
|
Total
|
£
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
||||||
At 31 Dec 2020 (as restated)
|
|
|
|
|
8,015,809
|
|
Additions
|
|
|
|
|
–
|
|
Revaluations
|
–
|
–
|
–
|
–
|
542,248
|
|
---------
|
---------
|
---------
|
--------
|
------------
|
------------
|
|
At 29 Dec 2021
|
|
|
|
|
8,558,057
|
|
---------
|
---------
|
---------
|
--------
|
------------
|
------------
|
|
Depreciation
|
||||||
At 31 Dec 2020
|
|
|
|
|
–
|
|
Charge for the period
|
|
|
|
|
–
|
|
---------
|
---------
|
---------
|
--------
|
------------
|
------------
|
|
At 29 Dec 2021
|
|
|
|
|
–
|
|
---------
|
---------
|
---------
|
--------
|
------------
|
------------
|
|
Carrying amount
|
||||||
At 29 Dec 2021
|
|
|
|
|
8,558,057
|
|
---------
|
---------
|
---------
|
--------
|
------------
|
------------
|
|
At 30 Dec 2020
|
|
|
|
|
8,015,809
|
|
---------
|
---------
|
---------
|
--------
|
------------
|
------------
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Raw materials and consumables
|
|
|
–
|
–
|
Finished goods and goods for resale
|
|
|
–
|
–
|
--------
|
--------
|
----
|
----
|
|
|
|
–
|
–
|
|
--------
|
--------
|
----
|
----
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Trade debtors
|
|
|
–
|
–
|
Directors loan account
|
|
–
|
–
|
–
|
Other debtors
|
|
|
–
|
–
|
---------
|
---------
|
----
|
----
|
|
|
|
–
|
–
|
|
---------
|
---------
|
----
|
----
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Investments in group undertakings
|
–
|
–
|
1
|
1
|
----
|
----
|
----
|
----
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
–
|
–
|
Trade creditors
|
|
|
–
|
–
|
Amounts owed to group undertakings
|
|
–
|
|
|
Accruals and deferred income
|
|
|
|
–
|
Corporation tax
|
|
|
–
|
–
|
Social security and other taxes
|
|
|
–
|
–
|
Obligations under finance leases and hire purchase contracts
|
|
|
–
|
–
|
Director loan accounts
|
–
|
|
–
|
–
|
Other creditors
|
|
|
–
|
–
|
------------
|
------------
|
-------
|
-------
|
|
|
|
|
|
|
------------
|
------------
|
-------
|
-------
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
–
|
–
|
Amounts owed to group undertakings
|
|
|
–
|
–
|
Obligations under finance leases and hire purchase contracts
|
|
|
–
|
–
|
Other creditors
|
|
|
–
|
–
|
------------
|
------------
|
----
|
----
|
|
|
|
–
|
–
|
|
------------
|
------------
|
----
|
----
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Not later than 1 year
|
|
|
–
|
–
|
Later than 1 year and not later than 5 years
|
|
|
–
|
–
|
--------
|
---------
|
----
|
----
|
|
|
|
–
|
–
|
|
--------
|
---------
|
----
|
----
|
|
Group
|
Deferred tax (note 19)
|
£
|
|
At 31 December 2020 (as restated)
|
(
|
Additions
|
(
|
--------
|
|
At 29 December 2021
|
(
|
--------
|
|
Company
|
Deferred tax (note 19)
|
£
|
|
At 31 December 2020
|
–
|
Additions
|
(
|
-------
|
|
At 29 December 2021
|
(
|
-------
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Included in provisions (note 18)
|
(
|
(
|
(
|
–
|
--------
|
-------
|
-------
|
----
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Accelerated capital allowances
|
(
|
(
|
–
|
–
|
--------
|
-------
|
----
|
----
|
|
Group
|
Company
|
|||
29 Dec 21
|
30 Dec 20
|
29 Dec 21
|
30 Dec 20
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Government grants recognised directly in income
|
|
|
–
|
–
|
---------
|
---------
|
----
|
----
|
|
29 Dec 21
|
30 Dec 20
|
|||
(restated)
|
||||
No.
|
£
|
No.
|
£
|
|
|
|
4
|
|
4
|
----
|
----
|
----
|
----
|
|
At 31 Dec 2020
|
Cash flows
|
At 29 Dec 2021
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
99,079
|
|
Debt due within one year
|
(42,233)
|
(3,776)
|
(46,009)
|
Debt due after one year
|
(345,481)
|
26,563
|
(318,918)
|
---------
|
---------
|
---------
|
|
(
|
|
(
|
|
---------
|
---------
|
---------
|
|
|
Notes to the Financial Statements (continued)
|
Name of undertaking
|
Registered office
|
Class of shares held
|
% Held
|
|
Hurlston Hall Clubhouse Limited
|
Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN
|
Ordinary
|
100%
|
|
Hurlston Hall Trading Limited
|
Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN
|
Ordinary
|
100%
|
|
Hurlston Hall Property Limited
|
Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN
|
Ordinary
|
100%
|
|
Hurlston Hall Limited
|
Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN
|
Ordinary
|
100%
|
|