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No description of principal activity
2020-12-31
Sage Accounts Production Advanced 2020 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
09950981
2020-12-31
2021-12-29
09950981
2021-12-29
09950981
2020-12-30
09950981
2020-01-01
2020-12-30
09950981
2020-12-30
09950981
core:PlantMachinery
2020-12-31
2021-12-29
09950981
core:FurnitureFittings
2020-12-31
2021-12-29
09950981
core:MotorVehicles
2020-12-31
2021-12-29
09950981
bus:RegisteredOffice
2020-12-31
2021-12-29
09950981
bus:LeadAgentIfApplicable
2020-12-31
2021-12-29
09950981
bus:Director1
2020-12-31
2021-12-29
09950981
bus:Director3
2020-12-31
2021-12-29
09950981
core:PlantMachinery
2020-12-30
09950981
core:FurnitureFittings
2020-12-30
09950981
core:MotorVehicles
2020-12-30
09950981
core:PlantMachinery
2021-12-29
09950981
core:FurnitureFittings
2021-12-29
09950981
core:MotorVehicles
2021-12-29
09950981
core:WithinOneYear
2021-12-29
09950981
core:WithinOneYear
2020-12-30
09950981
core:AfterOneYear
2021-12-29
09950981
core:AfterOneYear
2020-12-30
09950981
core:RestatedAmount
core:WithinOneYear
2020-12-30
09950981
core:RestatedAmount
2020-12-30
09950981
core:ShareCapital
2021-12-29
09950981
core:ShareCapital
2020-12-30
09950981
core:RetainedEarningsAccumulatedLosses
2021-12-29
09950981
core:RestatedAmount
core:RetainedEarningsAccumulatedLosses
2020-12-30
09950981
core:PlantMachinery
2020-12-30
09950981
core:FurnitureFittings
2020-12-30
09950981
core:MotorVehicles
2020-12-30
09950981
core:RestatedAmount
2020-01-01
2020-12-30
09950981
bus:SmallEntities
2020-12-31
2021-12-29
09950981
bus:Audited
2020-12-31
2021-12-29
09950981
bus:FullAccounts
2020-12-31
2021-12-29
09950981
bus:SmallCompaniesRegimeForAccounts
2020-12-31
2021-12-29
09950981
bus:PrivateLimitedCompanyLtd
2020-12-31
2021-12-29
09950981
core:ComputerEquipment
2020-12-31
2021-12-29
09950981
core:LeaseholdImprovements
2020-12-31
2021-12-29
09950981
core:ComputerEquipment
2020-12-30
09950981
core:LeaseholdImprovements
2020-12-30
09950981
core:ComputerEquipment
2021-12-29
09950981
core:LeaseholdImprovements
2021-12-29
09950981
1
2020-12-31
2021-12-29
COMPANY REGISTRATION NUMBER:
09950981
Hurlston Hall Trading Limited
|
|
Hurlston Hall Trading Limited
|
|
Period from 31 December 2020 to 29 December 2021
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
Hurlston Hall Trading Limited
|
|
Officers and Professional Advisers
|
|
The board of directors
|
Mr G F O'Brien
|
|
Mr A M O'Brien
|
|
|
Registered office
|
Hanover Buildings
|
|
11-13 Hanover Street
|
|
Liverpool
|
|
Merseyside
|
|
United Kingdom
|
|
L1 3DN
|
|
|
Auditor
|
ERC Accountants & Business Advisers Limited
|
|
Chartered accountants & statutory auditor
|
|
Hanover Buildings
|
|
11-13 Hanover Street
|
|
Liverpool
|
|
L1 3DN
|
|
|
Hurlston Hall Trading Limited
|
|
Statement of Financial Position
|
|
29 December 2021
|
29 Dec 21
|
30 Dec 20
|
|
|
(restated)
|
Note
|
£
|
£
|
|
|
|
Fixed assets
Tangible assets
|
6
|
203,765
|
260,138
|
|
|
|
|
Current assets
Stocks
|
50,000
|
50,000
|
Debtors
|
7
|
916,166
|
794,707
|
Cash at bank and in hand
|
209,322
|
91,177
|
|
------------
|
---------
|
|
1,175,488
|
935,884
|
|
|
|
|
Creditors: Amounts falling due within one year
|
8
|
1,478,784
|
1,038,668
|
|
------------
|
------------
|
Net current liabilities
|
303,296
|
102,784
|
|
---------
|
---------
|
Total assets less current liabilities
|
(
99,531)
|
157,354
|
|
|
|
|
Creditors: Amounts falling due after more than one year
|
9
|
73,541
|
109,729
|
|
|
|
|
Provisions
|
(
15,987)
|
20,324
|
|
---------
|
---------
|
Net (liabilities)/assets
|
(
157,085)
|
27,301
|
|
---------
|
---------
|
|
|
|
Capital and reserves
Called up share capital
|
1
|
1
|
Profit and loss account
|
(
157,086)
|
27,300
|
|
---------
|
--------
|
Shareholders (deficit)/funds
|
(
157,085)
|
27,301
|
|
---------
|
--------
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Hurlston Hall Trading Limited
|
|
Statement of Financial Position (continued)
|
|
29 December 2021
These financial statements were approved by the
board of directors
and authorised for issue on
20 December 2022
, and are signed on behalf of the board by:
Company registration number:
09950981
Hurlston Hall Trading Limited
|
|
Notes to the Financial Statements
|
|
Period from 31 December 2020 to 29 December 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Hurlston Hall Holdings Limited which can be obtained from www.gov.uk/government/organisations/companies-house. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 Of FRS 102: - No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
25% straight line
|
|
Fixtures and fittings
|
-
|
25% straight line
|
|
Motor vehicles
|
-
|
25% straight line
|
|
Equipment
|
-
|
25% straight line
|
|
|
|
|
|
Leasehold improvements
|
-
|
10% straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
10
(2020:
21
).
5.
Tax on loss
Major components of tax income
|
Period from
|
|
|
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
|
(restated)
|
|
£
|
£
|
|
|
|
Deferred tax:
Origination and reversal of timing differences
|
(
36,312)
|
(
9,249)
|
|
--------
|
-------
|
Tax on loss
|
(
36,312)
|
(
9,249)
|
|
--------
|
-------
|
|
|
|
Reconciliation of tax income
The tax assessed on the loss on ordinary activities for the period is higher than (2020: higher than) the
standard rate of corporation tax in the UK
of
19
% (2020:
19
%).
|
Period from
|
|
|
31 Dec 20 to
|
Year to
|
|
29 Dec 21
|
30 Dec 20
|
|
|
(restated)
|
|
£
|
£
|
|
|
|
Loss on ordinary activities before taxation
|
(
220,698)
|
(
200,776)
|
|
---------
|
---------
|
Loss on ordinary activities by rate of tax
|
(
41,837)
|
(
33,302)
|
Effect of expenses not deductible for tax purposes
|
20,232
|
22,555
|
Effect of capital allowances and depreciation
|
(
11,994)
|
(
5,510)
|
Utilisation of tax losses
|
33,599
|
16,257
|
Deferred tax
|
(
36,312)
|
(
9,249)
|
|
---------
|
---------
|
Tax on loss
|
(
36,312)
|
(
9,249)
|
|
---------
|
---------
|
|
|
|
6.
Tangible assets
|
Plant and machinery
|
Fixtures and fittings
|
Motor vehicles
|
Equipment
|
Leasehold improvements
|
Total
|
|
£
|
£
|
£
|
£
|
£
|
£
|
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
At 31 Dec 2020 (as restated)
|
318,261
|
109,845
|
20,829
|
10,005
|
84,038
|
542,978
|
Additions
|
21,512
|
–
|
–
|
–
|
28,132
|
49,644
|
|
---------
|
---------
|
--------
|
--------
|
---------
|
---------
|
At 29 Dec 2021
|
339,773
|
109,845
|
20,829
|
10,005
|
112,170
|
592,622
|
|
---------
|
---------
|
--------
|
--------
|
---------
|
---------
|
Depreciation
|
|
|
|
|
|
|
At 31 Dec 2020
|
201,990
|
59,810
|
8,245
|
4,391
|
8,404
|
282,840
|
Charge for the period
|
63,716
|
25,257
|
5,208
|
2,291
|
9,545
|
106,017
|
|
---------
|
---------
|
--------
|
--------
|
---------
|
---------
|
At 29 Dec 2021
|
265,706
|
85,067
|
13,453
|
6,682
|
17,949
|
388,857
|
|
---------
|
---------
|
--------
|
--------
|
---------
|
---------
|
Carrying amount
|
|
|
|
|
|
|
At 29 Dec 2021
|
74,067
|
24,778
|
7,376
|
3,323
|
94,221
|
203,765
|
|
---------
|
---------
|
--------
|
--------
|
---------
|
---------
|
At 30 Dec 2020
|
116,271
|
50,035
|
12,584
|
5,614
|
75,634
|
260,138
|
|
---------
|
---------
|
--------
|
--------
|
---------
|
---------
|
|
|
|
|
|
|
|
7.
Debtors
|
29 Dec 21
|
30 Dec 20
|
|
|
(restated)
|
|
£
|
£
|
|
|
|
Trade debtors
|
157,042
|
114,090
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
613,065
|
578,737
|
Other debtors
|
146,059
|
101,880
|
|
---------
|
---------
|
|
916,166
|
794,707
|
|
---------
|
---------
|
|
|
|
8.
Creditors:
Amounts falling due within one year
|
29 Dec 21
|
30 Dec 20
|
|
|
(restated)
|
|
£
|
£
|
|
|
|
Bank loans and overdrafts
|
9,606
|
5,000
|
Trade creditors
|
138,705
|
64,258
|
Social security and other taxes
|
32,021
|
89,427
|
Other creditors
|
1,298,452
|
879,983
|
|
------------
|
------------
|
|
1,478,784
|
1,038,668
|
|
------------
|
------------
|
|
|
|
Held within other creditors are amounts due within 1 year relating to hire purchase liabilities totalling £35,003 (2020: £36,607).
Hire purchase liabilities are secured against the assets in which they relate.
Held within other creditors are amounts due within 1 year relating to bounce back loan liabilities totalling £9,606 (2020: £5,000).
The bounce back loan is 100% secured by the government and no charge over the assets of the company.
9.
Creditors:
Amounts falling due after more than one year
|
29 Dec 21
|
30 Dec 20
|
|
|
(restated)
|
|
£
|
£
|
|
|
|
Bank loans and overdrafts
|
36,461
|
45,000
|
Other creditors
|
37,080
|
64,729
|
|
--------
|
---------
|
|
73,541
|
109,729
|
|
--------
|
---------
|
|
|
|
Held within other creditors are amounts due after 1 year relating to hire purchase liabilities totalling £37,080 (2020: £64,729).
Hire purchase liabilities are secured against the assets in which they relate.
Held within other creditors are amounts due after 1 year relating to bounce back loan liabilities totalling £36,461 (2020: £45,000).
The bounce back loan is 100% secured by the government and no charge over the assets of the company.
10.
Prior period errors
Prior period errors have been identified relating to intercompany balances and expenses incurred. Adjustments have been made presenting an increase in loss brought forward of £25,503 that can be utilised against future profits. The comparatives have been restated accordingly.
11.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
12.
Summary audit opinion
The auditor's report for the year dated
20 December 2022
was qualified.
Basis for qualification of opinion
:
With respect of the prior period being qualified with an adverse opinion due to limitation of scope, the current period is therefore qualified on opening balances as at 29 December 2021. Owing to this we were unable to obtain sufficient appropriate audit evidence regarding opening balance values by using other audit procedures.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC¡¦s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our adverse opinion.
The senior statutory auditor was Richard Brown, for and on behalf of ERC Accountants & Business Advisers Limited.
13.
Directors' advances, credits and guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
14.
Related party transactions
The following related party transactions were undertaken during the year: A company under common control loaned monies from
Hurlston Hall Trading Limited
totalling £432,688 and repaid amounts totalling £760,003. At the balance sheet date the company under common control was owed £609,610 (2020: £279,295) from Hurlston Hall Trading Limited
. A company under common control loaned monies from Hurlston Hall Trading Limited
totalling £375 (2020: £20,000) and repaid amounts totalling nil (2020: £Nil). At the balance sheet date the company under common control owed £91,598 (2020: £91,223) to Hurlston Hall Trading Limited
. A company under common control loaned monies from Hurlston Hall Trading Limited
totalling £500 (2020: £Nil) and repaid amounts totalling nil (2020: £Nil). At the balance sheet date the company under common control owed £500 (2020: £Nil) to Hurlston Hall Trading Limited
. A company under common control loaned monies from Hurlston Hall Trading Limited
totalling £56,921 (2020: £Nil) and repaid amounts totalling £23,468 (2020: £12,642). At the balance sheet date the company under common control owed £520,967 (2020: £487,514) to Hurlston Hall Trading Limited
. During the period director introduced amounts totalling nil (2020: £20,404) and withdrew amounts totalling nil (2020: £19,778). At the balance sheet date the company owed the director £626 (2020: £626). No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
15.
Controlling party
The company is a wholly owned subsidiary of Hurlston Hall Limited which itself is a wholly owned subsidiary of the ultimate parent company, Hurlston Hall Holding Limited. Hurlston Hall Holding Limited prepares consolidated financial statements which includes Hurlston Hall Clubhouse Limited. The registered address for all these companies is Ayrton House, 38 Commerce Way, Parliament Business Park, Liverpool, L8 7BA. The smallest and largest group into which the results of this entity are consolidated is that headed by Hurlston Hall Holding Limited. Hurlston Hall Holding Limited is jointly owned and controlled by Mr G O'Brien and Mrs B O'Brien.
16.
Change in reporting frequency
The accounting period has been shortened to 29 December 2021, therefore the prior period figures are not comparable.