Company Registration No. SC194721 (Scotland)
HAFC Stadium Limited
Unaudited accounts
for the year ended 30 June 2018
HAFC Stadium Limited
Unaudited accounts
Contents
HAFC Stadium Limited
Company Information
for the year ended 30 June 2018
Company Number
SC194721 (Scotland)
Registered Office
NEW DOUGLAS PARK
CADZOW AVENUE
HAMILTON
LANARKSHIRE
ML3 0FT
Accountants
KCD Chartered Accountants
104 Cadzow Street
Hamilton
ML3 6HP
HAFC Stadium Limited
Statement of financial position
as at
30 June 2018
Tangible assets
3,204,568
3,317,998
Cash at bank and in hand
152,364
131,057
Creditors: amounts falling due within one year
(416,596)
(352,442)
Net current assets
329,711
314,558
Total assets less current liabilities
3,534,279
3,632,556
Creditors: amounts falling due after more than one year
(3,454,137)
(3,755,222)
Net assets/(liabilities)
80,142
(122,666)
Called up share capital
200,000
200,000
Profit and loss account
(119,858)
(322,666)
Shareholders' funds
80,142
(122,666)
For the year ending 30 June 2018 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 March 2019.
Colin McGown
Director
Company Registration No. SC194721
HAFC Stadium Limited
Notes to the Accounts
for the year ended 30 June 2018
HAFC Stadium Limited is a private company, limited by shares, registered in Scotland, registration number SC194721. The registered office is NEW DOUGLAS PARK, CADZOW AVENUE, HAMILTON, LANARKSHIRE, ML3 0FT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Heritable property - straight line over 50 years
Plant and machinery - straight line over 4 years
Football Trust Grant received in respect of capital expenditure is credited to the profit and loss account over the estimated useful life of the fixed assets. The amount shown on the balance sheet represents the deferred income balance not yet credited to the profit and loss account.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2017
5,671,500
559,545
6,231,045
At 30 June 2018
5,671,500
559,545
6,231,045
At 1 July 2017
2,353,502
559,545
2,913,047
Charge for the year
113,430
-
113,430
At 30 June 2018
2,466,932
559,545
3,026,477
At 30 June 2018
3,204,568
-
3,204,568
At 30 June 2017
3,317,998
-
3,317,998
HAFC Stadium Limited
Notes to the Accounts
for the year ended 30 June 2018
Trade debtors
11,660
11,660
Amounts due from group undertakings etc.
582,283
524,283
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
277,093
277,093
Trade creditors
6,770
6,770
Taxes and social security
108,579
68,579
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
2,547,266
2,828,351
Other creditors
286,871
286,871
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Average number of employees
During the year the average number of employees was 0 (2017: 0).