Hessle Golf Course Company Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00240576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HESSLE GOLF COURSE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Muir

A Dibnah

P Hull

D Liversedge

I Moffitt

SECRETARY:

M Hoyland

REGISTERED OFFICE:

Hessle Golf Club, Westfield Road

Raywell

Cottingham

Hull

HU16 5ZA

REGISTERED NUMBER:

00240576 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

BANKERS:

HSBC Bank plc

55 Whitefriargate

Hull

HU1 2HX

SOLICITORS:

Sandersons

17 Parliament Street

Hull

East Yorkshire

HU1 2BH

FIXED ASSETS

Investment property

4

1,777,399

1,777,399

CURRENT ASSETS

Debtors

5

-

2,500

Cash at bank

11,417

7,316

11,417

9,816

CREDITORS

Amounts falling due within one year

6

900

750

NET CURRENT ASSETS

10,517

9,066

TOTAL ASSETS LESS CURRENT LIABILITIES

1,787,916

1,786,465

PROVISIONS FOR LIABILITIES

146,421

146,421

NET ASSETS

1,641,495

1,640,044

CAPITAL AND RESERVES

Called up share capital

6,255

6,255

Share premium

7

31,559

31,559

Capital redemption reserve

7

975

975

Capital reserve

7

500,431

500,431

Retained earnings

7

1,102,275

1,100,824

SHAREHOLDERS' FUNDS

1,641,495

1,640,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 April 2023 and were signed on its behalf by:

A Dibnah - Director

1.	STATUTORY INFORMATION

Hessle Golf Course Company Limited is a private company, limited by shares, registered in England. The registered office is Westfield Road, Raywell, Cottingham, HU16 5ZA.

The presentation currency of the financial statements is the 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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of Covid-19, 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.

Preparation of consolidated financial statements

The financial statements contain information about Hessle Golf Course Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

and 31 December 2022

1,777,399

NET BOOK VALUE

At 31 December 2022

1,777,399

At 31 December 2021

1,777,399

The investment property comprises the golf course at Raywell which is used by Hessle Golf Club Limited.

The vast majority of the valuation relates to land; it is not possible to determine how much of the valuation relates to buildings.

Fair value at 31 December 2022 is represented by:

£

Valuation in 2018

1,330,000

Cost

447,399

1,777,399

If the investment property had not been revalued it would have been included at the following historical cost:

2022

2021

£

£

Cost

716,056

716,056

The investment property was valued on an open market basis on 31 May 2018 by Christie & Co .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

-

2,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

900

750

7.

RESERVES

Capital

Retained

Share

redemption

Capital

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 1 January 2022

1,100,824

31,559

975

500,431

1,633,789

Profit for the year

1,451

1,451

At 31 December 2022

1,102,275

31,559

975

500,431

1,635,240

8.	RELATED PARTY DISCLOSURES