Hessle Golf Course Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00240576 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

HESSLE GOLF COURSE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J P Adamson

S Fairbank

A R Elder

W D King

D J Gardner

A D Best

SECRETARY:

A D Best

REGISTERED OFFICE:

Westfield Road

Raywell

Cottingham

Hull

HU16 5ZA

REGISTERED NUMBER:

00240576 (England and Wales)

ACCOUNTANTS:

Sowerby FRS LLP

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

Tangible assets

2

568,734

568,734

Investments

3

100

100

568,834

568,834

CURRENT ASSETS

Debtors

6,376

8,015

CREDITORS

Amounts falling due within one year

4

59,473

55,944

NET CURRENT LIABILITIES

(53,097

)

(47,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

515,737

520,905

CAPITAL AND RESERVES

Called up share capital

5

6,255

6,255

Share premium

31,559

31,559

Capital redemption reserve

975

975

Capital reserve

500,431

500,431

Profit and loss account

(23,483

)

(18,315

)

SHAREHOLDERS' FUNDS

515,737

520,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 August 2014 and were signed on its behalf by:

D J Gardner - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having regard to liquidity risk, current market conditions and other factors affecting the company, 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

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

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 has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Depreciation of freehold property

Depreciation is not charged in respect of freehold property on the grounds that it is immaterial. The estimated

residual value of freehold property is not materially different from the carrying amount of the asset as it is fully

maintained by Hessle Golf Club such that it is kept to its previously assessed standard of performance. The

residual value of freehold property is assessed at each year end for indications of impairment in accordance with

FRS11.

The company has also taken advantage of the exception provided under SSAP19 whereby a property used by

another group entity is not an investment property for the purposes of its own accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

568,734

NET BOOK VALUE

At 31 December 2013

568,734

At 31 December 2012

568,734

Fixed assets are comprised of the golf course at Raywell which is used by Hessle Golf Club. Costs include the

original purchase price plus all amounts associated with the purchase. Costs also include capitalised interest

arising on borrowings associated with the purchase to the extent that this was charged prior to 31st December

1982.

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

100

NET BOOK VALUE

At 31 December 2013

100

At 31 December 2012

100

The company's investments at the balance sheet date in the share capital of companies include the following:

Hessle Tree Nurseries Limited

Nature of business: Growing commercial timber

%

Class of shares:

holding

Ordinary

100.00

2013

2012

£

£

Aggregate capital and reserves

8,752

9,175

Loss for the year

(423

)

(680

)

4.

CREDITORS

Creditors include an amount of £ 44,936 (2012 - £ 43,926 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

6,180

Ordinary

£1

6,180

6,180

75

Redeemable preference

£1

75

75

6,255

6,255

The ordinary share capital of the company is divided as follows:

Authorised

Issued

"A" ordinary shares of £1 each

1387

1387

"B" ordinary shares of £1 each

1611

1611

"C" ordinary shares of £1 each

3222

3182

There have been no changes to the above during either of the years under consideration.

Redeemable preference shares were redeemable at the option of the holder on 1st October 1992. The redemption

value was £14 per share.

6.	RELATED PARTY DISCLOSURES

Hessle Tree Nurseries Limited

100% subsidiary company

A loan account subsists between the company and its subsidiary.

Throughout the year, the company paid expenses on behalf of Hessle Tree Nurseries Limited amounting to £505.

2013

2012

£

£

Amount due from related party at the balance sheet date

6,376

8,015

Hessle Golf Club

An entity under common control

A loan account subsists between the company and Hessle Golf Club.

Throughout the year, Hessle Golf Club paid expenses on behalf of the company amounting to £4,609.

2013

2012

£

£

Amount due to related party at the balance sheet date

13,769

9,160

7.	ULTIMATE CONTROLLING PARTY