Registrar
Registration number:
for the Year Ended
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB
Braintree H C Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Braintree H C Limited
Company Information
Directors |
M B Hanley K R Welsh D Summersgill A J Hill W F Croft |
Registered office |
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Accountants |
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Page 1 |
Braintree H C Limited
(Registration number: 01349271)
Balance Sheet as at 30 April 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
- |
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Investments |
- |
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- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
- |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Total equity |
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For the financial year ended 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 2 |
Braintree H C Limited
(Registration number: 01349271)
Balance Sheet as at 30 April 2019
Approved and authorised by the
M B Hanley
Director
D Summersgill
Director
Page 3 |
Braintree H C Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Government grants
A grant from Braintree District Council has been treated as deferred income and credited over a period approximating to the useful life of the asset to which it relates.
Other grants
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold Land |
No depreciation charged |
Clubhouse and Changing Rooms |
4% straight line |
Equipment |
25% reducing balance |
Synthetic Playing Surface (including floodlights) |
10% straight line |
Page 4 |
Braintree H C Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity.
Page 5 |
Braintree H C Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
Tangible assets |
Freehold Land |
Clubhouse and Changing Rooms |
Synthetic Playing surface (including floodlights) |
Equipment |
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Cost or valuation |
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At 1 May 2018 |
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Disposals |
( |
( |
( |
( |
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At 30 April 2019 |
- |
- |
- |
- |
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Depreciation |
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At 1 May 2018 |
- |
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Eliminated on disposal |
- |
( |
( |
( |
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At 30 April 2019 |
- |
- |
- |
- |
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Carrying amount |
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At 30 April 2019 |
- |
- |
- |
- |
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At 30 April 2018 |
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Total |
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Cost or valuation |
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At 1 May 2018 |
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Disposals |
( |
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At 30 April 2019 |
- |
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Depreciation |
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At 1 May 2018 |
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Eliminated on disposal |
( |
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At 30 April 2019 |
- |
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Carrying amount |
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At 30 April 2019 |
- |
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At 30 April 2018 |
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Included within the net book value of land and buildings above is £Nil (2018 - £45,000) in respect of freehold land and buildings.
Page 6 |
Braintree H C Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
Revaluation
The fair value of the company's Freehold Land was revalued on an open market basis on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2018 - £
Investments |
2019 |
2018 |
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Investments in subsidiaries |
- |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 May 2018 |
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Disposals |
( |
At 30 April 2019 |
- |
Provision |
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Carrying amount |
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At 30 April 2019 |
- |
At 30 April 2018 |
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Debtors |
Note |
2019 |
2018 |
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Trade debtors |
- |
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Amounts owed by group undertakings |
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- |
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Other debtors |
- |
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Total current trade and other debtors |
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Page 7 |
Braintree H C Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Other creditors |
- |
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Due after one year |
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Deferred income |
- |
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Other non-current financial liabilities |
- |
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- |
97,968 |
Creditors: amounts falling due after more than one year
2019 |
2018 |
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Due after one year |
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Deferred income |
- |
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Other non-current financial liabilities |
- |
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- |
97,968 |
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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9 |
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9 |
Related party transactions |
Summary of transactions with parent
Page 8 |