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 Financial Statements |
Braintree H C Limited
Company Information
Chairman |
C R Card |
Directors |
M B Hanley K R Welsh D Summersgill A J Hill C R Card |
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 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Investments |
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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 2018 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 2018
Approved and authorised by the
C R Card
Chairman
Page 3 |
Braintree H C Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.
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 |
Page 4 |
Braintree H C Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
Equipment |
25% reducing balance |
Synthetic Playing Surface (including floodlights) |
10% straight line |
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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
Page 5 |
Braintree H C Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
Tangible assets |
Freehold Land |
Clubhouse and Changing Rooms |
Synthetic Playing surface (including floodlights) |
Equipment |
Total |
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Cost or valuation |
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At 1 May 2017 |
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At 30 April 2018 |
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Depreciation |
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At 1 May 2017 |
- |
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Charge for the year |
- |
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At 30 April 2018 |
- |
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Carrying amount |
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At 30 April 2018 |
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At 30 April 2017 |
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Included within the net book value of land and buildings above is £45,000 (2017 - £45,000) in respect of freehold land and buildings.
Page 6 |
Braintree H C Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
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 (2017 - £
Investments |
2018 |
2017 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 May 2017 |
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Provision |
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Carrying amount |
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At 30 April 2018 |
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At 30 April 2017 |
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Page 7 |
Braintree H C Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2018 |
2017 |
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Subsidiary undertakings |
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10 Beatty Gardens, Braintree, Essex CM7 9TA |
Ordinary Shares |
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England and Wales |
Dunmow Hockey Club Limited was dormant for the financial year ended 31 March 2018. The Company has subsequently been dissolved.
The profit for the financial year of Dunmow Hockey Club Limited was £nil and the aggregate amount of capital and reserves at the end of the year was £49,242.
Debtors |
2018 |
2017 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2018 |
2017 |
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Due within one year |
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Social security and other taxes |
- |
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Other creditors |
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Due after one year |
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Loans and borrowings |
- |
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Deferred income |
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Other non-current financial liabilities |
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97,968 |
113,782 |
Page 8 |
Braintree H C Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
Creditors: amounts falling due after more than one year
Note |
2018 |
2017 |
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Due after one year |
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Loans and borrowings |
- |
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Deferred income |
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Other non-current financial liabilities |
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97,968 |
113,782 |
Share capital |
Allotted, called up and fully paid shares
2018 |
2017 |
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No. |
£ |
No. |
£ |
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9 |
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9 |
Loans and borrowings |
2018 |
2017 |
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Non-current loans and borrowings |
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Other borrowings |
- |
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Page 9 |