Headingley North-South Stand Limited - Accounts to registrar (filleted) - small 18.2

Headingley North-South Stand Limited - Accounts to registrar (filleted) - small 18.2

HEADINGLEY NORTH-SOUTH STAND LIMITED - Company Information

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REGISTERED NUMBER: 10747361 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

HEADINGLEY NORTH-SOUTH STAND LIMITED
HEADINGLEY NORTH-SOUTH STAND LIMITED (REGISTERED NUMBER: 10747361)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEADINGLEY NORTH-SOUTH STAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2021







DIRECTORS: P A Bullers
P Caddick
A M Dawson
P A Hudson
R B Oates





SECRETARY: P A Bullers





REGISTERED OFFICE: Headingley Stadium
St. Michaels Lane
Leeds
LS6 3BR





REGISTERED NUMBER: 10747361 (England and Wales)





AUDITORS: Sedulo Audit Limited
Statutory Auditors
Regency Court
62-66 Deansgate
Manchester
M3 2EN
Page 1
HEADINGLEY NORTH-SOUTH STAND LIMITED (REGISTERED NUMBER: 10747361)

BALANCE SHEET
31 OCTOBER 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 13,200 643,182
Cash at bank 37,356 40,238
50,556 683,420
CREDITORS
Amounts falling due within one year 6 48,596 682,583
NET CURRENT ASSETS 1,960 837
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,962
839

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,862 739
1,962 839

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 20 July 2022 and were signed on its behalf by:





P A Bullers - Director


The notes form part of these financial statements

Page 2
HEADINGLEY NORTH-SOUTH STAND LIMITED (REGISTERED NUMBER: 10747361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021


1. STATUTORY INFORMATION

Headingley North-South Stand Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The presentation currency of the financial statements in the Pound Sterling (£).

At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Headingley North-South Stand 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.

Significant judgements and estimates
These financial statements directors have made the following judgements:

Determine whether leases entered into by the company even as a lessee are operating or finance leases. These decisions depend on an assessment of whether risk and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include that economic viability and expected future financial performance of the asset and where it is a component of a larger cash - generating unit, the viability and expected feature performance of that unit.

The directors do not believe there are any other key sources of estimation uncertainties

Turnover
Revenue is measured as the fair value of the consideration received or receivable for services provided, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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HEADINGLEY NORTH-SOUTH STAND LIMITED (REGISTERED NUMBER: 10747361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2020
and 31 October 2021 2
NET BOOK VALUE
At 31 October 2021 2
At 31 October 2020 2

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

Headingley North-South Stand (Rugby) Limited
Registered office: Emerald Headingley Stadium, St Michaels Lane, Leeds, England, LS6 BR
Nature of business: Rugby stadium stand operation
%
Class of shares: holding
Ordinary 100.00

Headingley North-South Stand (Cricket) Limited
Registered office: Emerald Headingley Stadium, St Michaels Lane, Leeds, England, LS6 BR
Nature of business: Cricket Stadium stand operation
%
Class of shares: holding
Ordinary 100.00

Page 4 continued...
HEADINGLEY NORTH-SOUTH STAND LIMITED (REGISTERED NUMBER: 10747361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Amounts recoverable on contract 10,000 639,982
Other debtors 3,200 3,200
13,200 643,182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Amounts owed to group undertakings 2 2
Taxation and social security 1,501 1,872
Other creditors 47,093 680,709
48,596 682,583

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Stansfield (Senior Statutory Auditor)
Sedulo Audit Limited Sedulo Audit Limited

8. RELATED PARTY DISCLOSURES

The company is a joint venture between Leeds Cricket, Football and Athletic Company Limited and Yorkshire County Cricket Club Limited. Caddick Construction Limited is a related company through common ownership.

Included in amounts owed to related party undertakings is an amount due to Caddick Construction Limited of £10,000 (2020:- £671,709).

During the year the company made sales of £5,433 (2020: £85,858) to Leeds Cricket & Athletic Company Limited.

9. ULTIMATE CONTROLLING PARTY

The company is a joint venture between Leeds Cricket Football and Athletic Company Limited and Yorkshire County Cricket Club Limited.

Leeds Cricket, Football and Athletic Company Limited holds 100% of the A ordinary shares and Yorkshire County Cricket Club holds 100% of the B ordinary shares, each representing 50% of the nominal value of total shares.

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