Harrogate Flower Show Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02485663 (England and Wales)

HARROGATE FLOWER SHOW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S H Smith

Mrs C J Bayliss

D Matthewman

SECRETARY:

Mrs J Robinson

REGISTERED OFFICE:

6 The Stables

Newby Hall

Ripon

HG4 5AE

REGISTERED NUMBER:

02485663 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

BANKERS:

National Westminster Bank Plc

3 Cambridge Crescent

Harrogate

North Yorkshire

HG1 1PE

FIXED ASSETS

Tangible assets

4

1,250

2,016

CURRENT ASSETS

Stocks

-

2,940

Debtors

5

108,862

18,998

Cash at bank

106,187

63,153

215,049

85,091

CREDITORS

Amounts falling due within one year

6

419,210

170,736

NET CURRENT LIABILITIES

(204,161

)

(85,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(202,911

)

(83,629

)

CREDITORS

Amounts falling due after more than one year

7

166,667

215,300

NET LIABILITIES

(369,578

)

(298,929

)

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

(369,582

)

(298,933

)

SHAREHOLDERS' FUNDS

(369,578

)

(298,929

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 9 March 2022 and were signed on its behalf by:

C S H Smith - Director

Mrs C J Bayliss - Director

1.	STATUTORY INFORMATION

Harrogate Flower Show 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.

These accounts have been prepared on a going concern basis, despite net current liabilities at the balance sheet date. The directors have confirmed continued support from the parent entity and consider the company retains sufficient working capital to continue trading for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services together with show admission receipts, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

12.5% to 20% on cost

Website development

-

25% on cost

Fixtures and fittings

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Website

and

leasehold

development

fittings

Totals

£

£

£

£

COST

At 1 January 2021

and 31 December 2021

125,999

6,205

6,246

138,450

DEPRECIATION

At 1 January 2021

125,999

6,205

4,230

136,434

Charge for year

-

-

766

766

At 31 December 2021

125,999

6,205

4,996

137,200

NET BOOK VALUE

At 31 December 2021

-

-

1,250

1,250

At 31 December 2020

-

-

2,016

2,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Prepayments and accrued income

108,862

18,998

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

50,000

34,700

Trade creditors

63,071

683

Social security and other taxes

721

18,210

Amounts due to group undertaking

118,737

44,337

Accrued expenses and deferred income

186,681

72,806

419,210

170,736

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

50,000

52,050

Bank loans - 2-5 years

116,667

156,150

Bank loans more 5 yr by instal

-

7,100

166,667

215,300

2021

2020

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,100

The loan is a Coronavirus Business Interruption Loan. This carries a government guarantee for £200,000. The balance is unsecured.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

143,102

222,571

Between one and five years

185,760

71,020

328,862

293,591

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

4

Ordinary shares

£1

4

4

10.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is North of England Horticultural Society. The registered office and principal place of business is 6 The Stables, Newby Hall, Ripon, HG4 5AE.