Wadsley House Social Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00158077 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2018

FOR

WADSLEY HOUSE SOCIAL CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Law

R B Woodcock

D K Putland

M Royles

SECRETARY:

R B Woodcock

REGISTERED OFFICE:

Wadsley House

The Drive

Marlcliffe Road

Sheffield

S6 4AL

REGISTERED NUMBER:

00158077 (England and Wales)

ACCOUNTANTS:

Bryan Grey & Co

Broadfield House

18 Broadfield Road

Sheffield

S8 0XJ

FIXED ASSETS

Tangible assets

4

144,313

144,596

CURRENT ASSETS

Stocks

4,029

4,520

Cash at bank and in hand

2,361

2,825

6,390

7,345

CREDITORS

Amounts falling due within one year

5

21,476

19,227

NET CURRENT LIABILITIES

(15,086

)

(11,882

)

TOTAL ASSETS LESS CURRENT LIABILITIES

129,227

132,714

CAPITAL AND RESERVES

Called up share capital

1,960

2,060

Retained earnings

127,267

130,654

SHAREHOLDERS' FUNDS

129,227

132,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27th March 2019 and were signed on its behalf by:

R B Woodcock - Director

D Law - Director

D K Putland - Director

1.	STATUTORY INFORMATION

Wadsley House Social Club 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the sales made and income receivable during the year stated net of value added tax, other

than subscriptions which are accounted for on a receipts basis.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures, fittings and equipment

-

15% on reducing balance

Crockery, cutlery and linen

-

25% on reducing balance

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Crockery,

Freehold

Property

and

cutlery

property

improvements

equipment

and linen

Totals

£

£

£

£

£

COST

At 1st October 2017

1,524

137,817

49,100

2,217

190,658

Additions

-

-

595

-

595

At 30th September 2018

1,524

137,817

49,695

2,217

191,253

DEPRECIATION

At 1st October 2017

-

-

43,847

2,215

46,062

Charge for year

-

-

877

1

878

At 30th September 2018

-

-

44,724

2,216

46,940

NET BOOK VALUE

At 30th September 2018

1,524

137,817

4,971

1

144,313

At 30th September 2017

1,524

137,817

5,253

2

144,596

In the opinion of the directors the value of the company's freehold land and buildings is materially in excess of

the book value shown in the accounts but, in the absence of a professional valuation and the segregation of the

buildings and site values, are unable to state the amount of such excess. The buildings are insured for a

reinstatement value of £1,331,269 at 30th September 2018 (2017 - £1,331,269).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

1,528

Trade creditors

5,286

7,841

Taxation and social security

72

33

VAT

779

842

Other creditors

512

432

Retiring members' share account

6,355

6,125

Directors' current accounts

5,000

-

Accruals

3,472

2,426

21,476

19,227

The retiring members' shares account consists of those shares owned by members who, as prescribed in the

company's Articles of Association, are no longer entitled to hold shares. In such cases, the company holds the

sums due in trust for the retiring members or their representatives.

6.	RELATED PARTY DISCLOSURES

The company has a loan from a director, Mr D Law, of £5,000 (2017 - Nil) outstanding at the year end.