The Blackheath Cricket Football And Lawn Tennis Company Limited - Period Ending 2020-09-30

The Blackheath Cricket Football And Lawn Tennis Company Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

The Blackheath Cricket Football And Lawn Tennis Company Limited

Company Information

Directors

M Allen Dr F H Berkshire M J Bohndiek K R Clark D V Gaines N R Harris I S Macleod P S Matthews R M O'Sullivan R Papworth-Smith S O F Pennant P T Roberts J P Taylor Dr A B R Thompson R Ward

Registered office

The Rectory Field Lizban Street London SE3 8SR

Accountants

KRW Accountants Ltd The Mill Pury Hill Business Park Alderton Road Towcester NN12 7LS

The Blackheath Cricket Football And Lawn Tennis Company Limited

(Registration number: 00021418)
Balance Sheet as at 30 September 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	493,537	493,537
Current assets
Cash at bank and in hand		211,445	58,536
Creditors: Amounts falling due within one year	6	(195,682)	(76,856)
Net current assets/(liabilities)		15,763	(18,320)
Total assets less current liabilities		509,300	475,217
Creditors: Amounts falling due after more than one year	6	(34,083)	-
Net assets		475,217	475,217
Capital and reserves
Called up share capital		6,978	6,978
Share premium reserve		93,342	93,342
Revaluation reserve		157,869	157,869
Profit and loss account		217,028	217,028
Shareholders' funds		475,217	475,217

For the financial year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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.

The Blackheath Cricket Football And Lawn Tennis Company Limited

(Registration number: 00021418)
Balance Sheet as at 30 September 2020

Approved and authorised by the Board on 15 June 2021 and signed on its behalf by:
 

.........................................

R Papworth-Smith
Director

.........................................

J P Taylor
Director

The Blackheath Cricket Football And Lawn Tennis Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Rectory Field
Lizban Street
London
SE3 8SR
England

These financial statements were authorised for issue by the Board on 15 June 2021.

The company registration number is 00021418

2	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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as the Blackheath Sports Club has confirmed its financial support for the foreseeable future.

Tangible assets

Tangible assets is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land & buildings	None charged
Improvements to property	None charged

The Blackheath Cricket Football And Lawn Tennis Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

No depreciation is provided in respect of Freehold property. This represents a departure from the Companies Act 2006 requirments concerning the depreciation of fixed assets. The directors consider depreciation is immaterial in view of the life of the assets and that the adoption of this policy is necessary to give a true and fair view.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2019 - 1).

The Blackheath Cricket Football And Lawn Tennis Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

4	Tangible assets

	Total £
Cost or valuation
At 1 October 2019	497,239
At 30 September 2020	497,239
Depreciation
At 1 October 2019	3,702
At 30 September 2020	3,702
Carrying amount
At 30 September 2020	493,537
At 30 September 2019	493,537

Included in cost of land and buildings is freehold land of £268,533 (2017: £268,533) which is not depreciated. In the opinion of the directors the value of the freehold land and buildings is at least equal to the value stated.

5

Debtors

	2020 £	2019 £
	-	-

The Blackheath Cricket Football And Lawn Tennis Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

6

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and borrowings	8	1,917	-
Other creditors		193,765	76,856
		195,682	76,856

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings	8	34,083	-

The Blackheath Cricket Football And Lawn Tennis Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

7	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary of £1 each	6,978	6,978	6,978	6,978

8	Loans and borrowings

	2020 £	2019 £
Non-current loans and borrowings
Bank borrowings	34,083	-

	2020 £	2019 £
Current loans and borrowings
Bank borrowings	1,917	-

Bank borrowings

Bounce Back Loan is denominated in Sterling with a nominal interest rate of 2.5 %, and the final instalment is due on 3 July 2026. The carrying amount at year end is £36,000 (2019 - £Nil).

9	Related party transactions

Summary of transactions with other related parties

Blackheath Sports Club
 The directors are the same.
 Included within Other creditors is £193,765 (2019: £76,856) owed to Blackheath Sports Club. These creditors are unsecured, interest free and repayable on demand.