North Petherton Bowling Club Ltd 30/09/2021 iXBRL

North Petherton Bowling Club Ltd 30/09/2021 iXBRL

NORTH PETHERTON BOWLING CLUB LIMITED - Company Information

Print Friendly Version

0 30/09/2021 2021-09-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-10-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 04357877 2020-10-01 2021-09-30 04357877 2021-09-30 04357877 2020-09-30 04357877 2020-09-30 04357877 core:FurnitureFittingsToolsEquipment 2020-10-01 2021-09-30 04357877 bus:RegisteredOffice 2020-10-01 2021-09-30 04357877 bus:LeadAgentIfApplicable 2020-10-01 2021-09-30 04357877 bus:Director1 2020-10-01 2021-09-30 04357877 bus:Director2 2020-10-01 2021-09-30 04357877 bus:Director3 2020-10-01 2021-09-30 04357877 bus:Director4 2020-10-01 2021-09-30 04357877 bus:Director5 2020-10-01 2021-09-30 04357877 bus:Director6 2020-10-01 2021-09-30 04357877 bus:Director7 2020-10-01 2021-09-30 04357877 bus:Director8 2020-10-01 2021-09-30 04357877 bus:CompanySecretary1 2020-10-01 2021-09-30 04357877 core:LandBuildings core:OwnedOrFreeholdAssets 2020-09-30 04357877 core:FurnitureFittingsToolsEquipment 2020-09-30 04357877 core:LandBuildings core:OwnedOrFreeholdAssets 2021-09-30 04357877 core:FurnitureFittingsToolsEquipment 2021-09-30 04357877 core:WithinOneYear 2021-09-30 04357877 core:WithinOneYear 2020-09-30 04357877 core:RetainedEarningsAccumulatedLosses 2021-09-30 04357877 core:RetainedEarningsAccumulatedLosses 2020-09-30 04357877 core:LandBuildings core:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 04357877 core:LandBuildings core:OwnedOrFreeholdAssets 2020-09-30 04357877 core:FurnitureFittingsToolsEquipment 2020-09-30 04357877 bus:SmallEntities 2020-10-01 2021-09-30 04357877 bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 04357877 bus:FullAccounts 2020-10-01 2021-09-30 04357877 bus:SmallCompaniesRegimeForAccounts 2020-10-01 2021-09-30 04357877 bus:CompanyLimitedByGuarantee 2020-10-01 2021-09-30 04357877 core:OtherCapitalReserve 2021-09-30 04357877 core:OtherCapitalReserve 2020-09-30
Company registration number: 04357877
North Petherton Bowling Club Ltd
Company limited by guarantee
Unaudited filleted financial statements
30 September 2021
North Petherton Bowling Club Ltd
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
North Petherton Bowling Club Ltd
Company limited by guarantee
Directors and other information
Directors Mr Michael Pyne
Mr Peter Douglas Walker
Mr David Thomas
Mr John Hardy Swayne
Mr Michael John Glendinning
Mrs Eileen June Milton
Mr Terence Donald Pope
Mr Frank Davis
Secretary John Hardy Swayne
Company number 04357877
Registered office Manor Cottage Huntworth Lane
Huntworth
Bridgwater
Somerset
TA7 0AH
Accountants Michael J Dodden & Co
34 North Street
Bridgwater
Somerset
TA6 3YD
North Petherton Bowling Club Ltd
Company limited by guarantee
Report to the board of directors on the preparation of the
unaudited statutory financial statements of North Petherton Bowling Club Ltd
Year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North Petherton Bowling Club Ltd for the year ended 30 September 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of North Petherton Bowling Club Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of North Petherton Bowling Club Ltd and state those matters that we have agreed to state to the board of directors of North Petherton Bowling Club Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North Petherton Bowling Club Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that North Petherton Bowling Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Petherton Bowling Club Ltd. You consider that North Petherton Bowling Club Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of North Petherton Bowling Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Michael J Dodden & Co
Chartered Certified Accountants
34 North Street
Bridgwater
Somerset
TA6 3YD
North Petherton Bowling Club Ltd
Company limited by guarantee
Statement of financial position
30 September 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 5 402,859 406,462
_______ _______
402,859 406,462
Current assets
Stocks 2,780 3,000
Investments 6 65,324 60,208
Cash at bank and in hand 37,830 31,809
_______ _______
105,934 95,017
Creditors: amounts falling due
within one year 7 ( 756) ( 756)
_______ _______
Net current assets 105,178 94,261
_______ _______
Total assets less current liabilities 508,037 500,723
_______ _______
Net assets 508,037 500,723
_______ _______
Capital and reserves
User defined reserve 1 366,303 366,303
Profit and loss account 141,734 134,420
_______ _______
Members funds 508,037 500,723
_______ _______
For the year ending 30 September 2021 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2021 , and are signed on behalf of the board by:
Mr Peter Douglas Walker
Director
Company registration number: 04357877
North Petherton Bowling Club Ltd
Company limited by guarantee
Notes to the financial statements
Year ended 30 September 2021
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Manor Cottage Huntworth Lane, Huntworth, Bridgwater, Somerset, TA7 0AH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents income generated in respect of the clubs normal activities.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Limited by guarantee
The company is limited by guarantee.
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 October 2020 366,303 89,281 455,584
Additions 695 2,033 2,728
_______ _______ _______
At 30 September 2021 366,998 91,314 458,312
_______ _______ _______
Depreciation
At 1 October 2020 - 49,122 49,122
Charge for the year - 6,331 6,331
_______ _______ _______
At 30 September 2021 - 55,453 55,453
_______ _______ _______
Carrying amount
At 30 September 2021 366,998 35,861 402,859
_______ _______ _______
At 30 September 2020 366,303 40,159 406,462
_______ _______ _______
6. Investments
2021 2020
£ £
Other investments 65,324 60,208
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Other creditors 756 756
_______ _______