Fareham & Crofton Cricket Club Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09257035 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2022

FOR

FAREHAM & CROFTON CRICKET CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Stubbs

M Townson

Mrs R White

REGISTERED OFFICE:

Bath Lane Recreation Ground

Lower Bath Lane

Fareham

Hampshire

PO16 0DH

REGISTERED NUMBER:

09257035 (England and Wales)

ACCOUNTANTS:

Compass Accountants Limited

Chartered Accountants

Venture House

The Tanneries

East Street

Titchfield

Hampshire

PO14 4AR

BANKERS:

Natwest Bank PLC

52 West Street

Fareham

Hampshire

PO16 0JX

FIXED ASSETS

Tangible assets

4

10,496

13,121

CURRENT ASSETS

Stocks

1,175

1,165

Cash at bank

42,594

41,495

43,769

42,660

CREDITORS

Amounts falling due within one year

5

840

822

NET CURRENT ASSETS

42,929

41,838

TOTAL ASSETS LESS CURRENT LIABILITIES

53,425

54,959

RESERVES

Income and expenditure account

53,425

54,959

MEMBERS' FUNDS

53,425

54,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2023 and were signed on its behalf by:

Mrs R White - Director

1.	STATUTORY INFORMATION

Fareham & Crofton Cricket Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Turnover

Turnover presents monies received from match fees, bar sales and other activities.

Tangible fixed assets

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

Fixtures and fittings

-

20% 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.

Basic financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st November 2021

and 31st October 2022

37,225

DEPRECIATION

At 1st November 2021

24,104

Charge for year

2,625

At 31st October 2022

26,729

NET BOOK VALUE

At 31st October 2022

10,496

At 31st October 2021

13,121

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

840

822

6.	LIMITED BY GUARANTEE

The company is limited by guarantee.