Blackheath Cricket Football And Lawn Tennis Company Limited - Period Ending 2022-09-30
Blackheath Cricket Football And Lawn Tennis Company Limited - Period Ending 2022-09-30
Registration number:
Blackheath Cricket Football And Lawn Tennis Company Limited
for the Year Ended 30 September 2022
Blackheath Cricket Football And Lawn Tennis Company Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Blackheath Cricket Football And Lawn Tennis Company Limited
Company Information
Directors |
M Allen K S Bonsels K R Clark A P Coppinger D P Deal D Dowling D V Gaines V Kandampully M Ktenas P S Matthews R M O'Sullivan P T Roberts D Ryan Dr A B R Thompson R Ward |
Registered office |
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Accountants |
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Blackheath Cricket Football And Lawn Tennis Company Limited
(Registration number: 00021418)
Balance Sheet as at 30 September 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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|
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Capital and reserves |
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Called up share capital |
6,978 |
6,978 |
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Share premium reserve |
93,342 |
93,342 |
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Revaluation reserve |
157,869 |
157,869 |
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Retained earnings |
203,692 |
217,028 |
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Shareholders' funds |
461,881 |
475,217 |
For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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.
Blackheath Cricket Football And Lawn Tennis Company Limited
(Registration number: 00021418)
Balance Sheet as at 30 September 2022
Approved and authorised by the
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Blackheath Cricket Football And Lawn Tennis Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
The company registration number is 00021418
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Blackheath Cricket Football And Lawn Tennis Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Tangible assets
Tangible assets are stated in the balance sheet 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 |
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 debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
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.
Blackheath Cricket Football And Lawn Tennis Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Blackheath Cricket Football And Lawn Tennis Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 October 2021 |
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- |
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Additions |
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At 30 September 2022 |
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Depreciation |
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At 1 October 2021 |
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- |
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Charge for the year |
- |
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At 30 September 2022 |
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Carrying amount |
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At 30 September 2022 |
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At 30 September 2021 |
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- |
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Debtors |
Current |
2022 |
2021 |
Trade debtors |
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- |
Other debtors |
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- |
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- |
Blackheath Cricket Football And Lawn Tennis Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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- |
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Accruals and deferred income |
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- |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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6,978 |
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6,978 |
Blackheath Cricket Football And Lawn Tennis Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Loans and borrowings |
2022 |
2021 |
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Non-current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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- |
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2022 |
2021 |
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Current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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- |
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Bank borrowings
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Other borrowings
The Gym Loan is denominated in Sterling with a nominal interest rate of 0%, and the final instalment is due on 30 April 2029. The carrying amount at year end is £98,750 (2021 - £Nil). |
Related party transactions |
Summary of transactions with other related parties
Included within Other creditors is £221,419 (2021: £225,304) owed to Blackheath Sports Club. These amounts are unsecured, interest free and repayable on demand.
Rectory Fields Pavilion Club
A club controlled by the directors.
Included within Other Creditors is £43,947 (2021: £nil) owed to Rectory Fields Pavilion Club. These amounts are unseured, interest free and reapyable on demand.