BOREHAMWOOD MEN'S CLUB (1935) LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00299954 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

BOREHAMWOOD MEN'S CLUB (1935) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Sproat

J M Parkins

D S Arnold

M J Ballard

Miss J Brennan

SECRETARY:

R Sproat

REGISTERED OFFICE:

35 Theobald Street

Borehamwood

Hertfordshire

WD6 4RN

REGISTERED NUMBER:

00299954 (England and Wales)

ACCOUNTANTS:

LYALL YOUNGMAN

2 Place Farm

Wheathampstead

St Albans

Hertfordshire

AL4 8SB

FIXED ASSETS

Tangible assets

5

23,925

27,464

CURRENT ASSETS

Stocks

6

8,509

5,953

Cash at bank and in hand

26,847

28,718

35,356

34,671

CREDITORS

Amounts falling due within one year

7

12,204

8,897

NET CURRENT ASSETS

23,152

25,774

TOTAL ASSETS LESS CURRENT LIABILITIES

47,077

53,238

CREDITORS

Amounts falling due after more than one year

8

10,000

10,000

NET ASSETS

37,077

43,238

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

36,077

42,238

SHAREHOLDERS' FUNDS

37,077

43,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:

R Sproat - Director

J M Parkins - Director

1.	STATUTORY INFORMATION

BOREHAMWOOD MEN'S CLUB (1935) 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Bar equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Bar

and

property

equipment

fittings

£

£

£

COST

At 1 June 2022

and 31 May 2023

13,548

5,629

84,911

DEPRECIATION

At 1 June 2022

-

3,297

77,502

Charge for year

-

640

1,854

At 31 May 2023

-

3,937

79,356

NET BOOK VALUE

At 31 May 2023

13,548

1,692

5,555

At 31 May 2022

13,548

2,332

7,409

General

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 June 2022

and 31 May 2023

5,566

782

110,436

DEPRECIATION

At 1 June 2022

1,392

781

82,972

Charge for year

1,045

-

3,539

At 31 May 2023

2,437

781

86,511

NET BOOK VALUE

At 31 May 2023

3,129

1

23,925

At 31 May 2022

4,174

1

27,464

6.

STOCKS

2023

2022

£

£

Stocks

8,509

5,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

3,900

1,050

Social security and other taxes

389

-

VAT

4,155

4,061

Pension Control

127

-

Subscriptions in advance

1,808

2,036

Accrued expenses

1,825

1,750

12,204

8,897

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other loans - 2-5 years

10,000

10,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2,000

Ordinary

50p

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 June 2022

42,238

Deficit for the year

(6,161

)

At 31 May 2023

36,077

11.	CONTINGENT LIABILITIES

At the balance sheet date there were no known contingent liabilities

12.	ULTIMATE CONTROLLING PARTY

There is no controlling party.