Tamworth Cricket, Hockey & Squash Club - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08285829 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TAMWORTH CRICKET, HOCKEY & SQUASH CLUB

LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Nield

C E A Phillips

P J Gedge

REGISTERED OFFICE:

Suite 2 Rosehill

165 Lutterworth Road

Blaby

Leicestershire

LE8 4DY

REGISTERED NUMBER:

08285829 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

485,373

492,325

Investments

5

10

10

485,383

492,335

CURRENT ASSETS

Debtors

6

28,572

27,887

Cash at bank and in hand

62,468

58,972

91,040

86,859

CREDITORS

Amounts falling due within one year

7

21,136

20,589

NET CURRENT ASSETS

69,904

66,270

TOTAL ASSETS LESS CURRENT LIABILITIES

555,287

558,605

CREDITORS

Amounts falling due after more than one year

8

25,000

27,500

NET ASSETS

530,287

531,105

RESERVES

Capital contribution reserve

9

461,701

461,701

Income and expenditure account

9

68,586

69,404

MEMBERS' FUNDS

530,287

531,105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:

C E A Phillips - Director

1.	STATUTORY INFORMATION

Tamworth Cricket, Hockey & Squash Club Ltd 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.

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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents income received, net of Value Added Tax, in respect of subscriptions and match donations, other donations and gift aid, bar takings and other miscellaneous income and is recognised on an accruals basis or as received as applicable.

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

-

20% on cost and 2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.

EMPLOYEES

The average number of employees during the year was 3 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2022

520,291

51,734

22,814

594,839

Additions

-

571

9,245

9,816

At 31 March 2023

520,291

52,305

32,059

604,655

DEPRECIATION

At 1 April 2022

55,920

34,488

12,106

102,514

Charge for year

6,592

7,355

2,821

16,768

At 31 March 2023

62,512

41,843

14,927

119,282

NET BOOK VALUE

At 31 March 2023

457,779

10,462

17,132

485,373

At 31 March 2022

464,371

17,246

10,708

492,325

Included in cost of land and buildings is freehold land of £ 200,000 (2022 - £ 200,000 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

10

NET BOOK VALUE

At 31 March 2023

10

At 31 March 2022

10

The £10 investment represents 100% of the share capital in TCHC Trading Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

18,000

18,000

Amounts owed by group undertakings

1,650

405

Other debtors

8,922

9,482

28,572

27,887

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

14,384

9,791

Other creditors

6,752

10,798

21,136

20,589

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other creditors

25,000

27,500

9.

RESERVES

Income

and

Capital

expenditure

contribution

account

reserve

Totals

£

£

£

At 1 April 2022

69,404

461,701

531,105

Deficit for the year

(818

)

-

(818

)

At 31 March 2023

68,586

461,701

530,287