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Registration number: 08006290

Mattersey Rifle and Pistol Club Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2021

 

Mattersey Rifle and Pistol Club Limited

Directors' Report for the Year Ended 31 December 2021

The directors present their report and the abridged financial statements for the year ended 31 December 2021.

Directors of the company

The directors who held office during the year were as follows:

Mr Paul Stockill

Mr Clifton Morris

Mr Chris Hayward

Mr Alan Smith

Mr William Richard Graham Cooper

Mr Martin Cooper

Mr Keith Wedgewood

Mr Roger Kerry

Principal activity

The principal activity of the company is Rifle and Pistol Club

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 8 September 2022 and signed on its behalf by:
 

.........................................
Mr Chris Hayward
Director

 

Mattersey Rifle and Pistol Club Limited

(Registration number: 08006290)
Abridged Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

5

274,564

272,685

Current assets

 

Debtors

6

-

17,960

Cash at bank and in hand

 

91,982

90,702

 

91,982

108,662

Prepayments and accrued income

 

14

14

Creditors: Amounts falling due within one year

(107,983)

(107,992)

Net current (liabilities)/assets

 

(15,987)

684

Total assets less current liabilities

 

258,577

273,369

Creditors: Amounts falling due after more than one year

(29,187)

(35,405)

Net assets

 

229,390

237,964

Capital and reserves

 

Retained earnings

229,390

237,964

Shareholders' funds

 

229,390

237,964

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 8 September 2022 and signed on its behalf by:
 

 

Mattersey Rifle and Pistol Club Limited

(Registration number: 08006290)
Abridged Balance Sheet as at 31 December 2021

.........................................
Mr Chris Hayward
Director

 

Mattersey Rifle and Pistol Club Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
191 Standon Road
Wincobank
Sheffield
Yorkshire
S9 1PH
England

These financial statements were authorised for issue by the Board on 8 September 2022.

2

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 abridged 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 abridged 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.

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.

 

Mattersey Rifle and Pistol Club Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2021

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

Plant and equipment

25% reducing balance

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 0).

 

Mattersey Rifle and Pistol Club Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2021

4

Loss/profit before tax

Arrived at after charging/(crediting)

2021
£

2020
£

Depreciation expense

627

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2021

272,685

-

272,685

Additions

-

2,506

2,506

At 31 December 2021

272,685

2,506

275,191

Depreciation

Charge for the year

-

627

627

At 31 December 2021

-

627

627

Carrying amount

At 31 December 2021

272,685

1,879

274,564

At 31 December 2020

272,685

-

272,685

Included within the net book value of land and buildings above is £272,685 (2020 - £272,685) in respect of freehold land and buildings.
 

6

Debtors

Debtors includes £Nil (2020 - £Nil) due after more than one year.