BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Company Registration Number:
05922569 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 218,759 241,980
Total fixed assets: 218,759 241,980
Current assets
Stocks: 4 3,250 4,937
Cash at bank and in hand: 235 2,591
Total current assets: 3,485 7,528
Creditors: amounts falling due within one year: 5 ( 171,947 ) ( 165,625 )
Net current assets (liabilities): (168,462) (158,097)
Total assets less current liabilities: 50,297 83,883
Creditors: amounts falling due after more than one year: 6 ( 16,146 ) ( 22,396 )
Accruals and deferred income: ( 166,699 ) ( 181,384 )
Total net assets (liabilities): (132,548) (119,897)
Capital and reserves
Called up share capital: 5 5
Profit and loss account: (132,553 ) (119,902 )
Total Shareholders' funds: ( 132,548 ) (119,897)

The notes form part of these financial statements

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 September 2023
and signed on behalf of the board by:

Name: Anthony Edward Hall
Status: Director

The notes form part of these financial statements

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimateduseful life.Improvements to Property - Over the term of the LeasePlant and Machinery - 25% on reducing balanceMotor Vehicles - 25% on reducing balance

    Other accounting policies

    StocksStocks are valued at the lower of cost and net realisable value, after making due allowance forobsolete and slow moving items.TaxationTaxation 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 inequity.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 beenenacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed atthe balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periodsdifferent from those in which they are recognised in financial statements. Deferred tax is measuredusing tax rates and laws that have been enacted or substantively enacted by the year end and that areexpected 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 probablethat they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over theperiod of the lease.Grants receivedGrants were received during previous periods for the purpose of improving leasehold property. Thesegrants were recognised when the company became entitled to the funds.The grants have been treated as deferred income to be amortised over the remaining period of thelease on the property.

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 11 12

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 338,856 92,350 1,500 432,706
Additions
Disposals
Revaluations
Transfers
At 31 December 2022 338,856 92,350 1,500 432,706
Depreciation
At 1 January 2022 135,543 53,965 1,218 190,726
Charge for year 13,554 9,596 71 23,221
On disposals
Other adjustments
At 31 December 2022 149,097 63,561 1,289 213,947
Net book value
At 31 December 2022 189,759 28,789 211 218,759
At 31 December 2021 203,313 38,385 282 241,980

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 3,250 4,937
Total 3,250 4,937

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 10,183 8,257
Trade creditors 8,240 8,027
Taxation and social security 5,343 1,414
Accruals and deferred income 2,250 4,250
Other creditors 145,931 143,677
Total 171,947 165,625

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 16,146 22,396
Total 16,146 22,396

COMMUNITY INTEREST ANNUAL REPORT

BRANTHAM MANAGEMENT COMMUNITY INTEREST COMPANY

Company Number: 05922569 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

To provide community facilities for leisure and sport

Consultation with stakeholders

- The centre management and membership- The centre user groups- The directors

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 September 2023

And signed on behalf of the board by:
Name: Anthony Edward Hall
Status: Director