REGISTERED NUMBER: 00048111 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2023

for

Almondbury Liberal Club Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Sharpe

A Gregory

A S Broughton

S Maude

SECRETARY:

D A Stephenson

REGISTERED OFFICE:

4 Thorpe Lane

Almondbury

Huddersfield

West Yorkshire

HD5 8TA

REGISTERED NUMBER:

00048111 (England and Wales)

FIXED ASSETS

Investment property

4

800,000

800,000

CURRENT ASSETS

Debtors

5

20,877

20,690

Cash at bank and in hand

220,712

249,924

241,589

270,614

CREDITORS

Amounts falling due within one year

6

4,383

4,434

NET CURRENT ASSETS

237,206

266,180

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,206

1,066,180

CREDITORS

Amounts falling due after more than one year

7

(912

)

(912

)

PROVISIONS FOR LIABILITIES

(151,812

)

(151,812

)

NET ASSETS

884,482

913,456

CAPITAL AND RESERVES

Called up share capital

8

150

150

Non-distributable reserve

663,180

663,180

Retained earnings

221,152

250,126

SHAREHOLDERS' FUNDS

884,482

913,456

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 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 4th October 2023 and were signed on its behalf by:

S Maude - Director

A S Broughton - Director

1.	STATUTORY INFORMATION

Almondbury Liberal Club Co Ltd 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.	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 as modified by the revaluation of certain assets.

Rental income

Rental income represents rents receivable during the financial year.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Any aggregate surplus or deficit arising from changes in fair value is transferred to a non - distributable reserve.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2022

and 30th April 2023

800,000

NET BOOK VALUE

At 30th April 2023

800,000

At 30th April 2022

800,000

Fair value at 30th April 2023 is represented by:

£

Valuation in 2023

800,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.23

30.4.22

£

£

Cost

988

988

Investment properties were valued on an open market basis on 30th April 2023 by the directors .

5.

DEBTORS

30.4.23

30.4.22

£

£

Amounts falling due within one year:

Trade debtors

389

202

Amounts falling due after more than one year:

Other debtors

20,488

20,488

Aggregate amounts

20,877

20,690

Amounts falling due after more than one year

During the year ended 30 April 2006 the directors of the company advanced to the Trustees (as the same individuals) of the Almondbury Liberal Club a sum of £33,688. The loan is interest free and unsecured. Repayment of the loan is by way of yearly instalments equivalent to 50% of the Almondbury Liberal Club's previous year's surplus, the first payment was to be made on the first day of June 2006, and then annually thereafter.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Corporation tax

3,551

3,624

Accrued expenses

832

810

4,383

4,434

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

2.45% Preference shares

912

912

Amounts falling due in more than five years:

Repayable otherwise than by instalments

2.45% Preference shares

912

912

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.23

30.4.22

value:

£

£

150

Ordinary

£1

150

150

9.	RELATED PARTY DISCLOSURES

The directors of the company are also the Trustees for the Almondbury Liberal Club, and Almondbury Liberal Club is the ultimate owner of the whole of the issued share capital of the company.