RAOB CLUB GOSPORT LIMITED

Company Registration Number:
05079394 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

RAOB CLUB GOSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

RAOB CLUB GOSPORT LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 169,610 173,714
Total fixed assets: 169,610 173,714
Current assets
Stocks: 871 950
Debtors: 4 573 547
Cash at bank and in hand: 90,185 92,193
Total current assets: 91,629 93,690
Creditors: amounts falling due within one year: 5 (1,911) (2,345)
Net current assets (liabilities): 89,718 91,345
Total assets less current liabilities: 259,328 265,059
Total net assets (liabilities): 259,328 265,059
Capital and reserves
Called up share capital: 2,000 2,000
Share premium account: 199,125 199,125
Profit and loss account: 58,203 63,934
Shareholders funds: 259,328 265,059

The notes form part of these financial statements

RAOB CLUB GOSPORT LIMITED

Balance sheet statements

For the year ending 31 May 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

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

This report was approved by the board of directors on 08 October 2023
and signed on behalf of the board by:

Name: Alan Wetton
Status: Director

The notes form part of these financial statements

RAOB CLUB GOSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

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 predominantly derived from bar sales and membership income, and is measured on a receivable basis. The company is not VAT registered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold property - 2% straight line (excluding land).Improvements to property - 2% straight lineFixtures, fittings, equipment - 15% straight line.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Other accounting policies

DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price).TaxationAs the company falls within the scope of a members club or voluntary association, the profit or surplus is not subject to corporation tax.

RAOB CLUB GOSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

RAOB CLUB GOSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 244,515
At 31 May 2023 244,515
Depreciation
At 01 June 2022 70,801
Charge for year 4,104
At 31 May 2023 74,905
Net book value
At 31 May 2023 169,610
At 31 May 2022 173,714

RAOB CLUB GOSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

Other debtors - £573 (2022 - £547).

RAOB CLUB GOSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

Trade creditors - £212 (2022 - £1,145).Other creditors - £1,699 (2022 - £1,200).