13 false false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06721404 2022-02-01 2023-01-31 06721404 2023-01-31 06721404 2022-01-31 06721404 2021-02-01 2022-01-31 06721404 2022-01-31 06721404 2021-01-31 06721404 core:FurnitureFittings 2022-02-01 2023-01-31 06721404 bus:Director1 2022-02-01 2023-01-31 06721404 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 06721404 core:FurnitureFittings 2022-01-31 06721404 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 06721404 core:FurnitureFittings 2023-01-31 06721404 core:WithinOneYear 2023-01-31 06721404 core:WithinOneYear 2022-01-31 06721404 core:RetainedEarningsAccumulatedLosses 2023-01-31 06721404 core:RetainedEarningsAccumulatedLosses 2022-01-31 06721404 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 06721404 core:FurnitureFittings 2022-01-31 06721404 bus:SmallEntities 2022-02-01 2023-01-31 06721404 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 06721404 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 06721404 bus:CompanyLimitedByGuarantee 2022-02-01 2023-01-31 06721404 bus:FullAccounts 2022-02-01 2023-01-31 06721404 core:PlantMachinery 2022-02-01 2023-01-31 06721404 core:PlantMachinery 2022-01-31 06721404 core:PlantMachinery 2023-01-31
COMPANY REGISTRATION NUMBER: 06721404
Ritz Social Club Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 January 2023
Ritz Social Club Limited
Company Limited by Guarantee
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
243,544
240,364
Current assets
Stocks
10,706
8,208
Debtors
7
4,485
4,778
Cash at bank and in hand
133,471
126,212
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
148,662
139,198
Prepayments and accrued income
4,025
2,684
Creditors: amounts falling due within one year
8
15,240
20,336
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Net current assets
137,447
121,546
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Total assets less current liabilities
380,991
361,910
Provisions
7,030
6,212
Accruals and deferred income
4,234
3,295
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Net assets
369,727
352,403
ÍÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍÍ
Ritz Social Club Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 January 2023
2023
2022
Note
£
£
Capital and reserves
Profit and loss account
369,727
352,403
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Members funds
369,727
352,403
ÍÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍÍ
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 May 2023 , and are signed on behalf of the board by:
Mr S E Lamb
Director
Company registration number: 06721404
Ritz Social Club Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
Ritz Social Club Limited is a private company, limited by guarantee, registered in England and Wales.The principal activity of the company during the year was other amusement and recreation activities not elsewhere classified. The company's registered number and registered office address can be found on the Company Information page.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,Value Added Tax and other sales taxes.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The company is limited by guarantee and therefore has no share capital. The liability of the meless upon winding up of the company is limited to £1
5. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2022: 10 ).
6. Tangible assets
Freehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 February 2022
206,541
88,224
1,481
296,246
Additions
9,248
614
9,862
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
At 31 January 2023
206,541
97,472
2,095
306,108
ÍÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍÍ
Depreciation
At 1 February 2022
54,990
892
55,882
Charge for the year
6,382
300
6,682
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
At 31 January 2023
61,372
1,192
62,564
ÍÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍÍ
Carrying amount
At 31 January 2023
206,541
36,100
903
243,544
ÍÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍÍ
At 31 January 2022
206,541
33,234
589
240,364
ÍÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍÍ
7. Debtors
2023
2022
£
£
Trade debtors
378
Other debtors
4,485
4,400
ÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄ
4,485
4,778
ÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍ
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
7,520
8,088
Corporation tax
2
Social security and other taxes
7,636
11,600
Other creditors
84
646
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
15,240
20,336
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ