EDGELEY CONSERVATIVE CLUB COMPANY LIMITED(THE)


Directors	DILLON, Lynley Jayne
	MATHER, Elizabeth Anne
	POTTS, Howard Russell
	POTTS, Kathleen
	REID, Jane
	REID, Jessica Alice


Company Secretary	REID, Jane Elizabeth


Registered Address	The Edgeley Conservative Club St. Matthews Road
	Edgeley
	Stockport
	SK3 9AN


Registered Number	00026224 (England and Wales)

Balance Sheet as at
30 September 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	6		130,090		130,134
			130,090		130,134
Current assets
Debtors	9	2,063		1,926
Cash at bank and on hand		14,441		12,287
		16,504		14,213
Creditors amounts falling due within one year	10	(2,308)		(5,325)
Net current assets (liabilities)			14,196		8,888
Total assets less current liabilities			144,286		139,022
Provisions for liabilities	11		(29,799)		(24,067)
Net assets			114,487		114,955
Capital and reserves
Called up share capital			528		528
Profit and loss account			113,959		114,427
Shareholders' funds			114,487		114,955

The company was entitled to exemption from audit for this reporting period 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 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 and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 26 October 2023, and are signed on its behalf by:

REID, Jane
Director
Registered Company No. 00026224

EDGELEY CONSERVATIVE CLUB COMPANY LIMITED(THE)

Notes to the Financial Statements
for the year ended 30 September 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	Principal activity of the company during the financial year was of property holding.

4.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. The deferred tax shown in the account is for revaluations on the fair value of the investment property. The tax rate used is the current % based on an expected gain after indexation. The base cost used was £1,130 as per the value in the 1982 accounts.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

The deferred tax shown in the account is for revaluations on the fair value of the investment property. The tax rate used is the current % based on an expected gain after indexation. The base cost used was £1,130 as per the value in the 1982 accounts.

	Going concern
	The directors consider the company to remain a going concern and the accounts have been drawn up on that basis

5.	Employee information


		2023		2022
	Average number of employees during the year	0		0

6.	Property, plant and equipment

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 October 22	130,000	239	130,239
At 30 September 23	130,000	239	130,239
Depreciation and impairment
At 01 October 22	-	105	105
Charge for year	-	44	44
At 30 September 23	-	149	149
Net book value
At 30 September 23	130,000	90	130,090
At 30 September 22	130,000	134	130,134

7.	Revaluation of property, plant and equipment
	The land and buildings were revalued by Messrs.Garner & Sons, Chartered Surveyors, on the 2nd May 2001 at £130,000. The directors consider the land and buildings have the same fair value at the 30th September 2023 and deem the amount to be reasonable. The directors have confirmed that the land and buildings will be revalued by a third party in the year to 30th September 2024. The property has not been depreciated, in accordance with the accounting policies. Cost or valuation at 30th September 2023 is presented by land and buildings comprising cost of £1,130, together with an uplift in valuation in 1994 of £93,870, together with a further uplift in valuation in 2001 of £35,000, totalling £130,000. If freehold land and buildings had not been revalued they would have been included at a historical cost of £1,130 at 30th September 2023 (£1,130 - 2020).

Revaluation of property, plant and equipment

The land and buildings were revalued by Messrs.Garner & Sons, Chartered Surveyors, on the 2nd May 2001 at £130,000. The directors consider the land and buildings have the same fair value at the 30th September 2023 and deem the amount to be reasonable. The directors have confirmed that the land and buildings will be revalued by a third party in the year to 30th September 2024.

The property has not been depreciated, in accordance with the accounting policies.

Cost or valuation at 30th September 2023 is presented by land and buildings comprising cost of
£1,130, together with an uplift in valuation in 1994 of £93,870, together with a further uplift in
valuation in 2001 of £35,000, totalling £130,000.

If freehold land and buildings had not been revalued they would have been included at a historical
cost of £1,130 at 30th September 2023 (£1,130 - 2020).

8.	Further information regarding the company's financial position
	Investment properties are included in the balance sheet at their Fair value at the balance sheet date. The surplus or deficit on revaluation is in the non-distributable reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. Non distributable reserves are held within capital and reserves totalling £128,870.

Further information regarding the company's financial position

Investment properties are included in the balance sheet at their Fair value at the balance sheet date. The surplus or deficit on
revaluation is in the non-distributable reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Non distributable reserves are held within capital and reserves totalling £128,870.

9.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	1,483	1,483
Prepayments and accrued income	580	443
Total	2,063	1,926


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	1,323	4,323
Accrued liabilities and deferred income	985	1,002
Total	2,308	5,325


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	29,799	24,067
Total	29,799	24,067