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REGISTERED NUMBER: 07577851 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED

FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED (REGISTERED NUMBER: 07577851)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2023







DIRECTORS: Mr J C East
Mr J S Hamilton
Mr A J Nock
Mr D A Potter
Mrs A Thomas-Lucas
Mr D W Hope
Mr D Kendall
Mr T E R Hughes





SECRETARY: Mr D A Potter





REGISTERED OFFICE: Mass House, Ash Lane
Hopwood
Alvechurch
Birmingham
B48 7BD





REGISTERED NUMBER: 07577851 (England and Wales)

FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED (REGISTERED NUMBER: 07577851)

BALANCE SHEET
31st August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520,744 522,381

CURRENT ASSETS
Stocks 5 2,793 2,135
Debtors 6 1,527 687
Cash at bank and in hand 48,509 65,810
52,829 68,632
CREDITORS
Amounts falling due within one year 7 8,138 5,061
NET CURRENT ASSETS 44,691 63,571
TOTAL ASSETS LESS CURRENT LIABILITIES 565,435 585,952

CREDITORS
Amounts falling due after more than one
year

8

120,000

120,000
NET ASSETS 445,435 465,952

RESERVES
Retained earnings 445,435 465,952
445,435 465,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED (REGISTERED NUMBER: 07577851)

BALANCE SHEET - continued
31st August 2023


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 16th October 2023 and were signed on its behalf by:





Mr D A Potter - Director


FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED (REGISTERED NUMBER: 07577851)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023


1. STATUTORY INFORMATION

Five Ways Old Edwardians Sports Club Limited 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.

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.

Turnover
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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - Straight line over 5 years
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED (REGISTERED NUMBER: 07577851)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st September 2022 502,066 109,521 34,656 646,243
Additions - 628 509 1,137
At 31st August 2023 502,066 110,149 35,165 647,380
DEPRECIATION
At 1st September 2022 - 99,099 24,763 123,862
Charge for year - 1,731 1,043 2,774
At 31st August 2023 - 100,830 25,806 126,636
NET BOOK VALUE
At 31st August 2023 502,066 9,319 9,359 520,744
At 31st August 2022 502,066 10,422 9,893 522,381

5. STOCKS
31/8/23 31/8/22
£    £   
Stocks 2,793 2,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Prepayments 1,527 687

FIVE WAYS OLD EDWARDIANS SPORTS CLUB
LIMITED (REGISTERED NUMBER: 07577851)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 2,170 385
Social security and other taxes 1,159 -
VAT 1,169 1,035
Accrued expenses 3,640 3,641
8,138 5,061

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/23 31/8/22
£    £   
Other creditors 120,000 120,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.