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REGISTERED NUMBER: 08873250 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

MARISTOW SPORTING SOCIETY LIMITED

MARISTOW SPORTING SOCIETY LIMITED (REGISTERED NUMBER: 08873250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARISTOW SPORTING SOCIETY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: A E Law





SECRETARY: Martin and Company (Company Secretaries) Limited





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08873250 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MARISTOW SPORTING SOCIETY LIMITED (REGISTERED NUMBER: 08873250)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 433,426 394,426

CURRENT ASSETS
Debtors 5 49,659 56,189
Cash at bank and in hand 2,008 272,520
51,667 328,709
CREDITORS
Amounts falling due within one year 6 3,005,150 2,770,828
NET CURRENT LIABILITIES (2,953,483 ) (2,442,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,520,057

)

(2,047,693

)

RESERVES
Income and expenditure account (2,520,057 ) (2,047,693 )
(2,520,057 ) (2,047,693 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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 director and authorised for issue on 9th November 2023 and were signed by:





A E Law - Director


MARISTOW SPORTING SOCIETY LIMITED (REGISTERED NUMBER: 08873250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Maristow Sporting Society Limited is a private company, limited by guarantee , 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 6 (2022 - 5 ) .

MARISTOW SPORTING SOCIETY LIMITED (REGISTERED NUMBER: 08873250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st March 2022 213,800 159,118 249,899 622,817
Additions 19,787 52,189 18,229 90,205
Disposals (13,548 ) - - (13,548 )
At 28th February 2023 220,039 211,307 268,128 699,474
DEPRECIATION
At 1st March 2022 - 109,408 118,983 228,391
Charge for year - 15,285 22,372 37,657
At 28th February 2023 - 124,693 141,355 266,048
NET BOOK VALUE
At 28th February 2023 220,039 86,614 126,773 433,426
At 28th February 2022 213,800 49,710 130,916 394,426

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,910 2,962
Prepayments 46,749 53,227
49,659 56,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,326 -
Payments on account 35,000 317,216
Trade creditors 96,028 56,733
Social security and other taxes 13,152 2,984
Other creditors 374,930 415,850
Directors' current accounts 2,471,224 1,971,555
Accrued expenses 6,490 6,490
3,005,150 2,770,828

Directors' loan account of £2,471,224 (2022: £1,971,555) is provided on an unsecured basis. No interest is charged.