Caseware UK (AP4) 2022.0.179 2022.0.179 37368373682023-05-2586918691false2022-04-01No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00084905 2022-04-01 2023-03-31 00084905 2021-04-01 2022-03-31 00084905 2023-03-31 00084905 2022-03-31 00084905 c:Director1 2022-04-01 2023-03-31 00084905 d:FreeholdInvestmentProperty 2023-03-31 00084905 d:FreeholdInvestmentProperty 2022-03-31 00084905 d:LeaseholdInvestmentProperty 2023-03-31 00084905 d:LeaseholdInvestmentProperty 2022-03-31 00084905 d:CurrentFinancialInstruments 2023-03-31 00084905 d:CurrentFinancialInstruments 2022-03-31 00084905 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00084905 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00084905 d:ShareCapital 2023-03-31 00084905 d:ShareCapital 2022-03-31 00084905 d:OtherMiscellaneousReserve 2023-03-31 00084905 d:OtherMiscellaneousReserve 2022-03-31 00084905 d:RetainedEarningsAccumulatedLosses 2023-03-31 00084905 d:RetainedEarningsAccumulatedLosses 2022-03-31 00084905 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00084905 c:OrdinaryShareClass1 2023-03-31 00084905 c:OrdinaryShareClass1 2022-03-31 00084905 c:FRS102 2022-04-01 2023-03-31 00084905 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00084905 c:FullAccounts 2022-04-01 2023-03-31 00084905 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00084905 d:Right-of-useInvestmentProperty 2023-03-31 00084905 d:Right-of-useInvestmentProperty 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00084905










The Purley Cricket Club Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2023

 
The Purley Cricket Club Limited
Registered number: 00084905

Balance sheet
As at 31 March 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
18,684
18,684

  
18,684
18,684

Current assets
  

Debtors: amounts falling due within one year
 5 
-
325

Cash at bank and in hand
  
10,855
9,903

  
10,855
10,228

Creditors: amounts falling due within one year
 6 
(3,039)
(3,445)

Net current assets
  
 
 
7,816
 
 
6,783

Total assets less current liabilities
  
26,500
25,467

  

Net assets
  
26,500
25,467


Capital and reserves
  

Called up share capital 
 7 
1,661
1,661

Other reserves
  
14,941
14,941

Profit and loss account
  
9,898
8,865

  
26,500
25,467


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 May 2023.


R.A.Stevens
Director


The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
The Purley Cricket Club Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

The company is a private limited company, incorporated and domiciled in England & Wales. The Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA and their principal activity can be found on page 1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of rental income.

 
2.3

Investment property

Investment properties are initially measured at cost and subsequently measured at fair value where a reliable measure of fair value can be obtained without undue effort or cost. Changes in fair value will be recognised in the Statement of Comprehensive Income.
The Companies Act 2006 requires all properties to be depreciated but this conflicts with the generally accepted accounting principle set out in FRS102. The directors consider that depreciating Investment Properties would not give a true and fair view as the properties are held to generate rental income under a long-term lease, rather than for use and occupation by the company itself, and therefore no depreciation is charged.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
The Purley Cricket Club Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, excluding directors, during the year was 0 (2022 - 0).


4.


Investment property


Freehold Land
Club House Buildings
Squash Courts
Groundman's House and Stores
Total

£
£
£
£
£



Valuation


At 1 April 2022
4,365
7,066
1,625
5,628
18,684



At 31 March 2023
4,365
7,066
1,625
5,628
18,684

The directors consider the cost and effort of obtaining a reliable fair value for the investment properties is disproportionate to any benefit obtained.






 

Page 3

 
The Purley Cricket Club Limited
 

 
Notes to the financial statements
For the year ended 31 March 2023

5.


Debtors

2023
2022
£
£


Other debtors
-
325



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
236
286

Accruals and deferred income
2,803
3,159

3,039
3,445



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,661 (2022 - 1,661) Ordinary shares of £1.00 each
1,661
1,661



8.


Controlling party

In the Directors' opinion there is no ultimate controlling party.


Page 4