Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-314No description of principal activity2022-03-19falsetrue0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13989026 2022-03-18 13989026 2022-03-19 2023-03-31 13989026 2021-03-19 2022-03-18 13989026 2023-03-31 13989026 c:Director2 2022-03-19 2023-03-31 13989026 d:CurrentFinancialInstruments 2023-03-31 13989026 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13989026 d:RetainedEarningsAccumulatedLosses 2023-03-31 13989026 c:FRS102 2022-03-19 2023-03-31 13989026 c:AuditExempt-NoAccountantsReport 2022-03-19 2023-03-31 13989026 c:FullAccounts 2022-03-19 2023-03-31 13989026 c:PrivateLimitedCompanyLtd 2022-03-19 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 13989026







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2023


SOUTHWARK COMMUNITY SPORTS GROUND LTD






































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SOUTHWARK COMMUNITY SPORTS GROUND LTD
REGISTERED NUMBER:13989026



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Stocks
  
3,264

Debtors: amounts falling due within one year
 5 
24,512

Cash at bank and in hand
  
6,694

  
34,470

Creditors: amounts falling due within one year
 6 
(2,160)

Net current assets
  
 
 
32,310

Total assets less current liabilities
  
32,310

  

Net assets
  
32,310


Capital and reserves
  

Profit and loss account
  
32,310

  
32,310


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 31 January 2024.




Mr J Smith
Director

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

Page 1

 


SOUTHWARK COMMUNITY SPORTS GROUND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Southwark Community Sports Ground Ltd is a private company limited by guarantee and incorporated in England and Wales. The address of the registered office is disclosed on the company information on page.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 


SOUTHWARK COMMUNITY SPORTS GROUND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

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.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Employees
4


4.


Stocks

2023
£

Raw materials and consumables
3,264

3,264


Page 3

 


SOUTHWARK COMMUNITY SPORTS GROUND LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

2023
£


Other debtors
24,512

24,512



6.


Creditors: Amounts falling due within one year

2023
£

Accruals and deferred income
2,160

2,160



7.


Related party transactions

The company is a subsidary by control of Southwark Community Sports Trust. The company was owed  £24,512 by
the charity at the year end. The company has agreed to pay any profits up to the charity.

 
Page 4