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Company No: 12680907 (England and Wales)

RIKKI CLARKE CRICKET ACADEMY LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

RIKKI CLARKE CRICKET ACADEMY LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

RIKKI CLARKE CRICKET ACADEMY LIMITED

BALANCE SHEET

As at 30 June 2023
RIKKI CLARKE CRICKET ACADEMY LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 4,598 3,904
4,598 3,904
Current assets
Debtors 4 0 841
Cash at bank and in hand 20,193 6,438
20,193 7,279
Creditors: amounts falling due within one year 5 ( 7,650) ( 2,393)
Net current assets 12,543 4,886
Total assets less current liabilities 17,141 8,790
Net assets 17,141 8,790
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 17,140 8,789
Total shareholder's funds 17,141 8,790

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Rikki Clarke Cricket Academy Limited (registered number: 12680907) were approved and authorised for issue by the Director on 24 February 2024. They were signed on its behalf by:

R Clarke
Director
RIKKI CLARKE CRICKET ACADEMY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
RIKKI CLARKE CRICKET ACADEMY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rikki Clarke Cricket Academy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 128 City Road, London, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Tools and equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Tools and equipment Total
£ £
Cost
At 01 July 2022 5,621 5,621
Additions 1,897 1,897
At 30 June 2023 7,518 7,518
Accumulated depreciation
At 01 July 2022 1,717 1,717
Charge for the financial year 1,203 1,203
At 30 June 2023 2,920 2,920
Net book value
At 30 June 2023 4,598 4,598
At 30 June 2022 3,904 3,904

4. Debtors

2023 2022
£ £
Other debtors 0 841

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 6,449 1,193
Other creditors 1,201 1,200
7,650 2,393

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1