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REGISTERED NUMBER: 08181785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2022

for

Whitgift Sports Club Limited

Whitgift Sports Club Limited (Registered number: 08181785)






Contents of the Financial Statements
for the Year Ended 31 August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitgift Sports Club Limited

Company Information
for the Year Ended 31 August 2022







DIRECTORS: A G Blok
J Goatcher





REGISTERED OFFICE: The Clubhouse
Croham Manor Road
South Croydon
Surrey
CR2 7BG





REGISTERED NUMBER: 08181785 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Whitgift Sports Club Limited (Registered number: 08181785)

Balance Sheet
31 August 2022

31.8.22 31.8.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 66,377 77,548

CURRENT ASSETS
Stocks 2,617 3,996
Debtors 5 33,411 33,189
Cash at bank and in hand 1,703 17,852
37,731 55,037
CREDITORS
Amounts falling due within one year 6 (309,861 ) (259,911 )
NET CURRENT LIABILITIES (272,130 ) (204,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(205,753

)

(127,326

)

CREDITORS
Amounts falling due after more than one
year

7

-

(28,532

)
NET LIABILITIES (205,753 ) (155,858 )

RESERVES
Income and expenditure account (205,753 ) (155,858 )
(205,753 ) (155,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 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.

Whitgift Sports Club Limited (Registered number: 08181785)

Balance Sheet - continued
31 August 2022


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 3 April 2024 and were signed on its behalf by:





A G Blok - Director


Whitgift Sports Club Limited (Registered number: 08181785)

Notes to the Financial Statements
for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

Whitgift Sports Club 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 etc - 10% on cost

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

Going concern
The balance sheet shows that liabilities exceed assets by £205,753. The directors consider that the loan from the Whitgiftian Association and a number of other creditors, who have indicated their continuing support, will continue for the foreseeable future. The directors therefore consider it appropriate that these accounts are prepared on a going concern basis.

Donations and grants
Donations and grants are credited to the Income Statement when the company is legally entitled to the income after any performance conditions have been met, the amount can me measured reliably and it is probable that the income will be received. Grants received to fund capital equipment purchases is credited to the income statement on a straight line basis over the estimated life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 12 ) .

Whitgift Sports Club Limited (Registered number: 08181785)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2021
and 31 August 2022 111,709
DEPRECIATION
At 1 September 2021 34,161
Charge for year 11,171
At 31 August 2022 45,332
NET BOOK VALUE
At 31 August 2022 66,377
At 31 August 2021 77,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade debtors 12,700 1,694
Other debtors 20,711 31,495
33,411 33,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade creditors 166,273 82,959
Taxation and social security 2,140 5,165
Other creditors 141,448 171,787
309,861 259,911

Included in creditors amounts falling due within one year is a loan of £83,889 (2021 £95,000) from the Whitgiftian Association. This loan is unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.22 31.8.21
£    £   
Other creditors - 28,532

8. RELATED PARTY DISCLOSURES

The ultimate controlling party is the Old Whitgiftian Trustee Ltd by virtue of it being the sole member and having control over the appointment of directors.

9. COMPANY STATUS

The company is a private company limited by guarantee without having a share capital.