REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2022 |
for |
Whitgift Sports Club Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
RESERVES |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
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 |
DEPRECIATION |
At 1 September 2021 |
Charge for year |
At 31 August 2022 |
NET BOOK VALUE |
At 31 August 2022 |
At 31 August 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
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. |