Company registration number 00170337 (England and Wales)
UNSWORTH CRICKET & TENNIS CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
Wilds Ltd
Chartered Accountants
Lancaster House
70-76 Blackburn Street
Radcliffe
Manchester
M26 2JW
UNSWORTH CRICKET & TENNIS CLUB LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
UNSWORTH CRICKET & TENNIS CLUB LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
957,774
967,336
Current assets
Stocks
7,978
7,350
Debtors
210
360
Cash at bank and in hand
62,021
27,688
70,209
35,398
Creditors: amounts falling due within one year
(35,103)
(27,909)
Net current assets
35,106
7,489
Total assets less current liabilities
992,880
974,825
Creditors: amounts falling due after more than one year
(80,498)
(94,081)
Net assets
912,382
880,744
UNSWORTH CRICKET & TENNIS CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
2023
2022
Notes
£
£
£
£
- 2 -
Reserves
Income and expenditure account
912,382
880,744
Members' funds
912,382
880,744

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 15 March 2024 and are signed on its behalf by:
Mrs S Earnshaw
Director
Company Registration No. 00170337
UNSWORTH CRICKET & TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Unsworth Cricket & Tennis Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Pole Lane, Unsworth, Bury, Lancashire, BL9 8QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses are recorded exclusive of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land
Not depreciated
Freehold property
2% straight linne
Plant and machinery
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

UNSWORTH CRICKET & TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.7
Government grants

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

UNSWORTH CRICKET & TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
10
12
3
Tangible fixed assets
Total
£
Cost
At 1 October 2022
1,258,465
Additions
2,914
At 30 September 2023
1,261,379
Depreciation and impairment
At 1 October 2022
291,129
Depreciation charged in the year
12,476
At 30 September 2023
303,605
Carrying amount
At 30 September 2023
957,774
At 30 September 2022
967,336
4
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

5
Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,635 (2022 - £12,585).

6
Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £60,565 (2022 - £69,164).

2023-09-302022-10-01false15 March 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr         Peter LongMrs S EarnshawMr S EarnshawMr S W BaileyMr P Yorke-RobinsonMr Gary JonesMr Ian Murphy001703372022-10-012023-09-30001703372023-09-30001703372022-09-3000170337core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3000170337core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3000170337core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3000170337core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3000170337core:RetainedEarningsAccumulatedLosses2023-09-3000170337core:RetainedEarningsAccumulatedLosses2022-09-3000170337bus:Director22022-10-012023-09-3000170337core:LandBuildingscore:OwnedOrFreeholdAssets2022-10-012023-09-3000170337core:LandBuildingscore:LongLeaseholdAssets2022-10-012023-09-3000170337core:PlantMachinery2022-10-012023-09-30001703372021-10-012022-09-30001703372022-09-3000170337bus:CompanyLimitedByGuarantee2022-10-012023-09-3000170337bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3000170337bus:FRS1022022-10-012023-09-3000170337bus:AuditExemptWithAccountantsReport2022-10-012023-09-3000170337bus:Director12022-10-012023-09-3000170337bus:Director32022-10-012023-09-3000170337bus:Director42022-10-012023-09-3000170337bus:Director52022-10-012023-09-3000170337bus:Director62022-10-012023-09-3000170337bus:Director72022-10-012023-09-3000170337bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP