2022-10-012023-09-302023-09-30false12888905THE FLIPPER CLUB LTD2024-04-05iso4217:GBPxbrli:pure128889052022-10-01128889052023-09-30128889052022-10-012023-09-30128889052021-10-01128889052022-09-30128889052021-10-012022-09-3012888905bus:SmallEntities2022-10-012023-09-3012888905bus:AuditExempt-NoAccountantsReport2022-10-012023-09-3012888905bus:FullAccounts2022-10-012023-09-3012888905bus:PrivateLimitedCompanyLtd2022-10-012023-09-3012888905core:WithinOneYear2023-09-3012888905core:AfterOneYear2023-09-3012888905core:WithinOneYear2022-09-3012888905core:AfterOneYear2022-09-3012888905core:ShareCapital2023-09-3012888905core:SharePremium2023-09-3012888905core:RevaluationReserve2023-09-3012888905core:OtherReservesSubtotal2023-09-3012888905core:RetainedEarningsAccumulatedLosses2023-09-3012888905core:ShareCapital2022-09-3012888905core:SharePremium2022-09-3012888905core:RevaluationReserve2022-09-3012888905core:OtherReservesSubtotal2022-09-3012888905core:RetainedEarningsAccumulatedLosses2022-09-3012888905core:LandBuildings2023-09-3012888905core:PlantMachinery2023-09-3012888905core:Vehicles2023-09-3012888905core:FurnitureFittings2023-09-3012888905core:OfficeEquipment2023-09-3012888905core:NetGoodwill2023-09-3012888905core:IntangibleAssetsOtherThanGoodwill2023-09-3012888905core:ListedExchangeTraded2023-09-3012888905core:UnlistedNon-exchangeTraded2023-09-3012888905core:LandBuildings2022-09-3012888905core:PlantMachinery2022-09-3012888905core:Vehicles2022-09-3012888905core:FurnitureFittings2022-09-3012888905core:OfficeEquipment2022-09-3012888905core:NetGoodwill2022-09-3012888905core:IntangibleAssetsOtherThanGoodwill2022-09-3012888905core:ListedExchangeTraded2022-09-3012888905core:UnlistedNon-exchangeTraded2022-09-3012888905core:LandBuildings2022-10-012023-09-3012888905core:PlantMachinery2022-10-012023-09-3012888905core:Vehicles2022-10-012023-09-3012888905core:FurnitureFittings2022-10-012023-09-3012888905core:OfficeEquipment2022-10-012023-09-3012888905core:NetGoodwill2022-10-012023-09-3012888905core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012888905core:ListedExchangeTraded2022-10-012023-09-3012888905core:UnlistedNon-exchangeTraded2022-10-012023-09-3012888905core:MoreThanFiveYears2022-10-012023-09-3012888905core:Non-currentFinancialInstruments2023-09-3012888905core:Non-currentFinancialInstruments2022-09-3012888905dpl:CostSales2022-10-012023-09-3012888905dpl:DistributionCosts2022-10-012023-09-3012888905core:LandBuildings2022-10-012023-09-3012888905core:PlantMachinery2022-10-012023-09-3012888905core:Vehicles2022-10-012023-09-3012888905core:FurnitureFittings2022-10-012023-09-3012888905core:OfficeEquipment2022-10-012023-09-3012888905dpl:AdministrativeExpenses2022-10-012023-09-3012888905core:NetGoodwill2022-10-012023-09-3012888905core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012888905dpl:GroupUndertakings2022-10-012023-09-3012888905dpl:ParticipatingInterests2022-10-012023-09-3012888905dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3012888905core:ListedExchangeTraded2022-10-012023-09-3012888905dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3012888905core:UnlistedNon-exchangeTraded2022-10-012023-09-3012888905dpl:CostSales2021-10-012022-09-3012888905dpl:DistributionCosts2021-10-012022-09-3012888905core:LandBuildings2021-10-012022-09-3012888905core:PlantMachinery2021-10-012022-09-3012888905core:Vehicles2021-10-012022-09-3012888905core:FurnitureFittings2021-10-012022-09-3012888905core:OfficeEquipment2021-10-012022-09-3012888905dpl:AdministrativeExpenses2021-10-012022-09-3012888905core:NetGoodwill2021-10-012022-09-3012888905core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3012888905dpl:GroupUndertakings2021-10-012022-09-3012888905dpl:ParticipatingInterests2021-10-012022-09-3012888905dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3012888905core:ListedExchangeTraded2021-10-012022-09-3012888905dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3012888905core:UnlistedNon-exchangeTraded2021-10-012022-09-3012888905core:NetGoodwill2023-09-3012888905core:IntangibleAssetsOtherThanGoodwill2023-09-3012888905core:LandBuildings2023-09-3012888905core:PlantMachinery2023-09-3012888905core:Vehicles2023-09-3012888905core:FurnitureFittings2023-09-3012888905core:OfficeEquipment2023-09-3012888905core:AfterOneYear2023-09-3012888905core:WithinOneYear2023-09-3012888905core:ListedExchangeTraded2023-09-3012888905core:UnlistedNon-exchangeTraded2023-09-3012888905core:ShareCapital2023-09-3012888905core:SharePremium2023-09-3012888905core:RevaluationReserve2023-09-3012888905core:OtherReservesSubtotal2023-09-3012888905core:RetainedEarningsAccumulatedLosses2023-09-3012888905core:NetGoodwill2022-09-3012888905core:IntangibleAssetsOtherThanGoodwill2022-09-3012888905core:LandBuildings2022-09-3012888905core:PlantMachinery2022-09-3012888905core:Vehicles2022-09-3012888905core:FurnitureFittings2022-09-3012888905core:OfficeEquipment2022-09-3012888905core:AfterOneYear2022-09-3012888905core:WithinOneYear2022-09-3012888905core:ListedExchange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THE FLIPPER CLUB LTD

Registered Number
12888905
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

THE FLIPPER CLUB LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

SHARPLES, Amanda Louise

Registered Address

109 Eastwick Park Avenue
Bookham
Leatherhead
KT23 3NW

Registered Number

12888905 (England and Wales)
THE FLIPPER CLUB LTD
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets712,00016,000
12,00016,000
Current assets
Debtors917,58927,092
Cash at bank and on hand58,06646,996
75,65574,088
Creditors amounts falling due within one year10(74,022)(87,620)
Net current assets (liabilities)1,633(13,532)
Total assets less current liabilities13,6332,468
Net assets13,6332,468
Capital and reserves
Called up share capital11
Profit and loss account13,6322,467
Shareholders' funds13,6332,468
The financial statements were approved and authorised for issue by the Director on 5 April 2024, and are signed on its behalf by:
SHARPLES, Amanda Louise
Director
Registered Company No. 12888905
THE FLIPPER CLUB LTD
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activities are swimming instruction though pool hire.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible assets policy
Goodwill is recognised when the fair value of the asset can be measured reliably and it is probable that it will give rise to future economic benefits. It will be amortised over its useful life with amortisation starting from the second year of trading.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Valuation of financial instruments policy
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. Basic financial assets, which include debtors and cash and bank balances, are initially measured at the transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arragement 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. 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 arragement 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 or on demand 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.
6.Employee information
Average number of employees (including directors).

20232022
Average number of employees during the year11
7.Intangible assets
Goodwill was acquired on 11 May 2021 and relates to the purchase of the brand name and customer database.

Goodwill

Total

££
Cost or valuation
At 01 October 2220,00020,000
At 30 September 2320,00020,000
Amortisation and impairment
At 01 October 224,0004,000
Charge for year4,0004,000
At 30 September 238,0008,000
Net book value
At 30 September 2312,00012,000
At 30 September 2216,00016,000
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SHARPLES, Amanda Louise22,11726,50031,90016,717
22,11726,50031,90016,717
The prior years directors loan was repaid within 9 months of the year end and the current years directors loan was repaid within 9 months of the year end, on 27 March 2024 and interest was charged at the HMRC official rate of interest, on a daily basis of 2%.
9.Debtors

2023

2022

££
Trade debtors / trade receivables464-
Other debtors16,71922,119
Prepayments and accrued income4064,973
Total17,58927,092
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Any loans to directors over £10k have interest charged at the HMRC official rate of 2% on a daily basis.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables34,85752,659
Taxation and social security24,05019,961
Other creditors10,00015,000
Accrued liabilities and deferred income5,115-
Total74,02287,620
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.