LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Company Registration Number:
08896217 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 May 2023




Director: Gary Keyzor
Alan Green
Helen Nixon
Terry Lynes
Stuart Everett
Mark Kemp
Colin Easton
Terry Beamish
Registered office: Crown Meadow
Love Road
Lowestoft
Suffolk
NR32 2PA
Company Registration Number: 08896217 (England and Wales)

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 1,696,644 1,696,644
Total fixed assets: 1,696,644 1,696,644
Current assets
Stocks: 2,576 2,483
Debtors: 3,438 1,915
Cash at bank and in hand: 1,797 2,723
Total current assets: 7,811 7,121
Prepayments and accrued income: 2,019 1,454
Creditors: amounts falling due within one year: ( 163,551 ) ( 130,705 )
Net current assets (liabilities): ( 153,721 ) ( 122,130 )
Total assets less current liabilities: 1,542,923 1,574,514
Creditors: amounts falling due after more than one year: ( 135,615 ) ( 141,002 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 1,407,308 1,433,512

The notes form part of these financial statements

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Reserves
Revaluation reserve: 6 0 0
Income and expenditure account 1,407,308 1,433,512
Members funds 1,407,308 1,433,512

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 18 January 2024
And Signed On Behalf Of The Board By:

Name: Mark Kemp
Status: Director

The notes form part of these financial statements

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 30 30

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 June 2022 0
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 May 2023 0
    Amortisation
    Amortisation at 01 June 2022 0
    Charge for year 0
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 May 2023 0
    Net book value
    Net book value at 31 May 2023 0
    Net book value at 31 May 2022 0

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Tangible Assets

Total
Cost £
At 01 June 2022 1,696,644
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 May 2023 1,696,644
Depreciation
At 01 June 2022 0
Charge for year 0
On disposals (0)
Other adjustments 0
At 31 May 2023 0
Net book value
At 31 May 2023 1,696,644
At 31 May 2022 1,696,644

LOWESTOFT TOWN FOOTBALL CLUB LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Revaluation reserve


2023
£
Balance at 01 June 2022 0
Surplus or deficit after revaluation 0
Balance at 31 May 2023 0