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REGISTERED NUMBER: 06297656 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BOWLS ENGLAND

BOWLS ENGLAND (REGISTERED NUMBER: 06297656)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BOWLS ENGLAND

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: M Docherty
A D Tanner
D Tucker
S F Hemsley
Dr A Molony
M C Evans
F Johnson
Dr J Doust
J C A Wurr





SECRETARY: J R Cockcroft





REGISTERED OFFICE: The Pavilion
Victoria Park
Leamington Spa
CV31 3PT





REGISTERED NUMBER: 06297656 (England and Wales)





AUDITORS: Dafferns LLP
Chartered Accountants
Statutory Auditor
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

BOWLS ENGLAND (REGISTERED NUMBER: 06297656)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 55,741 76,034
Investment property 6 863,000 863,000
918,741 939,034

CURRENT ASSETS
Stocks 9,991 10,251
Debtors 7 606,395 557,686
Cash at bank and in hand 565,807 857,063
1,182,193 1,425,000
CREDITORS
Amounts falling due within one year 8 133,857 151,564
NET CURRENT ASSETS 1,048,336 1,273,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,967,077

2,212,470

RESERVES
Revaluation reserve 10 668,762 668,762
Other reserves 10 318,322 300,150
Income and expenditure account 10 979,993 1,243,558
1,967,077 2,212,470

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 17 January 2024 and were signed on its behalf by:





D Tucker - Director


BOWLS ENGLAND (REGISTERED NUMBER: 06297656)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Bowls England is a company limited by guarantee which does not have share capital and is registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, affiliation fees and competition entry fees. Revenue from goods is recognised at the point of sale, affiliation fees are recognised on receipt in the Bowls season to which they relate and competition entry fees when the associated competition is held.

Tangible fixed assets
Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-

Furniture, fixtures and equipment - 5 years
Computer hardware and software- Between 3 and 5 years

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

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

BOWLS ENGLAND (REGISTERED NUMBER: 06297656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Other financial assets and liabilities, such as loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for its employees. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate. A defined contribution plan is a pension scheme under which the Company pays fixed contributions into an independently administered fund and has no further obligations once the contributions have been paid.

Operating lease commitments
Rentals payable under operating leases are charged as an expense to the Income Statement on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

BOWLS ENGLAND (REGISTERED NUMBER: 06297656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 1 244,781 244,782
Additions - 11,227 11,227
At 30 September 2023 1 256,008 256,009
DEPRECIATION
At 1 October 2022 - 168,748 168,748
Charge for year - 31,520 31,520
At 30 September 2023 - 200,268 200,268
NET BOOK VALUE
At 30 September 2023 1 55,740 55,741
At 30 September 2022 1 76,033 76,034

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 863,000
NET BOOK VALUE
At 30 September 2023 863,000
At 30 September 2022 863,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2013 405,717
Valuation in 2019 263,000
Cost 194,283
863,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 194,283 194,283

Investment property was valued on an open market basis on 19 February 2019 by Sedgewick Claims Management Services Ltd .



BOWLS ENGLAND (REGISTERED NUMBER: 06297656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 80,794 39,879
Other debtors 246,378 219,234
327,172 259,113

Amounts falling due after more than one year:
Other debtors 279,223 298,573

Aggregate amounts 606,395 557,686

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,393 71,973
Taxation and social security 8,390 8,029
Other creditors 57,074 71,562
133,857 151,564

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 1,167

Operating Leases - Lessor

Total future minimum lease rentals receivable under non-cancellable operating leases are as follows:

2023 2022
£    £   
Not later than one year 43,000 43,000
Later than one year and not later than five years 172,000 172,000
Later than five years 3,583 46,583
218,583 261,583

BOWLS ENGLAND (REGISTERED NUMBER: 06297656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

10. RESERVES
Income
and
expenditure Revaluation Other
account reserve reserves Totals
£    £    £    £   

At 1 October 2022 1,243,558 668,762 300,150 2,212,470
Deficit for the year (245,393 ) - - (245,393 )
Movement (18,172 ) - 18,172 -
At 30 September 2023 979,993 668,762 318,322 1,967,077

Other reserves comprise: Club Loans Fund which represents a £650,000 fund available to clubs towards development and greens loans, at the year end the amount available for further loans was £367,320; and HQ repairs, Cups and Trophy insurance fund which at the year end stood at £35,642.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lucy Hatton FCCA (Senior Statutory Auditor)
for and on behalf of Dafferns LLP

12. RELATED PARTY TRANSACTIONS

The directors of the company received allowances of £8,100 (2022: £7,650).