Company registration number 03768681 (England and Wales)
HEACHAM CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
PAGES FOR FILING WITH REGISTRAR
HEACHAM CLUB LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HEACHAM CLUB LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
340,391
356,386
Current assets
Stocks
12,245
10,734
Debtors
4
80
80
Cash at bank and in hand
75,008
82,976
87,333
93,790
Creditors: amounts falling due within one year
5
(53,467)
(33,856)
Net current assets
33,866
59,934
Total assets less current liabilities
374,257
416,320
Creditors: amounts falling due after more than one year
6
(182,082)
(194,221)
Net assets
192,175
222,099
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
192,174
222,098
Total equity
192,175
222,099

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

For the financial year ended 30 September 2022 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.

HEACHAM CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2022
30 September 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 February 2024 and are signed on its behalf by:
Mr Darren Bailey
Director
Company registration number 03768681 (England and Wales)
HEACHAM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 3 -
1
Accounting policies
Company information

Heacham Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13 Station Road, Heacham, Kings Lynn, Norfolk, England, PE31 7HG.

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 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
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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:

Plant and equipment
- 20% reducing balance
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HEACHAM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.8
Government grants

Grants have been recognised on a systematic basis over the expected useful life of the property to which it relates.

2
Employees

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

2022
2021
Number
Number
Total
12
10
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2021
541,509
160,453
701,962
Additions
17,475
10,367
27,842
At 30 September 2022
558,984
170,820
729,804
Depreciation and impairment
At 1 October 2021
220,822
124,755
345,577
Depreciation charged in the year
36,221
7,615
43,836
At 30 September 2022
257,043
132,370
389,413
Carrying amount
At 30 September 2022
301,941
38,450
340,391
At 30 September 2021
320,688
35,698
356,386
HEACHAM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 5 -
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
80
80
5
Creditors: amounts falling due within one year
2022
2021
£
£
Government grant
12,139
12,139
Trade creditors
25,439
1,255
Corporation tax
102
-
0
Other taxation and social security
11,083
11,971
Other creditors
4,704
8,491
53,467
33,856
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Government grant
182,082
194,221
2022-09-302021-10-01falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr Mark PishornMr Darren BaileyMr Clive WhiteMr Jay WatkinsMr M J Barrfalse037686812021-10-012022-09-30037686812022-09-30037686812021-09-3003768681core:LandBuildings2022-09-3003768681core:OtherPropertyPlantEquipment2022-09-3003768681core:LandBuildings2021-09-3003768681core:OtherPropertyPlantEquipment2021-09-3003768681core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3003768681core:CurrentFinancialInstrumentscore:WithinOneYear2021-09-3003768681core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3003768681core:Non-currentFinancialInstrumentscore:AfterOneYear2021-09-3003768681core:CurrentFinancialInstruments2022-09-3003768681core:CurrentFinancialInstruments2021-09-3003768681core:ShareCapital2022-09-3003768681core:ShareCapital2021-09-3003768681core:RetainedEarningsAccumulatedLosses2022-09-3003768681core:RetainedEarningsAccumulatedLosses2021-09-3003768681bus:Director22021-10-012022-09-3003768681core:PlantMachinery2021-10-012022-09-30037686812020-10-012021-09-3003768681core:LandBuildings2021-09-3003768681core:OtherPropertyPlantEquipment2021-09-30037686812021-09-3003768681core:LandBuildings2021-10-012022-09-3003768681core:OtherPropertyPlantEquipment2021-10-012022-09-3003768681core:WithinOneYear2022-09-3003768681core:WithinOneYear2021-09-3003768681core:Non-currentFinancialInstruments2022-09-3003768681core:Non-currentFinancialInstruments2021-09-3003768681bus:PrivateLimitedCompanyLtd2021-10-012022-09-3003768681bus:SmallCompaniesRegimeForAccounts2021-10-012022-09-3003768681bus:FRS1022021-10-012022-09-3003768681bus:AuditExempt-NoAccountantsReport2021-10-012022-09-3003768681bus:Director12021-10-012022-09-3003768681bus:Director32021-10-012022-09-3003768681bus:Director42021-10-012022-09-3003768681bus:Director52021-10-012022-09-3003768681bus:FullAccounts2021-10-012022-09-30xbrli:purexbrli:sharesiso4217:GBP