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Registration number: 05114877

Caterham Graduates Racing Club Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Caterham Graduates Racing Club Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Caterham Graduates Racing Club Limited

Company Information

Chairman

Mr Matthew Willoughby

Directors

Mr Craig Anthony Atkins

Mr John Benfield

Mr Roger Andrew Ford

Mr Richard Groom

Mr Darren Houldcroft

Mr Robert Warner

Company secretary

Mr Jonathan Emms

Mr Darren Houldcroft

Registered office

Little Moss Farm
Taylors Lane
Oakhanger
Crewe
Cheshire
CW1 5XB

 

Caterham Graduates Racing Club Limited

(Registration number: 05114877)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,358

1,698

Current assets

 

Debtors

5

1,276

2,833

Cash at bank and in hand

 

41,005

57,783

 

42,281

60,616

Creditors due within 1 year

 

14,857

13,256

Net current assets

 

27,424

47,360

Net assets

 

28,782

49,058

Capital and reserves

 

Profit and loss account

28,782

49,058

Total equity

 

28,782

49,058

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 March 2024 and signed on its behalf by:
 

 

Caterham Graduates Racing Club Limited

(Registration number: 05114877)
Balance Sheet as at 30 November 2023


Mr Richard Groom
Director


Mr Matthew Willoughby
Chairman

 

Caterham Graduates Racing Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Little Moss Farm
Taylors Lane
Oakhanger
Crewe
Cheshire
CW1 5XB
England

These financial statements were authorised for issue by the Board on 1 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The club costs have exceeded the income in this year, which has resulted in a shortfall of £20,000. This has been a deliberate policy of the Board to use some of the accrued reserves to support events for members.

Revenue recognition

Income comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts. Membership fees are recognised in the year to which they relate.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Caterham Graduates Racing Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Equipment and other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

4,393

4,393

At 30 November 2023

4,393

4,393

Depreciation

At 1 December 2022

2,695

2,695

Charge for the year

340

340

At 30 November 2023

3,035

3,035

Carrying amount

At 30 November 2023

1,358

1,358

At 30 November 2022

1,698

1,698

 

Caterham Graduates Racing Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

350

-

Prepayments

926

2,833

 

1,276

2,833

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

828

Taxation and social security

131

31

Accruals and deferred income

14,726

12,397

14,857

13,256