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REGISTERED NUMBER: 08582152 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SAFFRONS SPORTS CLUB LTD

SAFFRONS SPORTS CLUB LTD (REGISTERED NUMBER: 08582152)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAFFRONS SPORTS CLUB LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Jenkins
R S Myall





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 08582152 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

SAFFRONS SPORTS CLUB LTD (REGISTERED NUMBER: 08582152)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,251 17,947

CURRENT ASSETS
Stocks 4,136 4,044
Debtors 5 11,595 20,377
Cash at bank and in hand 9,528 24,955
25,259 49,376
CREDITORS
Amounts falling due within one year 6 53,712 15,679
NET CURRENT (LIABILITIES)/ASSETS (28,453 ) 33,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,798

51,644

RESERVES
Income and expenditure account 9,798 51,644
9,798 51,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





R S Myall - Director


SAFFRONS SPORTS CLUB LTD (REGISTERED NUMBER: 08582152)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Saffrons Sports Club Ltd is a private company, limited by guarantee , 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Equipment - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SAFFRONS SPORTS CLUB LTD (REGISTERED NUMBER: 08582152)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Grants
Grants are accounted for using the accrual model. Capital grants received are recognised as deferred income on receipt and are recognised as income over the expected useful life of the asset for which the grant has been received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Ground Improvements
Construction to Plant and
Works property machinery
£    £    £   
COST
At 1 January 2023 - 15,670 350,289
Additions 9,912 - 14,500
Disposals - - (2,500 )
At 31 December 2023 9,912 15,670 362,289
DEPRECIATION
At 1 January 2023 - 15,670 332,342
Charge for year - - 4,108
Eliminated on disposal - - (2,500 )
At 31 December 2023 - 15,670 333,950
NET BOOK VALUE
At 31 December 2023 9,912 - 28,339
At 31 December 2022 - - 17,947

Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 January 2023 2,528 7,954 376,441
Additions - - 24,412
Disposals - - (2,500 )
At 31 December 2023 2,528 7,954 398,353
DEPRECIATION
At 1 January 2023 2,528 7,954 358,494
Charge for year - - 4,108
Eliminated on disposal - - (2,500 )
At 31 December 2023 2,528 7,954 360,102
NET BOOK VALUE
At 31 December 2023 - - 38,251
At 31 December 2022 - - 17,947

SAFFRONS SPORTS CLUB LTD (REGISTERED NUMBER: 08582152)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,170 8,500
Other debtors 7,425 11,877
11,595 20,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,114 4,114
Other creditors 46,598 11,565
53,712 15,679

7. LIMITED BY GUARANTEE

The company is limited by guarantee and therefore does not have a share capital. In the event that the company is wound up, each member of the company is liable to contribute an amount not exceeding £1.