Filleted

Registration number: 00010747

Tenby And County Club Company,Limited(The)

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Tenby And County Club Company,Limited(The)

Company Information

Directors

Mr T J Pearce Mr G Birt Mr P Spacey Mr K Nixon

Registered office

Croft House The Croft Tenby Pembrokeshire SA70 8AP

Tenby And County Club Company,Limited(The)

(Registration number: 00010747)
Balance Sheet as at 30 June 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	2,513	2,513
Current assets
Debtors	5	8,234	8,234
Cash at bank and in hand		772	1,214
		9,006	9,448
Creditors: Amounts falling due within one year	6	(753)	(355)
Net current assets		8,253	9,093
Net assets		10,766	11,606
Capital and reserves
Called up share capital		2,750	2,750
Share premium reserve		45	45
Capital redemption reserve		205	205
Profit and loss account		7,766	8,606
Total equity		10,766	11,606

For the financial year ending 30 June 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 April 2024 and signed on its behalf by:
 

......................................... Mr T J Pearce Director

Tenby And County Club Company,Limited(The)

Notes to the Financial Statements for the Year Ended 30 June 2023

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Croft House
The Croft
Tenby
Pembrokeshire
SA70 8AP

These financial statements were authorised for issue by the Board on 11 April 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover 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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tenby And County Club Company,Limited(The)

Notes to the Financial Statements for the Year Ended 30 June 2023

Asset class	Depreciation method and rate
Freehold Property	Over 50 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 1).

Tenby And County Club Company,Limited(The)

Notes to the Financial Statements for the Year Ended 30 June 2023

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2022	2,513	2,513
At 30 June 2023	2,513	2,513
Depreciation
Carrying amount
At 30 June 2023	2,513	2,513
At 30 June 2022	2,513	2,513

Included within the net book value of land and buildings above is £2,513 (2022 - £2,513) in respect of freehold land and buildings.
 

5

Debtors

	2023 £	2022 £
Trade debtors	8,234	8,234
	8,234	8,234

6

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Other related parties		276	-
Other creditors		477	355
		753	355