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Registration number: 00200977

Burnley Cricket Club Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Burnley Cricket Club Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Burnley Cricket Club Limited

(Registration number: 00200977)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

56,639

49,832

Investments

5

100

100

 

56,739

49,932

Current assets

 

Stocks

1,385

1,225

Debtors

6

775

775

Cash at bank and in hand

 

71,621

97,078

 

73,781

99,078

Creditors: Amounts falling due within one year

7

(46,376)

(43,374)

Net current assets

 

27,405

55,704

Net assets

 

84,144

105,636

Capital and reserves

 

Called up share capital

8

5,996

5,996

Retained earnings

78,148

99,640

Shareholders' funds

 

84,144

105,636

For the financial year ending 30 September 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 11 April 2024 and signed on its behalf by:
 

.........................................
Mr P T Broadhurst
Director

 

Burnley Cricket Club Limited

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

1

General information

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

The address of its registered office is:
Turf Moor
Belvedere Road
Burnley
Lancashire
BB10 4BN

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.

Going concern

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

Revenue recognition

Revenue 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. Revenue is shown net of 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.

 

Burnley Cricket Club Limited

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

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:

Asset class

Depreciation method and rate

Freehold land

Not depreciated

Pavilion and scoreboard

10% per annum reducing balance basis

Plant and machinery

10% per annum reducing balance basis

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Burnley Cricket Club Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Freehold land
£

Pavilion and scoreboard
 £

Plant and machinery
 £

Total
£

Cost

At 1 October 2022

13,322

86,001

98,029

197,352

Additions

-

-

11,183

11,183

At 30 September 2023

13,322

86,001

109,212

208,535

Depreciation

At 1 October 2022

-

81,513

66,007

147,520

Charge for the year

-

449

3,927

4,376

At 30 September 2023

-

81,962

69,934

151,896

Net book value

At 30 September 2023

13,322

4,039

39,278

56,639

At 30 September 2022

13,322

4,488

32,022

49,832

 

Burnley Cricket Club Limited

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

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 October 2022

100

Net book value

At 30 September 2023

100

At 30 September 2022

100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Burnley Cricket Club (Bar) Limited

Turf Moor, Burnley

Ordinary shares

100%

100%

 

     

Subsidiary undertakings

Burnley Cricket Club (Bar) Limited

The principal activity of Burnley Cricket Club (Bar) Limited is the operation of a bar.

 

Burnley Cricket Club Limited

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

6

Debtors

2023
£

2022
£

Other debtors

775

775

775

775

7

Creditors

2023
£

2022
£

Due within one year

Trade creditors

144

-

Taxation and social security

416

3,332

Accruals and deferred income

-

1,081

Other creditors

45,816

38,961

46,376

43,374

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

5,996

5,996

5,996

5,996