1 April 2023 false No description of principal activity Taxfiler 2024.4 true 02675347business:CompanyLimitedByGuarantee2023-04-012024-03-31 026753472023-03-31 026753472023-04-012024-03-31 02675347business:AuditExemptWithAccountantsReport2023-04-012024-03-31 02675347business:FilletedAccounts2023-04-012024-03-31 026753472024-03-31 02675347business:Director12023-04-012024-03-31 02675347business:Director42023-04-012024-03-31 02675347business:Director52023-04-012024-03-31 02675347business:Director62023-04-012024-03-31 02675347business:Director82023-04-012024-03-31 02675347business:Director92023-04-012024-03-31 02675347business:Director102023-04-012024-03-31 02675347business:RegisteredOffice2023-04-012024-03-31 026753472023-03-31 02675347core:WithinOneYear2024-03-31 02675347core:WithinOneYear2023-03-31 02675347core:AfterOneYear2024-03-31 02675347core:AfterOneYear2023-03-31 02675347core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 02675347core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 02675347core:PreviouslyStatedAmount2024-03-31 02675347core:PreviouslyStatedAmount2023-03-31 02675347business:SmallEntities2023-04-012024-03-31 02675347countries:EnglandWales2023-04-012024-03-31 02675347core:LandBuildings2023-04-012024-03-31 02675347core:PlantMachinery2023-04-012024-03-31 02675347core:FurnitureFittings2023-04-012024-03-31 02675347core:LandBuildings2023-03-31 02675347core:PlantMachinery2023-03-31 02675347core:FurnitureFittings2023-03-31 02675347core:LandBuildings2024-03-31 02675347core:PlantMachinery2024-03-31 02675347core:FurnitureFittings2024-03-31 0267534712023-04-012024-03-31 026753472022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 02675347 (England and Wales)
Cranford Sports Club Limited Unaudited accounts for the year ended 31 March 2024
Cranford Sports Club Limited Unaudited accounts Contents
Page
- 2 -
Cranford Sports Club Limited Company Information for the year ended 31 March 2024
Directors
Jill Anderson Louise Griffin Mary Knight Christopher Allison Annette Hack Graham Howells Michael Morley
Company Number
02675347 (England and Wales)
Registered Office
42 SALTERTON ROAD EXMOUTH DEVON EX8 2EQ
Accountants
Brambillow Accounting Ltd Brookhouse Cranoe Road Welham Leicestershire LE16 7UH
- 3 -
Cranford Sports Club Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,027,159 
1,041,971 
Current assets
Inventories
1,470 
1,016 
Debtors
5,149 
307 
Cash at bank and in hand
73,131 
36,963 
79,750 
38,286 
Creditors: amounts falling due within one year
(488,597)
(97,273)
Net current liabilities
(408,847)
(58,987)
Total assets less current liabilities
618,312 
982,984 
Creditors: amounts falling due after more than one year
(24,758)
(284,323)
Net assets
593,554 
698,661 
Reserves
Profit and loss account
593,554 
698,661 
Members' funds
593,554 
698,661 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Jill Anderson Director Company Registration No. 02675347
- 4 -
Cranford Sports Club Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cranford Sports Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 02675347. The registered office is 42 SALTERTON ROAD, EXMOUTH, DEVON, EX8 2EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
Cranford Sports Club Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,408,727 
264,339 
279,091 
1,952,157 
Additions
15,600 
6,277 
- 
21,877 
At 31 March 2024
1,424,327 
270,616 
279,091 
1,974,034 
Depreciation
At 1 April 2023
387,659 
257,867 
264,660 
910,186 
Charge for the year
25,807 
5,891 
4,991 
36,689 
At 31 March 2024
413,466 
263,758 
269,651 
946,875 
Net book value
At 31 March 2024
1,010,861 
6,858 
9,440 
1,027,159 
At 31 March 2023
1,021,068 
6,472 
14,431 
1,041,971 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,226 
- 
Trade debtors
2,602 
87 
Accrued income and prepayments
321 
220 
5,149 
307 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
27,169 
VAT
- 
5,059 
Obligations under finance leases and hire purchase contracts
16,600 
16,600 
Trade creditors
9,656 
7,389 
Taxes and social security
1,968 
1,550 
Other creditors
419,750 
12,816 
Loans from directors
1,784 
6,784 
Accruals
17,055 
3,356 
Deferred income
21,784 
16,550 
488,597 
97,273 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
242,965 
Obligations under finance leases and hire purchase contracts
24,758 
41,358 
24,758 
284,323 
- 6 -
Cranford Sports Club Limited Notes to the Accounts for the year ended 31 March 2024
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Transactions with related parties
On 6 October 2023, £5,000 was repaid by the Company to one of the Directors. Included within creditors is an amount of £1,784 (2023: £6,784) which is an amount owed by the Company to one of the Directors. Interest is not charged on this amount and there is no fixed date for repayment.
10
Post balance sheet events
The Company entered into an agreement for the sale of land owned by the Company during the period ended 31 March 2023, to a Developer, contingent on successfully obtaining planning permission for developing this land. Under the terms of the sale agreement with the Developer, a commercial loan was made by the Developer to the Company for £60,000 in January 2023. This was further extended to £410,000 in September 2023. Under the terms of this loan agreement, the loan plus accrued interest is repayable if planning permission is not obtained and the sale transaction is not completed. If the sale transaction does complete, the balance of any loan plus accrued interest will be repayable by way of offset against sale proceeds paid by the Developer for the land. As at the date of signing these statutory financial statements, planning permission has not been obtained and the sale of land transaction has not completed. At 31 March 2024, the Company held £60,000 of the total loan balance in a savings account.
11
Average number of employees
During the year the average number of employees was 16 (2023: 17).
- 7 -