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REGISTERED NUMBER: 04342600 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd

Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd (Registered number: 04342600)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S R Castle
M Curd
Mrs K E Rice
P A Hollingworth
L C Armstrong
Mrs A C Castle
M K Lane





SECRETARY: Mrs L Ebden





REGISTERED OFFICE: The Drill Field
Canada Road
Deal
Kent
CT14 7EJ





REGISTERED NUMBER: 04342600 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd (Registered number: 04342600)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,181 382,089

CURRENT ASSETS
Stocks 2,562 2,340
Debtors 5 1,910 594
Cash at bank and in hand 25,744 42,211
30,216 45,145
CREDITORS
Amounts falling due within one year 6 22,032 15,322
NET CURRENT ASSETS 8,184 29,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,365

411,912

CREDITORS
Amounts falling due after more than one
year

7

(56,435

)

(64,322

)

PROVISIONS FOR LIABILITIES 9 (2,865 ) (3,361 )
NET ASSETS 326,065 344,229

RESERVES
Revaluation reserve 10 50,000 50,000
Income and expenditure account 276,065 294,229
326,065 344,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd (Registered number: 04342600)

Balance Sheet - continued
31 March 2024


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 15 August 2024 and were signed on its behalf by:




Mrs K E Rice - Director



M Curd - Director


Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd (Registered number: 04342600)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Deal Betteshanger & Walmer Rugby Sports & Social 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.

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 etc - 10% on cost and Straight line over 15 years

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.

Government grants
Grants relating to tangible fixed assets are treated as deferred income and released to the Income and Expenditure account over the expected useful lives of the assets concerned.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd (Registered number: 04342600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 351,625 99,269 450,894
DEPRECIATION
At 1 April 2023 - 68,805 68,805
Charge for year - 4,908 4,908
At 31 March 2024 - 73,713 73,713
NET BOOK VALUE
At 31 March 2024 351,625 25,556 377,181
At 31 March 2023 351,625 30,464 382,089

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 817 -
VAT 540 -
Prepayments 553 594
1,910 594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 -
Trade creditors 7,896 7,871
VAT - 227
Other creditors 6,249 4,337
Deferred government grants 2,887 2,887
22,032 15,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Members loans over 5 years 42,000 47,000
Government grants (over 1 yr) 14,435 17,322
56,435 64,322

Amounts falling due in more than five years:

Repayable by instalments
Members loans over 5 years 42,000 47,000

Deal Betteshanger & Walmer Rugby
Sports & Social Club Ltd (Registered number: 04342600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,000 -
Between one and five years 5,388 -
In more than five years 37,515 -
43,903 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,865 3,361

Deferred
tax
£   
Balance at 1 April 2023 3,361
Accelerated capital allowances (496 )
Balance at 31 March 2024 2,865

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 50,000

11. LIMITED BY GUARANTEE

The company is a private company limited by guarantee 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.