Caseware UK (AP4) 2023.0.135 2023.0.135 Principle activity of the company is that of an Indoor Bowling Club for members. Few social events are held which includes the use of the bar and restuarant. Restaurant is operated seperately.false2023-05-011915truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00272258 2023-05-01 2024-04-30 00272258 2022-05-01 2023-04-30 00272258 2024-04-30 00272258 2023-04-30 00272258 c:Director3 2023-05-01 2024-04-30 00272258 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 00272258 d:Buildings d:LongLeaseholdAssets 2024-04-30 00272258 d:Buildings d:LongLeaseholdAssets 2023-04-30 00272258 d:FurnitureFittings 2023-05-01 2024-04-30 00272258 d:FurnitureFittings 2024-04-30 00272258 d:FurnitureFittings 2023-04-30 00272258 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00272258 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 00272258 d:OtherPropertyPlantEquipment 2024-04-30 00272258 d:OtherPropertyPlantEquipment 2023-04-30 00272258 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00272258 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00272258 d:CurrentFinancialInstruments 2024-04-30 00272258 d:CurrentFinancialInstruments 2023-04-30 00272258 d:Non-currentFinancialInstruments 2024-04-30 00272258 d:Non-currentFinancialInstruments 2023-04-30 00272258 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00272258 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00272258 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 00272258 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 00272258 d:RetainedEarningsAccumulatedLosses 2024-04-30 00272258 d:RetainedEarningsAccumulatedLosses 2023-04-30 00272258 c:FRS102 2023-05-01 2024-04-30 00272258 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 00272258 c:FullAccounts 2023-05-01 2024-04-30 00272258 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00272258 2 2023-05-01 2024-04-30 00272258 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 00272258










Worthing Indoor Bowling Greens,Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2024

 
Worthing Indoor Bowling Greens,Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Worthing Indoor Bowling Greens,Limited for the year ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Worthing Indoor Bowling Greens,Limited for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Worthing Indoor Bowling Greens,Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Worthing Indoor Bowling Greens,Limited and state those matters that we have agreed to state to the Board of directors of Worthing Indoor Bowling Greens,Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Worthing Indoor Bowling Greens,Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Worthing Indoor Bowling Greens,Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Worthing Indoor Bowling Greens,Limited. You consider that Worthing Indoor Bowling Greens,Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Worthing Indoor Bowling Greens,Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
15 August 2024
Page 1

 
Worthing Indoor Bowling Greens,Limited
Registered number: 00272258

Balance sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
309,075
326,632

Current assets
  

Stocks
  
5,229
5,234

Debtors: amounts falling due within one year
 5 
1,907
1,752

Bank and cash balances
  
53,075
44,837

  
60,211
51,823

Creditors: amounts falling due within one year
 6 
(46,209)
(44,266)

Net current assets
  
 
 
14,002
 
 
7,557

Total assets less current liabilities
  
323,077
334,189

Creditors: amounts falling due after more than one year
 7 
(69,000)
(74,000)

  

Net assets
  
254,077
260,189


Capital and reserves
  

Profit and loss account
  
254,077
260,189


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr J C Schools
Director
Date: 15 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Worthing Indoor Bowling Greens,Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

The Company is a private company limited by guarantee, incorporated in England and Wales and the registered number is 00272258.
The address of its registered office and principal place of business is: Field Place, The Boulevard, Worthing, West Sussex BN13 1NP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
Worthing Indoor Bowling Greens,Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
600 months
Fixtures and fittings
-
120 months
Playing surface
-
180 months

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
Worthing Indoor Bowling Greens,Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 15).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Playing surface
Total

£
£
£
£



Cost


At 1 May 2023
379,762
198,638
34,333
612,733


Additions
-
1,918
-
1,918



At 30 April 2024

379,762
200,556
34,333
614,651



Depreciation


At 1 May 2023
137,973
124,152
23,976
286,101


Charge for the year on owned assets
7,189
10,000
2,286
19,475



At 30 April 2024

145,162
134,152
26,262
305,576



Net book value



At 30 April 2024
234,600
66,404
8,071
309,075



At 30 April 2023
241,789
74,486
10,357
326,632

Page 5

 
Worthing Indoor Bowling Greens,Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

5.


Debtors

2024
2023
£
£


Trade debtors
6
-

Prepayments and accrued income
1,901
1,752

1,907
1,752



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,195
2,442

Corporation tax
92
22

Other taxation and social security
-
857

Other creditors
14,693
9,052

Accruals and deferred income
26,229
31,893

46,209
44,266



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
69,000
74,000



8.Other financial commitments

At the year-end the Company had a rental commitment amounting to £7,550, relating to a 99-year lease.


Page 6