1 September 2022 false No description of principal activity Taxfiler 2024.5 13555501business:PrivateLimitedCompanyLtd2022-09-012023-08-31 135555012022-08-31 135555012022-09-012023-08-31 13555501business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 13555501business:FilletedAccounts2022-09-012023-08-31 135555012023-08-31 13555501business:Director12022-09-012023-08-31 13555501business:Director22022-09-012023-08-31 13555501business:RegisteredOffice2022-09-012023-08-31 135555012022-08-31 13555501core:WithinOneYear2023-08-31 13555501core:WithinOneYear2022-08-31 13555501core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 13555501core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 13555501core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 13555501core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 13555501core:PreviouslyStatedAmount2023-08-31 13555501core:PreviouslyStatedAmount2022-08-31 13555501business:SmallEntities2022-09-012023-08-31 13555501countries:EnglandWales2022-09-012023-08-31 13555501core:AfterOneYear2023-08-31 13555501core:AfterOneYear2022-08-31 135555012021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 13555501 (England and Wales)
The Developers Club Limited Unaudited accounts for the year ended 31 August 2023
The Developers Club Limited Unaudited accounts Contents
Page
- 2 -
The Developers Club Limited Company Information for the year ended 31 August 2023
Directors
Shiromani Padmanabham Rauniar Tex Thomas Jones
Company Number
13555501 (England and Wales)
Registered Office
THE DEVELOPERS CLUB 2ND FLOOR, BERKLEY S BERKLEY SQUARE LONDON London W1J 6BD ENGLAND
Accountants
Enso Accountants Ltd
- 3 -
The Developers Club Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
106,775 
103 
Cash at bank and in hand
16,670 
- 
123,445 
103 
Creditors: amounts falling due within one year
(33,190)
(3,644)
Net current assets/(liabilities)
90,255 
(3,541)
Net assets/(liabilities)
90,255 
(3,541)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
90,155 
(3,641)
Shareholders' funds
90,255 
(3,541)
For the year ending 31 August 2023 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 19 May 2024 and were signed on its behalf by
Shiromani Padmanabham Rauniar Director Company Registration No. 13555501
- 4 -
The Developers Club Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
The Developers Club Limited is a private company, limited by shares, registered in England and Wales, registration number 13555501. The registered office is THE DEVELOPERS CLUB 2ND FLOOR, BERKLEY S, BERKLEY SQUARE, LONDON, London, W1J 6BD, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognized 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.
Debtors
Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognized at transaction price including any transaction costs and subsequently measured at amortized cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognized at transaction price net of any transaction costs and subsequently measured at amortized cost determined using the effective interest method.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
The Developers Club Limited Notes to the Accounts for the year ended 31 August 2023
Going Concern
The management has assessed the company's ability to continue as a going concern for the foreseeable future, typically at least twelve months from the date of the financial statements. This assessment is based on the company's current financial position, operational performance, cash flow forecasts, and available credit facilities. The company's financial statements reflect the ongoing operations of the business and the ability to meet its financial obligations as they become due. In making this assessment, management has made certain assumptions about future performance, including market conditions, economic trends, and the company's ability to execute its strategic plans. Management continuously monitors and evaluates potential risks and uncertainties that could impact the company's ability to continue as a going concern. Appropriate actions will be taken to mitigate these risks if necessary. Any material uncertainties or events that could cast significant doubt on the company's ability to continue as a going concern are disclosed in the financial statements. Based on the assessment conducted, management concludes that the company is a going concern and will continue to operate in the foreseeable future.
Cash at bank and in hand
The company establishes and maintains relationships with reputable financial institutions for its banking needs. These relationships include maintaining operating accounts, investment accounts, and credit facilities as necessary. Bank reconciliations are performed regularly to reconcile cash balances in the company's records with bank statements. Any discrepancies are investigated and resolved promptly. If applicable, procedures for managing petty cash funds are established, including guidelines for reimbursement, documentation of expenses, and periodic reconciliations. The cash at bank and in hand policy complies with relevant accounting standards and regulations regarding the recording, reconciliation, and reporting of cash balances in financial statements. All cash transactions, including bank statements, reconciliations, and supporting documentation, are properly documented and retained as part of the company's financial records.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,097 
- 
Other debtors
92,678 
- 
106,775 
- 
Amounts falling due after more than one year
Trade debtors
- 
103 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
74 
74 
VAT
5,685 
- 
Trade creditors
520 
520 
Taxes and social security
24,560 
768 
Non-equity preference shares
500 
500 
Other creditors
1,851 
1,782 
33,190 
3,644 
- 6 -
The Developers Club Limited Notes to the Accounts for the year ended 31 August 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 0).
- 7 -