LMRA Facilities Club Limited 06314910 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the operation of facilities for the parent charity Digita Accounts Production Advanced 6.30.9574.0 true true 06314910 2023-01-01 2023-12-31 06314910 2023-12-31 06314910 bus:OrdinaryShareClass1 2023-12-31 06314910 core:RetainedEarningsAccumulatedLosses 2023-12-31 06314910 core:ShareCapital 2023-12-31 06314910 core:CurrentFinancialInstruments 2023-12-31 06314910 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06314910 core:FurnitureFittingsToolsEquipment 2023-12-31 06314910 bus:SmallEntities 2023-01-01 2023-12-31 06314910 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06314910 bus:FilletedAccounts 2023-01-01 2023-12-31 06314910 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06314910 bus:RegisteredOffice 2023-01-01 2023-12-31 06314910 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 06314910 bus:Director1 2023-01-01 2023-12-31 06314910 bus:Director2 2023-01-01 2023-12-31 06314910 bus:Director3 2023-01-01 2023-12-31 06314910 bus:Director6 2023-01-01 2023-12-31 06314910 bus:Director7 2023-01-01 2023-12-31 06314910 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06314910 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06314910 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06314910 core:ShareCapital 2023-01-01 2023-12-31 06314910 core:FurnitureFittings 2023-01-01 2023-12-31 06314910 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 06314910 countries:EnglandWales 2023-01-01 2023-12-31 06314910 2022-12-31 06314910 core:RetainedEarningsAccumulatedLosses 2022-12-31 06314910 core:ShareCapital 2022-12-31 06314910 core:FurnitureFittingsToolsEquipment 2022-12-31 06314910 2022-01-01 2022-12-31 06314910 2022-12-31 06314910 bus:OrdinaryShareClass1 2022-12-31 06314910 core:CurrentFinancialInstruments 2022-12-31 06314910 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06314910 core:FurnitureFittingsToolsEquipment 2022-12-31 06314910 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 06314910 core:ShareCapital 2022-01-01 2022-12-31 06314910 2021-12-31 06314910 core:RetainedEarningsAccumulatedLosses 2021-12-31 06314910 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06314910

LMRA Facilities Club Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

LMRA Facilities Club Limited

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

LMRA Facilities Club Limited

Company Information

Directors

Mr T Bedwell

Mr N Brasier

Mr G Corfield

Ms G Jarvis

Mr D Stewart

Mr R Warren

Company secretary

Ms G Jarvis

Registered office

London and Middlesex Rifle Association
Bisley Camp
Brookwood
England
GU24 0NY

Accountants

Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
P019 1SY

 

LMRA Facilities Club Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

LMRA Facilities Club Limited

(Registration number: 06314910)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,201

4,398

Current assets

 

Stocks

5

5,756

5,774

Debtors

6

2,274

2,732

Cash at bank and in hand

 

3,947

2,413

 

11,977

10,919

Creditors: Amounts falling due within one year

7

(257,298)

(219,540)

Net current liabilities

 

(245,321)

(208,621)

Net liabilities

 

(242,120)

(204,223)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

(242,122)

(204,225)

Shareholders' deficit

 

(242,120)

(204,223)

For the financial year ending 31 December 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 4 June 2024 and signed on its behalf by:
 

 

LMRA Facilities Club Limited

(Registration number: 06314910)
Balance Sheet as at 31 December 2023

.........................................
Mr R Warren
Director

 

LMRA Facilities Club Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

2

(204,225)

(204,223)

Loss for the year

-

(37,897)

(37,897)

At 31 December 2023

2

(242,122)

(242,120)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

2

(162,117)

(162,115)

Loss for the year

-

(42,108)

(42,108)

At 31 December 2022

2

(204,225)

(204,223)

 

LMRA Facilities Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company (reg. no. 06314910) is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
London and Middlesex Rifle Association
Bisley Camp
Brookwood
England
GU24 0NY

These financial statements were authorised for issue by the Board on 4 June 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have considered the indebtedness of the company together with the impact on the revenue of the business of Covid and the lockdowns imposed by the Government to limit the spread of the virus. The majority of outstanding debt is the balance the company owes to its parent, the LMRA charity, which has confirmed that it does not intend calling on the debt within the next twelve months. It is the belief of the directors that the continued support of the parent charity, the new management structure of the company and the improvements in activity seen as the economy has reopened means that the company remains a viable going concern.

Revenue recognition

Turnover 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. Turnover is shown net of sales/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.

 

LMRA Facilities Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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.

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

Fixtures and fittings

25% Straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

 

LMRA Facilities Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 10).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

35,916

35,916

Additions

751

751

At 31 December 2023

36,667

36,667

Depreciation

At 1 January 2023

31,518

31,518

Charge for the year

1,948

1,948

At 31 December 2023

33,466

33,466

Carrying amount

At 31 December 2023

3,201

3,201

At 31 December 2022

4,398

4,398

5

Stocks

2023
£

2022
£

Other inventories

5,756

5,774

 

LMRA Facilities Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

debtors

Current

2023
£

2022
£

Trade debtors

190

583

Prepayments

2,084

2,149

 

2,274

2,732

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

1,741

3,759

Amounts owed to group undertakings and undertakings in which the company has a participating interest

241,020

202,940

Taxation and social security

 

6,280

4,097

Accruals and deferred income

 

3,414

6,889

Other creditors

 

4,843

1,855

 

257,298

219,540

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Parent and ultimate parent undertaking

The name of the company's parent and ultimate parent is London & Middlesex Rifle Association, Bisley Camp, Brookwood, Surrey, GU24 0NY. Copies of the consolidated accounts can be obtained from the Charity Commission website.