Company Registration No. 03578810 (England and Wales)
THE WALBROOK CLUB LIMITED
Unaudited accounts
for the year ended 30 November 2023
THE WALBROOK CLUB LIMITED
Unaudited accounts
Contents
THE WALBROOK CLUB LIMITED
Company Information
for the year ended 30 November 2023
Director
Mr Philip Palumbo
Company Number
03578810 (England and Wales)
Registered Office
37A WALBROOK
LONDON
EC4N 8BS
THE WALBROOK CLUB LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
69,505
16,702
Cash at bank and in hand
453,532
385,993
Creditors: amounts falling due within one year
(2,749,558)
(2,800,959)
Net current liabilities
(2,209,784)
(2,346,141)
Total assets less current liabilities
(2,140,279)
(2,329,439)
Creditors: amounts falling due after more than one year
(12,825)
(17,740)
Net liabilities
(2,153,104)
(2,347,179)
Called up share capital
2,769,000
2,769,000
Share premium
2,810,000
2,810,000
Profit and loss account
(7,732,104)
(7,926,179)
Shareholders' funds
(2,153,104)
(2,347,179)
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Mr Philip Palumbo
Director
Company Registration No. 03578810
THE WALBROOK CLUB LIMITED
Notes to the Accounts
for the year ended 30 November 2023
THE WALBROOK CLUB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03578810. The registered office is 37A WALBROOK, LONDON, EC4N 8BS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
5% Straight Line
Fixtures & fittings
33.33% Straight Line and 25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
THE WALBROOK CLUB LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
1,261,264
594,762
67,730
1,923,756
Additions
26,525
12,982
19,232
58,739
At 30 November 2023
1,287,789
607,744
86,962
1,982,495
At 1 December 2022
1,246,631
593,036
67,387
1,907,054
Charge for the year
1,529
2,584
1,823
5,936
At 30 November 2023
1,248,160
595,620
69,210
1,912,990
At 30 November 2023
39,629
12,124
17,752
69,505
At 30 November 2022
14,633
1,726
343
16,702
Amounts falling due within one year
Trade debtors
(10,833)
(32,065)
Accrued income and prepayments
32,442
36,257
Other debtors
60,026
60,026
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
190,641
265,974
Taxes and social security
16,538
13,184
Other creditors
659,070
629,591
Loans from directors
1,446,850
1,453,152
Deferred income
195,266
153,078
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 12 (2022: 10).