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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
Page
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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
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THE WALBROOK CLUB LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
69,505 
16,702 
Current assets
Inventories
4,607 
4,607 
Debtors
81,635 
64,218 
Cash at bank and in hand
453,532 
385,993 
539,774 
454,818 
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)
Capital and reserves
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
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THE WALBROOK CLUB LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
3,000 
At 30 November 2023
3,000 
Amortisation
At 1 December 2022
3,000 
At 30 November 2023
3,000 
Net book value
At 30 November 2023
- 
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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 
Depreciation
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 
Net book value
At 30 November 2023
39,629 
12,124 
17,752 
69,505 
At 30 November 2022
14,633 
1,726 
343 
16,702 
6
Debtors
2023 
2022 
£ 
£ 
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 
81,635 
64,218 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
22,370 
35,476 
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 
Accruals
218,823 
250,504 
Deferred income
195,266 
153,078 
2,749,558 
2,800,959 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,825 
17,740 
9
Average number of employees
During the year the average number of employees was 12 (2022: 10).
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