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REGISTERED NUMBER: 08175549 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CENTURY CLUB LIMITED

CENTURY CLUB LIMITED (REGISTERED NUMBER: 08175549)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTURY CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S D'Alton
D McKay





REGISTERED OFFICE: 61-63 Shaftesbury Avenue
London
W1D 6LD





REGISTERED NUMBER: 08175549 (England and Wales)





ACCOUNTANTS: Anthonisz Neville LLP
1st Floor
105-111 Euston Street
London
NW1 2EW

CENTURY CLUB LIMITED (REGISTERED NUMBER: 08175549)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,338 55,847
Tangible assets 5 614,764 639,243
637,102 695,090

CURRENT ASSETS
Stocks 38,902 79,766
Debtors 6 469,810 501,767
Cash at bank 714,845 592,440
1,223,557 1,173,973
CREDITORS
Amounts falling due within one year 7 1,450,395 1,415,924
NET CURRENT LIABILITIES (226,838 ) (241,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,264

453,139

CREDITORS
Amounts falling due after more than one
year

8

131,759

172,743
NET ASSETS 278,505 280,396

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 278,305 280,196
278,505 280,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CENTURY CLUB LIMITED (REGISTERED NUMBER: 08175549)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





S D'Alton - Director


CENTURY CLUB LIMITED (REGISTERED NUMBER: 08175549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Century Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on straight line, 20% on straight line, 15% on straight line and 10% on straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CENTURY CLUB LIMITED (REGISTERED NUMBER: 08175549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Changes in accounting policy
Financial Instruments
Financial assets and liabilities are recognised when the company become a party to the contractual provision of the instruments.
Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at transaction price.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term bank deposits with an original maturity of three months or less.

Revenue from Contracts with Customers
The company has adopted IFRS 15 'Revenue from Contract with Customer' which introduces a new five-step approach to measuring and recognising revenue from contracts with customers. Under IFRS 15, revenue is recognised at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer.

The company has implemented IFRS 15 by adopting the modified retrospective approach and has considered there to be no material deviation in the revenue recognition as compared to the superseded standard IAS 18. However, with respect to the treatment of commission costs associated with generating such revenues, no changes and effects to financial statements was incurred.

Under IFRS 15, an entity is regarded as a principal if it controls a service prior to transfer to the customer. Fund revenues and expenses are therefore recognised on a gross basis in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 68 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 505,084
AMORTISATION
At 1 January 2023 449,237
Charge for year 33,509
At 31 December 2023 482,746
NET BOOK VALUE
At 31 December 2023 22,338
At 31 December 2022 55,847

CENTURY CLUB LIMITED (REGISTERED NUMBER: 08175549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,351,985
Additions 93,542
At 31 December 2023 1,445,527
DEPRECIATION
At 1 January 2023 712,742
Charge for year 118,021
At 31 December 2023 830,763
NET BOOK VALUE
At 31 December 2023 614,764
At 31 December 2022 639,243

6. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Trade debtors 75,445 40,035
Other debtors 69,365 136,732
144,810 176,767

Amounts falling due after more than one year:
Other debtors 325,000 325,000

Aggregate amounts 469,810 501,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
VAT on deposit 15,460 9,275
Trade creditors 525,973 599,253
Taxation and social security 144,979 124,237
Other creditors 763,983 683,159
1,450,395 1,415,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 131,759 172,743