REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31st March 2023 to 31st December 2023 |
for |
RED ROSE LAND ROVER CLUB LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31st March 2023 to 31st December 2023 |
for |
RED ROSE LAND ROVER CLUB LIMITED |
RED ROSE LAND ROVER CLUB LIMITED (REGISTERED NUMBER: 01893117) |
Contents of the Financial Statements |
for the Period 31st March 2023 to 31st December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
RED ROSE LAND ROVER CLUB LIMITED |
Company Information |
for the Period 31st March 2023 to 31st December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
41 St Thomas's Road |
Chorley |
Lancashire |
PR7 1JE |
RED ROSE LAND ROVER CLUB LIMITED (REGISTERED NUMBER: 01893117) |
Balance Sheet |
31st December 2023 |
31.12.23 | 30.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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 surplus or deficit 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. |
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 |
RED ROSE LAND ROVER CLUB LIMITED (REGISTERED NUMBER: 01893117) |
Notes to the Financial Statements |
for the Period 31st March 2023 to 31st December 2023 |
1. | STATUTORY INFORMATION |
Red Rose Land Rover Club Limited is a private company, limited by guarantee, registered in England. 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 |
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for members subscriptions and other club income sources. |
Tangible fixed assets |
Trailer | - |
Competition equipment | - |
Internal social equipment | - |
External social equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
Impairment of assets |
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
RED ROSE LAND ROVER CLUB LIMITED (REGISTERED NUMBER: 01893117) |
Notes to the Financial Statements - continued |
for the Period 31st March 2023 to 31st December 2023 |
4. | TANGIBLE FIXED ASSETS |
Internal | External |
Competition | social | social |
Trailer | equipment | equipment | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 31st March 2023 |
and 31st December 2023 |
DEPRECIATION |
At 31st March 2023 |
Charge for period |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 30th March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.3.23 |
£ | £ |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.3.23 |
£ | £ |
Accruals and deferred income |
7. | SHARE CAPITAL |
The company is limited by guarantee without share capital. In the event of the company being wound up, each member would have a maximum liability of £1. |