Company registration number:
14958538
Shropshire County Cricket Club Limited
Company limited by guarantee
Unaudited filleted financial statements
31 January 2024
Shropshire County Cricket Club Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Shropshire County Cricket Club Limited
Company limited by guarantee
Statement of financial position
31 January 2024
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31/01/24 |
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Note |
£ |
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£ |
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Current assets |
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Debtors |
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5 |
34,500 |
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Cash at bank and in hand |
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19,014 |
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_______ |
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53,514 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
5,040) |
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_______ |
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Net current assets |
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48,474 |
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_______ |
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Total assets less current liabilities |
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48,474 |
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_______ |
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Net assets |
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48,474 |
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_______ |
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Capital and reserves |
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Capital introduced |
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25,440 |
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Profit and loss account |
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23,034 |
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_______ |
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Members funds |
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48,474 |
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_______ |
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For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 August 2024
, and are signed on behalf of the board by:
Mr David Richard Lees
Director
Company registration number:
14958538
Shropshire County Cricket Club Limited
Company limited by guarantee
Notes to the financial statements
Period ended 31 January 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Income is recognised when the directors are legally entitled to it after any performance conditions have been met, the amounts can e measured reliably and it is probable that income will be received. Donations are recognised once the directors have been notified of the donation, unless performance conditions require deferral of the amount.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Limited by guarantee
The liability of the members is limited to a maximum of £1 per member upon winding up of the company.
5.
Debtors
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31/01/24 |
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£ |
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Other debtors |
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34,500 |
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_______ |
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6.
Creditors: amounts falling due within one year
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31/01/24 |
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£ |
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Other creditors |
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5,040 |
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_______ |
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