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REGISTERED NUMBER: 01893117 (England and Wales)















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: Mr A Akers
Mr M P Kerfoot
Mrs J Carr
Mr D I Simm
Mr P Bamber
Mr S Kerfoot





REGISTERED OFFICE: 314-316 Preston Road
Clayton-le-Woods
Chorley
Lancashire
PR6 7HZ





REGISTERED NUMBER: 01893117 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
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 1,667 2,223

CURRENT ASSETS
Stocks 541 324
Debtors 5 - 2,434
Cash at bank and in hand 33,389 29,087
33,930 31,845
CREDITORS
Amounts falling due within one year 6 1,642 1,353
NET CURRENT ASSETS 32,288 30,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,955

32,715

RESERVES
Income and expenditure account 33,955 32,715
33,955 32,715

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 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.

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 28th July 2024 and were signed on its behalf by:





Mr D I Simm - Director


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
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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Trailer - 25% on reducing balance
Competition equipment - 25% on reducing balance
Internal social equipment - 15% on reducing balance
External social equipment - 15% on reducing balance

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 6 (2023 - 6 ) .

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 12,445 1,065 3,175 5,862 22,547
DEPRECIATION
At 31st March 2023 11,557 1,065 2,878 4,824 20,324
Charge for period 222 - 74 260 556
At 31st December 2023 11,779 1,065 2,952 5,084 20,880
NET BOOK VALUE
At 31st December 2023 666 - 223 778 1,667
At 30th March 2023 888 - 297 1,038 2,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.3.23
£    £   
Prepayments - 2,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.3.23
£    £   
Accruals and deferred income 1,642 1,353

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.