IRIS Accounts Production v24.2.0.383 00888348 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008883482022-12-31008883482023-12-31008883482023-01-012023-12-31008883482021-12-31008883482022-01-012022-12-31008883482022-12-3100888348ns15:EnglandWales2023-01-012023-12-3100888348ns14:PoundSterling2023-01-012023-12-3100888348ns10:Director12023-01-012023-12-3100888348ns10:CompanyLimitedByGuarantee2023-01-012023-12-3100888348ns10:SmallEntities2023-01-012023-12-3100888348ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100888348ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100888348ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100888348ns10:FullAccounts2023-01-012023-12-3100888348ns5:CurrentFinancialInstruments2023-12-3100888348ns5:CurrentFinancialInstruments2022-12-3100888348ns5:RetainedEarningsAccumulatedLosses2023-12-3100888348ns5:RetainedEarningsAccumulatedLosses2022-12-3100888348ns10:RegisteredOffice2023-01-012023-12-3100888348ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3100888348ns5:PlantMachinery2023-01-012023-12-3100888348ns5:FurnitureFittings2023-01-012023-12-3100888348ns5:ComputerEquipment2023-01-012023-12-3100888348ns5:LandBuildings2022-12-3100888348ns5:PlantMachinery2022-12-3100888348ns5:FurnitureFittings2022-12-3100888348ns5:ComputerEquipment2022-12-3100888348ns5:LandBuildings2023-01-012023-12-3100888348ns5:LandBuildings2023-12-3100888348ns5:PlantMachinery2023-12-3100888348ns5:FurnitureFittings2023-12-3100888348ns5:ComputerEquipment2023-12-3100888348ns5:LandBuildings2022-12-3100888348ns5:PlantMachinery2022-12-3100888348ns5:FurnitureFittings2022-12-3100888348ns5:ComputerEquipment2022-12-3100888348ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100888348ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100888348ns5:RetainedEarningsAccumulatedLosses2022-12-3100888348ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 00888348 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OAKLEIGH LODGE SOCIAL CLUB LIMITED

OAKLEIGH LODGE SOCIAL CLUB LIMITED (REGISTERED NUMBER: 00888348)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


OAKLEIGH LODGE SOCIAL CLUB LIMITED (REGISTERED NUMBER: 00888348)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 772,264 752,992

CURRENT ASSETS
Stocks 5 20,553 22,700
Debtors 6 3,974 10,225
Cash at bank and in hand 21,212 19,869
45,739 52,794
CREDITORS
Amounts falling due within one year 7 114,817 52,630
NET CURRENT (LIABILITIES)/ASSETS (69,078 ) 164
TOTAL ASSETS LESS CURRENT
LIABILITIES

703,186

753,156

RESERVES
Income and expenditure account 8 703,186 753,156
MEMBERS' FUNDS 703,186 753,156

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 director acknowledges her 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 director and authorised for issue on 24 March 2024 and were signed by:





Miss S Wilkinson - Director


OAKLEIGH LODGE SOCIAL CLUB LIMITED (REGISTERED NUMBER: 00888348)

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

1. STATUTORY INFORMATION

Oakleigh Lodge Social Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00888348

Registered office: 1 Highbury Road
Nottingham
Nottinghamshire
NG6 9DD

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 as modified by the revaluation of certain assets.

Turnover
The company's turnover represents the value, excluding value added tax, of bar takings and other sundry income supplied to United Kingdom customers during the year and is attributable to the principal activity.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

No depreciation is provided on freehold property. It is the company's practice to maintain the property in a continual state of sound repair and make improvements thereto from time to time and accordingly the directors consider that the useful economic life of the property is so long and residual value, based on prices prevailing at the time of acquisition or subsequent valuation, is so high that depreciation is insignificant. The directors consider this treatment necessary in order to show a true and fair view. Any diminution in value of the property is charged to the profit and loss account as appropriate.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

OAKLEIGH LODGE SOCIAL CLUB LIMITED (REGISTERED NUMBER: 00888348)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 750,000 13,837 97,161 1,879 862,877
Additions - 26,626 - - 26,626
At 31 December 2023 750,000 40,463 97,161 1,879 889,503
DEPRECIATION
At 1 January 2023 - 12,180 95,856 1,849 109,885
Charge for year - 7,021 326 7 7,354
At 31 December 2023 - 19,201 96,182 1,856 117,239
NET BOOK VALUE
At 31 December 2023 750,000 21,262 979 23 772,264
At 31 December 2022 750,000 1,657 1,305 30 752,992

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2010 (73,491 ) - - - (73,491 )
Cost 823,491 40,463 97,161 1,879 962,994
750,000 40,463 97,161 1,879 889,503

Freehold property was valued on an open market basis on 2 November 2010 by Robert Ellis & Co. Ltd.

5. STOCKS
31/12/23 31/12/22
£    £   
Stocks 20,553 22,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other debtors 1,532 7,922
Prepayments 2,442 2,303
3,974 10,225

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 81 -
Trade creditors 36,907 7,476
Social security and other taxes 34,546 19,385
VAT 35,015 15,182
Other creditors 68 1,367
Accrued expenses 8,200 9,220
114,817 52,630

OAKLEIGH LODGE SOCIAL CLUB LIMITED (REGISTERED NUMBER: 00888348)

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

8. RESERVES
Income
and
expenditure
account
£   

At 1 January 2023 753,156
Deficit for the year (49,970 )
At 31 December 2023 703,186