BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is a community amateur sports club, promoting the sport of skydiving within Northern Ireland. 3 October 2024 0 0 NI688654 2024-05-31 NI688654 2023-05-31 NI688654 2022-05-31 NI688654 2023-06-01 2024-05-31 NI688654 2022-06-01 2023-05-31 NI688654 uk-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 NI688654 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI688654 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI688654 uk-bus:FullAccounts 2023-06-01 2024-05-31 NI688654 uk-bus:Director1 2023-06-01 2024-05-31 NI688654 uk-bus:RegisteredOffice 2023-06-01 2024-05-31 NI688654 uk-bus:Agent1 2023-06-01 2024-05-31 NI688654 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI688654 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI688654 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI688654 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI688654 uk-bus:FRS102 2023-06-01 2024-05-31 NI688654 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 NI688654 uk-core:CurrentFinancialInstruments 2024-05-31 NI688654 uk-core:CurrentFinancialInstruments 2023-05-31 NI688654 uk-core:WithinOneYear 2024-05-31 NI688654 uk-core:WithinOneYear 2023-05-31 NI688654 2023-06-01 2024-05-31 NI688654 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI688654
 
 
Wild Geese Skydiving Club Limited
(A company limited by guarantee, not having a share capital)
 
Unaudited Financial Statements
 
for the financial year ended 31 May 2024
Wild Geese Skydiving Club Limited
(A company limited by guarantee, not having a share capital)
Director and Other Information

 
Director Ailbhe Woods
 
 
Company Registration Number NI688654
 
 
Registered Office Movenis Airfield
Carrowreagh Road
Garvagh
Co. Antrim
BT51 5LQ
United Kingdom
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Accountants
12 Cromac Place,
The Gasworks,
Belfast
BT7 2JB
 
 
Bankers Starling Bank
  7th Floor
  Norfolk House
  31 James' Square
  London
  SW1Y 4JR
  United Kingdom
 
   
Solicitors Wilson Nesbitt
  36 Alfred Street
  Belfast
  Co. Antrim
  BT2 8EP
  Northern Ireland



Wild Geese Skydiving Club Limited
(A company limited by guarantee, not having a share capital)
Company Registration Number: NI688654
Statement of Financial Position
as at 31 May 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 734 -
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Current Assets
Debtors 5 49,910 24,190
Cash and cash equivalents 624 -
───────── ─────────
50,534 24,190
───────── ─────────
Creditors: amounts falling due within one year 6 (48,989) (24,190)
───────── ─────────
Net Current Assets/(Liabilities) 1,545 -
───────── ─────────
Total Assets less Current Liabilities 2,279 -
═════════ ═════════
 
Reserves
Retained surplus 2,279 -
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Equity attributable to owners of the company 2,279 -
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 3 October 2024
           
           
________________________________          
Ailbhe Woods          
Director          
           



Wild Geese Skydiving Club Limited
Notes to the Financial Statements
for the financial year ended 31 May 2024

   
1. General Information
 
Wild Geese Skydiving Club Limited is a company limited by guarantee incorporated and registered in Northern Ireland. The registered number of the company is NI688654. The registered office of the company is Movenis Airfield, Carrowreagh Road, Garvagh, Co. Antrim, BT51 5LQ, United Kingdom. The principal activity of the company is a community amateur sports club, promoting the sport of skydiving within Northern Ireland. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Income
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable income for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable income and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2.
       
4. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 June 2023 - -
Additions 918 918
  ───────── ─────────
At 31 May 2024 918 918
  ───────── ─────────
Depreciation
At 1 June 2023 - -
Charge for the financial year 184 184
  ───────── ─────────
At 31 May 2024 184 184
  ───────── ─────────
Net book value
At 31 May 2024 734 734
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Taxation 150 -
Prepayments and accrued income 49,760 24,190
  ───────── ─────────
  49,910 24,190
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 247 -
Taxation 362 -
Accruals 48,380 24,190
  ───────── ─────────
  48,989 24,190
  ═════════ ═════════
       
7. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2024.
   
8. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.