Greenmount Cricket Club Limited 08356606 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the running of a cricket club Digita Accounts Production Advanced 6.30.9574.0 true true 08356606 2023-04-01 2024-03-31 08356606 2024-03-31 08356606 core:CurrentFinancialInstruments 2024-03-31 08356606 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08356606 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08356606 core:FurnitureFittings 2024-03-31 08356606 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 08356606 core:OtherPropertyPlantEquipment 2024-03-31 08356606 bus:SmallEntities 2023-04-01 2024-03-31 08356606 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08356606 bus:FilletedAccounts 2023-04-01 2024-03-31 08356606 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08356606 bus:RegisteredOffice 2023-04-01 2024-03-31 08356606 bus:Director1 2023-04-01 2024-03-31 08356606 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 08356606 core:FurnitureFittings 2023-04-01 2024-03-31 08356606 core:LandBuildings 2023-04-01 2024-03-31 08356606 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08356606 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08356606 core:PlantMachinery 2023-04-01 2024-03-31 08356606 countries:EnglandWales 2023-04-01 2024-03-31 08356606 2023-03-31 08356606 core:FurnitureFittings 2023-03-31 08356606 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 08356606 core:OtherPropertyPlantEquipment 2023-03-31 08356606 2022-04-01 2023-03-31 08356606 2023-03-31 08356606 core:CurrentFinancialInstruments 2023-03-31 08356606 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08356606 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08356606 core:FurnitureFittings 2023-03-31 08356606 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 08356606 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08356606

Greenmount Cricket Club Limited
Annual Report and
Unaudited Financial Statements

31 March 2024

 

Greenmount Cricket Club Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Greenmount Cricket Club Limited

Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

356,236

327,835

Current assets

 

Stocks

5

-

5,971

Debtors

6

56,248

6,487

Cash at bank and in hand

 

37,385

67,343

 

93,633

79,801

Creditors: Amounts falling due within one year

7

(44,722)

(52,074)

Net current assets

 

48,911

27,727

Total assets less current liabilities

 

405,147

355,562

Creditors: Amounts falling due after more than one year

7

(15,483)

(24,161)

Net assets

 

389,664

331,401

Reserves

 

Retained earnings

389,664

331,401

Surplus

 

389,664

331,401

 

Greenmount Cricket Club Limited

Balance Sheet
31 March 2024

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 1 July 2024 and signed on its behalf by:
 

.........................................
Mr A Skinner
Director

Company Registration Number: 08356606

 

Greenmount Cricket Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

1

General information

The Company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the Company in the event of liquidation.

The address of its registered office is:
Greenmount Cricket Club
Brandlesholme Road
Greenmount
Bury
Lancashire
BL8 4DX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities.

Government grants

Capital grants towards the development of the cricket pitch and the purchase of the scoreboard are accounted for as deferred income and amortised to the income and expenditure account over a ten year period.

 

Greenmount Cricket Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Plant and machinery and other assets

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Greenmount Cricket Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income and expenditure account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 17 (2023 - 21).

 

Greenmount Cricket Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 April 2023

283,327

16,331

126,851

426,509

Additions

-

-

51,401

51,401

Disposals

(4,819)

-

-

(4,819)

At 31 March 2024

278,508

16,331

178,252

473,091

Depreciation

At 1 April 2023

28,693

780

69,201

98,674

Charge for the year

5,481

1,633

11,067

18,181

At 31 March 2024

34,174

2,413

80,268

116,855

Carrying amount

At 31 March 2024

244,334

13,918

97,984

356,236

At 31 March 2023

254,634

15,551

57,650

327,835

Included within the net book value of land and buildings above is £244,334 (2023 - £254,633) in respect of freehold land and buildings.
 

 

Greenmount Cricket Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

5

Stocks

2024
£

2023
£

Raw materials and consumables

-

5,971

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

-

220

Amounts owed by related parties

47,964

-

Prepayments

 

8,284

6,267

 

56,248

6,487

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

5,532

Trade creditors

 

9,415

12,422

Taxation and social security

 

2,305

15,335

Accruals and deferred income

 

33,002

18,785

 

44,722

52,074

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

15,483

24,161

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

-

5,532