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Company Registration No. 11974071 (England and Wales)
Cape Cornwall Club Ltd Unaudited accounts for the period from 1 August 2023 to 31 December 2023
Cape Cornwall Club Ltd Unaudited accounts Contents
Page
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Cape Cornwall Club Ltd Company Information for the period from 1 August 2023 to 31 December 2023
Directors
Andrew Cleary Leanne Cleary
Company Number
11974071 (England and Wales)
Registered Office
Cape Cornwall Road St Just Cornwall TR19 7NL England
Accountants
Darroch Accountancy Ltd 9 Old Foundry Close St Just Cornwall TR19 7QS
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Cape Cornwall Club Ltd Statement of financial position as at 31 December 2023
31/12/2023 
31/07/2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
158,466 
158,466 
Tangible assets
93,977 
101,852 
252,443 
260,318 
Current assets
Inventories
293,122 
293,122 
Debtors
8,377 
15,242 
Cash at bank and in hand
10,089 
32,594 
311,588 
340,958 
Creditors: amounts falling due within one year
(206,142)
(238,781)
Net current assets
105,446 
102,177 
Total assets less current liabilities
357,889 
362,495 
Creditors: amounts falling due after more than one year
(855,047)
(759,707)
Provisions for liabilities
Deferred tax
(3,579)
(1,872)
Net liabilities
(500,737)
(399,084)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(500,937)
(399,284)
Shareholders' funds
(500,737)
(399,084)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Andrew Cleary Director Company Registration No. 11974071
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Cape Cornwall Club Ltd Notes to the Accounts for the period from 1 August 2023 to 31 December 2023
1
Statutory information
Cape Cornwall Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 11974071. The registered office is Cape Cornwall Road, St Just, Cornwall, TR19 7NL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company has net liabilities and is reliant upon the continued support of its directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Cape Cornwall Club Ltd Notes to the Accounts for the period from 1 August 2023 to 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
158,466 
At 31 December 2023
158,466 
Amortisation
At 1 August 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
158,466 
At 31 July 2023
158,466 
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Cape Cornwall Club Ltd Notes to the Accounts for the period from 1 August 2023 to 31 December 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
22,312 
116,518 
17,613 
156,443 
Additions
- 
- 
458 
458 
At 31 December 2023
22,312 
116,518 
18,071 
156,901 
Depreciation
At 1 August 2023
- 
48,991 
5,600 
54,591 
Charge for the period
- 
7,034 
1,299 
8,333 
At 31 December 2023
- 
56,025 
6,899 
62,924 
Net book value
At 31 December 2023
22,312 
60,493 
11,172 
93,977 
At 31 July 2023
22,312 
67,527 
12,013 
101,852 
6
Inventories
31/12/2023 
31/07/2023 
£ 
£ 
Raw materials
25,286 
25,286 
Work in progress
267,836 
267,836 
293,122 
293,122 
7
Debtors
31/12/2023 
31/07/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,355 
10,274 
Accrued income and prepayments
7,022 
4,968 
8,377 
15,242 
8
Creditors: amounts falling due within one year
31/12/2023 
31/07/2023 
£ 
£ 
Bank loans and overdrafts
86,171 
47,714 
VAT
34,036 
24,401 
Obligations under finance leases and hire purchase contracts
9,360 
9,360 
Trade creditors
74,175 
142,739 
Taxes and social security
1,523 
7,894 
Other creditors
877 
6,673 
206,142 
238,781 
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Cape Cornwall Club Ltd Notes to the Accounts for the period from 1 August 2023 to 31 December 2023
9
Creditors: amounts falling due after more than one year
31/12/2023 
31/07/2023 
£ 
£ 
Bank loans
67,595 
87,476 
Obligations under finance leases and hire purchase contracts
6,130 
9,358 
Loans from directors
781,322 
662,873 
855,047 
759,707 
10
Deferred taxation
31/12/2023 
31/07/2023 
£ 
£ 
Accelerated capital allowances
3,579 
1,872 
31/12/2023 
31/07/2023 
£ 
£ 
Provision at start of period
1,872 
- 
Charged to the profit and loss account
1,707 
1,872 
Provision at end of period
3,579 
1,872 
11
Share capital
31/12/2023 
31/07/2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
12
Average number of employees
During the period the average number of employees was 30 (31/07/2023: 30).
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