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
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
Cape Cornwall Club Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
158,466
158,466
Tangible assets
93,977
101,852
Inventories
293,122
293,122
Cash at bank and in hand
10,089
32,594
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)
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
Cape Cornwall Club Ltd
Notes to the Accounts
for the period from 1 August 2023 to 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company has net liabilities and is reliant upon the continued support of its directors.
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 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.
Cape Cornwall Club Ltd
Notes to the Accounts
for the period from 1 August 2023 to 31 December 2023
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.
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
At 31 December 2023
158,466
At 31 December 2023
158,466
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
At 31 December 2023
22,312
116,518
18,071
156,901
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
At 31 December 2023
22,312
60,493
11,172
93,977
At 31 July 2023
22,312
67,527
12,013
101,852
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Inventories
31/12/2023
31/07/2023
Raw materials
25,286
25,286
Work in progress
267,836
267,836
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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
Creditors: amounts falling due within one year
31/12/2023
31/07/2023
Bank loans and overdrafts
86,171
47,714
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
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
Obligations under finance leases and hire purchase contracts
6,130
9,358
Loans from directors
781,322
662,873
10
Deferred taxation
31/12/2023
31/07/2023
Accelerated capital allowances
3,579
1,872
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).