New Cleethorpes Constitutional Club Limited |
Company Information |
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Directors |
I England - resigned 9th October 2023 |
M J Goodwin - resigned 24th May 2023 |
C P Tully - resigned 19th April 2024 |
M Sargent - resigned 22 February 2023 |
J M Rhodes - resigned 1st February 2024 |
L Barker - resigned 1st February 2023 |
D McGregor - resigned 2nd May 2024 |
J Beckett - appointed 24th May 2023 - resigned 9th October 2023 |
D Cook - appointed 24th May 2023 |
M Parker - appointed 24th May 2023 |
M Phillips - Co-opted 1st March 2024 |
M Wilde - Co-opted 1st March 2024 |
K Southwell - Co-opted 1st March 2024 |
J Yates – Co-opted on 8 July 2024 |
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Secretary |
D Silcox - resigned 31st October 2023 |
S Marshall – appointed on 1 January 2024 resigned on 1 May 2024 |
T Clark - appointed 3rd June 2024 |
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Accountants |
Katie Sauvage Accountancy Services Ltd |
12 Pilgrims Close |
South Killingholme |
Immingham |
North Lincolnshire |
DN40 3HU |
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Bankers |
National Westminster Bank Plc |
39 Grimsby Road |
Cleethorpes |
North East Lincolnshire |
DN35 7GB |
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Registered office |
The Club |
179 Grimsby Road |
Cleethorpes |
North East Lincolnshire |
DN35 7DJ |
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Registered number |
00111954 |
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New Cleethorpes Constitutional Club Limited |
Registered number: |
00111954 |
Directors' Report |
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The directors present their report and accounts for the year ended 31 January 2024. |
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Principal activities |
The company's principal activity during the year continued to be operating a members club. |
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Directors |
The following persons served as directors during the year: |
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I England - resigned 9th October 2023 |
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M J Goodwin - resigned 24th May 2023 |
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C P Tully - resigned 19th April 2024 |
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M Sargent - resigned 22 February 2023 |
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J M Rhodes - resigned 1st February 2024 |
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L Barker - resigned 1st February 2023 |
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D McGregor - resigned 2nd May 2024 |
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J Beckett - appointed 24th May 2023 - resigned 9th October 2023 |
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D Cook - appointed 24th May 2023 |
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M Parker - appointed 24th May 2023 |
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M Phillips - Co-opted 1st March 2024 |
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M Wilde - Co-opted 1st March 2024 |
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K Southwell - Co-opted 1st March 2024 |
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J Yates – Co-opted on 8 July 2024 |
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 20 August 2024 and signed on its behalf. |
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Mr D Cook |
Director |
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New Cleethorpes Constitutional Club Limited |
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Report to the directors on the preparation of the unaudited statutory accounts of New Cleethorpes Constitutional Club Limited for the year ended 31 January 2024 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of New Cleethorpes Constitutional Club Limited for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
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Katie Sauvage Accountancy Services Ltd |
Chartered Certified Accountants |
12 Pilgrims Close |
South Killingholme |
Immingham |
North Lincolnshire |
DN40 3HU |
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20 August 2024 |
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New Cleethorpes Constitutional Club Limited |
Notes to the Accounts |
for the year ended 31 January 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Improvements to property |
over 10 years |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 10 years |
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Freehold property is shown at a previous UK GAAP revaluation, which has been used as deemed cost on transition to FRS102. All other assets are stated at cost less depreciation. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making allowance for obsolete and slow moving items. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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The Company operates a defined contribution pension scheme. Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
10 |
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13 |
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Fixtures and fittings |
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Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2023 |
146,388 |
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32,067 |
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99,698 |
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278,153 |
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Additions |
- |
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2,453 |
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- |
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2,453 |
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At 31 January 2024 |
146,388 |
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34,520 |
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99,698 |
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280,606 |
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Depreciation |
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At 1 February 2023 |
67,347 |
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29,088 |
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99,698 |
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196,133 |
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Charge for the year |
2,928 |
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3,026 |
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- |
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5,954 |
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At 31 January 2024 |
70,275 |
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32,114 |
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99,698 |
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202,087 |
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Net book value |
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At 31 January 2024 |
76,113 |
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2,406 |
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- |
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78,519 |
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At 31 January 2023 |
79,041 |
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2,979 |
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- |
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82,020 |
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Freehold land and buildings: |
2024 |
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2023 |
£ |
£ |
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Historical cost |
66,719 |
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66,719 |
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Cumulative depreciation based on historical cost |
35,215 |
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33,881 |
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31,504 |
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32,838 |
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The freehold property was professionally valued on 31 January 1980 at £118,000. |
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Freehold property is shown at a previous UK GAAP revaluation, which has been used as deemed cost at the date of transition to FRS102 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
1,588 |
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4,728 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
15,527 |
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10,648 |
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Taxation and social security costs |
11,279 |
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4,715 |
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Other creditors |
6,870 |
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7,482 |
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33,676 |
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22,845 |
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6 |
Revaluation reserve |
2024 |
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2023 |
£ |
£ |
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At 1 February 2023 |
75,181 |
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75,181 |
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At 31 January 2024 |
75,181 |
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75,181 |
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7 |
Other financial commitments |
2024 |
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2023 |
£ |
£ |
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Total future minimum payments under non-cancellable operating leases |
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1,476 |
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4,008 |
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8 |
Related party transactions |
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During the year there were the following related party transactions: |
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J Rhodes - Director until 1st February 2024 |
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During the year, one of the properties owned by the company is rented to Mr J Rhodes, a director of the company. Rent of £5,100 (2023 : £5,100) is charged at full market value, included in debtors is an amount outstanding of £0 (2023 : £1,515). |
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9 |
Controlling party |
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The company is controlled by it's members. |
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10 |
Other information |
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New Cleethorpes Constitutional Club Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Club |
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179 Grimsby Road |
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Cleethorpes |
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North East Lincolnshire |
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DN35 7DJ |