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REGISTERED NUMBER: 05195514 (England and Wales)














Financial Statements

for the Year Ended 31st March 2024

for

FALCON S.A. GYMNASTICS CLUB LIMITED

FALCON S.A. GYMNASTICS CLUB LIMITED (REGISTERED NUMBER: 05195514)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FALCON S.A. GYMNASTICS CLUB LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mrs S M Birchall



REGISTERED OFFICE: 15 Grove Place
Bedford
MK40 3JJ



REGISTERED NUMBER: 05195514 (England and Wales)



ACCOUNTANTS: John Wildman Chartered Accountants
15 Grove Place
Bedford
MK40 3JJ



BANKERS: National Westminster Bank
81 High Street
Bedford
MK40 1YN

FALCON S.A. GYMNASTICS CLUB LIMITED (REGISTERED NUMBER: 05195514)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Cash at bank 310,923 272,119

CREDITORS
Amounts falling due within one year 5 171,554 204,585
NET CURRENT ASSETS 139,369 67,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,369

67,534

CAPITAL AND RESERVES
Called up share capital 126 126
Retained earnings 139,243 67,408
SHAREHOLDERS' FUNDS 139,369 67,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th October 2024 and were signed by:





Mrs S M Birchall - Director


FALCON S.A. GYMNASTICS CLUB LIMITED (REGISTERED NUMBER: 05195514)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Falcon S.A. Gymnastics Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are prepared on the going concern basis as it is the intention of the director to continue supporting the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Sports equipment - 25% on cost
Office fixtures & fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 13 ) .

FALCON S.A. GYMNASTICS CLUB LIMITED (REGISTERED NUMBER: 05195514)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Office
Sports fixtures
equipment & fittings Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 20,907 16,486 37,393
DEPRECIATION
At 1st April 2023
and 31st March 2024 20,907 16,486 37,393
NET BOOK VALUE
At 31st March 2024 - - -
At 31st March 2023 - - -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loan - 19,477
Corporation tax 32,230 10,397
PAYE, NI & pensions 3,320 2,269
VAT 19,162 4,410
Director's loan account 115,842 167,032
Accrued expenses 1,000 1,000
171,554 204,585