Company Registration No. 13142985 (England and Wales)
Longwood Sporting Society Limited
Unaudited accounts
for the year ended 31 January 2024
Longwood Sporting Society Limited
Unaudited accounts
Contents
Longwood Sporting Society Limited
Company Information
for the year ended 31 January 2024
Company Number
13142985 (England and Wales)
Registered Office
The Old Workshop, Unit 3
Newdown Farm, Micheldever
Winchester
SO21 3BT
Longwood Sporting Society Limited
Statement of financial position
as at 31 January 2024
Tangible assets
153,953
169,851
Cash at bank and in hand
29,117
66,880
Creditors: amounts falling due within one year
(85,562)
(100,641)
Net current liabilities
(35,977)
(31,198)
Total assets less current liabilities
117,976
138,653
Creditors: amounts falling due after more than one year
(180,000)
(180,000)
Net liabilities
(62,024)
(41,347)
Profit and loss account
(62,024)
(41,347)
Members' funds
(62,024)
(41,347)
For the year ending 31 January 2024 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 31 October 2024 and were signed on its behalf by
J Woodman
Director
Company Registration No. 13142985
Longwood Sporting Society Limited
Notes to the Accounts
for the year ended 31 January 2024
Longwood Sporting Society Limited is a private company, limited by guarantee, registered in England and Wales, registration number 13142985. The registered office is The Old Workshop, Unit 3, Newdown Farm, Micheldever, Winchester, SO21 3BT.
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 year, 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 or valuation 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
10 Years Straight Line
Motor vehicles
25% Reducing balance
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
166,509
43,015
209,524
At 31 January 2024
166,509
43,840
210,349
At 1 February 2023
20,854
18,819
39,673
Charge for the year
10,544
6,179
16,723
At 31 January 2024
31,398
24,998
56,396
At 31 January 2024
135,111
18,842
153,953
At 31 January 2023
145,655
24,196
169,851
Longwood Sporting Society Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due after more than one year
Trade debtors
20,468
2,563
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
34,299
16,907
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
180,000
180,000
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 3 (2023: 1).