Hastings Model Flying Club Limited 04176741 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is model flying club Digita Accounts Production Advanced 6.30.9574.0 true true 04176741 2023-10-01 2024-09-30 04176741 2024-09-30 04176741 core:OtherReservesSubtotal 2024-09-30 04176741 core:RetainedEarningsAccumulatedLosses 2024-09-30 04176741 core:CurrentFinancialInstruments 2024-09-30 04176741 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04176741 core:FurnitureFittingsToolsEquipment 2024-09-30 04176741 core:LandBuildings 2024-09-30 04176741 bus:SmallEntities 2023-10-01 2024-09-30 04176741 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04176741 bus:FilletedAccounts 2023-10-01 2024-09-30 04176741 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04176741 bus:RegisteredOffice 2023-10-01 2024-09-30 04176741 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 04176741 bus:Director11 2023-10-01 2024-09-30 04176741 bus:Director14 2023-10-01 2024-09-30 04176741 bus:Director15 2023-10-01 2024-09-30 04176741 bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 04176741 core:FurnitureFittings 2023-10-01 2024-09-30 04176741 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 04176741 core:LandBuildings 2023-10-01 2024-09-30 04176741 countries:England 2023-10-01 2024-09-30 04176741 2023-09-30 04176741 core:FurnitureFittingsToolsEquipment 2023-09-30 04176741 core:LandBuildings 2023-09-30 04176741 2022-10-01 2023-09-30 04176741 2023-09-30 04176741 core:OtherReservesSubtotal 2023-09-30 04176741 core:RetainedEarningsAccumulatedLosses 2023-09-30 04176741 core:CurrentFinancialInstruments 2023-09-30 04176741 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04176741 core:FurnitureFittingsToolsEquipment 2023-09-30 04176741 core:LandBuildings 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 04176741

Hastings Model Flying Club Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Hastings Model Flying Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hastings Model Flying Club Limited

Company Information

Directors

Mr Keith Duncan Connelly

Mr Robin David Hart

Captain Robert Richardson

Mr Jan Tatar

Company secretary

Mr Keith Duncan Connelly

Registered office

7 Wellington Square
Hastings
East Sussex
TN34 1PD

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Hastings Model Flying Club Limited

(Registration number: 04176741)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

57,560

60,550

Current assets

 

Debtors

5

349

304

Cash at bank and in hand

 

31,239

27,327

 

31,588

27,631

Creditors: Amounts falling due within one year

6

(720)

(720)

Net current assets

 

30,868

26,911

Net assets

 

88,428

87,461

Reserves

 

Other reserves

23,445

23,445

Retained earnings

64,983

64,016

Surplus

 

88,428

87,461

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

.........................................
Mr Jan Tatar
Director

 

Hastings Model Flying Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
7 Wellington Square
Hastings
East Sussex
TN34 1PD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Hastings Model Flying Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Hastings Model Flying Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

45,577

34,625

80,202

At 30 September 2024

45,577

34,625

80,202

Depreciation

At 1 October 2023

-

19,652

19,652

Charge for the year

-

2,990

2,990

At 30 September 2024

-

22,642

22,642

Carrying amount

At 30 September 2024

45,577

11,983

57,560

At 30 September 2023

45,577

14,973

60,550

Included within the net book value of land and buildings above is £45,577 (2023 - £45,577) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

349

304

349

304

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

720

720