Company Registration No. 10015162 (England and Wales)
Brondesbury Sports Club
Unaudited accounts
for the year ended 31 March 2024
Brondesbury Sports Club
Unaudited accounts
Contents
Brondesbury Sports Club
Company Information
for the year ended 31 March 2024
Directors
Richard Abramson
Robert J Baxter
Jon Liddiard
Mark Troman
Martin Rizk
Secretary
Lara M Greenfield
Company Number
10015162 (England and Wales)
Brondesbury Sports Club
Statement of financial position
as at 31 March 2024
Tangible assets
347,384
349,006
Cash at bank and in hand
187,705
222,579
Creditors: amounts falling due within one year
(49,831)
(55,838)
Net current assets
255,148
255,061
Total assets less current liabilities
602,532
604,067
Creditors: amounts falling due after more than one year
(30,000)
(35,000)
Net assets
572,532
569,067
Fair value reserve
537,024
537,024
Profit and loss account
35,508
32,043
Shareholders' funds
572,532
569,067
For the year ending 31 March 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 13 October 2024 and were signed on its behalf by
Jon Liddiard
Director
Company Registration No. 10015162
Brondesbury Sports Club
Notes to the Accounts
for the year ended 31 March 2024
Brondesbury Sports Club is a private company, limited by shares, registered in England and Wales, registration number 10015162.
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.
Accounting Convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies’ regime.
The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.
The directors make this assessment in respect of a period of one year from the date of approval of the financial statements. The directors believe that the company is financially secure and there are no material uncertainties for the foreseeable future, and thus continue to adopt the going concern basis of preparing the annual financial statements.
Income is recognised when the company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Brondesbury Sports Club
Notes to the Accounts
for the year ended 31 March 2024
3.4 Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings nil
Plant and equipment 15% reducing balance method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to surplus or deficit.
Debtors are measured at the transaction value, less any provision for bad debts.
3.6 Cash at bank and in hand
Cash at bank and in hand includes cash held in bank accounts.
Creditors are measured at the transaction value. Creditors are recognised when the Company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.
3.8 Judgements in applying accounting policies and key sources of estimation
The preparation of the financial statements in conformity with UK GAAP requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year, or in the period of the revision and future periods if the revision affects both current and future periods. In applying the accounting policies, the directors do not consider that there are any critical judgments or sources of estimation in the financial statements that have a significant effect on the amounts recognised in the financial statements.
Brondesbury Sports Club
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
3,487
1,060,537
1,064,024
Disposals
-
(9,510)
(9,510)
At 31 March 2024
3,487
1,111,023
1,114,510
At 1 April 2023
-
715,018
715,018
Charge for the year
-
55,091
55,091
On disposals
-
(2,983)
(2,983)
At 31 March 2024
-
767,126
767,126
At 31 March 2024
3,487
343,897
347,384
At 31 March 2023
3,487
345,519
349,006
Amounts falling due within one year
Trade debtors
30,462
76,212
Accrued income and prepayments
49,874
8,690
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,244
9,676
Taxes and social security
4,661
1,857
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
30,000
35,000
8
Average number of employees
During the year the average number of employees was 5 (2023: 4).