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REGISTERED NUMBER: 07489667 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLUBHOUSE INTERIORS LIMITED

CLUBHOUSE INTERIORS LIMITED (REGISTERED NUMBER: 07489667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLUBHOUSE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M M Beeney
Ms M M Burton





SECRETARY: Ms M M Burton





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





BUSINESS ADDRESS: Unit 35, The Vinery
Arundel Road
Poling
West Sussex
BN18 9PY





REGISTERED NUMBER: 07489667 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

CLUBHOUSE INTERIORS LIMITED (REGISTERED NUMBER: 07489667)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,143 34,938

CURRENT ASSETS
Stocks 5 365,939 370,381
Debtors 6 22,803 48,351
Cash at bank 54,069 99,520
442,811 518,252
CREDITORS
Amounts falling due within one year 7 200,742 267,136
NET CURRENT ASSETS 242,069 251,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,212

286,054

CREDITORS
Amounts falling due after more than one
year

8

(14,178

)

(26,609

)

PROVISIONS FOR LIABILITIES 10 (7,036 ) (8,735 )
NET ASSETS 248,998 250,710

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 248,996 250,708
SHAREHOLDERS' FUNDS 248,998 250,710

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:




M M Beeney - Director


CLUBHOUSE INTERIORS LIMITED (REGISTERED NUMBER: 07489667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clubhouse Interiors 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.

Turnover
Turnover represents amounts receivable for antiques sold net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards and ownership of the goods have been passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment & tools - 25% on reducing balance
Installations - not provided
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CLUBHOUSE INTERIORS LIMITED (REGISTERED NUMBER: 07489667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Equipment Motor Computer
& tools Installations vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 20,421 3,458 77,190 7,780 108,849
Additions - - - 1,832 1,832
At 31 March 2024 20,421 3,458 77,190 9,612 110,681
DEPRECIATION
At 1 April 2023 17,814 - 48,513 7,584 73,911
Charge for year 652 - 7,169 806 8,627
At 31 March 2024 18,466 - 55,682 8,390 82,538
NET BOOK VALUE
At 31 March 2024 1,955 3,458 21,508 1,222 28,143
At 31 March 2023 2,607 3,458 28,677 196 34,938

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 77,190
DEPRECIATION
At 1 April 2023 48,513
Charge for year 7,169
At 31 March 2024 55,682
NET BOOK VALUE
At 31 March 2024 21,508
At 31 March 2023 28,677

5. STOCKS
2024 2023
£    £   
Stocks 365,939 370,381

CLUBHOUSE INTERIORS LIMITED (REGISTERED NUMBER: 07489667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,698 34,237
Other debtors 3,062 1,333
VAT 3,646 5,239
Prepayments 7,397 7,542
22,803 48,351

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,110 5,959
Hire purchase contracts (see note 9) 6,322 10,707
Trade creditors 5,101 23,512
Tax 9,682 19,755
PAYE 3,642 390
Other creditors 2,466 152
Credit card 9,289 1,344
Directors' current accounts 154,915 201,918
Accrued expenses 3,215 3,399
200,742 267,136

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,264 6,110
Bank loans - 2-5 years 1,592 7,854
Hire purchase contracts (see note 9) 6,322 12,645
14,178 26,609

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 7,316 12,244
Between one and five years 7,316 14,632
14,632 26,876

Finance charges repayable:
Within one year 994 1,537
Between one and five years 994 1,987
1,988 3,524

Net obligations repayable:
Within one year 6,322 10,707
Between one and five years 6,322 12,645
12,644 23,352

CLUBHOUSE INTERIORS LIMITED (REGISTERED NUMBER: 07489667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 44,000 44,000
Between one and five years 134,500 155,250
In more than five years 69,750 93,000
248,250 292,250

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,036 8,735

Deferred
tax
£   
Balance at 1 April 2023 8,735
Credit to Income Statement during year (1,699 )
Balance at 31 March 2024 7,036

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £154,915 (2023: £201,918) to Mr M M Beeney and Ms M M Burton, the company's directors. The maximum balance outstanding during the period was £201,918. Interest of £5,695 (2023: £5,601) was charged at a commercial rate of 3% per annum.