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REGISTERED NUMBER: 00840009 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WIGSTON LIBERAL CLUB LIMITED

WIGSTON LIBERAL CLUB LIMITED (REGISTERED NUMBER: 00840009)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2

WIGSTON LIBERAL CLUB LIMITED (REGISTERED NUMBER: 00840009)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 120,201 120,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,201

120,201

CREDITORS
Amounts falling due after more than one
year

5

(108,497

)

(108,497

)
NET ASSETS 11,704 11,704

RESERVES
Other reserves 830 830
Income and expenditure account 10,874 10,874
11,704 11,704

The company is entitled to exemption from audit under Section 480 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 surplus or deficit 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





T J Booth - Director


WIGSTON LIBERAL CLUB LIMITED (REGISTERED NUMBER: 00840009)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Wigston Liberal Club Limited is a private company, limited by guarantee and 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Freehold land and buildingsNot depreciated
Fixtures, fittings & equipment15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land & and
buildings fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 120,200 4,027 124,227
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 4,026 4,026
NET BOOK VALUE
At 31 March 2024 120,200 1 120,201
At 31 March 2023 120,200 1 120,201

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 108,497 108,497

Other borrowings comprise of a loan of £108,497 from Wigston Liberal Club (2023: £108,497).

6. MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £0.25.