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REGISTERED NUMBER: 14155609 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WALTON SPORTING CLUB LIMITED

WALTON SPORTING CLUB LIMITED (REGISTERED NUMBER: 14155609)






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


WALTON SPORTING CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A T Waygood





REGISTERED OFFICE: Keepers Cottage
Walton Bay
Clevedon
BS21 7BA





REGISTERED NUMBER: 14155609 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

WALTON SPORTING CLUB LIMITED (REGISTERED NUMBER: 14155609)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
as restated
Notes £    £   
CURRENT ASSETS
Debtors 4 14,220 38,685
Cash at bank 15,210 6,575
29,430 45,260
CREDITORS
Amounts falling due within one year 5 (23,323 ) (33,849 )
NET CURRENT ASSETS 6,107 11,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,107

11,411

RESERVES
Income and expenditure account 6 6,107 11,411
6,107 11,411

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 director acknowledges his 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 Income and Expenditure Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





A T Waygood - Director


WALTON SPORTING CLUB LIMITED (REGISTERED NUMBER: 14155609)

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

1. STATUTORY INFORMATION

Walton Sporting Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


The company operates as a members club its objects being to promote the interests of shooting, maintain and uphold the best interests of sportsmanship in shooting and provide social and other amenities for its members without making a profit.

All income must be applied in promoting its objects. No dividends may be paid or capital returned to members. On a winding up all assets which would otherwise be available to its members generally must be transferred to a body with similar objects or consist of the promotion of charity and anything incidental or conductive to this. The liability of each member is limited to one pound..

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.

The ability to continue in business is dependent on the willingness of the directors to continue to extend finance to the company which he is willing and able to do and hs indicated that they he continue to do so for a period of at least 12 months from the date of signature of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
As a members club established by its members for their own social and recreational activities it is not liable to corporation tax on trading income arising from surpluses arising from transactions with members.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WALTON SPORTING CLUB LIMITED (REGISTERED NUMBER: 14155609)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade debtors - 10,675
Prepayments and accrued income 14,220 28,010
14,220 38,685

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Social security and other taxes 194 241
Directors' loan accounts 20,345 10,938
Accruals and deferred income 2,784 22,670
23,323 33,849

6. RESERVES
Income
and
expenditure
account
£   

At 1 April 2023 (13,451 )
Prior year adjustment 24,862
11,411
Deficit for the year (5,304 )
At 31 March 2024 6,107

7. RELATED PARTY DISCLOSURES

At the year end the company owed £20,345 (£10,938 : 2023) to the Director, the loan is unsecured, interest free and repayable on demand.