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REGISTERED NUMBER: 04102591 (England and Wales)















LICHFIELD CRUISING CLUB 2000 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






LICHFIELD CRUISING CLUB 2000 LIMITED (REGISTERED NUMBER: 04102591)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LICHFIELD CRUISING CLUB 2000 LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2024







DIRECTORS: Mr B Collett
Ms J Hartshorne
Mr R D A Smyth
Ms S M Swain
Mr M Hornblower
Ms J Surplice
Mr P J Cownley





SECRETARY: Mr M J Mccormick





REGISTERED OFFICE: Canal Cottages
Huddlesford Junction
Lichfield
Staffordshire
WS13 8PX





REGISTERED NUMBER: 04102591 (England and Wales)





ACCOUNTANTS: Wallace Crooke
College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

LICHFIELD CRUISING CLUB 2000 LIMITED (REGISTERED NUMBER: 04102591)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 892,614 891,684

CURRENT ASSETS
Stocks 5 6,710 5,488
Debtors 6 12,207 12,160
Cash at bank 109,623 65,889
128,540 83,537
CREDITORS
Amounts falling due within one year 7 19,850 3,066
NET CURRENT ASSETS 108,690 80,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,001,304

972,155

RESERVES
Income and expenditure account 8 1,001,304 972,155
1,001,304 972,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2024 and were signed on its behalf by:





Mr B Collett - Director


LICHFIELD CRUISING CLUB 2000 LIMITED (REGISTERED NUMBER: 04102591)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Lichfield Cruising Club 2000 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.

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 club's financial statements are individual entity financial statements.

The club's financial statements are presented in sterling and all values are rounded to the nearest pound.

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

Turnover represents fees from mooring, entrance, membership subscription, licences and sales from bar, diesel, calor gas, social functions, gatherings, lotteries, coach trips, caravan rally sales and donations made during the year. Turnover is stated at gross values and other income is accounted for on receipt basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and build - not provided for
Improvements to property - 10% on reducing balance
Long term fixtures - 10% on reducing balance
Medium term fixtures - 15% on reducing balance
Short term fixtures - 25% reducing balance

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.


LICHFIELD CRUISING CLUB 2000 LIMITED (REGISTERED NUMBER: 04102591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Improvements
land and to Long term
build property fixtures
£    £    £   
COST
At 1 October 2023 850,000 8,640 47,213
Additions - - 4,551
Disposals - - -
At 30 September 2024 850,000 8,640 51,764
DEPRECIATION
At 1 October 2023 - 5,698 19,338
Charge for year - 294 3,243
Eliminated on disposal - - -
At 30 September 2024 - 5,992 22,581
NET BOOK VALUE
At 30 September 2024 850,000 2,648 29,183
At 30 September 2023 850,000 2,942 27,875

LICHFIELD CRUISING CLUB 2000 LIMITED (REGISTERED NUMBER: 04102591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Medium Short
term term
fixtures fixtures Totals
£    £    £   
COST
At 1 October 2023 22,776 8,139 936,768
Additions 1,532 539 6,622
Disposals - (530 ) (530 )
At 30 September 2024 24,308 8,148 942,860
DEPRECIATION
At 1 October 2023 13,456 6,592 45,084
Charge for year 1,628 520 5,685
Eliminated on disposal - (523 ) (523 )
At 30 September 2024 15,084 6,589 50,246
NET BOOK VALUE
At 30 September 2024 9,224 1,559 892,614
At 30 September 2023 9,320 1,547 891,684

5. STOCKS
2024 2023
£    £   
Stocks 6,710 5,488

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 12,207 12,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,099 1,344
Accruals and deferred income 17,751 1,722
19,850 3,066

8. RESERVES
Income
and
expenditure
account
£   

At 1 October 2023 972,155
Surplus for the year 29,149
At 30 September 2024 1,001,304

LICHFIELD CRUISING CLUB 2000 LIMITED (REGISTERED NUMBER: 04102591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

9. COMPANY STATUS

Lichfield cruising club 2000 is a company limited by guarantee, the liability of the members being limited to £10 each according to memorandum of association.