IRIS Accounts Production v24.3.2.46 06498032 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064980322023-05-31064980322024-05-31064980322023-06-012024-05-31064980322022-05-31064980322022-06-012023-05-31064980322023-05-3106498032ns15:EnglandWales2023-06-012024-05-3106498032ns14:PoundSterling2023-06-012024-05-3106498032ns10:Director12023-06-012024-05-3106498032ns10:CompanyLimitedByGuarantee2023-06-012024-05-3106498032ns10:SmallEntities2023-06-012024-05-3106498032ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106498032ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106498032ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106498032ns10:FullAccounts2023-06-012024-05-3106498032ns10:Director22023-06-012024-05-3106498032ns10:Director42023-06-012024-05-3106498032ns10:RegisteredOffice2023-06-012024-05-3106498032ns5:CurrentFinancialInstruments2024-05-3106498032ns5:CurrentFinancialInstruments2023-05-3106498032ns5:Non-currentFinancialInstruments2024-05-3106498032ns5:Non-currentFinancialInstruments2023-05-3106498032ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-3106498032ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3106498032ns5:RetainedEarningsAccumulatedLosses2024-05-3106498032ns5:RetainedEarningsAccumulatedLosses2023-05-3106498032ns5:PlantMachinery2023-06-012024-05-3106498032ns5:LandBuildings2023-05-3106498032ns5:PlantMachinery2023-05-3106498032ns5:FurnitureFittings2023-05-3106498032ns5:ComputerEquipment2023-05-3106498032ns5:LandBuildings2023-06-012024-05-3106498032ns5:FurnitureFittings2023-06-012024-05-3106498032ns5:ComputerEquipment2023-06-012024-05-3106498032ns5:LandBuildings2024-05-3106498032ns5:PlantMachinery2024-05-3106498032ns5:FurnitureFittings2024-05-3106498032ns5:ComputerEquipment2024-05-3106498032ns5:LandBuildings2023-05-3106498032ns5:PlantMachinery2023-05-3106498032ns5:FurnitureFittings2023-05-3106498032ns5:ComputerEquipment2023-05-3106498032ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106498032ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 06498032 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 May 2024

for

The Old Northamptonians Association
Limited

The Old Northamptonians Association
Limited (Registered number: 06498032)

Contents of the Financial Statements
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Old Northamptonians Association
Limited

Company Information
For The Year Ended 31 May 2024







DIRECTORS: B A Briddon
Mr S J Rowley





REGISTERED OFFICE: 7 Billing Road
NORTHAMPTON
NORTHAMPTONSHIRE
NN1 5AN





REGISTERED NUMBER: 06498032 (England and Wales)






The Old Northamptonians Association
Limited (Registered number: 06498032)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504,656 514,749

CURRENT ASSETS
Stocks 8,475 6,536
Debtors 5 5,648 23,822
Cash at bank 462 13,020
14,585 43,378
CREDITORS
Amounts falling due within one year 6 28,436 49,749
NET CURRENT LIABILITIES (13,851 ) (6,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,805

508,378

CREDITORS
Amounts falling due after more than one year 7 79,907 89,907
NET ASSETS 410,898 418,471

RESERVES
Property fund 293,691 293,691
Income and expenditure account 117,207 124,780
410,898 418,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Old Northamptonians Association
Limited (Registered number: 06498032)

Balance Sheet - continued
31 May 2024


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 12 December 2024 and were signed on its behalf by:





Mr J T G Harris - Director


The Old Northamptonians Association
Limited (Registered number: 06498032)

Notes to the Financial Statements
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

The Old Northamptonians Association 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.

Turnover
Turnover represents monies received (excluding value added tax) from bar sales and other activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on 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.

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 and investments.

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

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.

The Old Northamptonians Association
Limited (Registered number: 06498032)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
New Plant and and Office
Clubhouse machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 420,998 149,544 15,693 8,735 594,970
DEPRECIATION
At 1 June 2023 - 62,982 10,007 7,232 80,221
Charge for year - 8,656 1,137 300 10,093
At 31 May 2024 - 71,638 11,144 7,532 90,314
NET BOOK VALUE
At 31 May 2024 420,998 77,906 4,549 1,203 504,656
At 31 May 2023 420,998 86,562 5,686 1,503 514,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,580 11,700
Other debtors 68 12,122
5,648 23,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,875 -
Trade creditors 5,565 21,972
Taxation and social security 9,756 9,317
Other creditors 4,240 18,460
28,436 49,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,000 30,000
Other creditors 59,907 59,907
79,907 89,907

The Old Northamptonians Association
Limited (Registered number: 06498032)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024


8. RELATED PARTY DISCLOSURES

Mr John TG Harris, is a director of the Old Northamptonians Association Limited. In addition he is a partner in Harris & Clarke LLP who provide payroll, VAT and company secretarial services to the Old Northamptonians Association Limited. During the year under review the cost of these services amounted to £6,810 (2022 - £1,890).

9. CONTINGENT LIABILITY

The company pays rental to the Northampton Old Grammar School Foundation, currently in the sum of £8,000 per annum. The lease is subject to a rent review clause which is currently being negotiated.