REGISTERED NUMBER: |
Report of the Directors and |
Financial Statements for the Year Ended 31 May 2024 |
for |
SARACENS SUPPORTERS ASSOCIATION LIMITED |
REGISTERED NUMBER: |
Report of the Directors and |
Financial Statements for the Year Ended 31 May 2024 |
for |
SARACENS SUPPORTERS ASSOCIATION LIMITED |
SARACENS SUPPORTERS ASSOCIATION LIMITED (REGISTERED NUMBER: 06967304) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 MAY 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
SARACENS SUPPORTERS ASSOCIATION LIMITED |
Company Information |
FOR THE YEAR ENDED 31 MAY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
940 Green Lanes |
London |
N21 2AD |
SARACENS SUPPORTERS ASSOCIATION LIMITED (REGISTERED NUMBER: 06967304) |
Report of the Directors |
FOR THE YEAR ENDED 31 MAY 2024 |
The directors present their report with the financial statements of the company for the year ended 31 May 2024. |
REVIEW OF BUSINESS |
Throughout the year the SSA had three directors who are legally responsible for the overall running of the association and ensuring it complies with company law. John Trigg, Graeme Davis and Phil Willavoys. |
The day to day Management of the Association is run by a Committee of Management which comprised of Alison Davis (Chair), Graeme Davis, David Loxham, Nigel Eaton, Tracy Wise, Sebastian Davis, James Peak, Hanna Johnson, Jonathan Browne, Louisa Brown and Jo Peake. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
SARACENS SUPPORTERS ASSOCIATION LIMITED (REGISTERED NUMBER: 06967304) |
Income Statement |
FOR THE YEAR ENDED 31 MAY 2024 |
31.5.24 | 31.5.23 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING SURPLUS and |
SURPLUS BEFORE TAXATION |
Tax on surplus | 4 |
SURPLUS FOR THE FINANCIAL YEAR |
SARACENS SUPPORTERS ASSOCIATION LIMITED (REGISTERED NUMBER: 06967304) |
Balance Sheet |
31 MAY 2024 |
31.5.24 | 31.5.23 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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 were approved by the Board of Directors and authorised for issue on |
SARACENS SUPPORTERS ASSOCIATION LIMITED (REGISTERED NUMBER: 06967304) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 MAY 2024 |
1. | STATUTORY INFORMATION |
Saracens Supporters Association Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TAXATION |
The Association is a mutually trading organisation and will only be liable to tax on its investment income. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Other creditors |
6. | SHARE CAPITAL AND MEMBERS |
The Association is a company limited by guarantee and does not have a share capital. Each members of the association agrees on joining the association that they will contribute the sum of £1 if the company is wound up. |