Hollam Sporting Club Limited 14793014 false 2023-04-11 2024-02-29 2024-02-29 The principal activity of the company is sporting activities. Digita Accounts Production Advanced 6.30.9574.0 true true 14793014 2023-04-11 2024-02-29 14793014 2024-02-29 14793014 core:RetainedEarningsAccumulatedLosses 2024-02-29 14793014 core:CurrentFinancialInstruments 2024-02-29 14793014 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14793014 bus:SmallEntities 2023-04-11 2024-02-29 14793014 bus:AuditExemptWithAccountantsReport 2023-04-11 2024-02-29 14793014 bus:FullAccounts 2023-04-11 2024-02-29 14793014 bus:SmallCompaniesRegimeForAccounts 2023-04-11 2024-02-29 14793014 bus:RegisteredOffice 2023-04-11 2024-02-29 14793014 bus:Director1 2023-04-11 2024-02-29 14793014 bus:Director2 2023-04-11 2024-02-29 14793014 bus:CompanyLimitedByGuarantee 2023-04-11 2024-02-29 14793014 core:LeaseholdImprovements 2023-04-11 2024-02-29 14793014 core:MotorVehicles 2023-04-11 2024-02-29 14793014 core:PlantMachinery 2023-04-11 2024-02-29 14793014 core:OtherRelatedParties 2023-04-11 2024-02-29 14793014 1 2023-04-11 2024-02-29 14793014 countries:EnglandWales 2023-04-11 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 14793014

Hollam Sporting Club Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Period from 11 April 2023 to 29 February 2024

 

Hollam Sporting Club Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Hollam Sporting Club Limited

(Registration number: 14793014)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

54,418

Current assets

 

Debtors

5

64,223

Cash at bank and in hand

 

89,218

 

153,441

Creditors: Amounts falling due within one year

 

(85,602)

Net current assets

 

67,839

Net assets

 

122,257

Capital and reserves

 

Profit and loss account

122,257

Shareholders' funds

 

122,257

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 February 2025 and signed on its behalf by:
 

Mr M D R Rowan

Director

Mr C E R Fussell

Director

 

Hollam Sporting Club Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 29 February 2024

1

General information

The company is a company limited by guarantee incorporated in England and Wales.

The address of its registered office is:
Hollam House
Hollam Estate
Dulverton
Somerset
TA22 9JH

2

Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts have been prepared for the period from 11 April 2023 to 31 March 2024, this is slightly shorter due to it being the company's date of incorporation.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Plant & Machinery

20% Reducing balance

Leasehold improvements

2% Straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 14.

 

Hollam Sporting Club Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 29 February 2024

4

Tangible assets

Total
£

Cost or valuation

Additions

75,029

Disposals

(4,000)

At 29 February 2024

71,029

Depreciation

Charge for the

16,611

At 29 February 2024

16,611

Carrying amount

At 29 February 2024

54,418

5

Debtors

2024
£

Trade debtors

56,016

Other debtors

8,207

64,223

6

Creditors

2024
£

Due within one year

Trade creditors

40,903

Taxation and social security

7,499

Other creditors

37,200

85,602

7

Related party transactions

Summary of transactions with other related parties

Included within other creditors of £37,200 is a loan due to Hollam Estate. The balance at the year end is £26,100.
 Interest is being charged at 5%.