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REGISTERED NUMBER: 06741437 (England and Wales)












TEMPLE LODGE CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TEMPLE LODGE CLUB LIMITED (REGISTERED NUMBER: 06741437)






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


TEMPLE LODGE CLUB LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: S Pelling
T A Farrar
Rev N I T Lumsden
Rev T O Ravetz





REGISTERED OFFICE: Temple Lodge
51 Queen Caroline Street
Hammersmith
LONDON
W6 9QL





REGISTERED NUMBER: 06741437 (England and Wales)





AUDITOR: Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

TEMPLE LODGE CLUB LIMITED (REGISTERED NUMBER: 06741437)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 718,256 775,742

CURRENT ASSETS
Stocks 616 1,295
Debtors 5 8,921 7,824
Cash at bank and in hand 51,065 57,235
60,602 66,354
CREDITORS
Amounts falling due within one year 6 (104,281 ) (88,228 )
NET CURRENT LIABILITIES (43,679 ) (21,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,577

753,868

CREDITORS
Amounts falling due after more than one
year

7

(795,677

)

(810,677

)

PROVISIONS FOR LIABILITIES 9 (3,178 ) (13,696 )
NET LIABILITIES (124,278 ) (70,505 )

RESERVES
Other reserves 41,000 41,000
Income and expenditure account (165,278 ) (111,505 )
(124,278 ) (70,505 )

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 20 February 2025 and were signed on its behalf by:





Rev T O Ravetz - Director


TEMPLE LODGE CLUB LIMITED (REGISTERED NUMBER: 06741437)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Temple Lodge 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.

2. ACCOUNTING POLICIES

Basis of preparation
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.

Going concern
Although the company has incurred a loss for the year and has net liabilities at the balance sheet date the financial statements have been prepared on a going concern basis. This is on the basis that the company's trading performance since the balance sheet date has improved, its activities are cash generative, and the directors anticipate that it will receive ongoing support from its parent company in relation to the timing and amount of repayment of debts due to the parent.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

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.

TEMPLE LODGE CLUB LIMITED (REGISTERED NUMBER: 06741437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,138,986 10,639 1,248 1,150,873
Additions - - 171 171
At 31 March 2024 1,138,986 10,639 1,419 1,151,044
DEPRECIATION
At 1 April 2023 366,733 7,263 1,135 375,131
Charge for year 56,949 680 28 57,657
At 31 March 2024 423,682 7,943 1,163 432,788
NET BOOK VALUE
At 31 March 2024 715,304 2,696 256 718,256
At 31 March 2023 772,253 3,376 113 775,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,090 6,562
Other debtors 831 1,262
8,921 7,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,916 -
Amounts owed to group undertakings 32,573 35,930
Taxation and social security 3,986 7,204
Other creditors 54,806 45,094
104,281 88,228

The amounts owed to group undertakings are technically repayable on demand. They mainly reflect a loan balance with no fixed repayment terms and which is accruing interest at 1% above the Bank of England official bank rate. The total liability to the parent has been split between amounts due within and after one year on the basis of the directors estimate of the amount expected to be repaid within one year.

TEMPLE LODGE CLUB LIMITED (REGISTERED NUMBER: 06741437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 795,677 810,677

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 24,000 24,000
Between one and five years 96,000 96,000
In more than five years 101,000 125,000
221,000 245,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,178 13,696

Deferred
tax
£   
Balance at 1 April 2023 13,696
Credit to Income Statement during year (10,518 )
Balance at 31 March 2024 3,178

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Lance Redman (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs Audit Ltd

11. RELATED PARTY DISCLOSURES

Transactions between the company and its parent during the year included: Property rental paid to the parent totalling £24,000 (2023: £24,000), interest paid on loan from parent £48,364 (2023: £27,351), payments to the parent for shared salary costs £149,680 (2023: £116,629). The total amount owing to the parent at the balance sheet date was £828,250 (2023: £846,607).

12. PARENT COMPANY

The company's sole member is The Christian Community in London Ltd ("CCLL"), a charitable company registered in England & Wales.

TEMPLE LODGE CLUB LIMITED (REGISTERED NUMBER: 06741437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

13. LIMITED BY GUARANTEE

The company is limited by guarantee. The liability of the Members is limited. Every Member is liable to contribute such amount as may be required (not exceeding £1) to the Company's assets if it should be wound up while he is a Member or within one year after he ceases to be a Member.