Registered number |
Ward Divecha Limited |
Chartered Accountants & |
Statutory Auditors |
29 Welbeck Street |
W1G 8DA |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
|||||||
Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
|||||
Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
||||
Net liabilities | ( |
( |
|||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
|||||
Shareholders' funds | ( |
( |
|||||
Thomas E Cunningham | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Accounts | ||||||||
for the year ended |
||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Depreciation | ||||||||
Plant and machinery | 20% written down value | |||||||
Pitch | 10% straight line | |||||||
Motor vehicle | 20% written down value | |||||||
Debtors | ||||||||
Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
||||||||
Creditors | ||||||||
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
||||||||
Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
||||||||
Pensions | ||||||||
Government grants | ||||||||
Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature, including coronavirus Job retention scheme are recognized within other operating income in the profit and loss account in the same period as the related expenditure. | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | Motor vehicles | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
Disposals | ( |
- | ( |
|||||
At 31 December 2023 | ||||||||
Depreciation | ||||||||
At 1 January 2023 | ||||||||
Charge for the year | ||||||||
On disposals | ( |
- | ( |
|||||
At 31 December 2023 | ||||||||
Net book value | ||||||||
At 31 December 2023 | ||||||||
At 31 December 2022 | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Deposit with Harlow S Trust | 7,422 | 80,332 | ||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Trade creditors | ( |
|||||||
Corporation tax | - | |||||||
Other taxes and social security costs | ||||||||
Other creditors | ( |
|||||||
( |
||||||||
6 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
Amount owed to associates | ||||||||
7 | Other information | |||||||
Harlow Town Football Club is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Barrows Farm Stadium, | ||||||||
Off Elizabeth Way, | ||||||||
Harlow, Essex, | ||||||||
CM19 5BE | ||||||||
8 | Ultimate controlling party | |||||||
The company is controlled by PSM Property Development Limited. The ultimate controlling party is Mr T E Cunningham. | ||||||||
9 | Related party transaction | |||||||
As at 31st December 2023, company owes to the other related parties £326,263 (2022: £326,263) |