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Company Registration No. 11974071 (England and Wales)
Cape Cornwall Club Ltd Unaudited accounts for the year ended 31 December 2024
Cape Cornwall Club Ltd Unaudited accounts Contents
Page
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Cape Cornwall Club Ltd Company Information for the year ended 31 December 2024
Directors
Andrew Cleary Leanne Cleary
Company Number
11974071 (England and Wales)
Registered Office
Cape Cornwall Road St Just Cornwall TR19 7NL England
Accountants
Darroch Accountancy Ltd 9 Old Foundry Close St Just Cornwall TR19 7QS
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Cape Cornwall Club Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
158,466 
158,466 
Tangible assets
93,673 
93,977 
252,139 
252,443 
Current assets
Inventories
296,677 
293,122 
Debtors
37,991 
8,377 
Cash at bank and in hand
6,647 
10,089 
341,315 
311,588 
Creditors: amounts falling due within one year
(171,801)
(206,142)
Net current assets
169,514 
105,446 
Total assets less current liabilities
421,653 
357,889 
Creditors: amounts falling due after more than one year
(941,609)
(855,047)
Provisions for liabilities
Deferred tax
(5,328)
(3,579)
Net liabilities
(525,284)
(500,737)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(525,484)
(500,937)
Shareholders' funds
(525,284)
(500,737)
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
Andrew Cleary Director Company Registration No. 11974071
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Cape Cornwall Club Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Cape Cornwall Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 11974071. The registered office is Cape Cornwall Road, St Just, Cornwall, TR19 7NL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company has net liabilities and is reliant upon the continued support of its directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Cape Cornwall Club Ltd Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
158,466 
At 31 December 2024
158,466 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
158,466 
At 31 December 2023
158,466 
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Cape Cornwall Club Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
22,312 
116,518 
18,071 
156,901 
Additions
- 
8,729 
14,755 
23,484 
At 31 December 2024
22,312 
125,247 
32,826 
180,385 
Depreciation
At 1 January 2024
- 
56,025 
6,899 
62,924 
Charge for the year
- 
17,306 
6,482 
23,788 
At 31 December 2024
- 
73,331 
13,381 
86,712 
Net book value
At 31 December 2024
22,312 
51,916 
19,445 
93,673 
At 31 December 2023
22,312 
60,493 
11,172 
93,977 
6
Inventories
2024 
2023 
£ 
£ 
Raw materials
20,100 
25,286 
Work in progress
276,577 
267,836 
296,677 
293,122 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,150 
1,355 
Accrued income and prepayments
14,341 
7,022 
Other debtors
6,500 
- 
37,991 
8,377 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
71,114 
86,171 
VAT
12,756 
34,036 
Obligations under finance leases and hire purchase contracts
10,039 
9,360 
Trade creditors
69,411 
74,175 
Taxes and social security
5,104 
1,523 
Other creditors
1,677 
877 
Accruals
1,700 
- 
171,801 
206,142 
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Cape Cornwall Club Ltd Notes to the Accounts for the year ended 31 December 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
53,770 
67,595 
Obligations under finance leases and hire purchase contracts
5,639 
6,130 
Loans from directors
882,200 
781,322 
941,609 
855,047 
10
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,328 
3,579 
2024 
2023 
£ 
£ 
Provision at start of year
3,579 
1,872 
Charged to the profit and loss account
1,749 
1,707 
Provision at end of year
5,328 
3,579 
11
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
12
Average number of employees
During the year the average number of employees was 28 (2023: 30).
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