Registered number
00189241
The Bourne Club Limited
Filleted Accounts
30 June 2024
The Bourne Club Limited
Registered number: 00189241
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 406,419 458,489
Current assets
Stocks 13,066 11,020
Debtors 4 10,725 84,433
Cash at bank and in hand 899,474 533,553
923,265 629,006
Creditors: amounts falling due within one year 5 (386,123) (306,170)
Net current assets 537,142 322,836
Total assets less current liabilities 943,561 781,325
Creditors: amounts falling due after more than one year 6 (10,833) (20,833)
Net assets 932,728 760,492
Capital and reserves
Revaluation reserve 7 96,600 96,600
Profit and loss account 836,128 663,892
Shareholders' funds 932,728 760,492
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Buckley
Director
Approved by the board on 26 March 2025
The Bourne Club Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Tennis & padel courts 12.5% straight line
Sports hall 4% straight line
Computer equipment 20% straight line
Fixtures & fittings 15% straight line
Other sports facilities 10% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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
Short term creditors are measured at transaction price (which is usually the invoice price). 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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 17
3 Tangible fixed assets
Land and buildings Fixtures and fittings Sports facilities Total
£ £ £ £
Cost
At 1 July 2023 629,649 327,113 538,410 1,495,172
Additions 10,292 2,665 19,027 31,984
At 30 June 2024 639,941 329,778 557,437 1,527,156
Depreciation
At 1 July 2023 372,971 263,566 400,146 1,036,683
Charge for the year 9,870 24,172 50,012 84,054
At 30 June 2024 382,841 287,738 450,158 1,120,737
Net book value
At 30 June 2024 257,100 42,040 107,279 406,419
At 30 June 2023 256,678 63,547 138,264 458,489
4 Debtors 2024 2023
£ £
Trade debtors (974) 5,972
Prepayments 4,640 19,290
Other debtors 7,059 59,171
10,725 84,433
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 23,635 64,064
Taxation and social security costs 36,522 21,115
Accruals 49,318 47,645
Deferred income 237,236 133,639
Other creditors 29,412 29,707
386,123 306,170
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,833 20,833
7 Revaluation reserve 2024 2023
£ £
At 1 July 2023 96,600 96,600
At 30 June 2024 96,600 96,600
8 Prior year adjustments
Prior year adjustments represent the value of historical differences written off during the year.
9 Controlling party
The company is limited by guarantee and is controlled by the directors as appointed by the members of the club.
Each member of the company has a liability to guarantee a maximum of £1 to the assets of the company in the event of it being wound up while a member or within one year after to ceasing to be a member.
10 Other information
The Bourne Club Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
12 Frensham Road
Farnham
Surrey
GU9 8HB
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