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REGISTERED NUMBER: 08121962 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th June 2024

for

Gut Club Ltd

Gut Club Ltd (Registered number: 08121962)






Contents of the Financial Statements
for the Year Ended 29th June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Gut Club Ltd (Registered number: 08121962)

Balance Sheet
29th June 2024

29.6.24 29.6.23
Notes £    £   
CURRENT ASSETS
Debtors 5 43,946 2,131

CREDITORS
Amounts falling due within one year 6 110,995 103,471
NET CURRENT LIABILITIES (67,049 ) (101,340 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,049

)

(101,340

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (67,149 ) (101,440 )
SHAREHOLDERS' FUNDS (67,049 ) (101,340 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:





Dr J Devlin - Director


Gut Club Ltd (Registered number: 08121962)

Notes to the Financial Statements
for the Year Ended 29th June 2024

1. COMPANY INFORMATION

Gut Club Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08121962

Registered office: Hanger Mill
Beadon Road
Salcombe
Devon
TQ8 8LU

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Gut Club Ltd (Registered number: 08121962)

Notes to the Financial Statements - continued
for the Year Ended 29th June 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company has ceased to trade but must continue to remain on the Companies House Register and prepare accounts on the instruction of HMRC, pending the outcome of a an ongoing appeal to a tribunal decision. The director continues to support the company and the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 30th June 2023
and 29th June 2024 1,255
DEPRECIATION
At 30th June 2023
and 29th June 2024 1,255
NET BOOK VALUE
At 29th June 2024 -
At 29th June 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Directors' current accounts 41,815 -
Corporation tax receivable 2,131 2,131
43,946 2,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Corporation tax payable 109,619 101,833
Social security and other taxes 11 -
Directors' current accounts - 1,044
Accrued expenses 1,365 594
110,995 103,471

Gut Club Ltd (Registered number: 08121962)

Notes to the Financial Statements - continued
for the Year Ended 29th June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 29.6.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

The Ordinary A shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The Ordinary B shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B shares rank pari passu in respect of dividend and capital distribution rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th June 2024 and 29th June 2023:

29.6.24 29.6.23
£    £   
Dr J Devlin
Balance outstanding at start of year (1,044 ) (540 )
Amounts advanced 102,128 -
Amounts repaid (59,269 ) (504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,815 (1,044 )

The loan is repayable on demand and no interest was charged during the year.

9. CONTROL

The ultimate controlling party is Dr J Devlin by virtue of holding 100% of the voting share capital.