REGISTERED NUMBER: 08389227 (England and Wales)

Financial Statements for the Year Ended 31 August 2024

for

St Joseph's Catholic Sports & Social

Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Darmanin

C P Darmanin

J K Foley

C P Lonergan

P A Luff

D M Rees

J P O' Keefe

REGISTERED OFFICE:

29 Whitchurch Road

Cardiff

CF14 3JN

REGISTERED NUMBER:

08389227 (England and Wales)

ACCOUNTANTS:

DHB Accountants Limited

Chartered Accountants

Statutory Auditors

110 Whitchurch Road

Cardiff

CF14 3LY

FIXED ASSETS

Tangible assets

4

223,150

225,868

CURRENT ASSETS

Stocks

4,067

3,510

Debtors

5

1,440

138

Cash at bank and in hand

41,797

49,502

47,304

53,150

CREDITORS

Amounts falling due within one year

6

21,067

39,481

NET CURRENT ASSETS

26,237

13,669

TOTAL ASSETS LESS CURRENT LIABILITIES

249,387

239,537

RESERVES

Income and expenditure account

249,387

239,537

249,387

239,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

C P Darmanin - Director

J K Foley - Director

1.	STATUTORY INFORMATION

St Joseph's Catholic Sports & Social 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 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.

The financial statement are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents monies received (excluding value added tax) from bar sales and other activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

All fixed assets that cost in excess of £500 are initially capitalised at cost. Individual items below £500 are written off immediately to repairs and renewals. The management committee believe the value of the land owned by the club to be in excess of £215,000. The property and building improvements are depreciated when above this value.

Freehold Property - Fully Depreciated

Improvements - Fully Depreciated

Plant & Machinery - 25% reducing balance

Fixtures & Fittings - 25% reducing balance

Equipment - 25% 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

The company operates for tax purposes under the principle of mutuality and is only liable to Corporation Tax on interest income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2023

and 31 August 2024

343,047

96,959

440,006

DEPRECIATION

At 1 September 2023

128,048

86,090

214,138

Charge for year

-

2,718

2,718

At 31 August 2024

128,048

88,808

216,856

NET BOOK VALUE

At 31 August 2024

214,999

8,151

223,150

At 31 August 2023

214,999

10,869

225,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,440

138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,627

22,977

Taxation and social security

3,706

784

Other creditors

11,734

15,720

21,067

39,481

Other creditors include an advance made by the Brewery which is their main supplier which will be written off over a 3 year period.

7.	LIMITED BY GUARANTEE

The Club is a registered company limited by guarantee and has no share capital.