PETWORTH PARK SPORTS CIC

Company limited by guarantee

Company Registration Number:
10855444 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

PETWORTH PARK SPORTS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PETWORTH PARK SPORTS CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 14,940 15,320
Investments:   0 0
Total fixed assets: 14,940 15,320
Current assets
Stocks: 4 3,497 4,283
Debtors:   0 0
Cash at bank and in hand: 4,304 12,880
Investments:   0 0
Total current assets: 7,801 17,163
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 1,661 ) ( 6,754 )
Net current assets (liabilities): 6,140 10,409
Total assets less current liabilities: 21,080 25,729
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 3,248 ) ( 3,269 )
Total net assets (liabilities): 17,832 22,460
Members' funds
Profit and loss account: 17,832 22,460
Total members' funds: 17,832 22,460

The notes form part of these financial statements

PETWORTH PARK SPORTS CIC

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 April 2025
and signed on behalf of the board by:

Name: Alan Copus
Status: Director

The notes form part of these financial statements

PETWORTH PARK SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    All equipment and tenant's fittings are depreciated over 5 years

PETWORTH PARK SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

PETWORTH PARK SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 18,570 18,570
Additions 3,284 3,284
Disposals
Revaluations
Transfers
At 31 July 2024 21,854 21,854
Depreciation
At 1 August 2023 3,250 3,250
Charge for year 3,664 3,664
On disposals
Other adjustments
At 31 July 2024 6,914 6,914
Net book value
At 31 July 2024 14,940 14,940
At 31 July 2023 15,320 15,320

PETWORTH PARK SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 3,497 4,283
Total 3,497 4,283

PETWORTH PARK SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,661 6,754
Total 1,661 6,754

COMMUNITY INTEREST ANNUAL REPORT

PETWORTH PARK SPORTS CIC

Company Number: 10855444 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The Company exists to provide a Club for sport and recreation facilities for the residents of Petworth Town and its surrounds, using the grounds and pavilion building in Petworth Park, West Sussex During the financial year the principal activities have been amateur cricket, football and petanque but additionally there are family-based soft-play activities particularly in the summer months.. Membership of the Club is available to all residents

Consultation with stakeholders

The stakeholders are Petworth Town Council, Petworth Football Club and Petworth Park Cricket Club who each have seats on the Company Board. As such they are able to communicate their requirements direct to the Company. A long term plan for the whole sports facility has recently been drafted. Preparation of this required consultation with the above stakeholders and other local user groups, including the petanque club, Petworth Scouts, School and Youth Club

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 April 2025

And signed on behalf of the board by:
Name: Alan Copus
Status: Director