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COMPANY REGISTRATION NUMBER: 2126439
ITEM CLUB LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 July 2024
ITEM CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
4
50,000
50,000
Cash at bank and in hand
2,635
2,900
--------
--------
52,635
52,900
CREDITORS: amounts falling due within one year
5
3,423
2,549
--------
--------
NET CURRENT ASSETS
49,212
50,351
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
49,212
50,351
--------
--------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
48,212
49,351
--------
--------
SHAREHOLDERS FUNDS
49,212
50,351
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 April 2025 , and are signed on behalf of the board by:
J Walker
Director
Company registration number: 2126439
ITEM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60 St Aldates, OXFORD, OX1 1ST.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic or Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. DEBTORS
2024
2023
£
£
Trade debtors
50,000
50,000
--------
--------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Directors loan account
2,669
1,936
Other creditors
754
613
-------
-------
3,423
2,549
-------
-------
6. RELATED PARTY TRANSACTIONS
During the year the Directors loaned the Company £ 2,669 (2023: £ 1,936 ). This amount was interest free and repayable upon demand.