REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
FOR |
DERWENTHURST (RYHOPE) CLUB LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
FOR |
DERWENTHURST (RYHOPE) CLUB LIMITED |
DERWENTHURST (RYHOPE) CLUB LIMITED (REGISTERED NUMBER: 00423805) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31st December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
DERWENTHURST (RYHOPE) CLUB LIMITED |
COMPANY INFORMATION |
For The Year Ended 31st December 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Yard Suite 2.2 |
Gill Bridge Avenue |
Sunderland |
Tyne and Wear |
SR1 3AW |
DERWENTHURST (RYHOPE) CLUB LIMITED (REGISTERED NUMBER: 00423805) |
BALANCE SHEET |
31st December 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
DERWENTHURST (RYHOPE) CLUB LIMITED (REGISTERED NUMBER: 00423805) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31st December 2024 |
1. | STATUTORY INFORMATION |
Derwenthurst (Ryhope) Club Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is recognised when bar and bar products are served to members and customers in the normal course of business, after deducting discounts and sales based taxes. |
There are no significant judgements or estimates made in calculating and recognising turnover. Turnover is not accrued or deferred between one accounting period and another. |
Tangible fixed assets |
Fixtures and fittings | - |
No depreciation charge is made on freehold property on the grounds that due to the practice of regular maintenance and repair (charges of which are recognised in the profit and loss account), the assets are kept to their previously assessed standard. The residual value of freehold property is therefore not considered to be materially different from the carrying value in the financial statements. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
DERWENTHURST (RYHOPE) CLUB LIMITED (REGISTERED NUMBER: 00423805) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st December 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1st January 2024 |
Additions |
At 31st December 2024 |
DEPRECIATION |
At 1st January 2024 |
Charge for year |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
5. | STOCKS |
2024 | 2023 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Prepayments |
DERWENTHURST (RYHOPE) CLUB LIMITED (REGISTERED NUMBER: 00423805) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st December 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors | ( |
) |
Tax |
Social security and other taxes |
VAT | 2,252 | 2,040 |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1,973 | 1,973 |
9. | OTHER FINANCIAL COMMITMENTS |
At the reporting end date the company had outstanding commitments for the future minimum lease payments under non-cancellable operating leases of £11,186 (2023: £2,383). |