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Company No: 12835266 (England and Wales)

THE LITTLE CLUB LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

THE LITTLE CLUB LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

THE LITTLE CLUB LIMITED

BALANCE SHEET

As at 31 August 2024
THE LITTLE CLUB LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,375 1,833
1,375 1,833
Current assets
Debtors 4 6,638 10,389
Cash at bank and in hand 88 1,752
6,726 12,141
Creditors: amounts falling due within one year 5 ( 6,177) ( 8,640)
Net current assets 549 3,501
Total assets less current liabilities 1,924 5,334
Creditors: amounts falling due after more than one year 6 ( 10,000) ( 10,000)
Net liabilities ( 8,076) ( 4,666)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 8,176 ) ( 4,766 )
Total shareholders' deficit ( 8,076) ( 4,666)

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Little Club Limited (registered number: 12835266) were approved and authorised for issue by the Director on 09 April 2025. They were signed on its behalf by:

Ms M Knyvett
Director
THE LITTLE CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
THE LITTLE CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Little Club Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover represents activities and events organised throughout the year. Income is recognised on an accruals basis once the activities and events have taken place.

Taxation

The tax charge represents the sum of the tax currently payable and any deferred tax. The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the statement of income and retained earnings because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.

Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are not recognised if the timing difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to the statement of income and retained earnings.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal.

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 statement of income and retained earnings.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price less any provision for debtors that are considered by the director to be doubtful.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 September 2023 1,300 1,167 2,467
At 31 August 2024 1,300 1,167 2,467
Accumulated depreciation
At 01 September 2023 0 634 634
Charge for the financial year 325 133 458
At 31 August 2024 325 767 1,092
Net book value
At 31 August 2024 975 400 1,375
At 31 August 2023 1,300 533 1,833

4. Debtors

2024 2023
£ £
Amounts owed by director 2,528 5,616
Accrued income 0 1,800
Deferred tax asset 2,215 1,078
Corporation tax 1,895 1,895
6,638 10,389

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 5,460 6,086
Taxation and social security 717 2,554
6,177 8,640

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 10,000 10,000

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other loans 10,000 10,000

7. Related party transactions

Included within debtors is £2,528 (2023: £5,616) due from the director.