Company registration number 05370712 (England and Wales)
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr J Pallet
Mrs J Taylor
Mr D Mitchell-Gears
Mrs C Gaylor
Mr G Cousins
Mrs P Cleland
(Appointed 9 April 2024)
Secretary
Mrs P Cleland
(Appointed 28 March 2024)
Company number
05370712
Registered office
Clay Hall Lane
Valley Road
Clacton on Sea
Essex
CO15 6NA
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
859,835
875,321
Current assets
Stocks
8,158
9,916
Debtors
5
6,284
3,864
Cash at bank and in hand
93,746
89,047
108,188
102,827
Creditors: amounts falling due within one year
6
(34,132)
(37,652)
Net current assets
74,056
65,175
Total assets less current liabilities
933,891
940,496
Reserves
Other reserves
60,000
60,000
Income and expenditure account
873,891
880,496
Members' funds
933,891
940,496
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 April 2025 and are signed on its behalf by:
Mr  J  Pallet
Director
Company Registration No. 05370712
The notes on pages 4 to 6 form part of these financial statements
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Clacton and District Indoor Bowls Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Clay Hall Lane, Valley Road, Clacton on Sea, Essex, CO15 6NA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Turnover represents monies receivable (excluding Value Added Tax) from bar sales, subscription income, green fees and machine takings.

 

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include non-reclaimable VAT where applicable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Freehold improvements
5% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance

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 surplus or deficit.

Freehold property is not depreciated as the directors consider market value to be in excess of book value.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price.

 

CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
CLACTON AND DISTRICT INDOOR BOWLS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Tangible fixed assets
Freehold land and buildings
Freehold improvements
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
£
Cost
At 1 January 2024
675,218
269,934
84,673
23,116
1,052,941
Additions
-
0
-
0
675
-
0
675
At 31 December 2024
675,218
269,934
85,348
23,116
1,053,616
Depreciation and impairment
At 1 January 2024
-
0
80,237
75,985
21,398
177,620
Depreciation charged in the year
-
0
13,497
2,235
429
16,161
At 31 December 2024
-
0
93,734
78,220
21,827
193,781
Carrying amount
At 31 December 2024
675,218
176,200
7,128
1,289
859,835
At 31 December 2023
675,218
189,697
8,688
1,718
875,321
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6,284
3,864
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,825
15,117
Taxation and social security
819
1,092
Other creditors
24,488
21,443
34,132
37,652
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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