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REGISTERED NUMBER: 11428476 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Kibworth Gun Club Limited

Kibworth Gun Club Limited (Registered number: 11428476)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kibworth Gun Club Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D J Loach





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 11428476 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Kibworth Gun Club Limited (Registered number: 11428476)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 75,842 94,802
Tangible assets 5 955,999 969,458
1,031,841 1,064,260

CURRENT ASSETS
Stocks 257,148 371,178
Debtors 6 7,916 150
Cash at bank and in hand 94,884 116,678
359,948 488,006
CREDITORS
Amounts falling due within one year 7 (487,892 ) (516,982 )
NET CURRENT LIABILITIES (127,944 ) (28,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,897

1,035,284

CREDITORS
Amounts falling due after more than one
year

8

(746,260

)

(819,351

)

PROVISIONS FOR LIABILITIES (5,415 ) (6,850 )
NET ASSETS 152,222 209,083

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 152,220 209,081
152,222 209,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kibworth Gun Club Limited (Registered number: 11428476)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:





D J Loach - Director


Kibworth Gun Club Limited (Registered number: 11428476)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Kibworth Gun Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the director to maintain the necessary financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell on a first in first out basis 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 Statement of Income and Retained Earnings, 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.


Kibworth Gun Club Limited (Registered number: 11428476)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 189,604
AMORTISATION
At 1 October 2023 94,802
Amortisation for year 18,960
At 30 September 2024 113,762
NET BOOK VALUE
At 30 September 2024 75,842
At 30 September 2023 94,802

Kibworth Gun Club Limited (Registered number: 11428476)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 965,744 58,779 13,399
Additions - - 2,545
At 30 September 2024 965,744 58,779 15,944
DEPRECIATION
At 1 October 2023 32,368 42,867 7,961
Charge for year 6,439 3,978 1,996
At 30 September 2024 38,807 46,845 9,957
NET BOOK VALUE
At 30 September 2024 926,937 11,934 5,987
At 30 September 2023 933,376 15,912 5,438

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 18,050 11,984 1,067,956
Additions - 412 2,957
At 30 September 2024 18,050 12,396 1,070,913
DEPRECIATION
At 1 October 2023 7,903 7,399 98,498
Charge for year 2,537 1,466 16,416
At 30 September 2024 10,440 8,865 114,914
NET BOOK VALUE
At 30 September 2024 7,610 3,531 955,999
At 30 September 2023 10,147 4,585 969,458

Included in cost of land and buildings is freehold land of £ 643,829 (2023 - £ 643,829 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 7,916 150

Kibworth Gun Club Limited (Registered number: 11428476)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 72,062 67,316
Trade creditors 75,354 89,999
Taxation and social security 28,693 45,228
Other creditors 311,783 314,439
487,892 516,982

Other creditors includes accruals and deferred income of £3,467 (2023: £4,324).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 746,260 819,351

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 436,450 521,750

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loan 801,045 859,220

The bank loan is secured over the freehold property and also by a fixed and floating charge over all the assets of the company.