Reading Liberal Club Company Ltd

Registered number

00106623

Unaudited Filleted Accounts

31 December 2024

Reading Liberal Club Company Ltd
Registered number:		00106623
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investments	3		510,897			512,991

Current assets
Cash at bank and in hand		16,417			10,206

Creditors: amounts falling due within one year	4	(2,092)			(3,872)

Net current assets			14,325			6,334

Total assets less current liabilities			525,222			519,325


Provisions for liabilities			(39,980)			(31,746)


Net assets			485,242			487,579

Capital and reserves
Called up share capital			287			287
Capital Redemption reserve			484,724			478,941
Profit and loss account			231			8,351

Shareholders' funds			485,242			487,579

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D M Langshaw
Director
Approved by the board on 14 April 2025

Reading Liberal Club Company Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes income from investments held.

	Investments
	Listed investments are measured at fair value (ie at market value). Changes in fair value are recognised in the profit or loss account. Other non-listed investments are measured at cost less impairment.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					0		0


3	Investments

Other
investments
£
	Cost
	At 1 January 2024							512,991
	Additions							90,066
	Revaluation							30,299
	Disposals							(122,459)

	At 31 December 2024							510,897

	Historical cost
	At 1 January 2024							371,383
	At 31 December 2024							338,990



4	Creditors: amounts falling due within one year					2024		2023
£							£

	Taxation and social security costs					932		2,733
	Other creditors					1,160		1,139
						2,092		3,872


5	Share Capital	Nominal		2024		2024		2023
value			Number		£		£

	Allotted, called up and fully paid:
	Ordinary shares	£1 each		250		250		250
	Ordinary shares - partly paid	£1 each		47		21		21
						271		271

	Ordinary shares - forfeited	£1 each		46		16		16
						287		287


6	Capital Redemption Reserve					2024		2023
£							£

	At 1 January 2024					478,941		467,984
	Transfer from Profit & Loss account					5,783		10,957

	At 31 December 2024					484,724		478,941


7	Related party transactions

	The share capital of Reading Liberal Club Company Ltd is owned by trustees on behalf of the Reading Liberal Club. During the year the company gave the Reading Liberal Club £37,500 in support of its activities.


8	Other information

	Reading Liberal Club Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	158 Castle Hill
	Reading
	Berkshire
	RG1 7RP