Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 00045658 Neil Folley Clive Jago Joan Frost Brian Palmer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00045658 2023-09-30 00045658 2024-09-30 00045658 2023-10-01 2024-09-30 00045658 frs-core:CurrentFinancialInstruments 2024-09-30 00045658 frs-core:RevaluationReserve 2023-09-30 00045658 frs-core:RevaluationReserve 2024-09-30 00045658 frs-core:ShareCapital 2024-09-30 00045658 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 00045658 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00045658 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 00045658 frs-bus:SmallEntities 2023-10-01 2024-09-30 00045658 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00045658 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00045658 frs-bus:Director1 2023-10-01 2024-09-30 00045658 frs-bus:Director2 2023-10-01 2024-09-30 00045658 frs-bus:Director3 2023-10-01 2024-09-30 00045658 frs-bus:Director4 2023-10-01 2024-09-30 00045658 frs-countries:EnglandWales 2023-10-01 2024-09-30 00045658 2022-09-30 00045658 2023-09-30 00045658 2022-10-01 2023-09-30 00045658 frs-core:CurrentFinancialInstruments 2023-09-30 00045658 frs-core:RevaluationReserve 2023-09-30 00045658 frs-core:ShareCapital 2023-09-30 00045658 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 00045658
Tavistock Constitutional Club Company Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00045658
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 315,000 315,000
315,000 315,000
CURRENT ASSETS
Debtors 5 56,142 48,994
Cash at bank and in hand 6,532 27,277
62,674 76,271
Creditors: Amounts Falling Due Within One Year 6 (10,840 ) (11,608 )
NET CURRENT ASSETS (LIABILITIES) 51,834 64,663
TOTAL ASSETS LESS CURRENT LIABILITIES 366,834 379,663
PROVISIONS FOR LIABILITIES
Provisions For Charges (21,017 ) (22,412 )
Deferred Taxation (6,500 ) (6,500 )
NET ASSETS 339,317 350,751
CAPITAL AND RESERVES
Called up share capital 7 2,250 2,250
Revaluation reserve 8 289,055 289,055
Profit and Loss Account 48,012 59,446
SHAREHOLDERS' FUNDS 339,317 350,751
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Joan Frost
Director
07/05/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tavistock Constitutional Club Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00045658 . The registered office is C/O Tavistock Conservative Club, Drake Road, Tavistock, Devon, PL19 0AU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The turnover shown in the profit and loss account represents rental income receivable during the year and is stated net of VAT. Rent received in advance is included in accruals and deferred income.
2.3. Investment Properties
Investment property is included at fair value.  Changes in fair value are recognised in the profit and loss account.  Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.4. Financial Instruments
The company holds the following financial instruments:
- Short term trade and other debtors and creditors; 
- Cash and bank balances.
All financial instruments are classified as basic.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
2.5. Taxation
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 315,000
The directors have been advised that in the current economic climate for retail premises, it is unlikely that the previous level of rent will be achievable. In addition, it is unlikely that any new tenant will have the financial strength of the previous tenant HSBC. Accordingly, the directors, with informal advice, consider the property has a value of around £315,000.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,197 4,642
Prepayments and accrued income 8,945 8,352
Other debtors 36,000 36,000
56,142 48,994
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 128
VAT 508 651
Accruals and deferred income 10,332 10,829
10,840 11,608
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,250 2,250
8. Reserves
Revaluation Reserve
£
As at 1 October 2023 289,055
As at 30 September 2024 289,055
9. Related Party Transactions
Tavistock Conservative Club  (Majority shareholders)
The company has previously advanced an interest free loan to Tavistock Conservative Club. No further advances were made during the year. The Club has investments valued at approximately £25,000 which are held by a director on behalf of the Company. The Club has undertaken that their investments will only be sold to reduce the Club's indebtedness to the Company.
There is no set repayment schedule, but the loans are to be repaid when the Club's finances will permit repayment. At the balance sheet date the amount due from Tavistock Conservative Club was £36,000 (2023: £36,000)
The company provides premises to Tavistock Conservative Club at no charge.
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