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REGISTERED NUMBER: 03524099 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2023 to 31 August 2024

for

Hornsea And District Indoor Bowls Club
Limited

Hornsea And District Indoor Bowls Club
Limited (Registered number: 03524099)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hornsea And District Indoor Bowls Club
Limited

Company Information
for the Period 1 October 2023 to 31 August 2024







DIRECTORS: I B Paddy
P A J Meggitt





REGISTERED OFFICE: Atwick Road
Hornsea
East Yorkshire
HU18 1EL





REGISTERED NUMBER: 03524099 (England and Wales)





ACCOUNTANTS: Assured Accountancy
23 Exchange Street
Driffield
East Riding
YO25 6LF

Hornsea And District Indoor Bowls Club
Limited (Registered number: 03524099)

Balance Sheet
31 August 2024

31.8.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 431,791 445,607

CURRENT ASSETS
Stocks 5 2,615 3,381
Debtors 6 6,260 6,034
Cash at bank and in hand 66,672 55,984
75,547 65,399
CREDITORS
Amounts falling due within one year 7 (28,255 ) (29,538 )
NET CURRENT ASSETS 47,292 35,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,083

481,468

CREDITORS
Amounts falling due after more than one
year

8

(383,369

)

(396,117

)
NET ASSETS 95,714 85,351

RESERVES
Capital redemption reserve 10,917 10,917
Income and expenditure account 84,797 74,434
95,714 85,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

Hornsea And District Indoor Bowls Club
Limited (Registered number: 03524099)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




I B Paddy - Director



P A J Meggitt - Director


Hornsea And District Indoor Bowls Club
Limited (Registered number: 03524099)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 August 2024

1. STATUTORY INFORMATION

Hornsea And District Indoor Bowls Club Limited is a private company, limited by guarantee , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Grants
Grants received in respect of capital expenditure are amortised over the expected useful life of the assets concerned. Grants in respect of revenue expenditure are credited to the profit and loss account when the expenditure is incurred.

Employee benefits
The cost of providing employee benefits to which employees have been entitled to as a result of service is recognised at the undiscounted amount of short term benefits expected to be paid for that service. This includes holiday pay earned by the employee at the report date but not taken.

The company operates a defined contribution plan for the benefit of its employees. Contributions payable are recognised in the profit and loss when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 6 ) .

Hornsea And District Indoor Bowls Club
Limited (Registered number: 03524099)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 October 2023 700,596 139,019 159,462 999,077
Additions - 1,440 12,052 13,492
At 31 August 2024 700,596 140,459 171,514 1,012,569
DEPRECIATION
At 1 October 2023 297,763 127,403 128,304 553,470
Charge for period 10,704 4,525 12,079 27,308
At 31 August 2024 308,467 131,928 140,383 580,778
NET BOOK VALUE
At 31 August 2024 392,129 8,531 31,131 431,791
At 30 September 2023 402,833 11,616 31,158 445,607

The company occupies purpose built premise which were bought into use on 01 September 1998. The building is situated on land at Atwick Road, Hornsea which is leased to the company at a peppercorn rent of £1 per annum. The lease expires on 31 December 2058 with an option to renew for 60 years, exercisable after 58 years.

5. STOCKS
31.8.24 30.9.23
£    £   
Bar stock 1,804 2,942
Catering stock 811 439
2,615 3,381

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.9.23
£    £   
Other debtors 1,181 455
VAT - 323
Prepayments 5,079 5,256
6,260 6,034

Hornsea And District Indoor Bowls Club
Limited (Registered number: 03524099)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.9.23
£    £   
Trade creditors 3,001 3,469
Tax - 40
Social security and other taxes 48 1,328
VAT 178 -
Deferred income 5,723 4,553
Accrued expenses 3,399 6,242
Deferred government grants 15,906 13,906
28,255 29,538

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 30.9.23
£    £   
Deferred government grants 383,369 396,117