Company registration number: 01943341
Unaudited financial statements
for the year ended 31 December 2024
for
The Royal Tunbridge Wells District Indoor Bowls Club
Limited
(limited by guarantee)
Pages for filing with the Registrar
Company registration number: 01943341
The Royal Tunbridge Wells District Indoor Bowls Club Limited
(limited by guarantee)
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 192,525 165,629
192,525 165,629
Current assets
Stocks 8,714 8,911
Debtors 2,100 1,781
Cash at bank and in hand 177,311 183,279
188,125 193,971
Creditors: amounts falling due within one
year
(29,842) (30,060)
Net current assets 158,283 163,911
Total assets less current liabilities 350,808 329,540
NET ASSETS 350,808 329,540
Reserves
Income and expenditure account 350,808 329,540
TOTAL RESERVES 350,808 329,540
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01943341
The Royal Tunbridge Wells District Indoor Bowls Club Limited
(limited by guarantee)
Balance sheet - continued
as at 31 December 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 and expenditure account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 17 March 2025 and signed on its behalf by:
L Way, Director P Galbraith, Director
17 March 2025 17 March 2025
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The Royal Tunbridge Wells District Indoor Bowls Club Limited
(limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
The Royal Tunbridge Wells District Indoor Bowls Club Limited is a private company registered in England and Wales. Its registered number is 01943341. The company is limited by guarantee. Its registered office is Highwoods Lane, Tunbridge Wells, Kent, TN2 4TU.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Not provided
Short leasehold property - Straight line over 40 years
Plant and machinery etc.:
Fixtures & fittings - 5% to 25% 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.
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The Royal Tunbridge Wells District Indoor Bowls Club Limited
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

3 Average number of employees
During the year the average number of employees was 2 (2023 - 1).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 January 2024 410,597 304,875 715,472
Additions - 29,254 29,254
At 31 December 2024 410,597 334,129 744,726
Depreciation
At 1 January 2024 258,833 291,010 549,843
Charge for year - 2,358 2,358
At 31 December 2024 258,833 293,368 552,201
Net book value
At 31 December 2024 151,764 40,761 192,525
At 31 December 2023 151,764 13,865 165,629
5 Members' liability
The company is limited by guarantee, not having share capital. The liability of each member to contribute to deficiency in the event of the company being wound up is limited to £1. All directors are members. At the end of the year there were 382 members (2023: 385).
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