Company registration number 09794879 (England and Wales)
EAST GLOUCESTERSHIRE CLUB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EAST GLOUCESTERSHIRE CLUB LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
EAST GLOUCESTERSHIRE CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,275,599
1,112,058
Investments
5
1
1
1,275,600
1,112,059
Current assets
Stocks
37,600
31,600
Debtors
32,009
22,642
Investments
605,661
571,022
Cash at bank and in hand
40,177
15,727
715,447
640,991
Creditors: amounts falling due within one year
(364,529)
(234,833)
Net current assets
350,918
406,158
Total assets less current liabilities
1,626,518
1,518,217
Creditors: amounts falling due after more than one year
(128,724)
(64,000)
Net assets
1,497,794
1,454,217
Reserves
Capital fund
8
1,068,537
1,016,058
Club development & maintenance fund
81,982
49,394
Court renewal fund
16
320,000
382,500
Income and expenditure account
9
27,275
6,265
Total members' funds
1,497,794
1,454,217

The notes on pages 3 to 7 form part of these financial statements.

EAST GLOUCESTERSHIRE CLUB LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 April 2025 and are signed on its behalf by:
Mr R Barker
Dr A R L Butland
Director
Director
Company registration number 09794879 (England and Wales)
EAST GLOUCESTERSHIRE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

East Gloucestershire Club Limited is a private company limited by guarantee and a registered Community Amateur Sports Club ("CASC") incorporated in England and Wales. The registered office is East Glos Club, Old Bath Road, Cheltenham, Gloucestershire, United Kingdom, GL53 7DF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about East Gloucestershire Club Limited as an individual company and do not contain consolidated financial information as a parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

1.2
Turnover

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

 

Subscriptions and sponsorship income are recognised on a time-apportioned basis in the accounting period to which the subscription or sponsorship relates. Course fees, facilities rental income and other event income is recognised when the event takes place. Court booking income is recognised when the booking is made. Retail and catering income is recognised at the point of sale.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tennis and Padel courts
at varying rates on cost
Equipment
at varying rates on cost
Clubhouse and grounds
at varying rates on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Freehold land is not depreciated. Only assets costing greater than £1,000 are capitalised, with smaller value items being expensed as they are incurred.

1.4
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

EAST GLOUCESTERSHIRE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

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

1.6

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 and loss in the period to which they relate.

1.7

Value added tax

As a non-profit making sports club, the company is governed by the partial exemption regulations as stipulated by HM Revenue and Customs. In adhering to these regulations, the company is not in a position to recover all VAT suffered in respect of goods and services purchased. In line with latest HMRC guidelines, the amount of non-recoverable VAT is added to the cost of the individual headings of expenditure rather than shown on a separate line of expenditure.

1.8

Capital grants received

 

Grants are recognised on an accruals basis in accordance with Section 24 of FRS 102.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
64
63
EAST GLOUCESTERSHIRE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Tangible fixed assets
Total
£
Cost
At 1 January 2024
1,662,590
Additions
258,885
At 31 December 2024
1,921,475
Depreciation and impairment
At 1 January 2024
550,532
Depreciation charged in the year
95,344
At 31 December 2024
645,876
Carrying amount
At 31 December 2024
1,275,599
At 31 December 2023
1,112,058

Included in the cost of Clubhouse and grounds is freehold land at a historic cost of £8,667 (2023: £8,667) which is not depreciated.

5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1
1
6
Pension Commitments

The Club operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Club in independently administered funds. The pension cost charge represents contributions payable by the Club to the funds and amounted to £14,910 (2023: £11,791). Contributions payable to the fund at the balance sheet date were £2,706 (2023: £1,933).

7
Members' liability

The company is limited by guarantee. The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up whilst he or she is a member or within one year after he or she ceases to be a member.

EAST GLOUCESTERSHIRE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
8
Capital Fund
2024
2023
£
£
At the beginning of the year
1,016,058
1,000,115
Transfers between funds
(235,062)
(93,397)
Capital expenditure
287,541
109,340
At the end of the year
1,068,537
1,016,058

The capital fund represents the net book value of the club's fixed assets, net of advance membership subscriptions, the balance on our asset-secured LTA loan and the value of grants received towards the capital expenditure.

9
Income and expenditure account
2024
2023
£
£
At the beginning of the year
6,265
65,763
Surplus for the year
43,577
84,669
Transfer between funds
264,974
(34,827)
Capital expenditure
(287,541)
(109,340)
At the end of the year
27,275
6,265
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Roger Downes FCA
Statutory Auditor:
BK Plus Limited
Date of audit report:
17 April 2025
EAST GLOUCESTERSHIRE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
11
Capital commitments

Amounts contracted for but not provided in the financial statements:

2024
2023
£
£
Acquisition of tangible fixed assets
496,026
17,453
12
Related party transactions

Transactions with directors

During the year the company reimbursed out-of-pocket expenses, paid on its behalf, to two directors totalling £287 (2023: £266).

 

The company obtained directors liability insurance during the year at a cost of £840 (2023: £840).

 

East Glos Club Coaching Limited

East Glos Club Coaching Limited paid its surplus of £197,896 (2023: £158,840) to this company as a distribution payment to a CASC-registered company.

 

The amount due to East Glos Club Coaching Limited at 31 December 2024 was £80,567 (2023: NIL).

2024-12-312024-01-01falsefalsefalse17 April 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr D M ClaytonMr R BarkerDr A R L ButlandMr N J A HowittMr O C Hutton-PottsMr J E KingMr R H KnightMr Robert BarkerDr Andrea ButlandMr P MitchenerMs S WatkissMr Peter MitchenerMr D Morris097948792024-01-012024-12-31097948792024-12-31097948792023-12-3109794879core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3109794879core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3109794879core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3109794879core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3109794879core:RevaluationReserve2024-12-3109794879core:RevaluationReserve2023-12-3109794879core:CapitalRedemptionReserve2024-12-3109794879core:CapitalRedemptionReserve2023-12-3109794879core:OtherMiscellaneousReserve2024-12-3109794879core:OtherMiscellaneousReserve2023-12-3109794879core:RetainedEarningsAccumulatedLosses2024-12-3109794879core:RetainedEarningsAccumulatedLosses2023-12-3109794879core:RevaluationReserve2023-12-3109794879core:RevaluationReserve2022-12-3109794879core:RetainedEarningsAccumulatedLosses2023-12-3109794879core:RetainedEarningsAccumulatedLosses2022-12-3109794879bus:Director22024-01-012024-12-3109794879bus:Director32024-01-012024-12-3109794879core:LeaseholdImprovements2024-01-012024-12-3109794879core:ComputerEquipment2024-01-012024-12-3109794879core:MotorVehicles2024-01-012024-12-31097948792023-01-012023-12-31097948792023-12-3109794879bus:CompanyLimitedByGuarantee2024-01-012024-12-3109794879bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109794879bus:FRS1022024-01-012024-12-3109794879bus:Audited2024-01-012024-12-3109794879bus:Director12024-01-012024-12-3109794879bus:Director42024-01-012024-12-3109794879bus:Director52024-01-012024-12-3109794879bus:Director62024-01-012024-12-3109794879bus:Director72024-01-012024-12-3109794879bus:Director82024-01-012024-12-3109794879bus:Director92024-01-012024-12-3109794879bus:Director102024-01-012024-12-3109794879bus:Director112024-01-012024-12-3109794879bus:Director122024-01-012024-12-3109794879bus:CompanySecretary12024-01-012024-12-3109794879bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP