IRIS Accounts Production v25.1.4.42 02418824 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024188242023-09-30024188242024-09-30024188242023-10-012024-09-30024188242022-05-31024188242022-06-012023-09-30024188242023-09-3002418824ns15:EnglandWales2023-10-012024-09-3002418824ns14:PoundSterling2023-10-012024-09-3002418824ns10:Director12023-10-012024-09-3002418824ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002418824ns10:SmallEntities2023-10-012024-09-3002418824ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3002418824ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002418824ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002418824ns10:FullAccounts2023-10-012024-09-3002418824ns10:Director22023-10-012024-09-3002418824ns10:Director32023-10-012024-09-3002418824ns10:Director42023-10-012024-09-3002418824ns10:Director52023-10-012024-09-3002418824ns10:Director62023-10-012024-09-3002418824ns10:Director72023-10-012024-09-3002418824ns10:RegisteredOffice2023-10-012024-09-3002418824ns5:CurrentFinancialInstruments2024-09-3002418824ns5:CurrentFinancialInstruments2023-09-3002418824ns5:ShareCapital2024-09-3002418824ns5:ShareCapital2023-09-3002418824ns5:RetainedEarningsAccumulatedLosses2024-09-3002418824ns5:RetainedEarningsAccumulatedLosses2023-09-3002418824ns5:LandBuildings2023-10-012024-09-3002418824ns5:PlantMachinery2023-10-012024-09-3002418824ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3002418824ns5:FurnitureFittings2023-09-3002418824ns5:ComputerEquipment2023-09-3002418824ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-3002418824ns5:FurnitureFittings2023-10-012024-09-3002418824ns5:ComputerEquipment2023-10-012024-09-3002418824ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-3002418824ns5:FurnitureFittings2024-09-3002418824ns5:ComputerEquipment2024-09-3002418824ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3002418824ns5:FurnitureFittings2023-09-3002418824ns5:ComputerEquipment2023-09-30
REGISTERED NUMBER: 02418824 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Glebelands (Finchley) Indoor Bowls Club
Ltd

Glebelands (Finchley) Indoor Bowls Club
Ltd (Registered number: 02418824)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Glebelands (Finchley) Indoor Bowls Club
Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A R Lewis
H J Norden
R Raymond
H A Schuricht
I H Seddon
M B Spiro
M G Swift





REGISTERED OFFICE: Summers Lane
Finchley
London
N12 0PD





REGISTERED NUMBER: 02418824 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Glebelands (Finchley) Indoor Bowls Club
Ltd (Registered number: 02418824)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 246,024 266,492

CURRENT ASSETS
Debtors 6 4,157 2,062
Cash at bank and in hand 61,063 29,473
65,220 31,535
CREDITORS
Amounts falling due within one year 7 51,246 39,439
NET CURRENT ASSETS/(LIABILITIES) 13,974 (7,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,998

258,588

CAPITAL AND RESERVES
Called up share capital 54,520 55,750
Retained earnings 205,478 202,838
259,998 258,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 profit or loss 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.

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 11 June 2025 and were signed on its behalf by:





M B Spiro - Director


Glebelands (Finchley) Indoor Bowls Club
Ltd (Registered number: 02418824)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Glebelands (Finchley) Indoor Bowls Club Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Membership subscriptions are recognised evenly across the period in which they relate to.
Green and match fees are recognised as and when the matches are played.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - Straight line over 5 years

Taxation
The club is registered as a Community Amateur Sports club (CASC) and, as such, benefits from certain tax exemptions. Under current legislation:

* The club is exempt from corporation tax on trading profits where turnover is below £50,000 per annum, provided these funds are used for qualifying purposes.

* The club is not registered for VAT, and VAT incurred on purchases is treated as an expense.

For the year ended 30 September 2024, the club has reviewed its activities and determined that its income remains within the tax-exempt limits. As a result, no provision for corporation tax is required.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Glebelands (Finchley) Indoor Bowls Club
Ltd (Registered number: 02418824)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 691,521 302,001 4,214 997,736
Additions - 3,010 272 3,282
At 30 September 2024 691,521 305,011 4,486 1,001,018
DEPRECIATION
At 1 October 2023 459,864 269,412 1,968 731,244
Charge for year 13,830 9,027 893 23,750
At 30 September 2024 473,694 278,439 2,861 754,994
NET BOOK VALUE
At 30 September 2024 217,827 26,572 1,625 246,024
At 30 September 2023 231,657 32,589 2,246 266,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Prepayments and accrued income 4,157 2,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 10,001 -
Social security and other taxes 856 856
Accruals and deferred income 40,389 38,583
51,246 39,439

8. ULTIMATE CONTROLLING PARTY

The members of the club control the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Glebelands (Finchley) Indoor Bowls Club
Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Glebelands (Finchley) Indoor Bowls Club Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Glebelands (Finchley) Indoor Bowls Club Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glebelands (Finchley) Indoor Bowls Club Ltd and state those matters that we have agreed to state to the Board of Directors of Glebelands (Finchley) Indoor Bowls Club Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glebelands (Finchley) Indoor Bowls Club Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Glebelands (Finchley) Indoor Bowls Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Glebelands (Finchley) Indoor Bowls Club Ltd. You consider that Glebelands (Finchley) Indoor Bowls Club Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Glebelands (Finchley) Indoor Bowls Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


11 June 2025