Company registration number 01235732 (England and Wales)
WEST MIDLANDS BRIDGE CLUB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WEST MIDLANDS BRIDGE CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WEST MIDLANDS BRIDGE CLUB LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
505,254
518,018
Current assets
Stocks
941
964
Debtors
4
4,498
3,655
Cash at bank and in hand
43,910
74,599
49,349
79,218
Creditors: amounts falling due within one year
5
(20,430)
(46,117)
Net current assets
28,919
33,101
Total assets less current liabilities
534,173
551,119
Provisions for liabilities
(1,040)
(1,042)
Net assets
533,133
550,077
Reserves
Income and expenditure account
533,133
550,077
Total members' funds
533,133
550,077

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 24 June 2025 and are signed on its behalf by:
Elizabeth Court
Director
Company registration number 01235732 (England and Wales)
WEST MIDLANDS BRIDGE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

West Midlands Bridge Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 909 Warwick Road, Solihull, West Midlands, United Kingdom, B91 3EP.

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.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future . Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover represents monies receivable (excluding value added tax) from subscriptions, bridge and commercial activities.

1.4
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:

Freehold land and buildings
2% on cost
Plant and equipment
10% on cost
Office equipment
33% straight line

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

WEST MIDLANDS BRIDGE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees and directors

The average monthly number of directors/employees employed by the company during the year was as follows. (No director's remuneration was paid during the year and there was only one employee, who commenced 1 October 2023:

2025
2024
Number
Number
Total
8
7
WEST MIDLANDS BRIDGE CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Office equipment
Total
£
£
£
£
Cost
At 1 April 2024
707,321
116,645
24,237
848,203
Additions
-
0
8,071
-
0
8,071
At 31 March 2025
707,321
124,716
24,237
856,274
Depreciation and impairment
At 1 April 2024
217,901
89,927
22,357
330,185
Depreciation charged in the year
14,146
5,634
1,055
20,835
At 31 March 2025
232,047
95,561
23,412
351,020
Carrying amount
At 31 March 2025
475,274
29,155
825
505,254
At 31 March 2024
489,420
26,718
1,880
518,018
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
1,398
515
Other debtors
3,100
3,140
4,498
3,655
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,115
34,554
Taxation and social security
2,745
1,277
Other creditors
11,570
10,286
20,430
46,117
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

 

There is no ultimate controlling party as the company is jointly controlled by the members of the Board of Directors.

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