Company registration number 03768681 (England and Wales)
HEACHAM CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HEACHAM CLUB LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HEACHAM CLUB LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
297,304
351,487
Current assets
Stocks
12,020
11,540
Debtors
4
80
1,741
Cash at bank and in hand
82,490
86,613
94,590
99,894
Creditors: amounts falling due within one year
5
(65,233)
(38,650)
Net current assets
29,357
61,244
Total assets less current liabilities
326,661
412,731
Creditors: amounts falling due after more than one year
6
(208,863)
(228,296)
Net assets
117,798
184,435
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
117,797
184,434
Total equity
117,798
184,435
HEACHAM CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
For the financial year ended 30 September 2024 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 profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mr Darren Bailey
Director
Company registration number 03768681 (England and Wales)
HEACHAM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
Heacham Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13 Station Road, Heacham, Kings Lynn, Norfolk, England, PE31 7HG.
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 have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Plant and equipment
- 20% reducing balance
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
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.
1.6
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
1.7
Government grants
Grants have been recognised on a systematic basis over the expected useful life of the property to which it relates.
HEACHAM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
12
12
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
620,484
181,627
802,111
Additions
8,972
8,972
At 30 September 2024
620,484
190,599
811,083
Depreciation and impairment
At 1 October 2023
309,708
140,916
450,624
Depreciation charged in the year
54,217
8,938
63,155
At 30 September 2024
363,925
149,854
513,779
Carrying amount
At 30 September 2024
256,559
40,745
297,304
At 30 September 2023
310,776
40,711
351,487
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
80
1,741
5
Creditors: amounts falling due within one year
2024
2023
£
£
Government grant
19,433
19,433
Trade creditors
15,903
7,109
Corporation tax
306
Other taxation and social security
16,004
3,258
Other creditors
13,893
8,544
65,233
38,650
HEACHAM CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Government grant
208,863
228,296
7
Operating lease commitments
[Further information as appropriate]
As lessor - operating leases
The operating leases represent leases [of XXX] to third parties. The leases are negotiated over terms of [XX-YY] years and rentals are fixed for [XX-YY] years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.
[Further information as appropriate]