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COMPANY REGISTRATION NUMBER: 00567079
KENT GLIDING CLUB LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
KENT GLIDING CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
30 Sep 24
31 Dec 23
Note
£
£
FIXED ASSETS
Tangible assets
4
260,147
282,083
CURRENT ASSETS
Debtors
5
37,753
23,087
Cash at bank and in hand
186,596
192,665
----------
----------
224,349
215,752
CREDITORS: amounts falling due within one year
6
11,106
21,058
----------
----------
NET CURRENT ASSETS
213,243
194,694
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
473,390
476,777
CREDITORS: amounts falling due after more than one year
7
96,496
101,069
----------
----------
NET ASSETS
376,894
375,708
----------
----------
CAPITAL AND RESERVES
Profit and loss account
376,894
375,708
----------
----------
MEMBERS FUNDS
376,894
375,708
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 September 2024 the club was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KENT GLIDING CLUB LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
Mr I G Sullivan
Director
Company registration number: 00567079
KENT GLIDING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2024 TO 30 SEPTEMBER 2024
1. GENERAL INFORMATION
The club is a private club limited by shares, registered in England and Wales. The address of the registered office is Squids Gate, Challock, Ashford, Kent, TN25 4DR.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. TANGIBLE ASSETS
Freehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024 and 30 September 2024
211,718
359,987
36,661
608,366
----------
----------
---------
----------
Depreciation
At 1 January 2024
7,181
282,441
36,661
326,283
Charge for the period
21,936
21,936
----------
----------
---------
----------
At 30 September 2024
7,181
304,377
36,661
348,219
----------
----------
---------
----------
Carrying amount
At 30 September 2024
204,537
55,610
260,147
----------
----------
---------
----------
At 31 December 2023
204,537
77,546
282,083
----------
----------
---------
----------
5. DEBTORS
30 Sep 24
31 Dec 23
£
£
Other debtors
37,753
23,087
---------
---------
6. CREDITORS: amounts falling due within one year
30 Sep 24
31 Dec 23
£
£
Trade creditors
21,058
Corporation tax
633
Social security and other taxes
891
Other creditors
9,582
---------
---------
11,106
21,058
---------
---------
7. CREDITORS: amounts falling due after more than one year
30 Sep 24
31 Dec 23
£
£
Other creditors
96,496
101,069
---------
----------