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REGISTERED NUMBER: 03451818 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Penarth Road Snooker Club Limited

Penarth Road Snooker Club Limited (Registered number: 03451818)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Penarth Road Snooker Club Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: N P Risdale
P V Risdale





SECRETARY: Mrs J V Risdale





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 03451818 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Penarth Road Snooker Club Limited (Registered number: 03451818)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 8,725 10,558

CURRENT ASSETS
Stocks 6 4,234 4,558
Debtors 7 172 -
Cash at bank and in hand 172,653 139,565
177,059 144,123
CREDITORS
Amounts falling due within one year 8 50,640 66,653
NET CURRENT ASSETS 126,419 77,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,144

88,028

PROVISIONS FOR LIABILITIES 1,993 2,440
NET ASSETS 133,151 85,588

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 133,149 85,586
SHAREHOLDERS' FUNDS 133,151 85,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Penarth Road Snooker Club Limited (Registered number: 03451818)

Balance Sheet - continued
31 October 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:




P V Risdale - Director



N P Risdale - Director


Penarth Road Snooker Club Limited (Registered number: 03451818)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Penarth Road Snooker Club Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis as the directors believe that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

Turnover and revenue recognition
Items of income are recognised in the financial statements, net of applicable VAT, when the risks and rewards of ownership have passed to the consumer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Penarth Road Snooker Club Limited (Registered number: 03451818)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 50,858
Additions 400
At 31 October 2024 51,258
DEPRECIATION
At 1 November 2023 40,300
Charge for year 2,233
At 31 October 2024 42,533
NET BOOK VALUE
At 31 October 2024 8,725
At 31 October 2023 10,558

6. STOCKS
31.10.24 31.10.23
£    £   
Stocks 4,234 4,558

Penarth Road Snooker Club Limited (Registered number: 03451818)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 172 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 8,928 8,182
Taxation and social security 30,042 33,531
Other creditors 11,670 24,940
50,640 66,653

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary 1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company has made advances to a director through his loan account with a total value of £36,598 (2023 - £55,638). The balance of the loan account at 31 October 2024 was £503 due by the company to the director (2023 - £709). There is no fixed repayment date on this loan and no interest has been charged.