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Company Registration No. 11074234 (England and Wales)
Thame Town Cricket Club Limited Unaudited accounts for the year ended 31 October 2024
Thame Town Cricket Club Limited Unaudited accounts Contents
Page
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Thame Town Cricket Club Limited Company Information for the year ended 31 October 2024
Directors
Mr S.A. Beard Mrs S.L. Beard Mr A. Lachlan Mr I.D. Mcstay Mrs S. Patey Mr J.R Phippen Mrs J.A. Phippen Mr J.J. Phippen
Secretary
Mr S.A. Beard
Company Number
11074234 (England and Wales)
Registered Office
Church Meadow Church Road Thame Oxon OX9 3AJ England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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Thame Town Cricket Club Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
184,345 
201,076 
Current assets
Inventories
2,630 
3,000 
Debtors
8,723 
16,357 
Cash at bank and in hand
61,366 
55,726 
72,719 
75,083 
Creditors: amounts falling due within one year
(26,908)
(39,281)
Net current assets
45,811 
35,802 
Total assets less current liabilities
230,156 
236,878 
Creditors: amounts falling due after more than one year
(32,682)
(50,690)
Net assets
197,474 
186,188 
Reserves
Profit and loss account
197,474 
186,188 
Members' funds
197,474 
186,188 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
Mr A. Lachlan Director Company Registration No. 11074234
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Thame Town Cricket Club Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Thame Town Cricket Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 11074234. The registered office is Church Meadow, Church Road, Thame, Oxon, OX9 3AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight line basis
Plant & machinery
20% Straight line basis
Fixtures & fittings
20% Straight line basis
Grants
Grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Thame Town Cricket Club Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
242,131 
77,366 
50,004 
369,501 
Additions
- 
249 
1,938 
2,187 
At 31 October 2024
242,131 
77,615 
51,942 
371,688 
Depreciation
At 1 November 2023
61,836 
74,445 
32,144 
168,425 
Charge for the year
12,106 
2,202 
4,610 
18,918 
At 31 October 2024
73,942 
76,647 
36,754 
187,343 
Net book value
At 31 October 2024
168,189 
968 
15,188 
184,345 
At 31 October 2023
180,295 
2,921 
17,860 
201,076 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,936 
Trade debtors
2,498 
8,023 
Accrued income and prepayments
2,304 
6,398 
Other debtors
3,921 
- 
8,723 
16,357 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
960 
- 
Trade creditors
1,882 
4,927 
Taxes and social security
109 
104 
Other creditors
18,297 
27,172 
Accruals
1,137 
1,269 
Deferred income
4,523 
5,809 
26,908 
39,281 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
28,282 
44,090 
Deferred income
4,400 
6,600 
32,682 
50,690 
Aggregate of amounts that fall due for payment after five years
4,736 
8,743 
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Thame Town Cricket Club Limited Notes to the Accounts for the year ended 31 October 2024
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 October 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
2,414 
10
Transactions with related parties
Included in wage costs for the year, were payments made to directors totalling £14,534 (2023- £15,568). This covered administrative, hirings and bar work services provided.
11
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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