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
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
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
Thame Town Cricket Club Limited
Statement of financial position
as at 31 October 2024
Tangible assets
184,345
201,076
Cash at bank and in hand
61,366
55,726
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
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
Thame Town Cricket Club Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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.
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
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
At 31 October 2024
168,189
968
15,188
184,345
At 31 October 2023
180,295
2,921
17,860
201,076
Amounts falling due within one year
Accrued income and prepayments
2,304
6,398
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,882
4,927
Taxes and social security
109
104
Other creditors
18,297
27,172
Deferred income
4,523
5,809
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
28,282
44,090
Deferred income
4,400
6,600
Aggregate of amounts that fall due for payment after five years
4,736
8,743
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).