IRIS Accounts Production v25.1.4.42 00205698 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh002056982023-12-31002056982024-12-31002056982024-01-012024-12-31002056982022-12-31002056982023-01-012023-12-31002056982023-12-3100205698ns15:EnglandWales2024-01-012024-12-3100205698ns14:PoundSterling2024-01-012024-12-3100205698ns10:Director12024-01-012024-12-3100205698ns10:CompanyLimitedByGuarantee2024-01-012024-12-3100205698ns10:SmallEntities2024-01-012024-12-3100205698ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100205698ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100205698ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100205698ns10:FullAccounts2024-01-012024-12-3100205698ns10:Director22024-01-012024-12-3100205698ns10:Director32024-01-012024-12-3100205698ns10:Director42024-01-012024-12-3100205698ns10:Director52024-01-012024-12-3100205698ns10:Director62024-01-012024-12-3100205698ns10:Director82024-01-012024-12-3100205698ns10:CompanySecretary12024-01-012024-12-3100205698ns10:RegisteredOffice2024-01-012024-12-3100205698ns5:CurrentFinancialInstruments2024-12-3100205698ns5:CurrentFinancialInstruments2023-12-3100205698ns5:RevaluationReserve2024-12-3100205698ns5:RevaluationReserve2023-12-3100205698ns5:RetainedEarningsAccumulatedLosses2024-12-3100205698ns5:RetainedEarningsAccumulatedLosses2023-12-3100205698ns5:LandBuildings2024-01-012024-12-3100205698ns5:PlantMachinery2024-01-012024-12-3100205698ns5:LandBuildings2023-12-3100205698ns5:PlantMachinery2023-12-3100205698ns5:LandBuildings2024-12-3100205698ns5:PlantMachinery2024-12-3100205698ns5:LandBuildings2023-12-3100205698ns5:PlantMachinery2023-12-3100205698ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100205698ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100205698ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 00205698 (England and Wales)















Saltburn(Lune Street)Social
Club,Limited(The)

Unaudited Financial Statements for the Year Ended 31st December 2024






Saltburn(Lune Street)Social
Club,Limited(The) (Registered number: 00205698)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Saltburn(Lune Street)Social
Club,Limited(The)

Company Information
for the Year Ended 31st December 2024







DIRECTORS: N Grainger
C Tann
J Rudd
M Hurn
P M Gallon
J Henderson
P Busby





SECRETARY: L Potter





REGISTERED OFFICE: 16-18 Lune Street
Saltburn-by-the-Sea
CLEVELAND
TS12 1JU





REGISTERED NUMBER: 00205698 (England and Wales)





ACCOUNTANTS: DRAYCOTT & KIRK LLP
Cleveland House
92 Westgate
Guisborough
CLEVELAND
TS14 6AP

Saltburn(Lune Street)Social
Club,Limited(The) (Registered number: 00205698)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 541,165 543,408

CURRENT ASSETS
Stocks 6,497 5,833
Debtors 5 877 827
Cash at bank and in hand 58,315 95,873
65,689 102,533
CREDITORS
Amounts falling due within one year 6 7,528 7,590
NET CURRENT ASSETS 58,161 94,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,326

638,351

PROVISIONS FOR LIABILITIES 135,290 103,740
NET ASSETS 464,036 534,611

RESERVES
Revaluation reserve 7 371,877 403,427
Income and expenditure account 92,159 131,184
464,036 534,611

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 surplus or deficit 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th June 2025 and were signed on its behalf by:





P Busby - Director


Saltburn(Lune Street)Social
Club,Limited(The) (Registered number: 00205698)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Saltburn(Lune Street)Social Club,Limited(The) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

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 Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

Saltburn(Lune Street)Social
Club,Limited(The) (Registered number: 00205698)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st January 2024 525,300 71,960 597,260
Additions - 553 553
At 31st December 2024 525,300 72,513 597,813
DEPRECIATION
At 1st January 2024 - 53,852 53,852
Charge for year - 2,796 2,796
At 31st December 2024 - 56,648 56,648
NET BOOK VALUE
At 31st December 2024 525,300 15,865 541,165
At 31st December 2023 525,300 18,108 543,408

Cost or valuation at 31st December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 525,300 - 525,300
Cost - 72,513 72,513
525,300 72,513 597,813

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 18,133 18,133

Value of land in freehold land and buildings 525,300 525,300

Land and buildings were valued on an open market basis on 20th January 2022 by Rebuild Cost Assessment Ltd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 877 827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 891 378
Taxation and social security 2,216 1,400
Other creditors 4,421 5,812
7,528 7,590

Saltburn(Lune Street)Social
Club,Limited(The) (Registered number: 00205698)

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

7. RESERVES
Revaluation
reserve
£   
At 1st January 2024 403,427
Deferred tax (31,550 )

At 31st December 2024 371,877