Acorah Software Products - Accounts Production 16.4.660 false true 31 August 2023 5 May 2022 false 1 September 2023 31 August 2024 31 August 2024 14088264 Mr Andrew Bridgman Mr Ian Brown Mr Timothy Holmes Ms Suzanne Morton Mr Jonathan Sheard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14088264 2023-08-31 14088264 2024-08-31 14088264 2023-09-01 2024-08-31 14088264 frs-core:Non-currentFinancialInstruments 2024-08-31 14088264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 14088264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14088264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 14088264 frs-core:PlantMachinery 2024-08-31 14088264 frs-core:PlantMachinery 2023-09-01 2024-08-31 14088264 frs-core:PlantMachinery 2023-08-31 14088264 frs-core:RevaluationReserve 2023-08-31 14088264 frs-core:RevaluationReserve 2024-08-31 14088264 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14088264 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 14088264 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14088264 frs-bus:SmallEntities 2023-09-01 2024-08-31 14088264 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14088264 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14088264 frs-bus:Director1 2023-09-01 2024-08-31 14088264 frs-bus:Director2 2023-09-01 2024-08-31 14088264 frs-bus:Director3 2023-09-01 2024-08-31 14088264 frs-bus:Director4 2023-09-01 2024-08-31 14088264 frs-bus:Director5 2023-09-01 2024-08-31 14088264 frs-core:Non-currentFinancialInstruments 1 2024-08-31 14088264 frs-core:Non-currentFinancialInstruments 2 2024-08-31 14088264 frs-countries:EnglandWales 2023-09-01 2024-08-31 14088264 2022-05-04 14088264 2023-08-31 14088264 2022-05-05 2023-08-31 14088264 frs-core:Non-currentFinancialInstruments 2023-08-31 14088264 frs-core:RevaluationReserve 2023-08-31 14088264 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 14088264 frs-core:Non-currentFinancialInstruments 1 2023-08-31 14088264 frs-core:Non-currentFinancialInstruments 2 2023-08-31
Registered number: 14088264
Grove Park Sports Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14088264
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 850,828 667,444
850,828 667,444
CURRENT ASSETS
Stocks 5 9,150 10,985
Debtors 42,219 14,574
Cash at bank and in hand 157,393 278,363
208,762 303,922
Creditors: Amounts Falling Due Within One Year (334,030 ) (293,056 )
NET CURRENT ASSETS (LIABILITIES) (125,268 ) 10,866
TOTAL ASSETS LESS CURRENT LIABILITIES 725,560 678,310
Creditors: Amounts Falling Due After More Than One Year 6 (424,402 ) (414,025 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (9,303 ) (548 )
NET ASSETS 291,855 263,737
RESERVES
Revaluation reserve 8 152,161 152,161
Income and Expenditure Account 139,694 111,576
MEMBERS' FUNDS 291,855 263,737
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Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Andrew Bridgman
Director
Mr Ian Brown
Director
25/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grove Park Sports Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 14088264 . The registered office is Grove Park, Grove Lane, Cheadle Hulme, Cheshire, SK8 7NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Buildings are not currently depreciated as residual value is considered to be not less than cost.
Plant & Machinery 20% straight line per annum.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees during the pperiod was: 12 (2023: 7)
12 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 September 2023 648,902 26,558 675,460
Additions 118,333 76,199 194,532
As at 31 August 2024 767,235 102,757 869,992
Depreciation
As at 1 September 2023 - 8,016 8,016
Provided during the period - 11,148 11,148
As at 31 August 2024 - 19,164 19,164
Net Book Value
As at 31 August 2024 767,235 83,593 850,828
As at 1 September 2023 648,902 18,542 667,444
Cost or valuation as at 31 August 2024 represented by:
Land & Property
Freehold Plant & Machinery Total
£ £ £
At cost 767,235 102,757 869,992
767,235 102,757 869,992
include the cost or valuation arising from the transfer of assets as at 31st August 2022 of the following amounts:
Freehold Land & Property £648,902
Plant & Machinery             £9,203.
5. Stocks
31 August 2024 31 August 2023
£ £
Stock 9,150 10,985
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Page 5
6. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Members loans 26,000 26,000
Other loan 100,000 100,000
Members loans - Capital Raising Scheme 298,402 288,025
424,402 414,025
The other loan above of £100,000 is a non-repayable event loan and carries no interest. The trigger event being if the assets of the company were sold, the loan would become repayable and carry a retrospective commercial interest rate.
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 August 2024 31 August 2023
£ £
Other timing differences 9,303 548
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 152,161
As at 31 August 2024 152,161
The reserves and surpluses of the company would  be distributed to sports club's or other organisations carrying on similar sporting activities in the event of the company being wound up.
9. 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.
10. Transfer of Assets and Liabilities.
On the 31st August 2022,  Machester Football Club and Cheadle Hulme Cricket Club, an unicorporated members association, transferred all of its assets and liabilities to the company in a reorganisation scheme.
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