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REGISTERED NUMBER: 00024166 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED

THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED (REGISTERED NUMBER: 00024166)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A L Ellis
R N Salter
M B Adams
Mrs L M Gregory
J M Nichols (Chairman)
P D Collins
S S Hatcher


SECRETARY: Miss C A Lane


REGISTERED OFFICE: 193 Parrock Street
Gravesend
Kent
DA12 1EW


REGISTERED NUMBER: 00024166 (England and Wales)


AUDITORS: Carleys
Statutory Auditor
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ


BANKERS: Lloyds Bank plc
78 New Road
Gravesend
Kent
DA11 0AR

THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED (REGISTERED NUMBER: 00024166)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,619 54,644
Investment property 5 341,685 334,000
392,304 388,644

CURRENT ASSETS
Stocks 6,539 9,173
Debtors 6 4,676 1,334
Cash at bank and in hand 79,753 91,338
90,968 101,845
CREDITORS
Amounts falling due within one year 7 30,458 23,059
NET CURRENT ASSETS 60,510 78,786
TOTAL ASSETS LESS CURRENT LIABILITIES 452,814 467,430

PROVISIONS FOR LIABILITIES 62,970 66,418
NET ASSETS 389,844 401,012

CAPITAL AND RESERVES
Called up share capital 8 4,500 4,500
Share premium 3,100 3,100
Fair value reserve 255,240 249,476
Retained earnings 127,004 143,936
SHAREHOLDERS' FUNDS 389,844 401,012

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 20 August 2025 and were signed on its behalf by:




J M Nichols (Chairman) - Director



S S Hatcher - Director


THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED (REGISTERED NUMBER: 00024166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

The Borough of Gravesend Conservative 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.

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 - 2% on cost for buildings only
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 profit or loss on a straight line basis over the period of the lease.

Government grants
Grant income is recognised using the accrual model in the period in which it becomes receivable.

THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED (REGISTERED NUMBER: 00024166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 49,298 141,012 190,310
DEPRECIATION
At 1 January 2024 15,971 119,695 135,666
Charge for year 824 3,201 4,025
At 31 December 2024 16,795 122,896 139,691
NET BOOK VALUE
At 31 December 2024 32,503 18,116 50,619
At 31 December 2023 33,327 21,317 54,644

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 334,000
Revaluations 7,685
At 31 December 2024 341,685
NET BOOK VALUE
At 31 December 2024 341,685
At 31 December 2023 334,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 344,266
Valuation in 2023 (16,000 )
Valuation in 2024 7,685
Cost 5,734
341,685

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,676 1,334

THE BOROUGH OF GRAVESEND CONSERVATIVE
CLUB LIMITED (REGISTERED NUMBER: 00024166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,953 5,832
Taxation and social security 4,941 1,532
Other creditors 20,564 15,695
30,458 23,059

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
36,000 Ordinary 12.5p 4,500 4,500

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Claire Ralph (Senior Statutory Auditor)
for and on behalf of Carleys