Olympic Bowling Club Company,Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00035763 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Olympic Bowling Club Company,Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr Peter Connolly

Mrs Maurine Pauline Dolan

Mr Cyril Killen

Mr James Meadows

Mr Keith Newton

Mr Alan Thomas Reynolds

Mr Peter James Woods

Mr Stephen Philip Young

Mr John Metcalfe

REGISTERED OFFICE:

Park Vale Road

Walton Vale

Walton

Merseyside

L9 2DG

REGISTERED NUMBER:

00035763 (England and Wales)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared, for your approval, the accounts of Olympic Bowling Club Company,Limited for the period set out in these accounts from the company's accounting records and from information and explanations you have given to us.

This report is prepared solely to the Board of Directors of Olympic Bowling Club Company,Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Olympic Bowling Club Company,Limited and state those matters that we have agreed to state to the Board of Directors of Olympic Bowling Club Company,Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olympic Bowling Club Company,Limited and its Board of Directors, as a body, for our work for this report.

It is your duty to ensure that Olympic Bowling Club Company,Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Olympic Bowling Club Company,Limited. You consider that Olympic Bowling Club Company,Limited is exempt from the statutory audit requirements for the period of these accounts.

We have not been instructed to carry out an audit or a review of the accounts of Olympic Bowling Club Company,Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

10 June 2025

FIXED ASSETS

Tangible assets

4

60,114

62,235

CURRENT ASSETS

Stocks

2,737

2,944

Debtors

5

520

1,771

Cash at bank and in hand

22,192

35,983

25,449

40,698

CREDITORS

Amounts falling due within one year

6

5,779

6,898

NET CURRENT ASSETS

19,670

33,800

TOTAL ASSETS LESS CURRENT
LIABILITIES

79,784

96,035

CAPITAL AND RESERVES

Called up share capital

1,200

Retained earnings

78,584

94,835

79,784

96,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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 10 June 2025 and were signed on its behalf by:

Mr Peter Connolly - Director

1.	STATUTORY INFORMATION

Olympic Bowling Club Company,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.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 January 2024

and 31 December 2024

102,738

101,385

204,123

DEPRECIATION

At 1 January 2024

41,924

99,964

141,888

Charge for year

1,836

285

2,121

At 31 December 2024

43,760

100,249

144,009

NET BOOK VALUE

At 31 December 2024

58,978

1,136

60,114

At 31 December 2023

60,814

1,421

62,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

328

1,771

Other debtors

192

-

520

1,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

3,144

5,161

Taxation and social security

2,353

1,689

Other creditors

282

48

5,779

6,898