Mythop Leisure Club Limited 31/12/2024 iXBRL

Company registration number: 2255630

Mythop Leisure Club Limited

Company limited by guarantee

Unaudited filleted abridged financial statements

31 December 2024

Mythop Leisure Club Limited

Company limited by guarantee

Contents

Abridged statement of financial position

Notes to the financial statements

Mythop Leisure Club Limited

Company limited by guarantee

Abridged statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Current assets
Debtors		-		735
Cash at bank and in hand		112,989		124,420
		_______		_______
		112,989		125,155
Creditors: amounts falling due
within one year		( 53,070)		( 52,196)
		_______		_______
Net current assets			59,919		72,959
			_______		_______
Total assets less current liabilities			59,919		72,959

			_______		_______
Net assets			59,919		72,959
			_______		_______

Capital and reserves
Profit and loss account			59,919		72,959
			_______		_______
Members funds			59,919		72,959
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:

G D Johnson P A Weafer

Chairman Treasurer

Company registration number: 2255630

Mythop Leisure Club Limited

Company limited by guarantee

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by guarantee, registered in England. The address of the registered office is 112-114 Whitegate Drive, Blackpool, FY3 9XH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Operating income and charges

Operating income and charges are shown net of any expenditure paid or income received in relation to that item.

Taxation

The company, being a not for profit organisation, does not pay corporation tax on its operations, other than that relating to interest and other investment income.

Tangible assets

Land and buildingsThe Club owns land behind St Cuthbert's Church in Lytham which incorporates an angling pond. This this land was gifted to the Club by Axa Insurance many years ago so no value is provided on the balance sheet.Office EquipmentIt is the Club's policy to write off the full cost of any computer equipment and peripherals to the profit and loss account in the year of purchase, therefore no value is provided on the balance sheet.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is limited by guarantee and does not have any share capital. In the event of the company being wound up, each member undertakes to contribute to the assets of the club such an amount as may be required, but not exceeding £1.

5. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2024	2023
	£	£
ATOS	-	2,970
	_______	_______

These contributions have been made towards the charge applied by Fylde Coast YMCA to allow Mythop Leisure Club members continued use of the facilities following the sale of land, premises and equipment of the club to Fylde Coast YMCA.The previous secretary, Mr G C Blant, also provided bookkeeping and accounting services to the Club.

6. Controlling party

The ultimate controlling party of the company is the board of directors.