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WEST DERBY BOWLING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 SEPTEMBER 2025
West Derby Bowling Club Limited is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (No. 00368095). The address of the registered office is 3 Hayman's Green, Liverpool L12 7JG.
These financial statements present information about the company as an individual undertaking; it is not a member of a group companies. The principal activity of the company is that of a property holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
No depreciation is provided on the cost of the freehold building or the bowling green as it would be immaterial. Having undertaken an impairment review the directors consider that the property and the bowling green have residual values not less than cost. Freehold land is not depreciated.
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