REGISTERED NUMBER: 00888348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OAKLEIGH LODGE SOCIAL CLUB LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

769,682

772,264

CURRENT ASSETS

Stocks

5

18,946

20,553

Debtors

6

3,929

3,974

Cash at bank and in hand

9,586

21,212

32,461

45,739

CREDITORS

Amounts falling due within one year

7

78,995

114,817

NET CURRENT LIABILITIES

(46,534

)

(69,078

)

TOTAL ASSETS LESS CURRENT LIABILITIES

723,148

703,186

RESERVES

Income and expenditure account

8

723,148

703,186

MEMBERS' FUNDS

723,148

703,186

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 director acknowledges her 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 surplus or deficit 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 director and authorised for issue on 6 April 2025 and were signed by:

Miss S Wilkinson - Director

1.	STATUTORY INFORMATION

Oakleigh Lodge Social Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00888348

Registered office:

1 Highbury Road

Nottingham

Nottinghamshire

NG6 9DD

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

The company's turnover represents the value, excluding value added tax, of bar takings and other sundry income supplied to United Kingdom customers during the year and is attributable to the principal activity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

No depreciation is provided on freehold property. It is the company's practice to maintain the property in a continual state of sound repair and make improvements thereto from time to time and accordingly the directors consider that the useful economic life of the property is so long and residual value, based on prices prevailing at the time of acquisition or subsequent valuation, is so high that depreciation is insignificant. The directors consider this treatment necessary in order to show a true and fair view. Any diminution in value of the property is charged to the profit and loss account as appropriate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

750,000

40,463

97,161

1,879

889,503

Additions

-

2,984

-

-

2,984

At 31 December 2024

750,000

43,447

97,161

1,879

892,487

DEPRECIATION

At 1 January 2024

-

19,201

96,182

1,856

117,239

Charge for year

-

5,315

245

6

5,566

At 31 December 2024

-

24,516

96,427

1,862

122,805

NET BOOK VALUE

At 31 December 2024

750,000

18,931

734

17

769,682

At 31 December 2023

750,000

21,262

979

23

772,264

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2010

(73,491

)

-

-

-

(73,491

)

Cost

823,491

43,447

97,161

1,879

965,978

750,000

43,447

97,161

1,879

892,487

Freehold property was valued on an open market basis on 2 November 2010 by Robert Ellis & Co. Ltd.

5.

STOCKS

31/12/24

31/12/23

£

£

Stocks

18,946

20,553

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

1,532

1,532

Prepayments

2,397

2,442

3,929

3,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

-

81

Trade creditors

38,303

36,907

Social security and other taxes

26,266

34,546

VAT

4,892

35,015

Other creditors

1,564

68

Accrued expenses

7,970

8,200

78,995

114,817

8.

RESERVES

Income

and

expenditure

account

£

At 1 January 2024

703,186

Surplus for the year

19,962

At 31 December 2024

723,148