Clifton Antiquarian Club

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05965461

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		250		250

			250		250
CURRENT ASSETS
Stocks	5	397		397
Debtors	6	214		352
Cash at bank and in hand		3,206		3,412

		3,817		4,161
Creditors: Amounts Falling Due Within One Year	7	(2,735 )		(2,734 )

NET CURRENT ASSETS (LIABILITIES)			1,082		1,427

TOTAL ASSETS LESS CURRENT LIABILITIES			1,332		1,677

NET ASSETS			1,332		1,677

Income and Expenditure Account			1,332		1,677

MEMBERS' FUNDS			1,332		1,677

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Jonathan Swann

Director

30/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Clifton Antiquarian Club is a private company, limited by guarantee, incorporated in England & Wales, registered number 05965461 . The registered office is 9 Kewstoke Road, Bristol, BS9 1HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Clifton Antiquarian Club

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	250

As at 31 December 2024	250

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	250

As at 1 January 2024	250

5. Stocks

	2024	2023
	£	£
Stock	397	397

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	214	352

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
Other creditors	2,734	2,734

	2,735	2,734

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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