The Ritz Social Club Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

The Ritz Social Club Limited

(Registration number: 06721404)
Statement of Financial Position as at 31 January 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	251,410	206,036
Current assets
Stocks	5	11,518	9,172
Debtors	6	8,990	8,544
Cash at bank and in hand		30,448	148,788
		50,956	166,504
Creditors: Amounts falling due within one year	7	(25,121)	(26,756)
Net current assets		25,835	139,748
Total assets less current liabilities		277,245	345,784
Provisions for liabilities		(16,374)	(6,968)
Net assets		260,871	338,816
Reserves
Profit and loss account		260,871	338,816
Surplus		260,871	338,816

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 5 November 2025 and signed on its behalf by:
 

The Ritz Social Club Limited

(Registration number: 06721404)
Statement of Financial Position as at 31 January 2025 (continued)

M Barsby Director

R Brown Director

The Ritz Social Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office and trading address is:
24 Victoria Street
Burnham on Sea
Somerset
TA8 1AN

Principal activity

The principal activity of the company is the management of the Ritz Social Club.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

The Ritz Social Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Prior period errors

The comparative figures in the accounts have been restated to better reflect the fixed asset position of the company, and in particular the Freehold Property. The comparatives have been restated to include the effect of depreciation on the company;'s freehold property in the period 2016 to 2024, with the result that accumulated deprecation of £37,177 has been included with a similar adjustment to the retained earnings. In addition, a depreciation charge of £4,131 has been included in the comparative figures.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Page 4

The Ritz Social Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	15% reducing balance
Land and buildings	2% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

The Ritz Social Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 14).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 February 2024	206,541	104,170	2,095	312,806
Additions	56,230	5,676	-	61,906
Disposals	-	(11,357)	-	(11,357)
At 31 January 2025	262,771	98,489	2,095	363,355
Depreciation
At 1 February 2024	37,177	68,043	1,550	106,770
Charge for the year	5,256	5,259	136	10,651
Eliminated on disposal	-	(5,476)	-	(5,476)
At 31 January 2025	42,433	67,826	1,686	111,945
Carrying amount
At 31 January 2025	220,338	30,663	409	251,410
At 31 January 2024	169,364	36,127	545	206,036

The Ritz Social Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

5

Stocks

	2025 £	2024 £
Bar and food stock	11,518	9,172

6

Debtors

	2025 £	2024 £
Other debtors	4,484	4,485
Prepayments	4,506	4,059
	8,990	8,544

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	7,676	8,807
Taxation and social security	9,965	11,793
Accruals and deferred income	5,354	4,340
Other creditors	2,126	1,816
	25,121	26,756

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.