ACCOUNTS - Final Accounts preparation

Company registration number: 13989026

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	SOUTHWARK COMMUNITY SPORTS GROUND LTD (A Company Limited by Guarantee)


SOUTHWARK COMMUNITY SPORTS GROUND LTD (A Company Limited by Guarantee)

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


SOUTHWARK COMMUNITY SPORTS GROUND LTD (A Company Limited by Guarantee) REGISTERED NUMBER:13989026

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		6,114		3,635
Debtors: amounts falling due within one year	5	33,985		33,985
Cash at bank and in hand		1,229		7,346
		41,328		44,966
Creditors: amounts falling due within one year	6	(3,000)		(4,560)
Net current assets			38,328		40,406
Total assets less current liabilities			38,328		40,406

Net assets			38,328		40,406

Capital and reserves
Profit and loss account	38,328	40,406
	38,328	40,406

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr J Smith

Director

Date: 12 November 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


SOUTHWARK COMMUNITY SPORTS GROUND LTD (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Southwark Community Sports Ground Ltd is a private company limited by guarantee and incorporated in England and Wales. The address of the registered office is disclosed on the company information on page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 2


SOUTHWARK COMMUNITY SPORTS GROUND LTD (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	5	4

4.	Stocks
		2025	2024
		£	£

Raw materials and consumables	6,114	3,635
	6,114	3,635

Page 3


SOUTHWARK COMMUNITY SPORTS GROUND LTD (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	33,985	33,985
	33,985	33,985

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Accruals and deferred income	3,000	4,560
	3,000	4,560

7.	Related party transactions
	The company is a subsidary by control of Southwark Community Sports Trust. The company was owed £33,985 (2024: £33,985) by the charity at the year end. The company has agreed to pay any profits up to the charity.

Page 4