ACCOUNTS - Final Accounts preparation

Company registration number: 04216415

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

COMPANY INFORMATION

Directors	K A Streeter
	R Harrison
	S Kersey (appointed 10 January 2024)


Company secretary	B R Burt


Registered number	04216415


Registered office	Six Hills Way
	Stevenage
	Hertfordshire
	SG1 2DA


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

CONTENTS

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


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER:04216415

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		4,962		7,552
			4,962		7,552
Current assets
Debtors: amounts falling due within one year	6	4,476		5,541
Bank and cash balances		108,871		115,570
		113,347		121,111
Creditors: amounts falling due within one year	7	(9,420)		(8,241)
Net current assets			103,927		112,870
Total assets less current liabilities			108,889		120,422

Net assets			108,889		120,422

Capital and reserves
Profit and loss account	108,889	120,422
	108,889	120,422

Page 1


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER:04216415

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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:

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

R Harrison

Director

Date: 12 December 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

MBDA UK Sports and Social Club (Stevenage) Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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 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:

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:

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.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over its estimated useful life of five years.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

50%

on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

4.	Intangible assets

		Computer software
		£
	Cost
	At 1 January 2024	12,948
	At 31 December 2024	12,948
	Amortisation
	At 1 January 2024	5,396
	Charge for the year on owned assets	2,590
	At 31 December 2024	7,986
	Net book value
	At 31 December 2024	4,962
	At 31 December 2023	7,552

Page 5


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	5,906	950	6,856
At 31 December 2024	5,906	950	6,856
Depreciation
At 1 January 2024	5,906	950	6,856
At 31 December 2024	5,906	950	6,856
Net book value
At 31 December 2024	-	-	-
At 31 December 2023	-	-	-

Debtors

					2024	2023
					£	£


Other debtors	4,476	4,090
Prepayments and accrued income	-	1,451
	4,476	5,541

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	-	293
Other creditors	2,100	2,100
Accruals and deferred income	7,320	5,848
	9,420	8,241

Page 6


MBDA UK SPORTS AND SOCIAL CLUB LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


8.	Company limited by guarantee

The company is a company limited by guarantee and the maximum liability of each member is limited to £1.

Page 7