Company Registration No. 02675347 (England and Wales)
Cranford Sports Club Limited
Unaudited accounts
for the year ended 31 March 2025
Cranford Sports Club Limited
Unaudited accounts
Contents
Cranford Sports Club Limited
Company Information
for the year ended 31 March 2025
Directors
Jill Anderson
Louise Griffin
Mary Knight
Graham Howells
Michael Morley
Company Number
02675347 (England and Wales)
Registered Office
42 Salterton Road
Exmouth
Devon
EX8 2EQ
England
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Cranford Sports Club Limited
Statement of financial position
as at 31 March 2025
Tangible assets
993,516
1,027,159
Cash at bank and in hand
18,663
73,131
Creditors: amounts falling due within one year
(531,748)
(488,597)
Net current liabilities
(510,375)
(408,847)
Total assets less current liabilities
483,141
618,312
Creditors: amounts falling due after more than one year
(8,158)
(24,758)
Net assets
474,983
593,554
Profit and loss account
474,983
593,554
Members' funds
474,983
593,554
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Jill Anderson
Director
Company Registration No. 02675347
Cranford Sports Club Limited
Notes to the Accounts
for the year ended 31 March 2025
Cranford Sports Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 02675347. The registered office is 42 Salterton Road, Exmouth, Devon, EX8 2EQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Cranford Sports Club Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,424,327
270,616
279,091
1,974,034
At 31 March 2025
1,424,327
270,616
279,091
1,974,034
At 1 April 2024
413,466
263,758
269,651
946,875
Charge for the year
25,807
3,095
4,741
33,643
At 31 March 2025
439,273
266,853
274,392
980,518
At 31 March 2025
985,054
3,763
4,699
993,516
At 31 March 2024
1,010,861
6,858
9,440
1,027,159
Amounts falling due within one year
Accrued income and prepayments
-
321
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,600
16,600
Trade creditors
7,400
9,656
Taxes and social security
1,394
1,968
Other creditors
443,747
419,750
Loans from directors
6,784
1,784
Deferred income
39,272
21,784
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
8,158
24,758
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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.
Cranford Sports Club Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Transactions with related parties
On 5 June 2024, £5,000 was loaned to the Company by one of the Directors. Interest is not charged on this amount and there is no fixed date for repayment.
Included within creditors is an amount of £6,784 (2024: £1,784) which is an amount owed by the Company to one of the Directors. Interest is not charged on this amount and there is no fixed date for repayment.
10
Post balance sheet events
The Company entered into an agreement for the sale of land owned by the Company during the period ended 31 March 2023, to a Developer, contingent on successfully obtaining planning permission for developing this land. Under the terms of the sale agreement with the Developer, a commercial loan was made by the Developer to the Company for £60,000 in January 2023. This was further extended to £410,000 in September 2023 on exchange of contract for sale of the land. The majority of this amount was used to repay legacy loans to the bank, taken out in 2000. This was extended to £465,000 in April 2025. Under the terms of this loan agreement, the loan plus accrued interest is repayable if planning permission is not obtained and the sale transaction is not completed. If the sale transaction does complete, the balance of any loan plus accrued interest will be repayable by way of offset against sale proceeds paid by the Developer for the land. A planning application has been submitted and is in the early stages of local authority consideration. As at the date of signing these statutory financial statements, planning permission has not been obtained and the sale of land transaction has not completed. At 31 March 2025, the Company held £11,400 of the total loan balance in a savings account (2024: £60,000).
During August 2025, the Company sought proposals from local professional sport and leisure providers to partner with the Company by providing commercial, managerial and operational support. This decision was driven by a desire to ensure the ongoing financial viability of the Company. An independent panel of members considered all proposals and recommended LED Community Leisure for detailed consideration by all members. Members were subsequently asked to vote on this proposal with the outcome of this vote being 'in favour'. The Company is currently working on a 'Heads of Terms' agreement with LED Community Leisure, which the Directors expect to be finalised in December 2025.
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Average number of employees
During the year the average number of employees was 17 (2024: 16).