Keep The Faith Social Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10257558 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 June 2024

for

Keep The Faith Social Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B S C Gibbs

SECRETARY:

B S C Gibbs

REGISTERED OFFICE:

21 Gold Tops

Newport

NP20 4PG

BUSINESS ADDRESS:

Keep The Faith

13 Duke Street

Cardiff

CF10 1AY

REGISTERED NUMBER:

10257558 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Investments

5

200

CURRENT ASSETS

Debtors

6

35,258

65,235

CREDITORS

Amounts falling due within one year

7

36,431

65,765

NET CURRENT LIABILITIES

(1,173

)

(530

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(973

)

(330

)

RESERVES

Retained earnings

(973

)

(330

)

(973

)

(330

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

B S C Gibbs - Director

1.	STATUTORY INFORMATION

Keep The Faith Social Club Limited is a private company, limited by shares , 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis as the director believes that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 June 2023

and 29 June 2024

200

NET BOOK VALUE

At 29 June 2024

200

At 29 June 2023

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.24

29.6.23

£

Other debtors

35,258

65,235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.24

29.6.23

£

Bank loans and overdrafts

55

Other creditors

36,376

65,710

36,431

65,765

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end the company owed £250 to Keep the Faith Beauty Ltd, a company under common directorship.

The loan is considered to be repayable on demand and no interest is deemed to accrue.

9.	GOING CONCERN

The company is dependent upon the support of the director. The director will not seek payment of the amount owed to him by Keep The Faith Social Club Limited to the detriment of other creditors. Accordingly the director is of the opinion that it is appropriate for the accounts to be prepared on the going concern basis.