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Registration number: 05210938

Sevenoaks IBC Limited Unaudited Financial Statements for the Year Ended 30 September 2025
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Sevenoaks IBC Limited

Statement of Financial Position as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 256,661 | 98,397
Current assets |  |  |
Stocks | 6 | 3,379 | 2,620
Debtors | 7 | 9,376 | 10,012
Cash at bank and in hand |  | 96,892 | 95,064
|  | 109,647 | 107,696
Creditors: Amounts falling due within one year | 8 | (37,446) | (66,368)
Net current assets |  | 72,201 | 41,328
Total assets less current liabilities |  | 328,862 | 139,725
Creditors: Amounts falling due after more than one year | 8 | (134,661) | (6,200)
Net assets |  | 194,201 | 133,525
Reserves |  |  |
Retained earnings |  | 194,201 | 133,525

For the financial year ending 30 September 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Sevenoaks IBC Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 20 March 2026 and signed on its behalf by:

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

Mrs C Freshwater

Director

Company registration number: 05210938

Sevenoaks IBC Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Hollybush Close
Sevenoaks
Kent
TN13 3UX

The principal activity of the company is that of an indoor flat green bowls club.

2 | Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The club had net assets at 30 September 2025 of £194,201, including cash at bank of £96,892.
The club continues to have a loyal membership within the local area, and with the resources that the club has, it is well positioned to meet its financial obligations for the next 12 months following the approval of the financial statements.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the club has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

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 sales/value added tax, returns, rebates and discounts.
The company recognises turnover from subscriptions evenly over the period to which the membership relates. Turnover from the use of the rink, shop, catering sales and other similar income is recognised on the date of sale.

Sevenoaks IBC Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Other grants

Grants received are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute. Where a grant is made as a contribution towards a fixed asset the amount of the grant received is recognised over the useful economic life of the asset.

Donations

Donations are recognised upon contractual entitlement when legally due, which is usually upon receipt of funds. Donations are recognised within other operating income.

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, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Bowling and office fittings & equipment | 10% - 25% straight line
Kitchen equipment | 20% straight line
Leasehold improvements | Straight line over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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.

3 | Staff numbers

The average number of persons employed by the company during the year was 3 (2024 - 0).

Sevenoaks IBC Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

4 | Other operating income

The analysis of the company's other operating income for the year is as follows:

| 2025 £ | 2024 £
Grants | 8,812 | 3,500
Voluntary donations | 22,157 | 9,947
| 30,969 | 13,447

5 | Tangible assets

| Leasehold improvements £ | Bowling and office fittings & equipment £ | Kitchen equipment £ | Total £
Cost or valuation
At 1 October 2024 | - | 205,384 | 7,175 | 212,559
Additions | 173,336 | 1,338 | - | 174,674
Transfers | 80,784 | (80,784) | - | -
At 30 September 2025 | 254,120 | 125,938 | 7,175 | 387,233
Depreciation
At 1 October 2024 | - | 109,697 | 4,465 | 114,162
Charge for the year | 10,165 | 5,183 | 1,062 | 16,410
At 30 September 2025 | 10,165 | 114,880 | 5,527 | 130,572
Carrying amount
At 30 September 2025 | 243,955 | 11,058 | 1,648 | 256,661
At 30 September 2024 | - | 95,687 | 2,710 | 98,397

6 | Stocks

| 2025 £ | 2024 £
Stock | 3,379 | 2,620

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 9,376 | 10,012

Sevenoaks IBC Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Accruals and deferred income | 37,446 | 66,368

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Accruals and deferred income | 134,661 | 6,200

9 | Commitments under operating leases

The total of future minimum lease payments not reflected in the statement of financial position amounts to £524,333 (2024 - £546,333).