Formby Village Sports Club Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08232030

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		401,393		186,771

			401,393		186,771
CURRENT ASSETS
Stocks	5	1,696		-
Debtors	6	8,883		3,597
Cash at bank and in hand		108,838		76,939

		119,417		80,536
Creditors: Amounts Falling Due Within One Year	7	(11,653 )		(7,892 )

NET CURRENT ASSETS (LIABILITIES)			107,764		72,644

TOTAL ASSETS LESS CURRENT LIABILITIES			509,157		259,415

Creditors: Amounts Falling Due After More Than One Year	8		(231,120 )		(48,620 )

NET ASSETS			278,037		210,795

Income and Expenditure Account			278,037		210,795

MEMBERS' FUNDS			278,037		210,795

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Formby Village Sports Club Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Stan Chaplin Director	Mr David Jones Director
1st April 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Formby Village Sports Club Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 08232030 . The registered office is 5 Victoria Buildings, Victoria Road, Freshfield, Merseyside, L37 7DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	SL over 15 years
Plant & Machinery	25% RB
Padel Court	5% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Padel Court	Total
	£	£	£	£
Cost
As at 1 January 2025	64,946	44,106	115,378	224,430
Additions	12,002	21,508	217,015	250,525

As at 31 December 2025	76,948	65,614	332,393	474,955

...CONTINUED

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Formby Village Sports Club Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	12,994	18,896	5,769	37,659
Provided during the period	5,132	14,151	16,620	35,903

As at 31 December 2025	18,126	33,047	22,389	73,562

Net Book Value
As at 31 December 2025	58,822	32,567	310,004	401,393

As at 1 January 2025	51,952	25,210	109,609	186,771

5. Stocks

	2025	2024
	£	£
Stock	1,696	-

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	8,883	3,597

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	11,653	7,892

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	231,120	48,620

9. 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.

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