37 Sports & Social Club Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

37 Sports & Social Club Limited

(Registration number: 06060325)
Statement of Financial Position as at 30 April 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	-	3,640
Current assets
Stocks		-	7,537
Debtors	5	2,898	1,536
Cash at bank and in hand		31,274	102,662
		34,172	111,735
Creditors: Amounts falling due within one year	6	(14,726)	(28,670)
Net current assets		19,446	83,065
Net assets		19,446	86,705
Reserves
Profit and loss account		19,446	86,705
Surplus		19,446	86,705

For the financial period ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 2 July 2026
 

P Bamber Director

37 Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 April 2026

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
1 West Approach Road
Puriton
Bridgwater
Somerset
TA7 8AD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Disclosure of long or short period

The financial statements have been prepared for the extended period ended 30 April 2026 following the cessation of the company's trade and in anticipation of the company's proposed voluntary strike-off. As a result of the extension of the accounting period, these financial statements cover a period of more than twelve months. Accordingly, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable, as they relate to the previous twelve-month accounting period.

37 Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 April 2026 (continued)

2	Accounting policies (continued)

Cessation of trade

The Club ceased trading on 28 March 2026. Once all debtors and creditors are cleared the remaining reserves will be donated to charity in line with the Club's constitution.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 value added tax, returns, rebates and discounts.

Tax

The taxation expense represents the current tax recognised in the reporting period. The Club is only subject to taxation on its investment 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Property improvements	10% straight line
Plant and machinery	20% to 33.3% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

37 Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 April 2026 (continued)

2	Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 13 (2024 - 13).

37 Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 April 2026 (continued)

4	Tangible assets

	Property improvements £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	30,553	70,530	101,083
Additions	-	2,345	2,345
Disposals	(30,553)	(72,875)	(103,428)
At 30 April 2026	-	-	-
Depreciation
At 1 January 2025	28,178	69,265	97,443
Eliminated on disposal	(28,178)	(69,265)	(97,443)
At 30 April 2026	-	-	-
Carrying amount
At 30 April 2026	-	-	-
At 31 December 2024	2,375	1,265	3,640

5

Debtors

	2026 £	2024 £
Trade debtors	1,710	140
Other debtors	1,188	1,396
	2,898	1,536

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2024 £
Due within one year
Trade creditors	229	12,412
Taxation and social security	10,373	11,397
Accruals and deferred income	4,124	4,861
	14,726	28,670