The Falcon Bowling and Social Club (Chelmsford) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00790086

The Falcon Bowling and Social Club (Chelmsford) Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 March 2026

The Falcon Bowling and Social Club (Chelmsford) Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6	2,310,870	2,289,443
Investments	7	1	–
		------------	------------
		2,310,871	2,289,443

Current assets

Stocks		13,228	13,469
Debtors	8	12,280	17,269
Cash at bank and in hand		2,907	2,033
		--------	--------
		28,415	32,771

Creditors: amounts falling due within one year	9	170,296		131,226
		---------		---------
Net current liabilities			141,881		98,455
			------------		------------
Total assets less current liabilities			2,168,990		2,190,988

Creditors: amounts falling due after more than one year	10	16,046	21,054
		------------	------------
Net assets		2,152,944	2,169,934
		------------	------------

Capital and reserves

Profit and loss account	2,152,944	2,169,934
	------------	------------
Members funds	2,152,944	2,169,934
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Falcon Bowling and Social Club (Chelmsford) Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

I Moore	K G Wood
Director	Director

Company registration number: 00790086

The Falcon Bowling and Social Club (Chelmsford) Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Channels Drive, Chelmsford, Essex, CM3 3FB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Buildings 0% p.a on cost, Carpet 6.67% p.a on cost
Fixtures and Fittings	-	8% - 33.3% p.a on cost

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Company limited by guarantee

The company does not have a share capital with its members acting as guarantors rather than shareholders. The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its winding up.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2025: 22 ).

6. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025	2,194,176	438,156	2,632,332
Additions	–	45,023	45,023
Disposals	–	( 38,174)	( 38,174)
	------------	---------	------------
At 31 March 2026	2,194,176	445,005	2,639,181
	------------	---------	------------
Depreciation
At 1 April 2025	7,650	335,239	342,889
Charge for the year	2,700	18,088	20,788
Disposals	–	( 35,366)	( 35,366)
	------------	---------	------------
At 31 March 2026	10,350	317,961	328,311
	------------	---------	------------
Carrying amount
At 31 March 2026	2,183,826	127,044	2,310,870
	------------	---------	------------
At 31 March 2025	2,186,526	102,917	2,289,443
	------------	---------	------------

The directors ensure that the building is regularly maintained and kept to a high standard and therefore believe that the market value exceeds the carrying value.

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025	–
Additions	1
	----
At 31 March 2026	1
	----
Impairment
At 1 April 2025 and 31 March 2026	–
	----

Carrying amount
At 31 March 2026	1
	----
At 31 March 2025	–
	----

8. Debtors

	2026	2025
	£	£
Prepayments and accrued income	9,180	2,202
Other debtors	3,100	15,067
	--------	--------
	12,280	17,269
	--------	--------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	36,583	12,664
Trade creditors	3,992	3,658
Amounts owed to group undertakings	778	–
Accruals and deferred income	51,782	43,901
Social security and other taxes	1,137	2,011
Other creditors	76,024	68,992
	---------	---------
	170,296	131,226
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	16,046	21,054
	--------	--------

The bank loans are secured on the fixed assets of the company.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	1,787	3,887
Later than 1 year and not later than 5 years	–	1,788
	-------	-------
	1,787	5,675
	-------	-------

12. Related party transactions

At the balance sheet date the company owed the directors £54,589 (2025: £51,927) in the form of a loan account, which is shown amongst other creditors. Interest was charged at 5%, resulting in a cost of £2,662 (2025: £1,927). The directors of the company are also members of the club and pay subscriptions on an annual basis. They therefore benefit from all the facilities of the club on the same basis as the other members. The company has taken advantage of the exception granted under FRS 102 section 33.1A not to disclose transactions with wholly owned subsidiaries within the group.