ACCOUNTS - Final Accounts preparation

Creditors: amounts falling due within one year

31 January 2026

31 March 2025

Registered number: 15537998

Chipchase Sporting Club Limited

(A company limited by guarantee)

Financial statements

Information for filing with the registrar

31 January 2026


Chipchase Sporting Club Limited (A company limited by guarantee)

Balance sheet

At 31 January 2026

	31 January	31 March
	31 January 2026	31 March 2025
Note	£	£


Current assets
Cash at bank and in hand		5,577		23,452
		5,577		23,452
Creditors: amounts falling due within one year	4	(37,934)		(34,731)
Net current liabilities			(32,357)		(11,279)
Total assets less current liabilities			(32,357)		(11,279)

Net liabilities			(32,357)		(11,279)

Capital and reserves
Profit and loss account	(32,357)	(11,279)
Members' deficit	(32,357)	(11,279)


Chipchase Sporting Club Limited (A company limited by guarantee)

Balance sheet (continued)

At 31 January 2026

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 October 2026.

J R Elkington

Director

Company registered number: 15537998

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


Chipchase Sporting Club Limited (A company limited by guarantee)

Notes to the financial statements

Period ended 31 January 2026

1.	General information

Chipchase Sporting Club Limited ('the company') is a private company limited by guarantee, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Accounting policies

2.1

Statement of compliance

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

At the balance sheet date the company had excess liabilities over assets. The directors have made due and careful enquiry, and have agreed to waive monies owed to them in favour of other creditors, and therefore consider that the company has adequate working capital to execute its operations over the next 12 months. As a result the directors consider it appropriate to prepare the accounts on a going concern basis.

2.3

Revenue

Revenue is recognised on the accruals basis, and is determined by the date that the event takes place.

2.4

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	Employees
	The average monthly number of employees, excluding directors who did not receive any remuneration, during the period was 1.


Chipchase Sporting Club Limited (A company limited by guarantee)

Notes to the financial statements

Period ended 31 January 2026

Trade creditors	-	106
Other creditors	34,300	15,000
Accruals and deferred income	3,634	19,625
	37,934	34,731


5.	Company status

The company is a private company limited by guarantee 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.

6.	Related party transactions
	At the balance sheet date, the company owed £34,300 (2025: £15,000) to a director. The loan is interest free, unsecured, and repayable on demand.