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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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BRANDHALL LABOUR CLUB LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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FOR |
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BRANDHALL LABOUR CLUB LIMITED |
BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BRANDHALL LABOUR CLUB LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 November 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Statutory Auditors |
Logistics House |
1325a Stratford Road |
Hall Green |
Birmingham |
B28 9HH |
BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
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BALANCE SHEET |
30 November 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Prepayments and accrued income |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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Brandhall Labour Club Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
The club's turnover represents the value, excluding value added tax, of bar goods and catering sold during the |
year. |
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Tangible fixed assets |
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Freehold property | - |
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Property improvements | - |
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Smoking shelter | - |
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Car park extension | - |
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Snooker room improvements | - |
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Fixtures and fittings | - |
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No depreciation has been provided in respect of the freehold property and the car park extension as the directors |
are of the opinion that their residual value is at least equal to the net book value shown in the accounts. As a |
result the corresponding depreciation would not be material and therefore it is not charged in the profit and loss |
account. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value by an independent stocktaker. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Freehold | Property | Smoking |
property | improvements | shelter |
£ | £ | £ |
COST |
At 1 December 2017 |
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At 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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Snooker | Fixtures |
Car park | room | and |
extension | improvements | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2017 |
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Additions |
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At 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
Within one year |
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Between one and five years |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | GOING CONCERN |
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The accounts have been prepared on a going concern basis. The directors are committed to continue support the |
working capital requirements of the club for a period of at least 12 months from the date of approval of these |
financial statements. |