31/05/2019
2019-05-31
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No description of principal activities is disclosed
2018-06-01
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
03060560
2018-06-01
2019-05-31
03060560
2019-05-31
03060560
2018-05-31
03060560
2017-06-01
2018-05-31
03060560
2018-05-31
03060560
core:LandBuildings
core:OwnedOrFreeholdAssets
2018-06-01
2019-05-31
03060560
core:LandBuildings
core:ShortLeaseholdAssets
2018-06-01
2019-05-31
03060560
core:PlantMachinery
2018-06-01
2019-05-31
03060560
core:FurnitureFittingsToolsEquipment
2018-06-01
2019-05-31
03060560
bus:Director2
2018-06-01
2019-05-31
03060560
bus:Director1
2018-06-01
2019-05-31
03060560
core:LandBuildings
core:OwnedOrFreeholdAssets
2018-05-31
03060560
core:LandBuildings
core:ShortLeaseholdAssets
2018-05-31
03060560
core:PlantMachinery
2018-05-31
03060560
core:FurnitureFittingsToolsEquipment
2018-05-31
03060560
core:LandBuildings
core:OwnedOrFreeholdAssets
2019-05-31
03060560
core:LandBuildings
core:ShortLeaseholdAssets
2019-05-31
03060560
core:PlantMachinery
2019-05-31
03060560
core:FurnitureFittingsToolsEquipment
2019-05-31
03060560
core:AfterOneYear
2019-05-31
03060560
core:AfterOneYear
2018-05-31
03060560
core:WithinOneYear
2019-05-31
03060560
core:WithinOneYear
2018-05-31
03060560
core:ShareCapital
2019-05-31
03060560
core:ShareCapital
2018-05-31
03060560
core:RetainedEarningsAccumulatedLosses
2019-05-31
03060560
core:RetainedEarningsAccumulatedLosses
2018-05-31
03060560
core:LandBuildings
core:OwnedOrFreeholdAssets
2018-05-31
03060560
core:LandBuildings
core:ShortLeaseholdAssets
2018-05-31
03060560
core:PlantMachinery
2018-05-31
03060560
core:FurnitureFittingsToolsEquipment
2018-05-31
03060560
bus:Director1
2018-05-31
03060560
bus:Director1
2017-05-31
03060560
bus:Director1
2018-05-31
03060560
bus:Director1
2017-06-01
2018-05-31
03060560
bus:SmallEntities
2018-06-01
2019-05-31
03060560
bus:AuditExempt-NoAccountantsReport
2018-06-01
2019-05-31
03060560
bus:FullAccounts
2018-06-01
2019-05-31
03060560
bus:SmallCompaniesRegimeForAccounts
2018-06-01
2019-05-31
03060560
bus:PrivateLimitedCompanyLtd
2018-06-01
2019-05-31
03060560
1
2018-06-01
2019-05-31
Company registration number:
03060560
Bromley FC (95) Ltd
Unaudited filleted financial statements
31 May 2019
Bromley FC (95) Ltd
Contents
Statement of financial position
Notes to the financial statements
Bromley FC (95) Ltd
Statement of financial position
31 May 2019
|
|
|
2019
|
|
|
|
2018
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
1,318,042
|
|
|
|
1,344,344
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
1,318,042
|
|
|
|
1,344,344
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Stocks
|
|
|
19,752
|
|
|
|
25,000
|
|
|
Debtors
|
|
6
|
58,500
|
|
|
|
210,502
|
|
|
Cash at bank and in hand
|
|
|
53,479
|
|
|
|
20,421
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
131,731
|
|
|
|
255,923
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
449,306)
|
|
|
|
(
450,540)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
317,575)
|
|
|
|
(
194,617)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
1,000,467
|
|
|
|
1,149,727
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
8
|
|
|
(
3,078,411)
|
|
|
|
(
2,982,629)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net liabilities
|
|
|
|
|
(
2,077,944)
|
|
|
|
(
1,832,902)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
10,000
|
|
|
|
10,000
|
Profit and loss account
|
|
|
|
|
(
2,087,944)
|
|
|
|
(
1,842,902)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders deficit
|
|
|
|
|
(
2,077,944)
|
|
|
|
(
1,832,902)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 May 2019 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.
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 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.
These financial statements were approved by the
board of directors
and authorised for issue on
26 February 2020
, and are signed on behalf of the board by:
Mr R J Stanton-Gleaves
Director
Company registration number:
03060560
Bromley FC (95) Ltd
Notes to the financial statements
Year ended 31 May 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Going concern
As 31 May 2019 the company had an excess of liabilities over assets totalling £2,075,944. The company is dependant on the future financial support of its bankers, directors and other loan creditors. On the basis that this support is forth coming the directors also consider it appropriate for the financial statements to be prepared on a going concern basis.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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
|
-
|
10 %
|
straight line
|
|
Short leasehold property
|
-
|
2 %
|
straight line
|
|
Plant and machinery
|
-
|
25 %
|
straight line
|
|
Fittings fixtures and equipment
|
-
|
25 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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 stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a 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.
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
43
(2018:
23
).
5.
Tangible assets
|
|
Freehold property
|
Short leasehold property
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Total
|
|
|
|
|
£
|
£
|
£
|
£
|
£
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 June 2018
|
479,992
|
1,098,390
|
94,067
|
164,799
|
1,837,248
|
|
|
|
Additions
|
-
|
30,487
|
587
|
6,465
|
37,539
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
At 31 May 2019
|
479,992
|
1,128,877
|
94,654
|
171,264
|
1,874,787
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 June 2018
|
26,000
|
240,074
|
71,603
|
155,227
|
492,904
|
|
|
|
Charge for the year
|
23,999
|
22,419
|
11,220
|
6,203
|
63,841
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
At 31 May 2019
|
49,999
|
262,493
|
82,823
|
161,430
|
556,745
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 May 2019
|
429,993
|
866,384
|
11,831
|
9,834
|
1,318,042
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
At 31 May 2018
|
453,992
|
858,316
|
22,464
|
9,572
|
1,344,344
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
32,965
|
112,949
|
|
Other debtors
|
|
25,535
|
97,553
|
|
|
|
_______
|
_______
|
|
|
|
58,500
|
210,502
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
73,623
|
67,143
|
|
Trade creditors
|
|
152,941
|
215,628
|
|
Social security and other taxes
|
|
88,368
|
47,345
|
|
Other creditors
|
|
134,374
|
120,424
|
|
|
|
_______
|
_______
|
|
|
|
449,306
|
450,540
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The debenture of £Nil (2016 - £9,350), in favour of National Westminster Bank plc, is charged upon the assets of the company.
8.
Creditors: amounts falling due after more than one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
|
1,647,768
|
1,794,768
|
|
Other creditors
|
|
1,430,643
|
1,187,861
|
|
|
|
_______
|
_______
|
|
|
|
3,078,411
|
2,982,629
|
|
|
|
_______
|
_______
|
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Mr J V Dolke
|
(
7,910)
|
7,910
|
-
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Mr J V Dolke
|
(
18,965)
|
11,055
|
(
7,910)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
10.
Ultimate parent undertaking
The company's ultimate holding company is BFCH Limited.