4
31/03/2023
2023-03-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2022-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
07670417
2022-04-01
2023-03-31
07670417
2023-03-31
07670417
2022-03-31
07670417
2021-04-01
2022-03-31
07670417
2022-03-31
07670417
core:LandBuildings
core:LongLeaseholdAssets
2022-04-01
2023-03-31
07670417
core:PlantMachinery
2022-04-01
2023-03-31
07670417
core:FurnitureFittingsToolsEquipment
2022-04-01
2023-03-31
07670417
bus:RegisteredOffice
2022-04-01
2023-03-31
07670417
bus:LeadAgentIfApplicable
2022-04-01
2023-03-31
07670417
bus:Director1
2022-04-01
2023-03-31
07670417
bus:Director2
2022-04-01
2023-03-31
07670417
bus:Director3
2022-04-01
2023-03-31
07670417
bus:Director5
2022-04-01
2023-03-31
07670417
bus:Director6
2022-04-01
2023-03-31
07670417
bus:Director7
2022-04-01
2023-03-31
07670417
bus:Director8
2022-04-01
2023-03-31
07670417
bus:Director9
2022-04-01
2023-03-31
07670417
bus:Director10
2022-04-01
2023-03-31
07670417
bus:CompanySecretary1
2022-04-01
2023-03-31
07670417
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
07670417
core:LandBuildings
core:LongLeaseholdAssets
2022-03-31
07670417
core:LandBuildings
core:ShortLeaseholdAssets
2022-03-31
07670417
core:PlantMachinery
2022-03-31
07670417
core:FurnitureFittingsToolsEquipment
2022-03-31
07670417
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
07670417
core:LandBuildings
core:LongLeaseholdAssets
2023-03-31
07670417
core:LandBuildings
core:ShortLeaseholdAssets
2023-03-31
07670417
core:PlantMachinery
2023-03-31
07670417
core:FurnitureFittingsToolsEquipment
2023-03-31
07670417
core:WithinOneYear
2023-03-31
07670417
core:WithinOneYear
2022-03-31
07670417
core:AfterOneYear
2023-03-31
07670417
core:AfterOneYear
2022-03-31
07670417
core:RetainedEarningsAccumulatedLosses
2023-03-31
07670417
core:RetainedEarningsAccumulatedLosses
2022-03-31
07670417
core:LandBuildings
core:ShortLeaseholdAssets
2022-04-01
2023-03-31
07670417
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
07670417
core:LandBuildings
core:LongLeaseholdAssets
2022-03-31
07670417
core:PlantMachinery
2022-03-31
07670417
core:FurnitureFittingsToolsEquipment
2022-03-31
07670417
bus:SmallEntities
2022-04-01
2023-03-31
07670417
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
07670417
bus:FullAccounts
2022-04-01
2023-03-31
07670417
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
07670417
bus:CompanyLimitedByGuarantee
2022-04-01
2023-03-31
07670417
core:AfterOneYear
2022-04-01
2023-03-31
Company registration number:
07670417
GILLINGHAM SOCIAL CLUB LIMITED
Company limited by guarantee
Unaudited filleted financial statements
31 March 2023
GILLINGHAM SOCIAL CLUB LIMITED
Company limited by guarantee
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
GILLINGHAM SOCIAL CLUB LIMITED
Company limited by guarantee
Directors and other information
|
|
|
|
|
Directors |
Terence E Flynn |
(Resigned 18 November 2022) |
|
|
Mark David Pearce |
|
|
|
Maurice Hannam |
(Resigned 4 October 2023) |
|
|
Thomas Milligan |
|
|
|
Joy Standerwick |
|
|
|
Lynne M Webber |
|
|
|
Michael Barry Young |
|
|
|
John Webber |
|
|
|
Steve Way |
|
|
|
|
|
|
|
|
|
|
Secretary |
Joy Standerwick |
|
|
|
|
|
|
|
|
|
|
Company number |
07670417 |
|
|
|
|
|
|
|
|
|
|
Registered office |
Hardings Lane |
|
|
|
Gillingham |
|
|
|
Dorset |
|
|
|
SP8 4HX |
|
|
|
|
|
|
|
|
|
|
Business address |
Hardings Lane |
|
|
|
Gillingham |
|
|
|
DORSET |
|
|
|
SP8 4HX |
|
|
|
|
|
|
|
|
|
|
Accountant |
Robinson Miller |
|
|
|
3 Newopaul Way |
|
|
|
Warminster |
|
|
|
Wiltshire |
|
|
|
BA12 8RY |
|
|
|
|
|
GILLINGHAM SOCIAL CLUB LIMITED
Company limited by guarantee
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of GILLINGHAM SOCIAL CLUB LIMITED
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of GILLINGHAM SOCIAL CLUB LIMITED for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of GILLINGHAM SOCIAL CLUB LIMITED, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of GILLINGHAM SOCIAL CLUB LIMITED and state those matters that we have agreed to state to the board of directors of GILLINGHAM SOCIAL CLUB LIMITED as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than GILLINGHAM SOCIAL CLUB LIMITED and its board of directors as a body for my work or for this report.
It is your duty to ensure that GILLINGHAM SOCIAL CLUB LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GILLINGHAM SOCIAL CLUB LIMITED. You consider that GILLINGHAM SOCIAL CLUB LIMITED is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of GILLINGHAM SOCIAL CLUB LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Robinson Miller
Chartered Accountants
3 Newopaul Way
Warminster
Wiltshire
BA12 8RY
GILLINGHAM SOCIAL CLUB LIMITED
Company limited by guarantee
Statement of financial position
31 March 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
8 |
57,213 |
|
|
|
55,066 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
57,213 |
|
|
|
55,066 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
9 |
4,149 |
|
|
|
2,344 |
|
|
Debtors |
|
10 |
1,769 |
|
|
|
1,419 |
|
|
Cash at bank and in hand |
|
|
20,969 |
|
|
|
19,636 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
26,887 |
|
|
|
23,399 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
11 |
(
25,459) |
|
|
|
(
27,239) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets/(liabilities) |
|
|
|
|
1,428 |
|
|
|
(
3,840) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
58,641 |
|
|
|
51,226 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
12 |
|
|
(
49,237) |
|
|
|
(
51,385) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets/(liabilities) |
|
|
|
|
9,404 |
|
|
|
(
159) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Profit and loss account |
|
|
|
|
9,404 |
|
|
|
(
159) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Members funds/(deficit) |
|
|
|
|
9,404 |
|
|
|
(
159) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2023 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 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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2023
, and are signed on behalf of the board by:
John Webber
Director
Company registration number:
07670417
GILLINGHAM SOCIAL CLUB LIMITED
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Hardings Lane, Gillingham, Dorset, SP8 4HX.
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
The accounts are prepared on a going concern basis. One of the former committee members has historically lent the company £26,589 of which £10,000 was repaid in the year ended 31st March 2022 and £6,589 in the year ended 31st March 2023. This debt is included in current liabilities. This individual has agreed that he will not demand repayment of this loan if to do so would impair the company's ability to pay its other creditors as they fall due.
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 tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses. The car park refurbishment has been depreciated in anticipation of the lease on the premises being renewed.
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:
|
|
|
|
|
|
Car Park Refurbishment |
- |
4 % |
straight line |
|
Short leasehold property |
- |
Straight Line over the life of the Lease |
|
|
Plant and machinery |
- |
10 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
|
|
|
|
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.
Government grants and other grants
Government grants and other 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.Government grants and other grants are recognised using the accrual model.Under the accrual model, grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
4.
Limited by guarantee
Gillingham Social Club Limited is a company limited by guaranteee and accordingly does not have a share capital. Every member of the company ( being the company directors) undertakes to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5.
Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
6.
Operating profit
Operating profit is stated after charging/(crediting):
|
|
|
|
2023 |
2022 |
|
|
|
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
2,518 |
2,441 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
7.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2022:
3
).
8.
Tangible assets
|
|
Freehold property |
Long leasehold property |
Short leasehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Total |
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2022 |
36,096 |
14,710 |
46,054 |
5,875 |
8,566 |
111,301 |
|
|
Additions |
- |
- |
- |
- |
4,664 |
4,664 |
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
At 31 March 2023 |
36,096 |
14,710 |
46,054 |
5,875 |
13,230 |
115,965 |
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2022 |
- |
1,814 |
46,054 |
3,693 |
4,674 |
56,235 |
|
|
Charge for the year |
- |
588 |
- |
218 |
1,711 |
2,517 |
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
At 31 March 2023 |
- |
2,402 |
46,054 |
3,911 |
6,385 |
58,752 |
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2023 |
36,096 |
12,308 |
- |
1,964 |
6,845 |
57,213 |
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
At 31 March 2022 |
36,096 |
12,896 |
- |
2,182 |
3,892 |
55,066 |
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
9.
Stocks
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bar stock |
|
4,149 |
2,344 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
1,176 |
- |
|
Other debtors |
|
593 |
1,419 |
|
|
|
_______ |
_______ |
|
|
|
1,769 |
1,419 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
2,000 |
2,000 |
|
Trade creditors |
|
4,362 |
994 |
|
Corporation tax |
|
6 |
2 |
|
Social security and other taxes |
|
5,609 |
2,721 |
|
Other creditors |
|
13,482 |
21,522 |
|
|
|
_______ |
_______ |
|
|
|
25,459 |
27,239 |
|
|
|
_______ |
_______ |
|
|
|
|
|
12.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
12,333 |
14,333 |
|
Other creditors |
|
36,904 |
37,052 |
|
|
|
_______ |
_______ |
|
|
|
49,237 |
51,385 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Other creditors relates to deferred government grants and other grants received.
Included within creditors: amounts falling due after more than one year is an amount of £ 5,289
(2022 £ 6,885 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Included within creditors: amounts falling due after more than one year is an amount of £ 36,096
(2022 £ 36,096 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
Creditors due in excess of 5 years from the balance sheet date relate to bounce back loan monthly repayments and the release of grants on the transfer of assets from the previous unincorporated club (which are released in line with the company depreciation policy).Part of the grant related to non depreciated land.