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Unaudited Financial Statements for the Year Ended 30 September 2021 |
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Bounds Green Recreation Club |
Limited(The) |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2021 |
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for |
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Bounds Green Recreation Club |
Limited(The) |
Bounds Green Recreation Club |
Limited(The) (Registered number: 00077653) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Bounds Green Recreation Club |
Limited(The) |
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Company Information |
for the Year Ended 30 September 2021 |
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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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ACCOUNTANTS: |
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Chartered Accountants and Business Advisors |
Regency House |
33 Wood Street |
Barnet |
Hertfordshire |
EN5 4BE |
Bounds Green Recreation Club |
Limited(The) (Registered number: 00077653) |
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Balance Sheet |
30 September 2021 |
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30/9/21 | 30/9/20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks | 7 |
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Debtors | 8 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
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10 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Revaluation reserve | 12 |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Bounds Green Recreation Club |
Limited(The) (Registered number: 00077653) |
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Balance Sheet - continued |
30 September 2021 |
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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 and authorised for issue on
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Bounds Green Recreation Club |
Limited(The) (Registered number: 00077653) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2021 |
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1. | STATUTORY INFORMATION |
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Bounds Green Recreation Club Limited(The) is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Freehold is not being depreciated on the basis that it is not material to do so. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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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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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
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Bounds Green Recreation Club |
Limited(The) (Registered number: 00077653) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 30 September 2021 is represented by: |
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Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
Valuation in 2013 | 1,238,350 | - | 1,238,350 |
Valuation in 2015 | 311,650 | - | 311,650 |
Valuation in 2019 | 400,000 | - | 400,000 |
Cost | - | 148,626 | 148,626 |
1,950,000 | 148,626 | 2,098,626 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 October 2020 |
and 30 September 2021 |
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NET BOOK VALUE |
At 30 September 2021 |
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At 30 September 2020 |
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Fair value at 30 September 2021 is represented by: |
£ |
Valuation in 2013 | 385,000 |
Valuation in 2014 | 65,000 |
Valuation in 2015 | 100,000 |
Valuation in 2018 | 61,000 |
611,000 |
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7. | STOCKS |
30/9/21 | 30/9/20 |
£ | £ |
Stocks |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/21 | 30/9/20 |
£ | £ |
Trade debtors |
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P/L DR balances | 614 | - |
Other debtors |
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Tax |
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VAT |
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Prepayments and accrued income |
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Bounds Green Recreation Club |
Limited(The) (Registered number: 00077653) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/21 | 30/9/20 |
£ | £ |
Other loans |
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Trade creditors |
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Social security and other taxes |
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VAT | 601 | - |
Other creditors |
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Accruals and deferred income |
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10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30/9/21 | 30/9/20 |
£ | £ |
Other loans - 1-2 years | 4,476 | 4,476 |
Other loans - 2-5 years | 13,428 | 13,428 |
Other loans more 5yrs instal | 4,466 | 8,952 |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Other loans more 5yrs instal | 4,466 | 8,952 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/21 | 30/9/20 |
value: | £ | £ |
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Ordinary | £1 | 6,593 | 6,593 |
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12. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 October 2020 |
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2,423,167 |
Profit for the year |
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At 30 September 2021 |
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2,427,873 |
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13. | ULTIMATE CONTROLLING PARTY |
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There is no controlling party of the company. |