The Club House Mcr Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11380413 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

THE CLUB HOUSE MCR LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

Mrs J Taylor

Miss F Stringer

REGISTERED OFFICE:

Liverpool Road

Eccles

Manchester

M30 7RF

REGISTERED NUMBER:

11380413 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The directors present their report with the financial statements of the company for the year ended 31 May 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a restaurant.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 June 2021 to the date of this report.

The beneficial interests of the directors holding office at 31 May 2022 in the shares of the company, according to the register of directors' interests, were as follows:

31.5.22

1.6.21

Ordinary shares of £1.00 each

Mrs J Taylor

1

1

Miss F Stringer

1

1

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs J Taylor - Director

15 November 2022

FIXED ASSETS

Property, plant and equipment

4

3,858

2,175

CURRENT ASSETS

Inventories

5,076

4,071

Debtors

5

78

8,376

Cash at bank and in hand

24,493

19,521

29,647

31,968

CREDITORS

Amounts falling due within one year

6

(42,618

)

(39,901

)

NET CURRENT LIABILITIES

(12,971

)

(7,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,113

)

(5,758

)

CREDITORS

Amounts falling due after more than one year

7

(14,628

)

(17,667

)

NET LIABILITIES

(23,741

)

(23,425

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(23,743

)

(23,427

)

SHAREHOLDERS' FUNDS

(23,741

)

(23,425

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2022 and were signed on its behalf by:

Mrs J Taylor - Director

Miss F Stringer - Director

1.	STATUTORY INFORMATION

The Club House Mcr Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 14 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 June 2021

2,496

300

2,053

4,849

Additions

-

2,970

-

2,970

At 31 May 2022

2,496

3,270

2,053

7,819

DEPRECIATION

At 1 June 2021

1,443

131

1,100

2,674

Charge for year

263

785

239

1,287

At 31 May 2022

1,706

916

1,339

3,961

NET BOOK VALUE

At 31 May 2022

790

2,354

714

3,858

At 31 May 2021

1,053

169

953

2,175

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

78

8,376

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts

4,000

2,333

Taxation and social security

11,967

7,664

Other creditors

26,651

29,904

42,618

39,901

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

14,628

17,667

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.22

31.5.21

£

£

Within one year

12,623

13,974

Between one and five years

-

12,623

12,623

26,597

9.	ULTIMATE CONTROLLING PARTY

Company was under control of its directors throughout the year