Macclesfield Conservative Club Limited Accounts

MACCLESFIELD CONSERVATIVE CLUB LIMITED - Company Information






Macclesfield Conservative Club Limited

	Company No. 00235874
		Information for Filing with The Registrar
		31 March 2022

at	31 March 2022
Company No.		00235874	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	101,143	101,143

	Investments		5	10,699	10,968
				111,842	112,111
Current assets

	Debtors		6	22,413	22,413

	Cash at bank and in hand			2,504	3,428
				24,917	25,841
Creditors: Amount falling due within one year			7	(1,451)	(3,753)
Net current assets				23,466	22,088
Total assets less current liabilities				135,308	134,199




Net assets				135,308	134,199

Capital and reserves
	Called up share capital			100	100
	Share premium account		8	70,299	70,299


	Profit and loss account		8	64,909	63,800

Total equity				135,308	134,199



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 21 March 2023
And signed on its behalf by:
J.A. Jones
Director
21 March 2023

for the year ended 31 March 2022

General information

Its registered number is: 00235874

Its registered office is:

24/26 Jordangate

Macclesfield

Cheshire

SK10 1EW

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2021	101,143	4,486	105,629




		At 31 March 2022	101,143	4,486	105,629
		Depreciation
		At 1 April 2021	-	4,486	4,486




		At 31 March 2022	-	4,486	4,486
		Net book values
		At 31 March 2022	101,143	-	101,143
		At 31 March 2021	101,143	-	101,143

5	Investments
			Other investments - Listed	Total
			£	£
		Cost or valuation
		At 1 April 2021	10,968	10,968


		Disposals	(269)	(269)
		At 31 March 2022	10,699	10,699
		Provisions/Impairment





		Net book values
		At 31 March 2022	10,699	10,699
		At 31 March 2021	10,968	10,968

6	Debtors
			2022	2021
			£	£






		Other debtors	22,413	22,413

			22,413	22,413

7	Creditors:
		amounts falling due within one year
			2022	2021
			£	£










		Accruals and deferred income	1,451	3,753
			1,451	3,753

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.