Registered Number 26961R
THE LARRUPERZ SOCIAL CLUB LIMITED
REGISTERED UNDER THE CO-OPERATIVE AND COMMUNITY BENEFIT SOCIETIES ACT 2014
REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022
THE LARRUPERZ SOCIAL CLUB LIMITED
REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022
| Contents Management Committee Report Independent Accountants' Report to the Management Committee Profit and Loss Account Balance Sheet Notes Revenue Accounts |
Page |
|---|---|
| 1 2 3 4 5 - 6 7 |
THE LARRUPERZ SOCIAL CLUB LIMITED
MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED
30TH SEPTEMBER 2022
Principal Activity
The principal activity of the company in the year under review was that of a social club.
Business Review
The company made a trading loss for the year of £2,507. The company made an excess of income over expenditure for the year of £855 on membership subscriptions and expenses.
Management Committee
The members acting during the period were as follows:-
K Cornwall - Chairman B Marshall - Secretary Mrs I Price - Treasurer Mrs C Marshall
Management Committee Responsibilities
Company law requires the Management Committee to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those accounts, the Management Committee are required to :
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Management Committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Co-operative and Community Benefit Societies Act 2014. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Accountants
A resolution for the appointment of Thorne & Co. as accountants will be proposed at the Annual General Meeting.
Signed on behalf of the Management Committee
B Marshall Secretary
Approved by the Committee: 21st November 2022
Page 1
INDEPENDENT ACCOUNTANTS' REPORT UNDER SECTION 85 OF THE CO-OPERATIVE
AND COMMUNITY BENEFIT SOCIETIES ACT 2014
We report to the Company's Management Committee on the unaudited accounts for the year ended 30th September 2022 set out on pages 3 to 7.
Respective Responsibilities of Management Committee and Reporting Accountants
The Company's Management Committee are responsible for the preparation of the accounts, and they consider that the Company is entitled to opt out of an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.
This report is made to the Company's Management Committee, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the accounts that we have been engaged to compile, report to the Company's Management Committee that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Management Committee, as a body, for our work or for this report.
Basis of Opinion
Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the Company, and making such limited enquiries of the officers of the Company as we considered necessary for the purposes of this report. These procedures provide the only assurance expressed in our opinion.
Opinion
In our opinion:
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(a) The accounts, including the revenue account and balance sheet, are in agreement with the accounting records kept by the Company under section 75 of the Co-operative and Community Benefit Societies Act 2014;
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(b) Having regard only to, and on the basis of, the information contained in those accounting records the revenue account and balance sheet comply with the requirements of the Co-operative and Community Benefit Societies Act 2014; and
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(c) For the preceding year of account, the financial criteria for the exercise of the power conferred by section 84 were met in relation to the year
1 St. Mary's Street Ross-on-Wye
Thorne & Co. 21st November 2022
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THE LARRUPERZ SOCIAL CLUB LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30TH SEPTEMBER 2022
| Trading Profit (Loss) Excess of Income over Expenditure - Members Account Profit (Loss) on Ordinary Activities before Taxation Taxation Retained Profit (Loss) for the financial year Retained Profit at 1st October 2021 Retained Profit at 30th September 2022 |
Note 2 3 |
2022 -2,507 855 -1,652 - -1,652 11,115 9,463 |
2021 4,529 319 |
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|---|---|---|---|---|
| 4,848 - |
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| 4,848 6,267 |
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| 11,115 |
Page 3
THE LARRUPERZ SOCIAL CLUB LIMITED
BALANCE SHEET - 30TH SEPTEMBER 2022
| Fixed Assets Current Assets Stocks Debtors Cash at Bank and in Hand Creditors: amounts falling due within one year Net Current Assets Total Net Assets Capital and Reserves Issued Shares Profit and Loss Account Members Funds |
Note 4 5 6 7 |
2022 513 2,668 1,064 5,816 9,548 430 9,118 9,631 168 9,463 9,631 |
2021 420 |
|
|---|---|---|---|---|
| 2,336 2,154 8,254 |
||||
| 12,744 1,903 |
||||
| 10,841 | ||||
| 11,261 | ||||
| 146 11,115 |
||||
| 11,261 |
Signed on behalf of the Management Committee
K Cornwall (Chairman)…………………………………………….
B Marshall (Secretary)…………………………………………..
Mrs I Price (Treasurer)…………………………………………..
Approved by the Committee: 21st November 2022
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THE LARRUPERZ SOCIAL CLUB LIMITED
NOTES TO THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022
1 Accounting Policies
Basis of Accounting
The accounts have been prepared under the historical cost convention.
Turnover
Turnover represents amounts received and receivable by the company in respect of goods sold during the period.
Depreciation
Depreciation is calculated on the reducing balance method so as to write off the cost of tangible fixed assets over their estimated useful lives. Equipment 25%
Stock
Stock has been valued at the lower of cost and net realisable value.
| 2 3 4 5 |
Profit for the financial year Profit is stated after charging:- Depreciation of fixed assets Taxation Current tax - UK Corporation Tax Taxation based on results for the year Fixed Assets Cost At 30th September 2021 Additions Disposals At 30th September 2022 Depreciation At 30th September 2021 Charge for the year Disposals At 30th September 2022 Net Book Value At 30th September 2021 At 30th September 2022 Stocks Goods for re-sale |
2022 171 - 2,668 |
2021 142 |
|---|---|---|---|
| - | |||
| Equipment 9,180 264 - |
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| 9,444 | |||
| 8,760 171 - |
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| 8,931 | |||
| 420 | |||
| 513 | |||
| 2,336 |
Page 5
THE LARRUPERZ SOCIAL CLUB LIMITED
NOTES TO THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022
| 6 7 |
Creditors -amounts due within one year Trade Creditors Taxation and Social Security Accruals Reconciliation of Movements in Members Funds Members Funds at 1st October 2021 Net Increase (Decrease) in Shares Profit (Loss) for the year Members Funds at 30th September 2022 |
2022 95 35 300 430 11,261 22 -1,652 9,631 |
2021 1,569 34 300 |
|
|---|---|---|---|---|
| 1,903 | ||||
| 6,440 -27 4,848 |
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| 11,261 |
8 Related Party Transactions
A substantial number of the Management Committee are also members of the Management Committee of Ross-on-Wye and District Community Association. During the year the company paid rent and service charges to the Community Association totalling £2,450 (2021 £nil).
Page 6
THE LARRUPERZ SOCIAL CLUB LIMITED
REVENUE ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022
TRADING ACCOUNT
| Turnover - Bar Takings Vending Machine Job Retention Scheme Grants Cost of Sales - Purchases Gross Profit Interest Expenses Wages Rent and Service Charges Repairs and Renewals Registration and Licensing Fees Accountancy Fees Sundries Credit Card Charges Depreciation Trading Profit (Loss) for the year Income Subscriptions Prize Draw (Increase) Decrease in Shares Expenditure Members' Club Expenses Excess Income over Expenditure |
MEMBERS ACCOUNT | 2022 24,605 - - 2,074 26,679 13,123 13,556 - 13,556 12,440 2,450 493 199 300 - 10 171 16,063 -2,507 336 580 -22 894 39 855 |
2021 2,115 13 7,147 7,692 |
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|---|---|---|---|---|
| 16,967 1,411 |
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| 15,556 - |
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| 15,556 | ||||
| 10,397 - - 175 300 13 - 142 |
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| 11,027 | ||||
| 4,529 | ||||
| 292 - 27 |
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| 319 - |
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| 319 |
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