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 :
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- 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:
- (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;
- (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
- (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
Page 2
## **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|
|---|---|---|---|---|
|||||4,848
**-**|
|||||4,848
6,267|
|||||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
Page 4
## **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
-|
||||**9,444**|
||||8,760
171
-|
||||**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|
|||||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|
|---|---|---|---|---|
|||||16,967
1,411|
|||||15,556
**-**|
|||||15,556|
|||||10,397
**-**
**-**
175
300
13
**-**
142|
|||||11,027|
|||||4,529|
|||||292
**-**
27|
|||||319
**-**|
|||||319|
Page 7