## **Trustees’ Annual Report for the period**
**From 1/2/2024 Period start date To Period end date**
**31/1/2025**
## **Charity name: Snitterfield Sports Club**
## **Charity registration number: 1114954**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The promotion of community participation
in healthy recreation by the provision of
facilities for playing, tennis, bowls, football
and other sports as appropriate.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The club offers a safe environment for
individuals to play their chosen sport,
socially and competitively. Coaching is
offered across all sports with an emphasis
on the provision of affordable coaching for
juniors|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees are aware of their obligations
as issued by the Charity Commission|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||SORP reference|
|---|---|
||Para 1.38|
|Policy on grant making||
||Para 1.38|
|Policy on social investment||
|including program related||
|investment||
||Para 1.38|
|Contribution made by||
|volunteers||
Other
## **Achievements and Performance**
||SORP reference|||
|---|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The club provides an environment
enabling individuals, both from the village
of Snitterfield and surrounding villages
and towns, to participate in their chosen
sport(s). Emphasis is placed on
participation along with coaching,
specifically with regard to juniors.
All sporting sections operate within
financial rules; all had increased
membership during the year to 31/1/25
and all operated within local competitive
leagues. All sporting sections provided
social opportunities and all operate
without discrimination or favour.
During the year the club moved into its
new clubhouse resulting in an increase in
membership and participation. New sports
have been added and the club offers
facilities for petanque, darts, pool, yoga,
fitness classes. Plans are in place for the
addition of padel courts
The club is a focal point both for the
village of Snitterfield and surrounding
communities. The club is highly regarded
both as a significant part of the immediate
communityandthe wider area.||
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|---|---|---|
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The club has no borrowings and held cash
reserves as at 31/1/25 enabling obligations
with regard to maintenance and running
costs to be met.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are held to accommodate
working and capital expenditure, to enable
the club to offer continued quality facilities.
Reserves are held, and continue to be held
to manage the clubs development
programme.|
|Amount of reserves held|Para 1.22|Cash balances held totalled £69835 as at
31/1/2025|
|Reasons for holding zero
reserves|Para 1.22|N/a|
|Details of fund materially in
deficit|Para 1.24|N/a|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/a|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Memorandum & Articles of Association,
Formally adopted (by Members), Constitution
and Finance rules.|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Company Limited by Guarantee|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Volunteers; then elected by membership at
AGM|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
## **Reference and Administrative details**
|Charity name|Snitterfield Sports Club|
|---|---|
|Other name the charity uses||
|Registered charity number|1114954|
|Charity’s principal address|Wolverton Rd, Snitterfield, Stratford-upon-Avon, Warwickshire. CV37
0JH|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**|
|---|---|---|---|---|
||Emma McConnell|Chair|||
||Julian Michael
Straker|Treasurer|||
||Mark Donald|Trustee|||
||Louise Walter|Trustee|||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
– Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/a held in this capacity Name and objects of the N/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/a safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Julian Michael Straker **Position (eg Secretary,** Treasurer **Chair, etc) Date** 22/10/2025 ~~;~~
**Draft Financial Statements at 28 May 2025 at 14:41:25**
**Company Registration No. 04347235 (England and Wales)**
## **SNITTERFIELD SPORTS CLUB LIMITED**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JANUARY 2025**
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Company information|1|
|Directors' report|2|
|Accountants' report|3|
|Income and expenditure account|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 8|
|Detailed trading and profit and loss account|9|
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **COMPANY INFORMATION**
**Directors** Ms Emma McConnell Mr Julian Straker **Secretary** Mr Julian Straker **Company number** 04347235 **Registered office** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB **Accountants** Grineaux Accountants Limited 20 Market Hill Southam Warwickshire CV47 0HF **Business address** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB
- 1 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **DIRECTORS' REPORT**
## _**FOR THE YEAR ENDED 31 JANUARY 2025**_
The directors present their annual report and financial statements for the year ended 31 January 2025.
## **Principal activities**
The principal activity of the company continued to be that of a non-profit local sports club.
## **Directors**
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Ms Emma McConnell
Mr Julian Straker
## **Small companies exemption**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
By order of the board
## **Mr Julian Straker Secretary**
27 May 2025
- 2 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SNITTERFIELD SPORTS CLUB LIMITED**
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
The information provided by the football section during the process of preparing this set of financial statements was incomplete and therefore it is highly likely that the transactions relating to that section are not fully accurate.
## **Grineaux Accountants Limited**
20 Market Hill Southam Warwickshire CV47 0HF
27 May 2025
- 3 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JANUARY 2025**_
|**Income**
Cost of sales
**Gross surplus**
Administrative expenses
**Operating deficit**
Interest receivable and similar income
**Deficit before taxation**
Tax on deficit
**Deficit for the financial year**|**2025**
**£**
109,342
(22,042)
87,300
(92,201)
(4,901)
839
(4,062)
-
(4,062)|**2024**
**£**
43,187
(20,764)
22,423
(24,930)
(2,507)
756
(1,751)
-
(1,751)|
|---|---|---|
- 4 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 JANUARY 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**2**
Investments
**3**
**Current assets**
Stocks
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**5**
**Net current assets**
**Net assets**
**Reserves**
Revaluation reserve
**6**
Income and expenditure account
**Members' funds**|**£**
57
4,134
69,865
74,056
(1,477)|**2025**
**£**
997,607
1
997,608
72,579
1,070,187
805,000
265,187
1,070,187|**£**
128
3,630
77,155
80,913
(1,390)|**2024**
**£**
189,725
1|
|---|---|---|---|---|
|||||189,726
79,523|
|||||269,249|
|||||-
269,249|
|||||269,249|
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
## **Ms Emma McConnell Director**
## **Company Registration No. 04347235**
- 5 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
## **1 Accounting policies**
## **Company information**
Snitterfield Sports Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Snitterfield Sports Club, Wolverton Road, Snitterfield, Stratford Upon Avon, Warwckshire, CV37 0HB.
## **1.1 Accounting convention**
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Income and expenditure**
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
## **1.3 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings varying rates on cost Plant and equipment 20%/ 30% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.
## **1.4 Fixed asset investments**
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## **1.5 Impairment of fixed assets**
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
- 6 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.6 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **1.9 Taxation**
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
## **2 Tangible fixed assets**
|**Cost**
At 1 February 2024
Additions
Revaluation
At 31 January 2025
**Depreciation and impairment**
At 1 February 2024
Depreciation charged in the year
At 31 January 2025
**Carrying amount**
At 31 January 2025
At 31 January 2024|**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
282,412
1,879
7,584
1,195
805,000
-
1,094,996
3,074
92,836
1,730
5,598
299
98,434
2,029
996,562
1,045
189,576
149|**Total**
**£**
284,291
8,779
805,000|
|---|---|---|
|||1,098,070|
|||94,566
5,897|
|||100,463|
|||997,607|
|||189,725|
- 7 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
|**3**
**Fixed asset investments**
Shares in group undertakings and participating interests
**4**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**5**
**Creditors: amounts falling due within one year**
Other creditors
**6**
**Revaluation reserve**
At the beginning of the year
Other movements
At the end of the year|**2025**
**£**
1
**2025**
**£**
4,134
**2025**
**£**
1,477
**2025**
**£**
-
805,000
805,000|**2024**
**£**
1|
|---|---|---|
|||**2024**
**£**
3,630|
|||**2024**
**£**
1,390|
|||**2024**
**£**
-
-|
|||-|
## **7 Members' liability**
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
- 8 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **DETAILED TRADING AND INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
|**Income**
Subscriptions
Sponsorship and donations
Activities and fund raising
**Cost of sales**
Activities and fund direct costs
**Total cost of sales**
**Gross surplus**
**Administrative expenses**
Room hire
Rates
Power, light and heat
Repairs and maintenance
Travelling expenses
Professional subscriptions
Legal and professional fees
Consultancy fees
Accountancy
Premises investment
Donations
Credit card charges
Insurance
Computer, stationery and office costs
Advertising
Sundry expenses
Depreciation
Profit or loss on sale of tangible assets
**Operating deficit**
**Interest receivable and similar income**
Bank interest received
**Deficit before taxation**|**£**
22,042
680
3,273
849
1,049
20
1,036
10,259
2,588
720
59,999
50
88
2,270
1,836
168
1,419
5,897
-
839|**2025**
**£**
21,668
64,497
23,177
109,342
(22,042)
87,300
(92,201)
(4,901)
839
(4,062)|**£**
20,764
-
2,899
170
1,233
100
810
7,935
-
630
-
-
44
2,029
651
-
227
6,655
1,547
756|**2024**
**£**
18,771
5,764
18,652
43,187
(20,764)
22,423
(24,930)
(2,507)
756
(1,751)|
|---|---|---|---|---|
- 9 -
**Draft Financial Statements at 28 May 2025 at 14:41:25**
**Company Registration No. 04347235 (England and Wales)**
## **SNITTERFIELD SPORTS CLUB LIMITED**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JANUARY 2025**
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Company information|1|
|Directors' report|2|
|Accountants' report|3|
|Income and expenditure account|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 8|
|Detailed trading and profit and loss account|9|
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **COMPANY INFORMATION**
**Directors** Ms Emma McConnell Mr Julian Straker **Secretary** Mr Julian Straker **Company number** 04347235 **Registered office** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB **Accountants** Grineaux Accountants Limited 20 Market Hill Southam Warwickshire CV47 0HF **Business address** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB
- 1 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **DIRECTORS' REPORT**
## _**FOR THE YEAR ENDED 31 JANUARY 2025**_
The directors present their annual report and financial statements for the year ended 31 January 2025.
## **Principal activities**
The principal activity of the company continued to be that of a non-profit local sports club.
## **Directors**
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Ms Emma McConnell
Mr Julian Straker
## **Small companies exemption**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
By order of the board
## **Mr Julian Straker Secretary**
27 May 2025
- 2 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SNITTERFIELD SPORTS CLUB LIMITED**
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
The information provided by the football section during the process of preparing this set of financial statements was incomplete and therefore it is highly likely that the transactions relating to that section are not fully accurate.
## **Grineaux Accountants Limited**
20 Market Hill Southam Warwickshire CV47 0HF
27 May 2025
- 3 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JANUARY 2025**_
|**Income**
Cost of sales
**Gross surplus**
Administrative expenses
**Operating deficit**
Interest receivable and similar income
**Deficit before taxation**
Tax on deficit
**Deficit for the financial year**|**2025**
**£**
109,342
(22,042)
87,300
(92,201)
(4,901)
839
(4,062)
-
(4,062)|**2024**
**£**
43,187
(20,764)
22,423
(24,930)
(2,507)
756
(1,751)
-
(1,751)|
|---|---|---|
- 4 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 JANUARY 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**2**
Investments
**3**
**Current assets**
Stocks
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**5**
**Net current assets**
**Net assets**
**Reserves**
Revaluation reserve
**6**
Income and expenditure account
**Members' funds**|**£**
57
4,134
69,865
74,056
(1,477)|**2025**
**£**
997,607
1
997,608
72,579
1,070,187
805,000
265,187
1,070,187|**£**
128
3,630
77,155
80,913
(1,390)|**2024**
**£**
189,725
1|
|---|---|---|---|---|
|||||189,726
79,523|
|||||269,249|
|||||-
269,249|
|||||269,249|
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
## **Ms Emma McConnell Director**
## **Company Registration No. 04347235**
- 5 -
**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
## **1 Accounting policies**
## **Company information**
Snitterfield Sports Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Snitterfield Sports Club, Wolverton Road, Snitterfield, Stratford Upon Avon, Warwckshire, CV37 0HB.
## **1.1 Accounting convention**
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Income and expenditure**
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
## **1.3 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings varying rates on cost Plant and equipment 20%/ 30% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.
## **1.4 Fixed asset investments**
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## **1.5 Impairment of fixed assets**
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
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**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.6 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **1.9 Taxation**
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
## **2 Tangible fixed assets**
|**Cost**
At 1 February 2024
Additions
Revaluation
At 31 January 2025
**Depreciation and impairment**
At 1 February 2024
Depreciation charged in the year
At 31 January 2025
**Carrying amount**
At 31 January 2025
At 31 January 2024|**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
282,412
1,879
7,584
1,195
805,000
-
1,094,996
3,074
92,836
1,730
5,598
299
98,434
2,029
996,562
1,045
189,576
149|**Total**
**£**
284,291
8,779
805,000|
|---|---|---|
|||1,098,070|
|||94,566
5,897|
|||100,463|
|||997,607|
|||189,725|
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**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
|**3**
**Fixed asset investments**
Shares in group undertakings and participating interests
**4**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**5**
**Creditors: amounts falling due within one year**
Other creditors
**6**
**Revaluation reserve**
At the beginning of the year
Other movements
At the end of the year|**2025**
**£**
1
**2025**
**£**
4,134
**2025**
**£**
1,477
**2025**
**£**
-
805,000
805,000|**2024**
**£**
1|
|---|---|---|
|||**2024**
**£**
3,630|
|||**2024**
**£**
1,390|
|||**2024**
**£**
-
-|
|||-|
## **7 Members' liability**
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
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**Draft Financial Statements at 28 May 2025 at 14:41:25 SNITTERFIELD SPORTS CLUB LIMITED**
## **DETAILED TRADING AND INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JANUARY 2025**_
|**Income**
Subscriptions
Sponsorship and donations
Activities and fund raising
**Cost of sales**
Activities and fund direct costs
**Total cost of sales**
**Gross surplus**
**Administrative expenses**
Room hire
Rates
Power, light and heat
Repairs and maintenance
Travelling expenses
Professional subscriptions
Legal and professional fees
Consultancy fees
Accountancy
Premises investment
Donations
Credit card charges
Insurance
Computer, stationery and office costs
Advertising
Sundry expenses
Depreciation
Profit or loss on sale of tangible assets
**Operating deficit**
**Interest receivable and similar income**
Bank interest received
**Deficit before taxation**|**£**
22,042
680
3,273
849
1,049
20
1,036
10,259
2,588
720
59,999
50
88
2,270
1,836
168
1,419
5,897
-
839|**2025**
**£**
21,668
64,497
23,177
109,342
(22,042)
87,300
(92,201)
(4,901)
839
(4,062)|**£**
20,764
-
2,899
170
1,233
100
810
7,935
-
630
-
-
44
2,029
651
-
227
6,655
1,547
756|**2024**
**£**
18,771
5,764
18,652
43,187
(20,764)
22,423
(24,930)
(2,507)
756
(1,751)|
|---|---|---|---|---|
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