IRIS Accounts Production v23.3.0.418 03353663 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033536632022-03-31033536632023-03-31033536632022-04-012023-03-31033536632021-03-31033536632021-04-012022-03-31033536632022-03-3103353663ns10:Originalns15:EnglandWales2022-04-012023-03-3103353663ns14:PoundSterlingns10:Original2022-04-012023-03-3103353663ns10:Originalns10:Director12022-04-012023-03-3103353663ns10:Original2022-04-012023-03-3103353663ns10:Originalns10:Director22022-04-012023-03-3103353663ns10:Original2023-03-3103353663ns10:Originalns10:CompanyLimitedByGuarantee2022-04-012023-03-3103353663ns10:Originalns10:SmallEntities2022-04-012023-03-3103353663ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103353663ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103353663ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103353663ns10:Originalns10:FullAccounts2022-04-012023-03-3103353663ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103353663ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103353663ns10:Original2022-03-3103353663ns10:Originalns5:CurrentFinancialInstruments2023-03-3103353663ns10:Originalns5:CurrentFinancialInstruments2022-03-3103353663ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103353663ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103353663ns10:Originalns5:SharePremium2023-03-3103353663ns10:Originalns5:SharePremium2022-03-3103353663ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2023-03-3103353663ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2022-03-3103353663ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103353663ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103353663ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-04-012023-03-3103353663ns10:Originalns5:PlantMachinery2022-04-012023-03-3103353663ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103353663ns10:Original2021-04-012022-03-3103353663ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-03-3103353663ns10:Originalns5:PlantMachinery2022-03-3103353663ns10:Originalns5:FurnitureFittings2022-03-3103353663ns10:Original2022-03-3103353663ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2023-03-3103353663ns10:Originalns5:PlantMachinery2023-03-3103353663ns10:Originalns5:FurnitureFittings2023-03-3103353663ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-03-3103353663ns10:Originalns5:PlantMachinery2022-03-3103353663ns10:Originalns5:FurnitureFittings2022-03-3103353663ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103353663ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103353663ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103353663ns10:Originalns5:SharePremium2022-03-3103353663ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2022-03-3103353663ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 03353663 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Reedham Park Sports Club Limited

Reedham Park Sports Club Limited (Registered number: 03353663)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reedham Park Sports Club Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms G E Cooklsey
Ms A M Stedman





SECRETARY:





REGISTERED OFFICE: Lodge Hill
Purley
Surrey
CR8 4AH





REGISTERED NUMBER: 03353663 (England and Wales)






Reedham Park Sports Club Limited (Registered number: 03353663)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 180,293 195,273
Investments 6 22,827 19,757
203,120 215,030

CURRENT ASSETS
Stocks 7 1,275 1,395
Debtors 8 959 -
Cash at bank and in hand 248,946 240,216
251,180 241,611
CREDITORS
Amounts falling due within one year 9 (29,355 ) (36,129 )
NET CURRENT ASSETS 221,825 205,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,945

420,512

CREDITORS
Amounts falling due after more than one year 10 (124,859 ) (129,854 )
NET ASSETS 300,086 290,658

RESERVES
Reedham Park Tennis Club Limited loan 11 102,795 102,795
Sinking fund 11 147,291 137,863
Income and expenditure account 11 50,000 50,000
300,086 290,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 surplus or deficit 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.

Reedham Park Sports Club Limited (Registered number: 03353663)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2023 and were signed on its behalf by:




Ms A M Stedman - Director



Ms G E Cooklsey - Director


Reedham Park Sports Club Limited (Registered number: 03353663)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents club income derived from membership fees and associated sundry club income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold land & buildings - 4% on cost
Tennis courts & floodlights - 20% on cost and 10% on cost
Equipment - 20% on cost

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

Lottery grant
In 1999 the company received a lottery grant of £249,734 from the English Sports Council. This amount is being amortised over the life of the long leasehold property, to which the grant was applied, at the rate of 2% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Reedham Park Sports Club Limited (Registered number: 03353663)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Leasehold Tennis
land & courts &
buildings floodlights Equipment Totals
£    £    £    £   
COST
At 1 April 2022 237,521 280,725 25,184 543,430
Additions - - 5,153 5,153
At 31 March 2023 237,521 280,725 30,337 548,583
DEPRECIATION
At 1 April 2022 113,202 212,545 22,410 348,157
Charge for year 4,750 13,680 1,703 20,133
At 31 March 2023 117,952 226,225 24,113 368,290
NET BOOK VALUE
At 31 March 2023 119,569 54,500 6,224 180,293
At 31 March 2022 124,319 68,180 2,774 195,273

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
NS&I savings certificates 22,827 19,757

7. STOCKS
31.3.23 31.3.22
£    £   
Stocks 1,275 1,395

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 49 -
Prepayments 910 -
959 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT - 199
Accruals and deferred income 29,355 35,930
29,355 36,129

Reedham Park Sports Club Limited (Registered number: 03353663)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Deferred lottery grant 124,859 129,854

11. RESERVES
Reedham
Park
Income Tennis
and Club
expenditure Limited Sinking
account loan fund Totals
£    £    £    £   

At 1 April 2022 50,000 102,795 137,863 290,658
Surplus for the year 9,428 9,428
Transfer (9,428 ) - 9,428 -
At 31 March 2023 50,000 102,795 147,291 300,086

The loan from Reedham Park Tennis Club Limited, which was granted when Reedham Park Sports Club Limited was first established, will not, in normal circumstances, be repayable. The directors interpret this as meaning that the loan will only become repayable on the ultimate dissolution of Reedham Park Sports Club Limited. For this reason the directors consider that this is in the nature of a reserve and is therefore disclosed accordingly.

12. RELATED PARTY DISCLOSURES

Reedham Park Tennis Club Limited owns the freehold title to the land on which the clubhouse and tennis courts stand and has leased this land to the Company at a peppercorn rent for 99 years from 1 April 1997. In addition Reedham Park Tennis Club Limited has provided the loan as detailed in note 13 above.

The following are common directors of both companies:-

P L Wallyn
J J Fletcher

Both directors retired from Reedham Park Sports Club Limited after the balance sheet date.











Reedham Park Sports Club Limited (Registered number: 03353663)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

13. COMPANY STATUS

The company is limited by guarantee without having a share capital. Each member is liable to contribute £10 in the event that the company is dissolved with insufficient funds to meet all its liabilities.