Company registration number 08925814 (England and Wales)
PONTELAND LAWN TENNIS CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
PONTELAND LAWN TENNIS CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Statement of changes in equity
5
PONTELAND LAWN TENNIS CLUB LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
99,288
102,413
Current assets
Debtors
4
5,856
5,629
Cash at bank and in hand
52,789
45,078
58,645
50,707
Creditors: amounts falling due within one year
5
(20,081)
(19,184)
Net current assets
38,564
31,523
Net assets
137,852
133,936
Reserves
Income and expenditure account
7
137,852
133,936
Members' funds
137,852
133,936

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 March 2023 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 and delivered 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 30 November 2023 and are signed on its behalf by:
Mr C J Lott
Director
Company Registration No. 08925814
PONTELAND LAWN TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Ponteland Lawn Tennis Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Nicholson and Morgan, 14 Bell Villas, Ponteland, Newcastle Upon Tyne, Tyne And Wear, United Kingdom, NE20 9BE.

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. 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:

Clubhouse
over 42 years on straight line basis
Plant & machinery
over 13 years on straight line basis

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
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.5

Taxation

Interest earned on monies held on deposit is normally liable to corporation tax however HMRC have removed the company from the charge to tax due to the small amounts involved.

1.6

Turnover

Turnover represents members subscriptions together with income generating operations associated with a lawn tennis club.

PONTELAND LAWN TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
124,340
2,642
126,982
Depreciation and impairment
At 1 April 2022
23,400
1,169
24,569
Depreciation charged in the year
2,925
200
3,125
At 31 March 2023
26,325
1,369
27,694
Carrying amount
At 31 March 2023
98,015
1,273
99,288
At 31 March 2022
100,940
1,473
102,413

On incorporation the club donated its assets to the company, these included Floodlights, Tennis courts and Furniture & equipment which had a nil written down value at 31 March 2014 and are therefore not included above.

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
4,160
4,160
Prepayments and accrued income
1,696
1,469
5,856
5,629

During the year the Club was owed £4,160 (2022 - £4,160) in respect of a loan provided to the Ponteland Community Middle School. The loan is not subject to a formal agreement.

 

PONTELAND LAWN TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
160
260
Deferred income
18,090
17,387
Other creditors
750
715
Accruals and deferred income
1,081
822
20,081
19,184
6
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.

PONTELAND LAWN TENNIS CLUB LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
Income and expenditure account
£
Balance at 1 April 2021
121,977
Year ended 31 March 2022:
Profit and total comprehensive income for the year
11,959
Balance at 31 March 2022
133,936
Year ended 31 March 2023:
Profit and total comprehensive income for the year
3,916
Balance at 31 March 2023
137,852
PONTELAND LAWN TENNIS CLUB LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
7
Income and expenditure account
2023
2022
£
£
At the beginning of the year
133,936
121,977
Surplus for the year
3,916
11,959
At the end of the year
137,852
133,936
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