Company Registration No. 06872650 (England and Wales)
MATCH POINT TENNIS (UK) LIMITED
Unaudited accounts
for the year ended 31 March 2023
MATCH POINT TENNIS (UK) LIMITED
Unaudited accounts
Contents
MATCH POINT TENNIS (UK) LIMITED
Company Information
for the year ended 31 March 2023
Director
Graeme Dale LIVINGSTONE
Secretary
Graeme Dale LIVINGSTONE
Company Number
06872650 (England and Wales)
Registered Office
HOLLAND ROAD
HURST GREEN
OXTED
SURREY
RH8 9BQ
MATCH POINT TENNIS (UK) LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
73,143
99,721
Cash at bank and in hand
4,420
6,938
Creditors: amounts falling due within one year
(177,715)
(134,762)
Net current liabilities
(122,059)
(75,339)
Total assets less current liabilities
(48,916)
24,382
Creditors: amounts falling due after more than one year
-
(43,929)
Net liabilities
(48,916)
(19,547)
Called up share capital
100
100
Capital redemption reserve
93,600
86,400
Profit and loss account
(142,616)
(106,047)
Shareholders' funds
(48,916)
(19,547)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 January 2024 and were signed on its behalf by
Graeme Dale LIVINGSTONE
Director
Company Registration No. 06872650
MATCH POINT TENNIS (UK) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
MATCH POINT TENNIS (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06872650. The registered office is HOLLAND ROAD, HURST GREEN, OXTED, SURREY, RH8 9BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% leasehold land & holdings
Lawn Tennis Association Award
The company received an award from The Lawn Tennis Association for the construction of tennis courts. This is included in creditors and is being released to the profit and loss account over the same useful economic life as the related capital expenditure
The director is of the opinion that preparing the accounts based on a going concern approach is suitable. The director commits to providing financial support to ensure the company can fulfill its obligations in the foreseeable future. Additionally, the director has decided that any repayment of personal funds will not be pursued until the company possesses adequate funds for such repayment
MATCH POINT TENNIS (UK) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
173,150
31,128
18,749
31,208
834
255,069
Additions
-
-
-
4,353
-
4,353
At 31 March 2023
173,150
31,128
18,749
35,561
834
259,422
At 1 April 2022
99,930
24,141
6,249
24,194
834
155,348
Charge for the year
17,676
1,951
6,249
5,055
-
30,931
At 31 March 2023
117,606
26,092
12,498
29,249
834
186,279
At 31 March 2023
55,544
5,036
6,251
6,312
-
73,143
At 31 March 2022
73,220
6,987
12,500
7,014
-
99,721
Amounts falling due within one year
Other debtors
51,236
52,485
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,484
15,937
Taxes and social security
-
1,143
Other creditors
165,231
117,682
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Rent payable to Lifeline Fitness Limited, a company controlled by G D Livingstone.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).