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REGISTERED NUMBER: 01328623 (England and Wales)















Burntwood Sports Limited

Strategic Report, Report of the Directors and

Financial Statements For The Year Ended 31 March 2023






Burntwood Sports Limited (Registered number: 01328623)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 6

Balance Sheet 7

Statement of Changes in Equity 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11


Burntwood Sports Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mrs F Saul
Mr J R Saul



SECRETARY: Mrs F Saul



REGISTERED OFFICE: Burntwood House
Brierley
Barnsley
South Yorkshire
S72 9ET



REGISTERED NUMBER: 01328623 (England and Wales)



AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: HSBC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

Burntwood Sports Limited (Registered number: 01328623)

Strategic Report
For The Year Ended 31 March 2023

The directors present their strategic report for the year ended 31 March 2023.

REVIEW OF BUSINESS
In the company's first year of trade since 2020 not affected by national lockdowns following the Covid-19 pandemic, the company saw year-on-year growth in turnover of 21.3% and 88.4% growth in profit before tax. This has been driven by the post pandemic increase in the use of facilities during the year.

Development continued in the year on the new facilities at Bawtry Park Golf Club.

Key Performance Indicators

The principal key performance indicators for the company are levels of turnover, gross profit and net profit and employee numbers. The key sums are as follows:

2023 2022
£ £
Turnover 5,534,044 4,563,779
Gross profit / (loss) 2,218,475 1,601,451
Profit before tax 1,322,471 710,376
Employee numbers 97 96

PRINCIPAL RISKS AND UNCERTAINTIES
With the national lockdowns coming to an end in the prior year, the previous risks surrounding the Covid-19 pandemic are significantly lower and this is no longer considered to be a main risk. Senior management continue to monitor the impact that Covid-19 has had on the performance of the site and adapt to any changes in consumer patterns identified.

Senior management also continue to monitor potential threats such as legislative changes and attempt to mitigate any potential consequences, but the main threats for the next couple of years are the impact of inflation, wage rates and energy costs.

ON BEHALF OF THE BOARD:





Mr J R Saul - Director


1 February 2024

Burntwood Sports Limited (Registered number: 01328623)

Report of the Directors
For The Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the operation of a hotel, leisure complex and golf course.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2023.

FUTURE DEVELOPMENTS
The directors intend to continue their programme of consolidating the company's position. They anticipate that the trading results will improve going forward.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mrs F Saul
Mr J R Saul

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they 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 these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Kingswood Allotts Limited, will be proposed for re-appointment as auditor at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr J R Saul - Director


1 February 2024

Report of the Independent Auditors to the Members of
Burntwood Sports Limited

Opinion
We have audited the financial statements of Burntwood Sports Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Burntwood Sports Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for
appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting
estimates for bias;
- Performing audit work over completeness of income, including cash income, including analytical review and substantive procedures.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.




Steven Pepper FCA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

1 February 2024

Burntwood Sports Limited (Registered number: 01328623)

Statement of Comprehensive
Income
For The Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER 3 5,534,044 4,563,779

Cost of sales 3,397,815 2,962,328
GROSS PROFIT 2,136,229 1,601,451

Administrative expenses 1,032,701 1,126,831
1,103,528 474,620

Other operating income 163,042 232,433
OPERATING PROFIT 5 1,266,570 707,053

Interest receivable and similar income 55,903 3,323
PROFIT BEFORE TAXATION 1,322,473 710,376

Tax on profit 6 257,677 160,572
PROFIT FOR THE FINANCIAL YEAR 1,064,796 549,804

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 1,064,796 549,804

Burntwood Sports Limited (Registered number: 01328623)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 - -
Tangible assets 8 6,566,903 4,548,441
6,566,903 4,548,441

CURRENT ASSETS
Stocks 9 97,369 91,596
Debtors 10 601,596 375,754
Cash at bank and in hand 2,745,897 3,052,575
3,444,862 3,519,925
CREDITORS
Amounts falling due within one year 11 2,678,682 1,838,283
NET CURRENT ASSETS 766,180 1,681,642
TOTAL ASSETS LESS CURRENT LIABILITIES 7,333,083 6,230,083

CREDITORS
Amounts falling due after more than one year 12 (277,093 ) (241,832 )

PROVISIONS FOR LIABILITIES 14 (72,656 ) (69,713 )
NET ASSETS 6,983,334 5,918,538

CAPITAL AND RESERVES
Called up share capital 15 100 100
Retained earnings 6,983,234 5,918,438
SHAREHOLDERS' FUNDS 6,983,334 5,918,538

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





Mr J R Saul - Director


Burntwood Sports Limited (Registered number: 01328623)

Statement of Changes in Equity
For The Year Ended 31 March 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2021 100 5,368,634 5,368,734

Changes in equity
Total comprehensive income - 549,804 549,804
Balance at 31 March 2022 100 5,918,438 5,918,538

Changes in equity
Total comprehensive income - 1,064,796 1,064,796
Balance at 31 March 2023 100 6,983,234 6,983,334

Burntwood Sports Limited (Registered number: 01328623)

Cash Flow Statement
For The Year Ended 31 March 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 797,740 1,740,458
Tax paid (150,424 ) -
Net cash from operating activities 647,316 1,740,458

Cash flows from investing activities
Purchase of tangible fixed assets (1,017,123 ) (48,071 )
Interest received 55,903 3,323
Net cash from investing activities (961,220 ) (44,748 )

Cash flows from financing activities
Amount introduced by directors 7,226 -
Amount withdrawn by directors - (3,308 )
Net cash from financing activities 7,226 (3,308 )

(Decrease)/increase in cash and cash equivalents (306,678 ) 1,692,402
Cash and cash equivalents at beginning of year 2 3,052,575 1,360,173

Cash and cash equivalents at end of year 2 2,745,897 3,052,575

Burntwood Sports Limited (Registered number: 01328623)

Notes to the Cash Flow Statement
For The Year Ended 31 March 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 1,322,473 710,376
Depreciation charges 185,192 254,246
Loss on disposal of fixed assets - 3,262
Government grants (5,039 ) (5,039 )
Finance income (55,903 ) (3,323 )
1,446,723 959,522
Increase in stocks (5,773 ) (38,799 )
(Increase)/decrease in trade and other debtors (225,842 ) 299,388
(Decrease)/increase in trade and other creditors (417,368 ) 520,347
Cash generated from operations 797,740 1,740,458

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 2,745,897 3,052,575
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 3,052,575 1,360,173


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 3,052,575 (306,678 ) 2,745,897
3,052,575 (306,678 ) 2,745,897
Total 3,052,575 (306,678 ) 2,745,897

Burntwood Sports Limited (Registered number: 01328623)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Membership fees are spread over the period to which they relate.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over the estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land- not provided
Freehold buildings- 2% on straight line
Plant and machinery- 20% on reducing balance and 15% straight line
Fixtures and fittings- 20% on reducing balance and 15% straight line
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on straight line
Assets under construction- 0%

Depreciation on assets under construction will commence once the asset is brought into use.

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

Financial instruments
Financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Burntwood Sports Limited (Registered number: 01328623)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants relating to capital expenditure are credited to the profit and loss account over the useful life of the assets to which they relate.Those relating to revenue expenditure are credited in the year the related expenditure is incurred.

Trust
The company created a trust whose beneficiaries include employees of the company and their dependents. Assets held under this trust are controlled by trustees who are acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the company until the earlier of it no longer having de facto control of these assets and it not obtaining future economic benefit from these assets.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

Turnover is made up of the following:

2023 2022
£   £   
Sale of goods2,984,4152,627,635
Rendering of services2,549,6291,936,144
5,534,0444,563,779
All turnover arises from one class of business, being the leisure industry.

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 1,964,727 1,848,658
Social security costs 174,880 146,674
Other pension costs 36,890 32,189
2,176,497 2,027,521

Burntwood Sports Limited (Registered number: 01328623)

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

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2023 2022

Administration and directors 3 5
Hotel and bar 67 70
Health Club 27 21
97 96

2023 2022
£    £   
Directors' remuneration - -

5. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Hire of plant and machinery 2,669 2,660
Depreciation - owned assets 185,192 254,246
Loss on disposal of fixed assets - 3,262
Auditors' remuneration 14,150 3,000

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 254,734 112,198

Deferred tax 2,943 48,374
Tax on profit 257,677 160,572

Burntwood Sports Limited (Registered number: 01328623)

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

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 1,322,473 710,376
Profit multiplied by the standard rate of corporation tax in the UK of 19% (2022 - 19%) 251,270 134,971

Effects of:
Income not taxable for tax purposes (957 ) (957 )
Depreciation on non-allowable items 12,566 12,566
Change in tax rates 706 16,732
Super deduction (5,908 ) (2,740 )
Total tax charge 257,677 160,572

7. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2022
and 31 March 2023 6,500
AMORTISATION
At 1 April 2022
and 31 March 2023 6,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Burntwood Sports Limited (Registered number: 01328623)

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

8. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Computer
buildings machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 5,552,550 766,555 1,719,710 37,030 8,075,845
Additions 2,100,000 99,592 3,480 582 2,203,654
At 31 March 2023 7,652,550 866,147 1,723,190 37,612 10,279,499
DEPRECIATION
At 1 April 2022 1,193,228 685,229 1,613,588 35,359 3,527,404
Charge for year 66,324 54,173 63,090 1,605 185,192
At 31 March 2023 1,259,552 739,402 1,676,678 36,964 3,712,596
NET BOOK VALUE
At 31 March 2023 6,392,998 126,745 46,512 648 6,566,903
At 31 March 2022 4,359,322 81,326 106,122 1,671 4,548,441

Included in cost of land and buildings is freehold land of £ 790,265 (2022 - £ 790,265 ) which is not depreciated.

Freehold land and buildings includes £3,546,086 (2022: £1,446,086) of assets under construction, which are not depreciated until brought into use.

9. STOCKS
2023 2022
£    £   
Food and consumables 97,369 91,596

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,248 28,211
Other debtors 486,663 229,066
Prepayments and accrued income 73,685 118,477
601,596 375,754

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 208,761 210,374
Taxation 198,842 94,532
Other taxes and social security 35,981 31,303
Other creditors 1,667,402 1,022,707
Directors' current accounts 85,075 77,849
Accruals and deferred income 482,621 401,518
2,678,682 1,838,283

Burntwood Sports Limited (Registered number: 01328623)

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

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 277,093 241,832

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,995 2,660
Between one and five years - 1,995
1,995 4,655

Lease payments recognised as an expense during the year amounted to £2,660 (2022: £2,660).

14. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 72,656 69,713

Deferred
tax
£   
Balance at 1 April 2022 69,713
Movement in the year 2,943
Balance at 31 March 2023 72,656

Deferred tax has been provided at 25% (2022: 25%). Subject to further capital expenditure, £38,000 is expected to reverse within one year (2022: £22,000).

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

16. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 18,900,000 21,000,000

Burntwood Sports Limited (Registered number: 01328623)

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

17. RELATED PARTY DISCLOSURES

During the year the following balances were outstanding:-
2023 2022
£ £
Amount due from other related parties 161,000 161,000
Amount due to other related parties 1,615,992 969,448
Amount due to the directors 85,075 77,849

The amounts due are unsecured, interest free and repayable on demand.

During the year, the company provided services to related parties amounting to £95,000 (2022: £95,000) and received services from a related party amounting to £2,100,000 (2022: £913,470).

Key Management Personnel Remuneration

There are no key management personnel except the directors, whose remuneration is disclosed in the employees and directors note.