Clevedon Lawn Tennis Club Limited 05443845 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of running and operating a tennis club. Digita Accounts Production Advanced 6.30.9574.0 true true 05443845 2023-01-01 2023-12-31 05443845 2023-12-31 05443845 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05443845 core:FurnitureFittings 2023-12-31 05443845 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 05443845 core:PlantMachinery 2023-12-31 05443845 bus:SmallEntities 2023-01-01 2023-12-31 05443845 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05443845 bus:FullAccounts 2023-01-01 2023-12-31 05443845 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05443845 bus:RegisteredOffice 2023-01-01 2023-12-31 05443845 bus:Director18 2023-01-01 2023-12-31 05443845 bus:Director2 2023-01-01 2023-12-31 05443845 bus:Director23 2023-01-01 2023-12-31 05443845 bus:Director25 2023-01-01 2023-12-31 05443845 bus:Director26 2023-01-01 2023-12-31 05443845 bus:Director28 2023-01-01 2023-12-31 05443845 bus:Director29 2023-01-01 2023-12-31 05443845 bus:Director30 2023-01-01 2023-12-31 05443845 bus:Director31 2023-01-01 2023-12-31 05443845 bus:Director7 2023-01-01 2023-12-31 05443845 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 05443845 core:FurnitureFittings 2023-01-01 2023-12-31 05443845 core:LandBuildings 2023-01-01 2023-12-31 05443845 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05443845 core:OfficeEquipment 2023-01-01 2023-12-31 05443845 core:PlantMachinery 2023-01-01 2023-12-31 05443845 countries:England 2023-01-01 2023-12-31 05443845 2022-12-31 05443845 core:FurnitureFittings 2022-12-31 05443845 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 05443845 core:PlantMachinery 2022-12-31 05443845 2022-01-01 2022-12-31 05443845 2022-12-31 05443845 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05443845 core:FurnitureFittings 2022-12-31 05443845 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 05443845 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05443845

Clevedon Lawn Tennis Club Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Clevedon Lawn Tennis Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Clevedon Lawn Tennis Club Limited

Company Information

Directors

J Perry

M C Graham

C C Miller

J R De Lance-Holmes

M H Wellings

G L Hockin

R O Elliott

I G Law-Smith

C Gould

D Pratt

Registered office

Clevedon Tennis Club
Princes Road
Clevedon
North Somerset
BS21 7SY

Accountants

Newsham Hanson Accountants Limited
Accountants and Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

Clevedon Lawn Tennis Club Limited

(Registration number: 05443845)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

338,835

275,238

Current assets

 

Stocks

5

904

693

Cash at bank and in hand

 

64,712

119,743

 

65,616

120,436

Creditors: Amounts falling due within one year

6

(5,633)

(10,154)

Net current assets

 

59,983

110,282

Net assets

 

398,818

385,520

Reserves

 

Non-distributable reserve

250,000

250,000

Retained earnings

148,818

135,520

Surplus

 

398,818

385,520

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
J Perry
Director

 

Clevedon Lawn Tennis Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Clevedon Tennis Club
Princes Road
Clevedon
North Somerset
BS21 7SY

The principal place of business is:
Princes Road
Clevedon
Somerset

These financial statements were authorised for issue by the Board on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Clevedon Lawn Tennis Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

6.25% and 10% straight line basis

Plant and equipment

25% straight line basis

Fixtures & fittings

20% and 25% straight line basis

Office equipment

25% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Directors. The Directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Clevedon Lawn Tennis Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 10).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

346,178

23,932

110

370,220

Additions

69,923

4,776

-

74,699

At 31 December 2023

416,101

28,708

110

444,919

Depreciation

At 1 January 2023

70,940

23,932

110

94,982

Charge for the year

10,147

955

-

11,102

At 31 December 2023

81,087

24,887

110

106,084

Carrying amount

At 31 December 2023

335,014

3,821

-

338,835

At 31 December 2022

275,238

-

-

275,238

Included within the net book value of land and buildings above is £335,014 (2022 - £275,238) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

904

693

 

Clevedon Lawn Tennis Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

5,633

10,154