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Unaudited Financial Statements for the Year Ended 31 December 2023

for


The Phoenix And Claires Court Sports
Club Ltd


The Phoenix And Claires Court Sports

Club Ltd (Registered number: 01732758)







Contents of the Financial Statements

for the Year Ended 31 December 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




The Phoenix And Claires Court Sports

Club Ltd


Company Information

for the Year Ended 31 December 2023









DIRECTORS:

H Wilding


J.T. Wilding


T A Furlonger


M G Harris


N Pidgeon







REGISTERED OFFICE:

The College


1 College Avenue


Maidenhead


Berkshire


SL6 6AW







REGISTERED NUMBER:

01732758 (England and Wales)







ACCOUNTANTS:

Peter Upton


Bridge House


2 Bridge Avenue


Maidenhead


Berkshire


SL6 1RR


The Phoenix And Claires Court Sports

Club Ltd (Registered number: 01732758)


Balance Sheet

31 December 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

3

27,600


29,900




CURRENT ASSETS

Debtors

4

2,000


4,000



Cash at bank

7,782


8,555



9,782


12,555



CREDITORS

Amounts falling due within one year

5

19,825


17,502



NET CURRENT LIABILITIES

(10,043

)

(4,947

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

17,557


24,953




CAPITAL AND RESERVES

Called up share capital

6

62


62



Share premium

7

20,393


20,393



Retained earnings

7

(2,898

)

4,498



SHAREHOLDERS' FUNDS

17,557


24,953




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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.

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 11 April 2024 and were signed on its behalf by:






T A Furlonger - Director



The Phoenix And Claires Court Sports

Club Ltd (Registered number: 01732758)


Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

STATUTORY INFORMATION



The Phoenix And Claires Court Sports Club Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets

Tangible fixed assets other than freehold are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Pavilion5%
Fixtures, fittings and equipment5%



Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


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.


Financial instruments


The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.


The Phoenix And Claires Court Sports

Club Ltd (Registered number: 01732758)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


3.

TANGIBLE FIXED ASSETS


Long


Plant and



leasehold


machinery


Totals

£   

£   

£   



COST OR VALUATION


At 1 January 2023


and 31 December 2023

46,000


8,421


54,421




DEPRECIATION


At 1 January 2023

16,100


8,421


24,521




Charge for year

2,300


-


2,300




At 31 December 2023

18,400


8,421


26,821




NET BOOK VALUE


At 31 December 2023

27,600


-


27,600




At 31 December 2022

29,900


-


29,900





Cost or valuation at 31 December 2023 is represented by:



Long


Plant and



leasehold


machinery


Totals

£   

£   

£   



Valuation in 2014

48,000


8,421


56,421




Valuation in 2015

(2,000

)

-


(2,000

)


46,000


8,421


54,421




4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade debtors

-


4,000




Accrued income

2,000


-



2,000


4,000




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade creditors

6,105


9,282




Deferred income

9,000


7,500




Other creditors

4,000


-




Accrued expenses

720


720



19,825


17,502




6.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



62

Ordinary

£1

62


62




The Phoenix And Claires Court Sports

Club Ltd (Registered number: 01732758)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


7.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 January 2023

4,498


20,393


24,891




Deficit for the year

(7,396

)

(7,396

)



At 31 December 2023

(2,898

)

20,393


17,495




8.

OTHER FINANCIAL COMMITMENTS


On the 5th December 2004 the company entered into a new lease for 25 years with an annual rent of £6,500. The rent review at December 2019 adjusted the rent to £8,300.00 per annum.

9.

FUTURE INCOME


From March 2024, the rental income will be increased by 22% which will eliminate the losses for the year.