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REGISTERED NUMBER: 02367147 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NORTHERN LAWN TENNIS CLUB LIMITED

NORTHERN LAWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 02367147)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN LAWN TENNIS CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: N H J Hewer





SECRETARY: C Scott





REGISTERED OFFICE: Palatine Road
West Didsbury
Manchester
M20 3YA





REGISTERED NUMBER: 02367147 (England and Wales)





ACCOUNTANTS: Daggett and Company
Chartered Accountants
Parkway House
Palatine Road
Northenden
Manchester
M22 4DB

NORTHERN LAWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 02367147)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 916,632 -
Tangible assets 5 432,597 342,252
Investments 6 1 1
1,349,230 342,253

CURRENT ASSETS
Stocks 8,851 8,686
Debtors 7 50,437 173,911
Cash at bank and in hand 516,511 713,043
575,799 895,640
CREDITORS
Amounts falling due within one year 8 342,971 203,461
NET CURRENT ASSETS 232,828 692,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,582,058

1,034,432

CREDITORS
Amounts falling due after more than one
year

9

102,955

24,141
NET ASSETS 1,479,103 1,010,291

RESERVES
Income and expenditure account 1,479,103 1,010,291
1,479,103 1,010,291

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 director acknowledges his 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 surplus or deficit 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.

NORTHERN LAWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 02367147)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 12 April 2024 and were signed by:





N H J Hewer - Director


NORTHERN LAWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 02367147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Northern Lawn Tennis Club Limited is a private company, limited by guarantee , 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.

Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable.

Intangible assets
Intangible assets comprise the costs of courts development at the balance sheet date. No depreciation is provided. They will be accounted for as tangible assets upon completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - at varying rates on cost

Investments in subsidiaries
Interest in the subsidiary Northern Lawn Tennis Club Trading Company Limited is measured at cost.

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

Taxation
The company is registered with H M Revenue and Customs as a Community Amateur Sports Club and as such benefits from Corporation tax exemptions.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 30 ) .

NORTHERN LAWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 02367147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Courts development costs 916,632
At 31 December 2023 916,632
NET BOOK VALUE
At 31 December 2023 916,632

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,756,701 651,065 2,407,766
Additions 50,574 104,669 155,243
Disposals - (6,000 ) (6,000 )
At 31 December 2023 1,807,275 749,734 2,557,009
DEPRECIATION
At 1 January 2023 1,480,093 585,421 2,065,514
Charge for year 18,917 42,581 61,498
Eliminated on disposal - (2,600 ) (2,600 )
At 31 December 2023 1,499,010 625,402 2,124,412
NET BOOK VALUE
At 31 December 2023 308,265 124,332 432,597
At 31 December 2022 276,608 65,644 342,252

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

NORTHERN LAWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 02367147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 33,046 23,107
Amounts owed by group undertakings 1,604 1,604
Other debtors 15,787 149,200
50,437 173,911

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 167,880 26,193
Taxation and social security 11,395 18,554
Other creditors 153,048 148,066
342,971 203,461

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,284 24,141
Other creditors 88,671 -
102,955 24,141

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 7,656 6,214

11. RELATED PARTY DISCLOSURES

The company raised management charges to the subsidiary Northern Lawn Tennis Club Trading Company Limited of £2,100 (2022 £2,100. At the year end £1604 (2022 £1604) was owed to the company by the subsidiary.

12. LIMITED BY GUARANTEE

The company is limited by guarantee, not having a share capital and consequently the liability of the members is limited, subject to an undertaking by each member to contribute to the company on a winding up such amounts as may be required not exceeding one pound.