The Lansdown Tennis, Squash and Croquet Club Ltd Accounts Cover |
Company No. 03295397 | |||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd Contents |
Pages | |||||||||
Company Information | 2 | ||||||||
Directors' Report | 3 | ||||||||
Accountant's Report | 4 | ||||||||
Income and Expenditure Account | 5 | ||||||||
Statement of Comprehensive Income | 6 | ||||||||
Balance Sheet | 7 | ||||||||
Statement of Changes in Equity | 8 | ||||||||
Notes to the Accounts | 9 to 11 | ||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd Company Information |
Directors | |||||||||
Registered Office | |||||||||
Accountants | |||||||||
342 Bloomfield Road | |||||||||
Bath | |||||||||
BA2 2PB |
The Lansdown Tennis, Squash and Croquet Club Ltd Directors Report |
The Directors present their report and the accounts for the year ended 31 December 2023. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
(Resigned 13 March 2023) | |||||||||
(Resigned 12 June 2023) | |||||||||
Signed on behalf of the board | |||||||||
Gray Olliver | |||||||||
Director | |||||||||
24 May 2024 |
The Lansdown Tennis, Squash and Croquet Club Ltd Accountants Report ICAEW |
Chartered Accountant's Report to the Board of Directors of The Lansdown Tennis, Squash and Croquet Club Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023 | |||||||||
In order to assist you to fulfil your duties under the Companies Act 2006 , we have prepared for your approval the accounts of The Lansdown Tennis, Squash and Croquet Club Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the Notes to the Accounts from the company's accounting records and from information and explanations you have given us. | |||||||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. | |||||||||
This report is made solely to the Board of Directors of The Lansdown Tennis, Squash and Croquet Club Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Lansdown Tennis, Squash and Croquet Club Ltd and state those matters that we have agreed to state to the Board of Directors of The Lansdown Tennis, Squash and Croquet Club Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Lansdown Tennis, Squash and Croquet Club Ltd and its Board of Directors as a body for our work or for this report. | |||||||||
It is your duty to ensure that The Lansdown Tennis, Squash and Croquet Club Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and surplus of The Lansdown Tennis, Squash and Croquet Club Ltd. You consider that The Lansdown Tennis, Squash and Croquet Club Ltd is exempt from the statutory audit requirement for the year. | |||||||||
Chartered Accountants | |||||||||
342 Bloomfield Road | |||||||||
Bath | |||||||||
BA2 2PB | |||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd Income and Expenditure Account |
for the year ended 31 December 2023 | ||||||||||
2023 | 2022 | |||||||||
£ | £ | |||||||||
Turnover | ||||||||||
Cost of Sales | ( | ( | ||||||||
Gross profit | ||||||||||
Administrative expenses | ( | ( | ||||||||
Operating surplus | ||||||||||
Other interest receivable | ||||||||||
Surplus on ordinary activities before taxation | ||||||||||
Taxation | ||||||||||
Surplus for the financial year after taxation | ||||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd Balance Sheet |
at | ||||||||||
Company No. | Notes | 2023 | 2022 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Stocks | 5 | |||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Net assets | ||||||||||
Reserves | ||||||||||
Revaluation reserve | 9 | |||||||||
Other reserves | 9 | |||||||||
Income and expenditure account | ||||||||||
Total equity | ||||||||||
Approved by the board on 24 May 2024 and signed on its behalf by: | ||||||||||
Julian Ragless | ||||||||||
Director | ||||||||||
24 May 2024 |
The Lansdown Tennis, Squash and Croquet Club Ltd Statement of Changes in Equity |
for the year ended 31 December 2023 | ||||||||||
Other Reserves | Income and Expenditure Account | Total equity | ||||||||
£ | £ | £ | ||||||||
At 1 January 2022 | 316,436 | 338,339 | 654,775 | |||||||
Property reserve movement | ( | ( | ||||||||
Transfers | (2,000) | ( | ||||||||
Surplus for the year | ||||||||||
Sinking fund movement | 20,000 | 20,000 | ||||||||
At 31 December 2022 and 1 January 2023 as previously stated | - | - | ||||||||
At 31 December 2022 and 1 January 2023 | ||||||||||
Property reserve movement | ( | ( | ||||||||
Transfers | (2,000) | ( | ||||||||
Surplus for the year | ||||||||||
Sinking fund movement | 20,000 | 20,000 | ||||||||
At 31 December 2023 | ||||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd Notes to the Accounts |
for the year ended 31 December 2023 | ||||||||||||||||
1 | General information | |||||||||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd is a private company limited by guarantee and incorporated in England and Wales. | ||||||||||||||||
Its registered number is: 03295397 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
2 | Accounting policies | |||||||||||||||
Turnover | ||||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||||
Leasehold land and buildings | ||||||||||||||||
Plant and machinery | ||||||||||||||||
Furniture, fittings and equipment | ||||||||||||||||
Stocks | ||||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. | ||||||||||||||||
Defined contribution pensions | ||||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||||
3 | Employees | |||||||||||||||
2023 | 2022 | |||||||||||||||
Number | Number | |||||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||||
4 | Tangible fixed assets | |||||||||||||||
Land and buildings | Plant and machinery | Total | ||||||||||||||
£ | £ | £ | ||||||||||||||
Cost or revaluation | ||||||||||||||||
At 1 January 2023 | ||||||||||||||||
Additions | ||||||||||||||||
At 31 December 2023 | ||||||||||||||||
Depreciation | ||||||||||||||||
At 1 January 2023 | ||||||||||||||||
Charge for the year | ||||||||||||||||
At 31 December 2023 | ||||||||||||||||
Net book values | ||||||||||||||||
At 31 December 2023 | ||||||||||||||||
At 31 December 2022 | ||||||||||||||||
5 | Stocks | |||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Finished goods | ||||||||||||||||
6 | Debtors | |||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Other debtors | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Other loans | ||||||||||||||||
Trade creditors | ||||||||||||||||
Taxes and social security | ||||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
8 | Creditors: | |||||||||||||||
amounts falling due after more than one year | ||||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Other loans | ||||||||||||||||
9 | Reserves | |||||||||||||||
Property Replacement Reserve | Sinking Fund | Total other reserves | ||||||||||||||
£ | £ | £ | ||||||||||||||
At 1 January 2022 | ||||||||||||||||
Property reserve movement | ( | ( | ||||||||||||||
Sinking fund movement | ||||||||||||||||
At 31 December 2022 and 1 January 2023 | ||||||||||||||||
Property reserve movement | ( | ( | ||||||||||||||
Sinking fund movement | ||||||||||||||||
At 31 December 2023 | ||||||||||||||||