The Lansdown Tennis, Squash and Croquet Club Ltd Accounts Cover
The Lansdown Tennis, Squash and Croquet Club Ltd
Company No. 03295397
Directors' Report and Unaudited Accounts
31 December 2023
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
Eleanor Bird
Joan McLoughlin
Gray Olliver
Julian Ragless
Registered Office
Northfields
Lansdown
Bath
BA1 5TN
Accountants
Accounting Advice Limited
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
The principal activity of the company during the year under review was a sports club.
Directors
The Directors who served at any time during the year were as follows:
Eleanor Bird
Mark Groves
(Resigned 13 March 2023)
Jeremy Labram
(Resigned 12 June 2023)
Joan McLoughlin
Gray Olliver
Julian Ragless
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
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.
We have not been instructed to carry out an audit or a review of the accounts of The Lansdown Tennis, Squash and Croquet Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounting Advice Limited
Chartered Accountants
342 Bloomfield Road
Bath
BA2 2PB
24 May 2024
The Lansdown Tennis, Squash and Croquet Club Ltd Income and Expenditure Account
for the year ended 31 December 2023
2023
2022
£
£
Turnover
518,301
491,254
Cost of Sales
(65,789)
(57,053)
Gross profit
452,512
434,201
Administrative expenses
(420,776)
(364,150)
Operating surplus
31,73670,051
Other interest receivable
4,934
299
Surplus on ordinary activities before taxation
36,67070,350
Taxation
-
-
Surplus for the financial year after taxation
36,67070,350
The Lansdown Tennis, Squash and Croquet Club Ltd Balance Sheet
at
31 December 2023
Company No.
03295397
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
340,192243,775
340,192243,775
Current assets
Stocks
5
6,5335,248
Debtors
6
15,01456,444
Cash at bank and in hand
478,339529,619
499,886591,311
Creditors: Amount falling due within one year
7
(59,083)
(81,161)
Net current assets
440,803510,150
Total assets less current liabilities
780,995753,925
Creditors: Amounts falling due after more than one year
8
(19,200)
(28,800)
Net assets
761,795725,125
Reserves
Revaluation reserve
9
126,000144,000
Other reserves
9
194,436174,436
Income and expenditure account
441,359406,689
Total equity
761,795725,125
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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
(18,000)
(18,000)
Transfers
-
(2,000)
(2,000)
Surplus for the year
70,35070,350
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
318,436406,689725,125
Property reserve movement
(18,000)
(18,000)
Transfers
-
(2,000)
(2,000)
Surplus for the year
36,670
36,670
Sinking fund movement
20,000
20,000
At 31 December 2023
320,436441,359761,795
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:
Northfields
Lansdown
Bath
BA1 5TN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leasehold land and buildings
5% straight line over 20 years
Plant and machinery
12.5% straight line over 8 years
Furniture, fittings and equipment
20-33% straight line 3 - 5 years
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to income and expenditure account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

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 Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
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:
1312
4
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost or revaluation
At 1 January 2023
916,71570,268986,983
Additions
170,645505171,150
At 31 December 2023
1,087,36070,7731,158,133
Depreciation
At 1 January 2023
676,04767,161743,208
Charge for the year
73,73799674,733
At 31 December 2023
749,78468,157817,941
Net book values
At 31 December 2023
337,5762,616340,192
At 31 December 2022
240,6683,107243,775
5
Stocks
2023
2022
£
£
Finished goods
6,5335,248
6,5335,248
6
Debtors
2023
2022
£
£
Other debtors
15,01456,444
15,01456,444
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Other loans
9,6009,600
Trade creditors
5,4076,199
Taxes and social security
4,51913,123
Other creditors
24,40529,536
Accruals and deferred income
15,15222,703
59,08381,161
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other loans
19,20028,800
19,20028,800
9
Reserves
Property Replacement Reserve
Sinking Fund
Total other reserves
£
£
£
At 1 January 2022
162,000
154,436
316,436
Property reserve movement
(18,000)
(18,000)
Sinking fund movement
20,000
20,000
At 31 December 2022 and 1 January 2023
144,000
174,436
318,436
Property reserve movement
(18,000)
(18,000)
Sinking fund movement
20,000
20,000
At 31 December 2023
126,000194,436320,436
The Property Replacement Reserve was established to provide funds for the modernisation or eventual replacement of the Clubhouse. It represented the equivalent of the capital repayments made on the mortgage originally taken up for the building of the clubhouse. As detailed in the accounting policies, an amount equivalent to the depreciation charge on the original cost of the clubhouse is being released each year from the Property Replacement Reserve to the Profit and Loss Account.
The Sinking Fund represents funds that are put aside to provide for the replacement of sports facilities in accordance with Lawn Tennis Association guidelines. The Company assumed all assets and liabilities of the previously unincorporated Club, amounting to £159,169 on 1st January 1997. This figure excluded any value of the Freehold Property.
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
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