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REGISTERED NUMBER: 11295414 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hove Park Tennis Alliance Ltd

Hove Park Tennis Alliance Ltd (Registered number: 11295414)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Hove Park Tennis Alliance Ltd (Registered number: 11295414)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 168,977 174,994

Current assets
Debtors 5 194 -
Cash at bank 86,905 68,439
87,099 68,439
Creditors: amounts falling due within
one year

6

29,893

43,888
Net current assets 57,206 24,551
Total assets less current liabilities 226,183 199,545

Creditors: amounts falling due after
more than one year

7

(41,009

)

(54,679

)

Provisions for liabilities (2,198 ) (1,577 )
Net assets 182,976 143,289

Reserves
Income and expenditure account 182,976 143,289
Members' funds 182,976 143,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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.

Hove Park Tennis Alliance Ltd (Registered number: 11295414)

Balance Sheet - continued
31 March 2024


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 and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





M L Patrick - Director


Hove Park Tennis Alliance Ltd (Registered number: 11295414)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Hove Park Tennis Alliance Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11295414

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. Membership subscriptions are reflected in the accounts in the period to which they relate.

Property, plant and equipment
Property, plant and equipment is stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance
Leasehold Improvements - Straight line over remainder of 25 year lease
Plant and machinery - Straight line over 15 years

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Hove Park Tennis Alliance Ltd (Registered number: 11295414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income and Expenditure Account, 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.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

Hove Park Tennis Alliance Ltd (Registered number: 11295414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Property, plant and equipment
Fixtures
Leasehold Plant and and
improvements machinery fittings Totals
£    £    £    £   
Cost
At 1 April 2023 113,893 71,128 3,999 189,020
Additions 3,228 - 741 3,969
At 31 March 2024 117,121 71,128 4,740 192,989
Depreciation
At 1 April 2023 7,157 4,742 2,127 14,026
Charge for year 4,606 4,742 638 9,986
At 31 March 2024 11,763 9,484 2,765 24,012
Net book value
At 31 March 2024 105,358 61,644 1,975 168,977
At 31 March 2023 106,736 66,386 1,872 174,994

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments and accrued income 194 -

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 13,670 13,670
Payments on account 14,040 25,551
Other creditors 2,183 4,667
29,893 43,888

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 8) 41,009 54,679

Hove Park Tennis Alliance Ltd (Registered number: 11295414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. Loans

Included in bank loans is an amount of £54,679 which is payable over 5 years commencing September 2022 and carries no interest. The balance is repayable in biannual installments.

9. Limited by guarantee

The company is limited by guarantee, not having share capital. In the event of the company being wound up, every member, while he or she is a member, or within one year after he or she ceases to be a member, undertakes to contribute to the assets of the company, such amount as may be required not exceeding £10.