NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Company Registration Number:
02702138 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 December 2023




Director: D Cordell
K Daniel
C Hilditch
S Kerr
D Appleton
Registered office: Norman Park Track
Hayes Lane
Norman Park
Bromley
Kent
England
BR2 9EG
Company Registration Number: 02702138 (England and Wales)

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The principal activity of the company is the management of the athletics track and Community Sports Centre at Norman Park, Bromley

Political and charitable donations

There were no donations during this period

Additional information

The year’s income reflects the opening of the new sports centre in January 2023 with additional income streams from fitness classes and associated additional costs, more than offset by higher costs due start up and inflation.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
D Cordell
K Daniel
C Hilditch
S Kerr
D Appleton

This report was approved by the board of directors on 10 June 2024
And Signed On Behalf Of The Board By:

Name: D Appleton
Status: Director

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 270,092 93,706
Gross surplus or (deficit) 270,092 93,706
Administrative Expenses ( 272,990 ) ( 127,062 )
Other operating income 0 10,279
Operating surplus or (deficit) ( 2,898 ) ( 23,077 )
Interest Receivable and Similar Income 1 43
Surplus or (deficit) before tax ( 2,897 ) ( 23,034 )
Tax on surplus ( 0 ) ( 0 )
Surplus or (deficit) for the period ( 2,897 ) ( 23,034 )

The notes form part of these financial statements

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 13,079 15,172
Total fixed assets: 13,079 15,172
Current assets
Stocks: 0 0
Debtors: 5 1,355 80
Cash at bank and in hand: 10,738 11,291
Total current assets: 12,093 11,371
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 14,624 ) ( 13,098 )
Net current assets (liabilities): ( 2,531 ) ( 1,727 )
Total assets less current liabilities: 10,548 13,445
Total net assets (liabilities): 10,548 13,445

The notes form part of these financial statements

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Reserves
Income and expenditure account 10,548 13,445
Members funds 10,548 13,445

For the year ending 31 December 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 June 2024
And Signed On Behalf Of The Board By:

Name: D Appleton
Status: Director

The notes form part of these financial statements

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents sales of goods and services, excluding VAT.

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 12 3

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 January 2023 85,890 85,890
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 85,890 85,890
Depreciation
At 01 January 2023 70,718 70,718
Charge for year 2,093 2,093
On disposals - -
Other adjustments - -
At 31 December 2023 72,811 72,811
Net book value
At 31 December 2023 13,079 13,079
At 31 December 2022 15,172 15,172

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Trade debtors 1,355 80
Total 1,355 80

NORMAN PARK TRACK MANAGEMENT LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 7,850 5,789
Taxation and social security 1,170 1,309
Accruals and deferred income 5,604 6,000
Total 14,624 13,098