REGISTERED NUMBER: |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
REGISTERED NUMBER: |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Chartered accountants' report | 7 |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED |
COMPANY INFORMATION |
for the year ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Lygon House |
50 London Road |
Bromley |
Kent |
BR1 3RA |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696) |
BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
RESERVES |
Sinking fund |
Income and expenditure account |
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. |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696) |
BALANCE SHEET - continued |
31 March 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Sundridge Park Tennis & Squash Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents membership subscriptions, the hire of facilities, social events and hospitality, net of discounts and value added tax. Annual membership subscriptions and mast rental income is recognised over the period in which the fee has been applied |
Tangible fixed assets |
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |
Courts and equipment Straight line over 15 years |
Clubhouse fixtures and fittings Straight line over 5 years |
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 continues to qualify for Corporation Tax reliefs as a Community Amateur Sports Club. Where Corporation Tax is payable, it is recognised in the income and expenditure account. |
Government grant |
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. |
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure accounts. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. |
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. |
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Assets in | Clubhouse |
the | Courts | fixtures |
course of | and | and |
construction | equipment | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans - less than 1 yr |
Trade creditors |
Social security and other taxes |
VAT | - | 7,048 |
Other creditors |
Trustees loan (SPCAS Trust) | 209,127 | 209,127 |
Deferred income |
Accrued expenses |
Included within Other Creditors is a loan amount of £209,127, due to the Trustees of Sundridge Park Community Amateur Sport Trust. The loan is shown as falling due within one year, as the Business Transfer Agreement of 14 December 2010 (as varied) entitles the loan to be called in at any time. |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans - 1-2 years | 32,933 | 55,417 |
Other loans - 2-5 years | 40,850 | - |
Other loans due in more than 5 |
years | 51,300 |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans due in more than 5 |
years | 51,300 | - |
51,300 | - |
8. | LIMITED BY GUARANTEE |
The company is limited by guarantee and has no share capital. |
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SUNDRIDGE PARK TENNIS & SQUASH LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sundridge Park Tennis & Squash Limited for the year ended 31 March 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Sundridge Park Tennis & Squash Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sundridge Park Tennis & Squash Limited and state those matters that we have agreed to state to the Board of Directors of Sundridge Park Tennis & Squash Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sundridge Park Tennis & Squash Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Sundridge Park Tennis & Squash Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sundridge Park Tennis & Squash Limited. You consider that Sundridge Park Tennis & Squash Limited 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 financial statements of Sundridge Park Tennis & Squash Limited. 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 financial statements. |
Chartered Accountants |
Lygon House |
50 London Road |
Bromley |
Kent |
BR1 3RA |