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REGISTERED NUMBER: 06463696 (England and Wales)











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: P Ashton
M Braden
P J Carty
Mrs J Dorning
M J Turner
Mrs A M Wilson





REGISTERED OFFICE: Lawn Close
Garden Road
Bromley
Kent
BR1 3NA





REGISTERED NUMBER: 06463696 (England and Wales)





ACCOUNTANTS: Berringers LLP
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 4 556,530 226,283

CURRENT ASSETS
Stocks 8,204 7,303
Debtors 5 31,767 16,429
Cash at bank and in hand 400,557 452,036
440,528 475,768
CREDITORS
Amounts falling due within one year 6 507,703 345,930
NET CURRENT (LIABILITIES)/ASSETS (67,175 ) 129,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,355

356,121

CREDITORS
Amounts falling due after more than one
year

7

125,083

55,417
NET ASSETS 364,272 300,704

RESERVES
Sinking fund 145,000 95,000
Income and expenditure account 219,272 205,704
364,272 300,704

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.

SUNDRIDGE PARK TENNIS & SQUASH LIMITED (REGISTERED NUMBER: 06463696)

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 statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





M J Turner - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 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 14 (2023 - 21 ) .

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 - 273,189 71,028 344,217
Additions 309,794 35,940 19,230 364,964
At 31 March 2024 309,794 309,129 90,258 709,181
DEPRECIATION
At 1 April 2023 - 74,247 43,687 117,934
Charge for year - 18,281 16,436 34,717
At 31 March 2024 - 92,528 60,123 152,651
NET BOOK VALUE
At 31 March 2024 309,794 216,601 30,135 556,530
At 31 March 2023 - 198,942 27,341 226,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,101 14,766
Other debtors 16,666 1,663
31,767 16,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - less than 1 yr 40,833 15,833
Trade creditors 171,196 17,040
Social security and other taxes 2,575 3,435
VAT - 7,048
Other creditors - 4,450
Trustees loan (SPCAS Trust) 209,127 209,127
Deferred income 66,165 66,573
Accrued expenses 17,807 22,424
507,703 345,930

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 -
125,083 55,417

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.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


11 September 2024