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REGISTERED NUMBER: 00112288 (England and Wales)
















Unaudited Financial Statements

for the Period 1st April 2023 to 31st January 2024

for

Fulwood Sports Club Limited

Fulwood Sports Club Limited (Registered number: 00112288)






Contents of the Financial Statements
for the Period 1st April 2023 to 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Statement of Directors' Responsibilities 7

Independent Chartered Accountants' Review Report 8


Fulwood Sports Club Limited

Company Information
for the Period 1st April 2023 to 31st January 2024







DIRECTORS: J P Wragg
Dr S J S Brown
N R Pye Smith
Ms M L Buchanan
Ms H B Wragg
Ms R A Dando
Dr N C Bird
E J Burdall





SECRETARY: Dr N C Bird





REGISTERED OFFICE: Chorley Road
Sheffield
S10 3RL





REGISTERED NUMBER: 00112288 (England and Wales)





ACCOUNTANTS: Hewson & Howson
8 Shepcote Office Village
Shepcote Lane
Sheffield
South Yorkshire
S9 1TG

Fulwood Sports Club Limited (Registered number: 00112288)

Balance Sheet
31st January 2024

31.1.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,028,901 1,025,838

CURRENT ASSETS
Debtors 5 10,804 16,476
Cash at bank and in hand 58,979 83,868
69,783 100,344
CREDITORS
Amounts falling due within one year 6 10,513 48,846
NET CURRENT ASSETS 59,270 51,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,171

1,077,336

CREDITORS
Amounts falling due after more than one
year

7

(45,394

)

(53,439

)

ACCRUALS AND DEFERRED INCOME (38,433 ) (24,963 )
NET ASSETS 1,004,344 998,934

CAPITAL AND RESERVES
Called up share capital 8 2,340 2,380
Revaluation reserve 9 750,907 750,907
Retained earnings 251,097 245,647
1,004,344 998,934

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 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 profit or loss 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.

Fulwood Sports Club Limited (Registered number: 00112288)

Balance Sheet - continued
31st January 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 27th June 2024 and were signed on its behalf by:





N R Pye Smith - Director


Fulwood Sports Club Limited (Registered number: 00112288)

Notes to the Financial Statements
for the Period 1st April 2023 to 31st January 2024

1. STATUTORY INFORMATION

Fulwood Sports Club Limited is a private company, limited by shares , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Freehold property - 1% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Fulwood Sports Club Limited (Registered number: 00112288)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 31st January 2024

2. ACCOUNTING POLICIES - continued

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.
Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Fixtures
property machinery & equipment Totals
£    £    £    £   
COST
At 1st April 2023 1,077,041 176,249 203,529 1,456,819
Additions 20,052 1,215 15,113 36,380
At 31st January 2024 1,097,093 177,464 218,642 1,493,199
DEPRECIATION
At 1st April 2023 190,182 98,964 141,835 430,981
Charge for period 9,437 12,732 11,148 33,317
At 31st January 2024 199,619 111,696 152,983 464,298
NET BOOK VALUE
At 31st January 2024 897,474 65,768 65,659 1,028,901
At 31st March 2023 886,859 77,285 61,694 1,025,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.3.23
£    £   
Other debtors 10,804 16,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.3.23
£    £   
Taxation and social security 61 493
Other creditors 10,452 48,353
10,513 48,846

Fulwood Sports Club Limited (Registered number: 00112288)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 31st January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.3.23
£    £   
Other creditors 45,394 53,439

8. CALLED UP SHARE CAPITAL

During the year, 58 (2023- 50) ordinary shares of £5 each were issued for a consideration of £290 (2023 - £250) and 66 (2023 - 53) ordinary shares of £5 each were cancelled by refund or donation amounting to £330 (2023 - £265).

9. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st January 2024 750,907

10. GRANTS

Deferred income

During the year the company has commenced amortising grants received in respect of squash development. In accordance with the accounting policy, this grant is amortised over the assets' estimated useful lives. An amount of £546 (2023 - £655) has been recognised in this financial year.

During the 2019 year end the company received a grant of £8,500 from National Lawn Tennis Association in respect of redevelopment of the tennis courts. In accordance with the accounting policy, this grant is amortised over the assets' useful lives. An amount of £708 (2023 - £850) has been recognised in this financial year.

During the 2018 year end the company received a grant of £5,000 from Yorkshire Tennis, part of National Lawn Tennis Association in respect of redevelopment of the tennis courts. In accordance with the accounting policy, this grant is amortised over the assets' useful lives. An amount of £417 (2023 - £500) has been recognised in this financial year.

During the 2016 year end, the company received grants from Sport England in respect of the Inspired Facilities programme comprising assistance with capital investment in improving the energy efficiency of squash courts building. The total grant received was £34,951. In accordance with the accounting policy, this grant is amortised over the assets' estimated useful lives. An amount of £1,681 (2023 - £2,017) has been recognised in this financial year.

Fulwood Sports Club Limited (Registered number: 00112288)

Statement of Directors' Responsibilities
for the Period 1st April 2023 to 31st January 2024


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 Directors' Report are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ON BEHALF OF THE BOARD:





N R Pye Smith - Director

27th June 2024

Independent Chartered Accountants' Review Report to the Directors of
Fulwood Sports Club 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 Directors' Report are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Fulwood Sports Club Limited for the period ended 31st January 2024, which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page ten, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility
Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31st January 2024 and of its profit for the period then ended;
- in accordance with United Kingdom Generally Accepted Accounting Practice; and
- in accordance with the requirements of the Companies Act 2006.

Use of our report
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.




Hewson & Howson
8 Shepcote Office Village
Shepcote Lane
Sheffield
South Yorkshire
S9 1TG



Independent Chartered Accountants' Review Report to the Directors of
Fulwood Sports Club Limited

27th June 2024