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REGISTERED NUMBER: 01910054 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

EXCEL TENNIS LIMITED

EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

EXCEL TENNIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: C D Smith
Mrs C A Smith
S Smith





SECRETARY: C D Smith





REGISTERED OFFICE: Coney Burrow
Charlcombe Way
Bath
BA1 6IZ





REGISTERED NUMBER: 01910054 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,043 51,991
Investments 5 163,298 111,020
206,341 163,011

CURRENT ASSETS
Debtors 6 320,938 327,369
Cash at bank 1,556,259 1,462,663
1,877,197 1,790,032
CREDITORS
Amounts falling due within one year 7 591,593 626,486
NET CURRENT ASSETS 1,285,604 1,163,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,945

1,326,557

PROVISIONS FOR LIABILITIES 7,441 30,615
NET ASSETS 1,484,504 1,295,942

EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

BALANCE SHEET - continued
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 13,000 13,000
Share Premium 41,400 41,400
Capital redemption reserve 5,100 5,100
Retained earnings 1,425,004 1,236,442
SHAREHOLDERS' FUNDS 1,484,504 1,295,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 18 August 2024 and were signed on its behalf by:





Mrs C A Smith - Director


EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Excel Tennis 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 as modified by the revaluation of certain assets.

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.
Leasehold improvements - in accordance with the property
Plant and machinery - 12.5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year 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.


EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 27 ) .

EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 162,975 105,232 39,552 7,084 314,843
Additions in Year - - - 1,791 1,791
Disposals in Year - - (4,064 ) - (4,064 )
At 30 September 2023 162,975 105,232 35,488 8,875 312,570
DEPRECIATION
At 1 October 2022 162,975 72,098 25,832 1,947 262,852
Charge for year - 4,142 2,744 769 7,655
Eliminated on Disposal - - - (980 ) (980 )
At 30 September 2023 162,975 76,240 28,576 1,736 269,527
NET BOOK VALUE
At 30 September 2023 - 28,992 6,912 7,139 43,043
At 30 September 2022 - 33,134 13,720 5,137 51,991

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 111,020
Additions 67,965
Disposals (8,515 )
Revaluations (7,172 )
At 30 September 2023 163,298
NET BOOK VALUE
At 30 September 2023 163,298
At 30 September 2022 111,020

EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2023 163,298

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed by associates 320,000 320,000
Prepayments 938 7,369
320,938 327,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Corporation tax 45,166 61,293
Social security and other taxes 19,758 6,183
VAT 26,009 54,818
Other creditors 660 -
Accrued Expenses 500,000 504,192
591,593 626,486

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
13,000 Ordinary £1 13,000 13,000

EXCEL TENNIS LIMITED (REGISTERED NUMBER: 01910054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. RELATED PARTY DISCLOSURES

At the year end the loan to Transatlantic Realty Limited, a company controlled by the director S. Smith,
had a balance of £190,000 (2022: £190,000) outstanding. The loan is interest free, unsecured and carries
no fixed date of repayment.

During 2022 the company made a loan of £130,000 to Bath STL Limited, a company controlled by the
director S. Smith. At the year end there was a balance of £130,000 (2022: £130,000) outstanding. The
loan is interest free, unsecured and carries no fixed date of repayment.

10. ULTIMATE CONTROLLING PARTY

The directors are the controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EXCEL TENNIS 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 Excel Tennis Limited for the year ended 30 September 2023 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 Excel Tennis 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 Excel Tennis Limited and state those matters that we have agreed to state to the Board of Directors of Excel Tennis 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 Excel Tennis Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Excel Tennis 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 Excel Tennis Limited. You consider that Excel Tennis 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 Excel Tennis 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.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL



CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EXCEL TENNIS LIMITED


19 August 2024