PARKTENNIS C.I.C.

Company Registration Number:
09240044 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

PARKTENNIS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PARKTENNIS C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 169
Cash at bank and in hand: 145 1,040
Total current assets: 314 1,040
Creditors: amounts falling due within one year: 4 ( 5,824 ) ( 5,999 )
Net current assets (liabilities): (5,510) (4,959)
Total assets less current liabilities: (5,510) ( 4,959)
Total net assets (liabilities): (5,510) (4,959)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (5,610 ) (5,059 )
Total Shareholders' funds: ( 5,510 ) (4,959)

The notes form part of these financial statements

PARKTENNIS C.I.C.

Balance sheet statements

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: John Redemeyer
Status: Director

The notes form part of these financial statements

PARKTENNIS C.I.C.

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 is measured at the fair value of the consideration or receivable, excluding discounts, rebates, value added tax and other sales

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment -25% on cost

    Other accounting policies

    Basis of preparing the financial statements At the balance sheet date current liabilities exceeded current assets by £5,510 (2022: £4,959). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due. Financial instruments Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

PARKTENNIS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

PARKTENNIS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 169
Total 169

PARKTENNIS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 1,752 1,727
Other creditors 4,072 4,272
Total 5,824 5,999

COMMUNITY INTEREST ANNUAL REPORT

PARKTENNIS C.I.C.

Company Number: 09240044 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Parktennis has continued through 2023 and continues to operate a number of venues. Each event is a weekly free tennis event that caters for players of all ages and abilities and is run by a team of volunteers. Parktennis CIC benefits the community in the following ways: Provides a free tennis event for the community with equipment provided Encourages volunteering and provides volunteer training Mentored local young coaches Increases participation at community venues

Consultation with stakeholders

The stakeholders in Parktennis include the councils we partner, volunteers who run the events, the local communities, the LTA, our sponsors and facility operators. We hold biannual meetings with the council and volunteer teams to discuss our partnership and how we can improve the current events moving forward. We have an app with helps with the tracking participation. We send out surveys to all participants to collect feedback on our events.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 September 2024

And signed on behalf of the board by:
Name: John redemeyer
Status: Director