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REGISTERED NUMBER: 07751854 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Falcons Community Sport Centre

Falcons Community Sport Centre (Registered number: 07751854)






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


Falcons Community Sport Centre

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs D J Beagley
Miss K Venner





REGISTERED OFFICE: Tarka Tennis Centre
Seven Brethren Centre
Barnstaple
Devon
EX31 2AS





REGISTERED NUMBER: 07751854 (England and Wales)





ACCOUNTANTS: KRPM Business Solutions Limited
Little Bursdon
Hartland
Bideford
Devon
EX39 6HB

Falcons Community Sport Centre (Registered number: 07751854)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 788,118 793,189

CURRENT ASSETS
Debtors 5 3,600 512
Cash at bank 2,474 5,270
6,074 5,782
CREDITORS
Amounts falling due within one year 6 7,782 2,995
NET CURRENT (LIABILITIES)/ASSETS (1,708 ) 2,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,410

795,976

CREDITORS
Amounts falling due after more than
one year

7

53,659

72,798
NET ASSETS 732,751 723,178

RESERVES
Income and expenditure account 732,751 723,178
732,751 723,178

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.

Falcons Community Sport Centre (Registered number: 07751854)

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 20 November 2024 and were signed on its behalf by:





Mrs D J Beagley - Director


Falcons Community Sport Centre (Registered number: 07751854)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Falcons Community Sport Centre 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 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.
Plant and machinery etc - 15% 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.

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 surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Falcons Community Sport Centre (Registered number: 07751854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 752,973 138,773 891,746
Additions - 1,131 1,131
At 31 March 2024 752,973 139,904 892,877
DEPRECIATION
At 1 April 2023 - 98,557 98,557
Charge for year - 6,202 6,202
At 31 March 2024 - 104,759 104,759
NET BOOK VALUE
At 31 March 2024 752,973 35,145 788,118
At 31 March 2023 752,973 40,216 793,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,600 -
Other debtors - 512
3,600 512

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,548 2,645
Taxation and social security 345 -
Other creditors 5,889 350
7,782 2,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 53,659 72,798