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REGISTERED NUMBER: 12975096 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WOOD WHARF SPORTS LTD

WOOD WHARF SPORTS LTD (REGISTERED NUMBER: 12975096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOOD WHARF SPORTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: C M Bennett
C R S Wear





REGISTERED OFFICE: Studio 21 Limehouse Cut
46 Morris Road
London
E14 6NQ





REGISTERED NUMBER: 12975096 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

WOOD WHARF SPORTS LTD (REGISTERED NUMBER: 12975096)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,026 12,550

CURRENT ASSETS
Debtors 5 121,499 5,039
Cash at bank 66,857 46,423
188,356 51,462
CREDITORS
Amounts falling due within one year 6 115,779 52,567
NET CURRENT ASSETS/(LIABILITIES) 72,577 (1,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,603

11,445

PROVISIONS FOR LIABILITIES 7 670 2,385
NET ASSETS 80,933 9,060

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 80,833 8,960
SHAREHOLDERS' FUNDS 80,933 9,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





C M Bennett - Director


WOOD WHARF SPORTS LTD (REGISTERED NUMBER: 12975096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Wood Wharf Sports Ltd 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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. The directors have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the company.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents income received from the activities of a sports club.

Turnover is recognised at the point which the right to consideration becomes due.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 profit or loss on a straight line basis over the period of the lease.

WOOD WHARF SPORTS LTD (REGISTERED NUMBER: 12975096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 3,503 7,229 3,391 14,123
DEPRECIATION
At 1 March 2023 362 748 463 1,573
Charge for year 785 1,620 1,119 3,524
At 29 February 2024 1,147 2,368 1,582 5,097
NET BOOK VALUE
At 29 February 2024 2,356 4,861 1,809 9,026
At 28 February 2023 3,141 6,481 2,928 12,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 600 1,435
Other debtors 119,408 -
Directors' current accounts 1,491 3,604
121,499 5,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 19,178 -
Other creditors 65,013 30,927
Directors' current accounts 8,508 20,621
Accrued expenses 23,080 1,019
115,779 52,567

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 670 2,385

Deferred
tax
£   
Balance at 1 March 2023 2,385
Accelerated capital allowances (1,715 )
Balance at 29 February 2024 670

WOOD WHARF SPORTS LTD (REGISTERED NUMBER: 12975096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 8,960
Profit for the year 71,873
At 29 February 2024 80,833

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £7,017.

This loan is interest free and there are no terms attached.