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REGISTERED NUMBER: 02010377 (England and Wales)










Bryn Estyn Badminton Centre Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Bryn Estyn Badminton Centre Limited (Registered number: 02010377)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bryn Estyn Badminton Centre Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Ms S Forrest
Mr J Whiteley
Mrs K V Jones
Ms R D Owen
W G Evans





SECRETARY: Mrs P C Gibbons





REGISTERED OFFICE: 2 Plas Tudno
Penrhyn Bay
Llandudno
Conwy
LL30 3ER





REGISTERED NUMBER: 02010377 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Bryn Estyn Badminton Centre Limited (Registered number: 02010377)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,847 15,172
Investment property 5 200,000 200,000
212,847 215,172

CURRENT ASSETS
Debtors 6 3,465 3,315
Cash at bank and in hand 60,516 55,097
63,981 58,412
CREDITORS
Amounts falling due within one year 7 2,513 2,471
NET CURRENT ASSETS 61,468 55,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,315

271,113

PROVISIONS FOR LIABILITIES 31,422 30,980
NET ASSETS 242,893 240,133

RESERVES
Fair value reserve 8 120,120 120,120
Income and expenditure account 122,773 120,013
242,893 240,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by:





Mr J Whiteley - Director


Bryn Estyn Badminton Centre Limited (Registered number: 02010377)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Bryn Estyn Badminton Centre Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received from clubs and organisations for the use of the Company's facilities together with other services provided.

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 - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

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.

3. EMPLOYEES AND DIRECTORS

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

Bryn Estyn Badminton Centre Limited (Registered number: 02010377)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 34,806
DEPRECIATION
At 1 May 2023 19,634
Charge for year 2,325
At 30 April 2024 21,959
NET BOOK VALUE
At 30 April 2024 12,847
At 30 April 2023 15,172

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 200,000
NET BOOK VALUE
At 30 April 2024 200,000
At 30 April 2023 200,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 200,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 75,367 75,367
Aggregate depreciation (23,644 ) (23,644 )

Investment property was valued on an open market basis on 28 November 2016 by Geoffrey Butterworth Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,869 1,889
Other debtors 1,596 1,426
3,465 3,315

Bryn Estyn Badminton Centre Limited (Registered number: 02010377)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,293 1,430
Other creditors 1,220 1,041
2,513 2,471

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 120,120

Fair value
The fair value reserve includes any fair value adjustments recognised for current and prior years, which are unavailable for distribution.

Retained earnings
The retained earnings reserve includes all current and prior period retained profits and losses, which remain available but are undistributed at the reporting date.