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Registered number: 07834828










FULLBROOK SPORTS CENTRE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FULLBROOK SPORTS CENTRE LIMITED
REGISTERED NUMBER: 07834828

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,693
17,256

Cash at bank and in hand
  
12,459
20,414

  
29,152
37,670

Creditors: amounts falling due within one year
 5 
(35,049)
(37,669)

Net current (liabilities)/assets
  
 
 
(5,897)
 
 
1

Total assets less current liabilities
  
(5,897)
1

  

Net (liabilities)/assets
  
(5,897)
1


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(5,898)
-

  
(5,897)
1


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 December 2024.




C L Borgars
Director

The notes on pages 7 to 10 form part of these financial statements.

Page 5

 
FULLBROOK SPORTS CENTRE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2022
1
231
232



Profit for the year
-
80,329
80,329

Distribution of profit to parents undertaking
-
(80,560)
(80,560)



At 1 September 2023
1
-
1



Profit for the year
-
86,382
86,382

Distribution of profit to parents undertaking
-
(92,280)
(92,280)


At 31 August 2024
1
(5,898)
(5,897)


The notes on pages 7 to 10 form part of these financial statements.

Page 6

 
FULLBROOK SPORTS CENTRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Company is a private company, limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of its registered office is Fullbrook, Selsdon Road, New Haw, Addlestone, Surrey, KT12 3HW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 7

 
FULLBROOK SPORTS CENTRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

  
2.6

Financial Instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneousl
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The Company has no employees other than directors, who did not receive any remuneration (2023: £nil). 

Page 8

 
FULLBROOK SPORTS CENTRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Debtors

2024
2023
£
£


Trade debtors
5,200
5,806

Prepayments and accrued income
11,493
11,450

16,693
17,256



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
24,025
-

Other creditors
132
-

Accruals and deferred income
10,892
37,669

35,049
37,669



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



7.


Related party transactions

The Company has taken advantage of the exemptions within FRS 102 not to report related party transactions with group companies on the grounds that consolidated financial statements are prepared by the parent company and are publically available.
The parent of both the largest and smallest group for which group accounts including Fullbrook Sports Centre Limited are drawn up is Learning Partners Academy Trust (company number 08303773). Copies of these accounts may be obtained from www.learningpartners.org.


8.


Controlling party

The immediate and ultimate parent company and controlling party is Learning Partners Academy Trust, a private limited company by guarantee without share capital. The address of its registered office is Guildford County School, Farnham Road, Guildford, Surrey, GU2 4LU.

Page 9

 
FULLBROOK SPORTS CENTRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 August 2024 was unqualified.

The audit report was signed on 18 December 2024 by Alexander Peal BSc(Hons) FCA DChA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.


Page 10