0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 03036439 2023-05-01 2024-04-30 03036439 2024-04-30 03036439 2023-04-30 03036439 2022-05-01 2023-04-30 03036439 2023-04-30 03036439 2022-04-30 03036439 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03036439 core:PlantMachinery 2023-05-01 2024-04-30 03036439 bus:Director11 2023-05-01 2024-04-30 03036439 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 03036439 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 03036439 core:PlantMachinery 2023-04-30 03036439 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 03036439 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 03036439 core:PlantMachinery 2024-04-30 03036439 core:WithinOneYear 2024-04-30 03036439 core:WithinOneYear 2023-04-30 03036439 core:AfterOneYear 2024-04-30 03036439 core:AfterOneYear 2023-04-30 03036439 core:RetainedEarningsAccumulatedLosses 2024-04-30 03036439 core:RetainedEarningsAccumulatedLosses 2023-04-30 03036439 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 03036439 core:Non-currentFinancialInstruments 2024-04-30 03036439 core:Non-currentFinancialInstruments 2023-04-30 03036439 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 03036439 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 03036439 core:PlantMachinery 2023-04-30 03036439 bus:Director1 2023-05-01 2024-04-30 03036439 bus:SmallEntities 2023-05-01 2024-04-30 03036439 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03036439 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03036439 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 03036439 bus:FullAccounts 2023-05-01 2024-04-30 03036439 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03036439 core:OtherPropertyPlantEquipment 2023-04-30 03036439 core:OtherPropertyPlantEquipment 2024-04-30 03036439 core:AfterOneYear 2023-05-01 2024-04-30 03036439 core:KeyManagementIndividualGroup1 2023-05-01 2024-04-30 03036439 core:KeyManagementIndividualGroup2 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 03036439
Westfield Banks (Sports Complex) Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
Westfield Banks (Sports Complex) Limited
Company Limited by Guarantee
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
91,879
90,817
Investments
7
1
1
--------
--------
91,880
90,818
Current assets
Debtors
8
4,880
8,804
Cash at bank and in hand
9,160
3,629
--------
--------
14,040
12,433
Creditors: amounts falling due within one year
9
2,916
1,738
--------
--------
Net current assets
11,124
10,695
----------
----------
Total assets less current liabilities
103,004
101,513
Creditors: amounts falling due after more than one year
10
86,112
86,112
----------
----------
Net assets
16,892
15,401
----------
----------
Capital and reserves
Profit and loss account
16,892
15,401
--------
--------
Members funds
16,892
15,401
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Westfield Banks (Sports Complex) Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
A S Pinchbeck
Director
Company registration number: 03036439
Westfield Banks (Sports Complex) Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is Westfield Lane, Hook, Goole, DN14 5EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property - 5% straight line
Plant and Machinery - 20% straight line
Solar Panels - 5% straight line
Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The liability of the members is limited to £5.00.
5. Employee numbers
The average number of persons employed by the company during the year, including directors amounted to 4 (2023: 4).
6. Tangible assets
Freehold property
Long leasehold property
Plant and machinery
Solar Panels
Total
£
£
£
£
£
Cost
At 1 May 2023
878,754
56,112
2,270
35,575
972,711
Additions
3,547
3,547
----------
--------
-------
--------
----------
At 30 April 2024
878,754
56,112
5,817
35,575
976,258
----------
--------
-------
--------
----------
Depreciation
At 1 May 2023
878,753
1,362
1,779
881,894
Charge for the year
706
1,779
2,485
----------
--------
-------
--------
----------
At 30 April 2024
878,753
2,068
3,558
884,379
----------
--------
-------
--------
----------
Carrying amount
At 30 April 2024
1
56,112
3,749
32,017
91,879
----------
--------
-------
--------
----------
At 30 April 2023
1
56,112
908
33,796
90,817
----------
--------
-------
--------
----------
7. Investments
Shares in group undertakings
£
Cost
At 1 May 2023 and 30 April 2024
1
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
1
----
At 30 April 2023
1
----
The company's investment in its subsidiary represents the cost of acquisition of 100% of the ordinary share capital of Goole Tennis Centre Limited, a company registered in England and Wales.
8. Debtors
2024
2023
£
£
Trade debtors
4,818
5,409
Other debtors
62
3,395
-------
-------
4,880
8,804
-------
-------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
410
950
Social security and other taxes
57
Other creditors
2,449
788
-------
-------
2,916
1,738
-------
-------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other Loans
86,112
86,112
--------
--------
The original loan of £56,112 is repayable to Goole Rugby Union Football Club. The original loans of £15,000 each are repayable to Goole Rugby Union Football Club and Goole Tennis Centre Limited.
11. Related party transactions
During the year Westfield Banks (Sports Complex) Limited settles the expenses for running the Westfield site and subsequently recharges them on to Goole Rugby Union Football Club and it's subsidiary company, Goole Tennis Centre Limited . Additional charges are made in respect of administration and rental of facilities.