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REGISTERED NUMBER: 03617475 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KEMP TOWN TENNIS CLUB LIMITED

KEMP TOWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 03617475)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEMP TOWN TENNIS CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: B K Chotai
B K Chotai





REGISTERED OFFICE: Westminster House
Bolton Close
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1PH





REGISTERED NUMBER: 03617475 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

KEMP TOWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 03617475)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 219,749 222,358

CURRENT ASSETS
Debtors 5 - 604
Cash at bank 40,915 27,227
40,915 27,831
CREDITORS
Amounts falling due within one year 6 (296,024 ) (295,462 )
NET CURRENT LIABILITIES (255,109 ) (267,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,360

)

(45,273

)

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings (35,660 ) (45,573 )
SHAREHOLDERS' FUNDS (35,360 ) (45,273 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





B K Chotai - Director


KEMP TOWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 03617475)

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

1. STATUTORY INFORMATION

Kemp Town Tennis Club Limited 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.

The directors have considered whether the financial statements have been properly prepared on the going concern basis in the light of the loss for the year and the deficit of assets over liabilities at the end of the year. As the company continues to have the full support of its creditors.

Turnover
Turnover represents rent received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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).

KEMP TOWN TENNIS CLUB LIMITED (REGISTERED NUMBER: 03617475)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 September 2023
and 31 August 2024 286,749
DEPRECIATION
At 1 September 2023 64,391
Charge for year 2,609
At 31 August 2024 67,000
NET BOOK VALUE
At 31 August 2024 219,749
At 31 August 2023 222,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19 20
Amounts owed to group undertakings 45,062 44,699
Other creditors 250,943 250,743
296,024 295,462

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 300 300

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the year end the company owed the directors £167,280 (2023: £167,080). It is with this support that the company is considered to be a going concern. The directors have indicated that they will continue to support the company for the foreseeable future, and will not request repayment of the loan within the next 12 months.

9. ULTIMATE CONTROLLING PARTY

Ultimate control lies with the directors B K Chotai and B K Chotai.