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REGISTERED NUMBER: 04756740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

EAGLES GOLF & TENNIS CENTRE LIMITED

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAGLES GOLF & TENNIS CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: D W Horn





SECRETARY: D W Horn





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 04756740 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,966 13,936
Tangible assets 5 56,541 73,497
63,507 87,433

CURRENT ASSETS
Stocks 38,719 40,352
Debtors 6 71,422 71,189
Cash at bank and in hand 114,128 110,822
224,269 222,363
CREDITORS
Amounts falling due within one year 7 90,254 86,267
NET CURRENT ASSETS 134,015 136,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,522

223,529

CREDITORS
Amounts falling due after more than one
year

8

(31,715

)

(57,286

)

PROVISIONS FOR LIABILITIES (14,100 ) (14,700 )
NET ASSETS 151,707 151,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,607 151,443
SHAREHOLDERS' FUNDS 151,707 151,543

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

BALANCE SHEET - continued
31 JULY 2024


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 director and authorised for issue on 12 February 2025 and were signed by:





D W Horn - Director


EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

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

1. STATUTORY INFORMATION

Eagles Golf & Tennis Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 director believes that the company is well placed to manage its financial risks successfully and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents net invoiced sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003. It is being amortised evenly over its estimated useful life of ten years from the year ended 31 July 2016.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 174,240
AMORTISATION
At 1 August 2023 160,304
Charge for year 6,970
At 31 July 2024 167,274
NET BOOK VALUE
At 31 July 2024 6,966
At 31 July 2023 13,936

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023 189,328
Additions 1,550
At 31 July 2024 190,878
DEPRECIATION
At 1 August 2023 115,831
Charge for year 18,506
At 31 July 2024 134,337
NET BOOK VALUE
At 31 July 2024 56,541
At 31 July 2023 73,497

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023
and 31 July 2024 100,630
DEPRECIATION
At 1 August 2023 38,547
Charge for year 15,521
At 31 July 2024 54,068
NET BOOK VALUE
At 31 July 2024 46,562
At 31 July 2023 62,083

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 5,062 6,662
Other debtors 66,360 64,527
71,422 71,189

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 8,400 8,400
Hire purchase contracts 17,170 16,138
Trade creditors 15,301 19,616
Taxation and social security 35,768 28,502
Other creditors 13,615 13,611
90,254 86,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 7,000 15,400
Hire purchase contracts 24,715 41,886
31,715 57,286

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 15,400 23,800

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
D W Horn
Balance outstanding at start of year 43,621 34,172
Amounts advanced 42,622 49,289
Amounts repaid (45,117 ) (39,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,126 43,621

Interest was charged on the overdrawn directors loan account balance in excess of £10,000 at 2.25%.