Ashford Sports Club Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 00171652 (England and Wales)
Ashford Sports Club Limited
Company Information
Directors
D Dias
C Evans
S Winson
L Claremont
R Ranger
K Robinson
K Nash
D Brant
M Roper
Secretary
K Robinson
Company number
00171652
Registered office
The Pavilion
Woodthorpe Road
Ashford
Middlesex
TW15 3JX
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
United Kingdom
Ashford Sports Club Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Ashford Sports Club Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
958,474
997,752
Current assets
Debtors
4
45,042
436
Cash at bank and in hand
73,284
99,549
118,326
99,985
Creditors: amounts falling due within one year
5
(103,873)
(90,889)
Net current assets
14,453
9,096
Total assets less current liabilities
972,927
1,006,848
Creditors: amounts falling due after more than one year
6
(314,972)
(334,942)
Net assets
657,955
671,906
Capital and reserves
Called up share capital
7
1,987
1,987
Profit and loss reserves
655,968
669,919
Total equity
657,955
671,906
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ashford Sports Club Limited
Balance Sheet (Continued)
As at 31 March 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 13 March 2025 and are signed on its behalf by:
D Dias
Director
Company Registration No. 00171652
Ashford Sports Club Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 3
1
Accounting policies
Company information
Ashford Sports Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Pavilion Woodthorpe Road, Ashford, Middlesex, TW15 3JX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
1.3
Turnover
Turnover represents the invoiced value of rental income net of value added tax.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land
nil
Pavilion
2% straight line
Plant and machinery
25% straight line
Bar and other equipment
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.6
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
Ashford Sports Club Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 4
1.7
Financial instruments
Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at a fair value.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.10
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
Ashford Sports Club Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
2,016,941
74,030
2,090,971
Depreciation and impairment
At 1 April 2023
1,027,138
66,081
1,093,219
Depreciation charged in the year
39,003
275
39,278
At 31 March 2024
1,066,141
66,356
1,132,497
Carrying amount
At 31 March 2024
950,800
7,674
958,474
At 31 March 2023
989,803
7,949
997,752
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
45,042
212
Prepayments and accrued income
224
45,042
436
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,774
300
Other creditors
82,642
71,132
Accruals and deferred income
19,457
19,457
103,873
90,889
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
314,972
334,942
Ashford Sports Club Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
(Continued)
Page 6
Other long term creditors relate to deferred government grant income. Within the total shown, £235,068 (2023: £255,042) relates to government grants that are deferred for more than five years.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1,987
1,987
1,987
1,987
8
Parent company
The directors do not consider there to be one single controlling party.