Company registration number 01857582 (England and Wales)
CHISWICK TENNIS CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CHISWICK TENNIS CLUB LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
CHISWICK TENNIS CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
6,792
8,448
Current assets
Inventories
100
100
Trade and other receivables
4
12,540
10,190
Cash and cash equivalents
62,286
51,739
74,926
62,029
Current liabilities
5
(1,584)
(3,622)
Net current assets
73,342
58,407
Net assets
80,134
66,855
Reserves
Income and expenditure account
80,134
66,855
Total members' funds
80,134
66,855

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
H Burwood
Director
Company registration number 01857582 (England and Wales)
CHISWICK TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Chiswick Tennis Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Parkshot, Richmond, Surrey, TW9 2RD.

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 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 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
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Property, plant and equipment

Property, plant and equipment 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:

Land and buildings
straight line 6.67%
Plant and machinery
reducing balance 14.3%
Fixtures, fittings & equipment
reducing balance 20%
Computer equipment
reducing balance 14.3%

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 surplus or deficit.

1.4
Impairment of non-current 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.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

CHISWICK TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

 

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CHISWICK TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Property, plant and equipment
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
87,173
68,013
155,186
Depreciation and impairment
At 1 October 2023
87,173
59,565
146,738
Depreciation charged in the year
-
0
1,656
1,656
At 30 September 2024
87,173
61,221
148,394
Carrying amount
At 30 September 2024
-
0
6,792
6,792
At 30 September 2023
-
0
8,448
8,448
CHISWICK TENNIS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
4
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Other receivables
12,540
10,190
5
Current liabilities
2024
2023
£
£
Trade payables
-
0
2,086
Other payables
1,584
1,536
1,584
3,622
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

2024-09-302023-10-01falsefalsefalse10 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityJ LucasH Burwood018575822023-10-012024-09-30018575822024-09-30018575822023-09-3001857582core:LandBuildings2024-09-3001857582core:OtherPropertyPlantEquipment2024-09-3001857582core:LandBuildings2023-09-3001857582core:OtherPropertyPlantEquipment2023-09-3001857582core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3001857582core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3001857582core:CurrentFinancialInstruments2024-09-3001857582core:CurrentFinancialInstruments2023-09-3001857582core:RetainedEarningsAccumulatedLosses2024-09-3001857582core:RetainedEarningsAccumulatedLosses2023-09-3001857582bus:Director22023-10-012024-09-3001857582core:LandBuildingscore:OwnedOrFreeholdAssets2023-10-012024-09-3001857582core:PlantMachinery2023-10-012024-09-3001857582core:FurnitureFittings2023-10-012024-09-3001857582core:ComputerEquipment2023-10-012024-09-30018575822022-10-012023-09-3001857582core:LandBuildings2023-09-3001857582core:OtherPropertyPlantEquipment2023-09-30018575822023-09-3001857582core:LandBuildings2023-10-012024-09-3001857582core:OtherPropertyPlantEquipment2023-10-012024-09-3001857582core:WithinOneYear2024-09-3001857582core:WithinOneYear2023-09-3001857582bus:CompanyLimitedByGuarantee2023-10-012024-09-3001857582bus:FRS1022023-10-012024-09-3001857582bus:AuditExemptWithAccountantsReport2023-10-012024-09-3001857582bus:Director12023-10-012024-09-3001857582bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001857582bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP