Company registration number 06709195 (England and Wales)
GERRARDS CROSS SQUASH CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
GERRARDS CROSS SQUASH CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GERRARDS CROSS SQUASH CLUB LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6
6
Current assets
Debtors
4
1,243
-
0
Cash at bank and in hand
45,687
62,793
46,930
62,793
Creditors: amounts falling due within one year
5
(34,844)
(46,542)
Net current assets
12,086
16,251
Net assets
12,092
16,257
Reserves
Income and expenditure account
12,092
16,257
Total members' funds
12,092
16,257

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 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.

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

The directors of the company have 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 5 June 2025 and are signed on its behalf by:
Mr R Gulati
Director
Company registration number 06709195 (England and Wales)
GERRARDS CROSS SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Gerrards Cross Squash Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QE.

 

Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

 

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 £.

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.

1.2
Income

Income represents the amounts received in respect of membership fees, tournament fees, and ancillary services such as card keys and telephone etc.

1.3
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:

Fixtures and fittings
25% on cost
Computers
25% on cost
1.4
Taxation

The company, a community registered amateur sports club, for tax purposes is considered a mutually trading company for the benefit of its members.

 

No liability to UK corporation tax arose on ordinary activities for the year ended 30 September 2024.

A liability to corporation tax did arise in the year in respect of bank interest receivable.

1.5
Provisions

Provisions for the courts maintenance program and roof repairs are accounted for on an accrual basis.

1.6

Other operating income

Other operating income includes grants from the local council, donations and other contributions from members.

GERRARDS CROSS SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
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
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
9,168
3,312
12,480
Depreciation and impairment
At 1 October 2023 and 30 September 2024
9,166
3,308
12,474
Carrying amount
At 30 September 2024
2
4
6
At 30 September 2023
2
4
6

The squash club and changing rooms are situated on land belonging to the Gerrards Cross Community Association. The Gerrards Cross Squash Club Limited are tenants at the will of the Association.

 

No depreciation has been provided on the original costs of the building of the squash courts and changing rooms, including subsequent alterations.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,243
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
25,681
Corporation tax
281
-
0
Accruals and deferred income
34,563
20,861
34,844
46,542
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