Company registration number 09146017 (England and Wales)
WREXHAM TENNIS CENTRE RETAIL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WREXHAM TENNIS CENTRE RETAIL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
WREXHAM TENNIS CENTRE RETAIL LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
457
Current assets
Stocks
-
1,434
Debtors
5
395
701
Cash at bank and in hand
1,986
4,753
2,381
6,888
Creditors: amounts falling due within one year
6
(73,691)
(52,665)
Net current liabilities
(71,310)
(45,777)
Net liabilities
(71,310)
(45,320)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(71,311)
(45,321)
Total equity
(71,310)
(45,320)

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 profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 June 2025 and are signed on its behalf by:
A Gough
Director
Company registration number 09146017 (England and Wales)
WREXHAM TENNIS CENTRE RETAIL LTD
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Wrexham Tennis Centre Retail Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Wrexham Tennis Centre, Plas Coch Road, Wrexham, LL11 2BW.

2.1
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.

2.2
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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4
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.

WREXHAM TENNIS CENTRE RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2
Accounting policies
(Continued)
- 3 -

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:

Plant and equipment
25% and 33% on cost

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.

2.5
Stocks

Stocks 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 stocks to their present location and condition.

 

Stocks 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.

2.6
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.

2.7
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 balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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.

WREXHAM TENNIS CENTRE RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, 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 creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 0). This is because all employment contracts are held with Wrexham Tennis Centre Limited and a salary recharge has been applied.

2024
2023
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
6,051
Disposals
(6,051)
At 30 September 2024
-
0
Depreciation and impairment
At 1 October 2023
5,594
Depreciation charged in the year
314
Eliminated in respect of disposals
(5,908)
At 30 September 2024
-
0
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
457
WREXHAM TENNIS CENTRE RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
(1)
-
0
Other debtors
396
701
395
701
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
524
Trade creditors
348
4,392
Amounts owed to group undertakings
71,034
43,053
Taxation and social security
701
3,166
Other creditors
1,608
1,530
73,691
52,665
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
2024
2023
£
£
Entities with control, joint control or significant influence over the company
1,592
11,490
Settlement of liabilities
Recharge of costs
2024
2023
2024
2023
£
£
£
£
Entities with control, joint control or significant influence over the company
22,000
65,000
48,603
64,248

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
71,034
43,053
WREXHAM TENNIS CENTRE RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
8
Parent company

The parent company of Wrexham Tennis Centre Retail Limited is Wrexham Tennis Centre Limited (02463826) a company registered in England & Wales. The registered address of Wrexham Tennis Centre Limited is Wrexham Tennis Centre, Plas Coch Road, Wrexham, LL11 2BW.

2024-09-302023-10-01falsefalsefalse25 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityJ S AingeJ A WebbMr R BruceM JamesS J DobsonA GoughK McCallL Scott091460172023-10-012024-09-30091460172024-09-30091460172023-09-3009146017core:OtherPropertyPlantEquipment2024-09-3009146017core:OtherPropertyPlantEquipment2023-09-3009146017core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3009146017core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3009146017core:ShareCapital2024-09-3009146017core:ShareCapital2023-09-3009146017core:RetainedEarningsAccumulatedLosses2024-09-3009146017core:RetainedEarningsAccumulatedLosses2023-09-3009146017bus:Director62023-10-012024-09-3009146017core:PlantMachinery2023-10-012024-09-30091460172022-10-012023-09-3009146017core:OtherPropertyPlantEquipment2023-09-3009146017core:OtherPropertyPlantEquipment2023-10-012024-09-3009146017core:CurrentFinancialInstruments2024-09-3009146017core:CurrentFinancialInstruments2023-09-3009146017core:WithinOneYear2024-09-3009146017core:WithinOneYear2023-09-3009146017core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2023-10-012024-09-3009146017core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2022-10-012023-09-3009146017core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2024-09-3009146017bus:PrivateLimitedCompanyLtd2023-10-012024-09-3009146017bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009146017bus:FRS1022023-10-012024-09-3009146017bus:AuditExemptWithAccountantsReport2023-10-012024-09-3009146017bus:Director12023-10-012024-09-3009146017bus:Director22023-10-012024-09-3009146017bus:Director32023-10-012024-09-3009146017bus:Director42023-10-012024-09-3009146017bus:Director52023-10-012024-09-3009146017bus:Director72023-10-012024-09-3009146017bus:Director82023-10-012024-09-3009146017bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP