REGISTERED NUMBER: 01910054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EXCEL TENNIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

C D Smith

Mrs C A Smith

S Smith

SECRETARY:

C D Smith

REGISTERED OFFICE:

Coney Burrow

Charlcombe Way

Bath

BA1 6IZ

REGISTERED NUMBER:

01910054 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Tangible assets

4

47,082

43,043

Investments

5

173,398

163,378

Investment property

6

410,513

-

630,993

206,421

CURRENT ASSETS

Debtors

7

410,030

320,858

Cash at bank

607,361

1,556,259

1,017,391

1,877,117

CREDITORS

Amounts falling due within one year

8

160,947

591,593

NET CURRENT ASSETS

856,444

1,285,524

TOTAL ASSETS LESS CURRENT LIABILITIES

1,487,437

1,491,945

PROVISIONS FOR LIABILITIES

11,818

7,441

NET ASSETS

1,475,619

1,484,504

CAPITAL AND RESERVES

Called up share capital

9

13,000

13,000

Share Premium

41,400

41,400

Capital redemption reserve

5,100

5,100

Retained earnings

1,416,119

1,425,004

SHAREHOLDERS' FUNDS

1,475,619

1,484,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:

Mrs C A Smith - Director

1.	STATUTORY INFORMATION

Excel Tennis 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

in accordance with the property

Plant and machinery

-

12.5% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 October 2023

162,975

105,232

39,552

Additions in Year

-

2,833

-

At 30 September 2024

162,975

108,065

39,552

DEPRECIATION

At 1 October 2023

162,975

76,240

28,576

Charge for year

-

3,978

2,195

At 30 September 2024

162,975

80,218

30,771

NET BOOK VALUE

At 30 September 2024

-

27,847

8,781

At 30 September 2023

-

28,992

10,976

Motor

Computer

Vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

-

4,811

312,570

Additions in Year

8,999

994

12,826

At 30 September 2024

8,999

5,805

325,396

DEPRECIATION

At 1 October 2023

-

1,736

269,527

Charge for year

1,800

814

8,787

At 30 September 2024

1,800

2,550

278,314

NET BOOK VALUE

At 30 September 2024

7,199

3,255

47,082

At 30 September 2023

-

3,075

43,043

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

80

163,298

163,378

Additions

96

27,842

27,938

Disposals

-

(29,916

)

(29,916

)

Revaluations

-

11,998

11,998

At 30 September 2024

176

173,222

173,398

NET BOOK VALUE

At 30 September 2024

176

173,222

173,398

At 30 September 2023

80

163,298

163,378

Cost or valuation at 30 September 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2023

-

173,222

173,222

Valuation in 2024

176

-

176

176

173,222

173,398

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

410,513

At 30 September 2024

410,513

NET BOOK VALUE

At 30 September 2024

410,513

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Amounts owed by group undertakings

222,384

130,000

Amounts owed by associates

190,000

190,000

Amounts owed by associates

(8,064

)

-

Prepayments

5,710

858

410,030

320,858

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Corporation tax

18,580

45,166

Social security and other taxes

24,553

19,759

VAT

17,154

26,009

Other creditors

660

660

Accrued Expenses

100,000

499,999

160,947

591,593

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

13,000

Ordinary

£1

13,000

13,000

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Excel Tennis Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Excel Tennis Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Excel Tennis Limited and state those matters that we have agreed to state to the Board of Directors of Excel Tennis Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Excel Tennis Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Excel Tennis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Excel Tennis Limited. You consider that Excel Tennis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Excel Tennis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

Date: .............................................