REGISTERED NUMBER: 08761408 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Stourbridge Lawn Tennis and Squash Club

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Bartlett

Mr N Carter

Mr S P G Davis

Mr R J Hunt

Mr S Hunter

Mr P Mumby

Mr P R Barnsley

Miss A Goodby

SECRETARY:

R Speake

REGISTERED OFFICE:

Sugar Loaf Lane

Iverley

Stourbridge

West Midlands

DY7 6PS

REGISTERED NUMBER:

08761408 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,469,302

1,510,262

CURRENT ASSETS

Stocks

8,767

9,364

Debtors

324,719

343,435

Cash at bank and in hand

210,555

170,002

544,041

522,801

CREDITORS

Amounts falling due within one year

501,030

471,834

NET CURRENT ASSETS

43,011

50,967

TOTAL ASSETS LESS CURRENT LIABILITIES

1,512,313

1,561,229

CREDITORS

Amounts falling due after more than one year

(95,192

)

(136,209

)

PROVISIONS FOR LIABILITIES

6

(20,750

)

(22,350

)

NET ASSETS

1,396,371

1,402,670

RESERVES

Retained earnings

1,396,371

1,402,670

MEMBERS' FUNDS

1,396,371

1,402,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 September 2025 and were signed on its behalf by:

Mr P R Barnsley - Director

1.	STATUTORY INFORMATION

Stourbridge Lawn Tennis and Squash Club Limited is a private company, limited by guarantee , 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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and VAT. The following criteria must also be met before revenue is recognised:

Subscriptions - Revenue is recognised in the period in which the membership relates.

Grant - Amounts received in respect of capital expenditure are treated as deferred income and are credited to the income and expenditure account over the estimated useful life of the asset to which they relate.

Tangible fixed assets

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

Clubhouse and other assets

-

at varying rates on cost

Tennis courts and surrounds

-

10% on cost

Gym and gym equipment

-

at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 24 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

2,223,421

Additions

49,171

At 31 March 2025

2,272,592

DEPRECIATION

At 1 April 2024

713,159

Charge for year

90,131

At 31 March 2025

803,290

NET BOOK VALUE

At 31 March 2025

1,469,302

At 31 March 2024

1,510,262

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

130,192

165,209

The Lloyds Bank plc loan is secured on a fixed and floating charge on the freehold land and buildings created 23rd December 2013.

6.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Other provisions

20,750

22,350

7.	LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of a liquidation.