Draycott Sports Centre Limited 30/06/2025 iXBRL

Company registration number: 01061919

Draycott Sports Centre Limited

Company limited by guarantee

Unaudited filleted financial statements

30 June 2025

Draycott Sports Centre Limited

Company limited by guarantee

Contents

Statement of financial position

Notes to the financial statements

Draycott Sports Centre Limited

Company limited by guarantee

Statement of financial position

30th June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	226,413		204,550
		_______		_______
			226,413		204,550

Current assets
Stocks		2,784		2,765
Debtors	7	3,463		2,344
Cash at bank and in hand		91,409		87,127
		_______		_______
		97,656		92,236
Creditors: amounts falling due
within one year	8	( 107,294)		( 66,961)
		_______		_______
Net current (liabilities)/assets			( 9,638)		25,275
			_______		_______
Total assets less current liabilities			216,775		229,825

Creditors: amounts falling due
after more than one year	9		( 119,804)		( 140,644)
			_______		_______
Net assets			96,971		89,181
			_______		_______

Capital and reserves
Profit and loss account			96,971		89,181
			_______		_______
Members funds			96,971		89,181
			_______		_______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 October 2025 , and are signed on behalf of the board by:

V A Ridlington M Heath

Director Director

Company registration number: 01061919

Draycott Sports Centre Limited

Company limited by guarantee

Notes to the financial statements

Year ended 30th June 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Cresswell Lane, Draycott, Stoke-on-Trent, Staffordshire, ST11 9AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	No depreciation on land, buildings over 40 years
Tennis courts	-	10 %	straight line
Fittings fixtures and equipment	-	Between 4 & 8 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Limited by guarantee

The Company is limited by guarantee and does not have a share capital. Each member undertakes to contribute to the assets of the Company in the event of the same being wound up while a member or within one year after ceasing to be a member for payment of the debts and liabilities of the Company contracted prior to ceasing being a member for a sum not exceeding five pounds.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 8 ).

6. Tangible assets

	Freehold property	Tennis courts	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1st July 2024	487,453	202,500	179,713	869,666
Additions	44,949	-	774	45,723
	_______	_______	_______	_______
At 30th June 2025	532,402	202,500	180,487	915,389
	_______	_______	_______	_______
Depreciation
At 1st July 2024	310,445	189,581	165,090	665,116
Charge for the year	13,188	5,125	5,547	23,860
	_______	_______	_______	_______
At 30th June 2025	323,633	194,706	170,637	688,976
	_______	_______	_______	_______
Carrying amount
At 30th June 2025	208,769	7,794	9,850	226,413
	_______	_______	_______	_______
At 30th June 2024	177,008	12,919	14,623	204,550
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Other debtors	3,463	2,344
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,112	6,755
Trade creditors	69,586	14,907
Social security and other taxes	1,799	1,245
Other creditors	28,797	44,054
	_______	_______
	107,294	66,961
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	93,461	101,205
Other creditors	26,343	39,439
	_______	_______
	119,804	140,644
	_______	_______