REGISTERED NUMBER: 07751854 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Falcons Community Sport Centre

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D J Beagley

Miss K Venner

REGISTERED OFFICE:

Tarka Tennis Centre

Seven Brethren Bank

Stiklepath

Barnstaple

Devon

EX31 2AS

REGISTERED NUMBER:

07751854 (England and Wales)

ACCOUNTANTS:

KRPM Business Solutions Limited

Little Bursdon

Hartland

Bideford

Devon

EX39 6HB

FIXED ASSETS

Tangible assets

4

783,712

788,118

CURRENT ASSETS

Debtors

5

-

3,600

Cash at bank

8,741

2,474

8,741

6,074

CREDITORS

Amounts falling due within one year

6

7,661

7,782

NET CURRENT ASSETS/(LIABILITIES)

1,080

(1,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

784,792

786,410

CREDITORS

Amounts falling due after more than one year

7

33,250

53,659

NET ASSETS

751,542

732,751

RESERVES

Income and expenditure account

751,542

732,751

751,542

732,751

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 surplus or deficit 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 30 October 2025 and were signed on its behalf by:

Mrs D J Beagley - Director

1.	STATUTORY INFORMATION

Falcons Community Sport Centre 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

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.

Plant and machinery etc

-

15% on reducing balance

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 surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

752,973

139,904

892,877

Additions

-

1,018

1,018

At 31 March 2025

752,973

140,922

893,895

DEPRECIATION

At 1 April 2024

-

104,759

104,759

Charge for year

-

5,424

5,424

At 31 March 2025

-

110,183

110,183

NET BOOK VALUE

At 31 March 2025

752,973

30,739

783,712

At 31 March 2024

752,973

35,145

788,118

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

3,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

986

1,548

Taxation and social security

530

345

Other creditors

6,145

5,889

7,661

7,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

33,250

53,659