Company registration number 13144908 (England and Wales)
HARROGATE RACQUETS CLUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
HARROGATE RACQUETS CLUB LIMITED
COMPANY INFORMATION
Directors
Mr P Stephenson
Mrs S L Jackson
Mr D Mercer
(Appointed 8 October 2024)
Mrs C Reid
(Appointed 15 April 2024)
Company number
13144908
Registered office
Firs Road
Harrogate
HG2 8HA
HARROGATE RACQUETS CLUB LIMITED
CONTENTS
Page
Directors' report
1
Income and expenditure account
2
Balance sheet
3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
HARROGATE RACQUETS CLUB LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company is to run a members' club offering dedicated facilities for badminton, table tennis and tennis.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P Stephenson
Mrs S L Jackson
Mr D Mercer
(Appointed 8 October 2024)
Mrs C Reid
(Appointed 15 April 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr P Stephenson
Mrs S L Jackson
Director
Director
3 November 2025
HARROGATE RACQUETS CLUB LIMITED
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
2025
2024
£
£
Income
199,488
219,896
Cost of sales
(82,720)
(77,142)
Gross surplus
116,768
142,754
Administrative expenses
(111,725)
(105,437)
Other operating income
-
0
160
Operating surplus
5,043
37,477
Interest receivable and similar income
5,752
4,268
Surplus before taxation
10,795
41,745
Tax on surplus
-
0
-
0
Surplus for the financial year
10,795
41,745

The income and expenditure account has been prepared on the basis that all operations are continuing operations.

HARROGATE RACQUETS CLUB LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,250,276
965,880
Current assets
Stocks
3,777
750
Debtors
5
12,103
8,692
Cash at bank and in hand
131,885
378,143
147,765
387,585
Creditors: amounts falling due within one year
6
(75,569)
(41,788)
Net current assets
72,196
345,797
Net assets
1,322,472
1,311,677
Reserves
Other reserves
1,171,393
1,171,393
Income and expenditure account
151,079
140,284
Total members' funds
1,322,472
1,311,677

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
Mr P Stephenson
Mrs S L Jackson
Director
Director
Company registration number 13144908 (England and Wales)
HARROGATE RACQUETS CLUB LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Other reserves
Income and expenditure
Total
£
£
£
Balance at 1 April 2023
1,171,393
98,539
1,269,932
Year ended 31 March 2024:
Surplus and total comprehensive income
-
41,745
41,745
Balance at 31 March 2024
1,171,393
140,284
1,311,677
Year ended 31 March 2025:
Surplus and total comprehensive income
-
10,795
10,795
Balance at 31 March 2025
1,171,393
151,079
1,322,472
HARROGATE RACQUETS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Accounting policies
Company information

Harrogate Racquets Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Firs Road, Harrogate, HG2 8HA.

1.1
Basis of preparation

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 a mounts 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.

Other income

Revenue from membership is recognised proportionally over the term of the membership.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
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.

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:

Freehold land and buildings
2% Straight Line
Plant and equipment
8.33% to 20% Straight Line

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 surplus or deficit.

The Freehold Land and buildings have been transferred on incorporation of the unincorporated club Harrogate Racquets club at a value of £1m as valued by the directors. This results in an other reserve of £652,250 being the amount by which the valuation exceeded the depreciated Freehold land and buildings in the pre incorporation accounts.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

HARROGATE RACQUETS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
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.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
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.

1.7
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.

HARROGATE RACQUETS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
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.

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 paymen ts 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. A m ounts 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.

1.8
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.9
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
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.

3
Employees

No persons were employed by the company during the year.

2025
2024
Number
Number
Total
0
0
HARROGATE RACQUETS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
1,005,116
51,430
1,056,546
Additions
246,665
79,937
326,602
At 31 March 2025
1,251,781
131,367
1,383,148
Depreciation and impairment
At 1 April 2024
60,102
30,564
90,666
Depreciation charged in the year
25,036
17,170
42,206
At 31 March 2025
85,138
47,734
132,872
Carrying amount
At 31 March 2025
1,166,643
83,633
1,250,276
At 31 March 2024
945,014
20,866
965,880
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
3,557
3,061
Other debtors
8,546
5,631
12,103
8,692
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
75,569
41,788
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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