| THE MIDDLETON SPORTS CLUB LIMITED |
| Registered number: |
00426559 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
225,305 |
|
|
209,541 |
|
| Current assets |
| Stocks |
|
|
3,999 |
|
|
3,598 |
| Debtors |
4 |
|
2,099 |
|
|
617 |
| Cash at bank and in hand |
|
|
319,080 |
|
|
327,738 |
|
|
|
325,178 |
|
|
331,953 |
|
| Creditors: amounts falling due within one year |
5 |
|
(115,051) |
|
|
(114,867) |
|
| Net current assets |
|
|
|
210,127 |
|
|
217,086 |
|
| Total assets less current liabilities |
|
|
|
435,432 |
|
|
426,627 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(5,868) |
|
|
(16,852) |
|
| Net assets |
|
|
|
429,564 |
|
|
409,775 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Income and expenditure |
|
|
|
326,587 |
|
|
311,432 |
| reserve |
| Tennis reserve |
7 |
|
|
45,516 |
|
|
44,056 |
| Gym reserve |
8 |
|
|
35,461 |
|
|
38,287 |
| Bowls reserve |
9 |
|
|
9,000 |
|
|
7,000 |
| Squash reserve |
10 |
|
|
9,000 |
|
|
7,000 |
| Cricket reserve |
11 |
|
|
4,000 |
|
|
2,000 |
|
| Shareholders' funds |
|
|
|
429,564 |
|
|
409,775 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies. |
|
|
| R V Ormsby |
| Director |
| Approved by the board on 20 October 2025 |
|
| THE MIDDLETON SPORTS CLUB LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
2% net book value buildings |
|
Plant and machinery |
over three and five years |
|
Fixtures, fittings and equipment |
over three years |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated realisable value. |
|
|
Subscriptions |
|
Subscriptions are renewable 1 April and any subscriptions due but unpaid at the year end in respect of the year ended 31 March 2024 are assumed irrecoverable. Subscriptions received in advance of the coming year are carried forward. |
|
|
Value added tax |
|
Value added tax incurred and attributed to exempt activities of the club is non-recoverable and is therefore charged together with the corresponding item of expenditure. Value added tax incurred on expenditure not attributable to exempt or vatable activities is apportioned pro rata and the non-recoverable element written off to income and expenditure. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Leased assets |
|
The company has operating leases and payments are recognised as an expense over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
8 |
|
8 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
261,384 |
|
238,588 |
|
121,012 |
|
620,984 |
|
Additions |
- |
|
55,094 |
|
- |
|
55,094 |
|
At 31 March 2025 |
261,384 |
|
293,682 |
|
121,012 |
|
676,078 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
112,317 |
|
186,855 |
|
112,271 |
|
411,443 |
|
Charge for the year |
6,854 |
|
28,440 |
|
4,036 |
|
39,330 |
|
At 31 March 2025 |
119,171 |
|
215,295 |
|
116,307 |
|
450,773 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
142,213 |
|
78,387 |
|
4,705 |
|
225,305 |
|
At 31 March 2024 |
149,067 |
|
51,733 |
|
8,741 |
|
209,541 |
|
|
The directors are satisfied that the market value of land and buildings is substantially in excess of its book value. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
Trade debtors |
2,099 |
|
617 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
Bank loans and overdrafts unsecured - bounce back |
10,648 |
|
10,648 |
|
Trade creditors |
32,109 |
|
34,975 |
|
Other taxes and social security costs |
14,051 |
|
9,919 |
|
Subscriptions in advance |
18,093 |
|
50 |
|
Other creditors |
40,150 |
|
59,275 |
|
|
|
|
|
|
115,051 |
|
114,867 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans unsecured - bounce back |
5,868 |
|
16,852 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Tennis reserve |
2025 |
|
2024 |
| £ |
£ |
|
Opening balance |
44,056 |
|
34,964 |
|
Transfer to reserve for the year |
14,900 |
|
14,900 |
|
Released reserve in respect of expense incurred |
(13,440) |
|
(5,808) |
|
|
|
|
|
|
45,516 |
|
44,056 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Gym reserve |
2025 |
|
2024 |
| £ |
£ |
|
Balance brought forward |
38,287 |
|
33,287 |
|
Transfer to the reserve in the year |
3,000 |
|
5,000 |
|
Released reserve in respect of expense incurred |
(5,826) |
|
- |
|
|
|
|
|
|
35,461 |
|
38,287 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Bowls reserve |
2025 |
|
2024 |
| £ |
£ |
|
Balance brought forward |
7,000 |
|
5,000 |
|
Transfer to the reserve in the year |
2,000 |
|
2,000 |
|
Released reserve in respect of expense incurred |
- |
|
- |
|
|
|
|
|
|
9,000 |
|
7,000 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Squash reserve |
2025 |
|
2024 |
| £ |
£ |
|
Balance brought forward |
7,000 |
|
5,000 |
|
Transfer to the reserve in the year |
2,000 |
|
2,000 |
|
Released reserve in respect of expense incurred |
- |
|
- |
|
|
|
|
|
|
|
9,000 |
|
7,000 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Cricket reserve |
2025 |
|
2024 |
| £ |
£ |
|
Balance brought forward |
2,000 |
|
5,000 |
|
Transfer to the reserve in the year |
2,000 |
|
2,000 |
|
Released reserve in respect of expense incurred |
- |
|
(5,000) |
|
|
|
|
|
|
4,000 |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
| 12 |
Contingent liabilities |
|
|
The Lawn Tennis Association assisted with the repair and maintenance of the tennis facilities and grounds. Under the terms of the grant the company must adhere to the conditions of the grant the principal one being the continuance of tennis at Middleton Sports Club until 2028. Failure to meet the conditions could result in the entire grant of £110,783 or such reduced part thereof, as specified by the Lawn Tennis Association, being repayable. |
|
|
|
| 13 |
Controlling party |
|
|
There is no controlling party the company is controlled by its members although the board of directors, who are also members, control the day to day running of the company. |
|
|
| 14 |
Other information |
|
|
THE MIDDLETON SPORTS CLUB LIMITED is a private company limited by guarantee and incorporated in England. Each member guarantees the sum of £1 upon winding up. Its registered office is: |
|
3 Sea Lane |
|
Middleton on Sea |
|
Bognor Regis |
|
West Sussex |
|
PO22 7RH |