| MURTC Ltd |
| Registered number: |
06834218 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,039 |
|
|
2,375 |
|
|
|
|
1,039 |
|
|
2,375 |
|
| Current assets |
| Stocks |
|
|
1,049 |
|
|
1,603 |
| Debtors |
4 |
|
5,296 |
|
|
4,494 |
| Cash at bank and in hand |
|
|
98,380 |
|
|
78,152 |
|
|
|
104,725 |
|
|
84,249 |
|
| Creditors: amounts falling due within one year |
5 |
|
(38,221) |
|
|
(23,873) |
|
| Net current assets |
|
|
|
66,504 |
|
|
60,376 |
|
| Total assets less current liabilities |
|
|
|
67,543 |
|
|
62,751 |
|
|
|
|
| Net assets |
|
|
|
67,543 |
|
|
62,751 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
67,543 |
|
|
62,751 |
|
| Shareholders' funds |
|
|
|
67,543 |
|
|
62,751 |
|
|
|
|
|
|
|
|
| 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 profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P Rivlin |
| Director |
| Approved by the board on 14 October 2025 |
|
| MURTC Ltd |
| 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 comprises membership, subscriptions, court fees, lessons and income from events. |
|
|
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: |
|
|
Plant and machinery |
25% reducing balance |
|
Fixtures and fittings |
straight line to end of current licence to occupy |
|
Improvements |
straight line to end of current licence to occupy |
|
|
Stocks |
|
Stocks are valued at lower of the cost and net realiseable value after making allowances for obsolete and slow moving stocks. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Improvements & fixtures |
|
Office equipment |
|
|
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
34,537 |
|
18,259 |
|
|
|
52,796 |
|
Additions |
269 |
|
|
|
269 |
|
At 31 March 2025 |
34,537 |
|
18,528 |
|
|
|
53,065 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
34,537 |
|
15,883 |
|
|
|
50,420 |
|
Charge for the year |
1,606 |
|
|
|
1,606 |
|
At 31 March 2025 |
34,537 |
|
17,489 |
|
|
|
52,026 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
1,039 |
|
|
|
1,039 |
|
At 31 March 2024 |
- |
|
2,376 |
|
|
|
2,376 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
226 |
|
Other debtors |
5,296 |
|
4,268 |
|
|
|
|
|
|
5,296 |
|
4,494 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
69 |
|
69 |
|
Other creditors |
38,152 |
|
23,804 |
|
|
|
|
|
|
38,221 |
|
23,873 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
MURTC Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
|
|
|
| 7 |
Funding of Real Tennis Student interns |
|
The Club engaged two University students as interns for the academic year 2024/25 at a cost of £3,003 (2023/24 - £3,754) paid from its funds up to 31 March 2025. For the academic year 2025/26 the Club has selected two interns. |
|
| 8 |
MURTC Juniors Programme |
|
The Club continues to try and develop Real Tennis in schools for young people. |
|
| 9 |
Middlesex University Students - Funding Student Real Tennis and Grants |
|
(i) The cost of unfunded student Real Tennis paid to the professionals by the Club during the year to 31 March 2025 was £15.598 (2023/24 - £11,898) in addition to the student costs and lessons funded by the University. During the year to 31 March 2023 the Club received direct grant funding of £1,200 from the Dedanists Foundation. |
|
|
(ii) In addition the Club continued to surcharge the playing members’ court fees to assist in the funding of student Real Tennis. In the period to 31 March 2025 this raised £2,908 (2023/2024 - £3,754). |
|
| 10 |
Licence extended |
|
After the end of the accounting year, the Club and Middlesex University signed an amendment agreement extending the licence period to 31st July 2027. The extension allows a further period during which the Club will be seeking a long term agreement for the continuation of Real Tennis on the Middlesex University court. |