Club Towers Limited

	Page
Strategic Report	1
Director's Report	2—3
Independent Auditor's Report	4—7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Cash Flow Statement	12
Notes to the Cash Flow Statement	13
Notes to the Financial Statements	14—21

The director presents his strategic report for the year ended 30 June 2025.

Review of the Business

Club Towers Limited was established in 2015 in Bedfordshire. It operates a health and racquets club that offers its members a high-end package of gym, group exercise classes, swimming, spa, tennis and squash facilities, coupled with a strong social element.

Club Towers Limited is committed to offering members the very best health and racquets club experience and therefore it operates a cap on its membership numbers to ensure that the Club does not feel too busy and that members are able to access facilities even at peak times.

Principal Risks and Uncertainties

Liquidity Risk

The Company closed the year with cash reserves of £2.74M. The Director is confident that this more than adequate to fund the ongoing working capital of the Company for the foreseeable future.

Competition

The Company operates in a competitive market place; however, it seeks to mitigate this risk by providing a unique, high end package and investing in maintaining and upgrading its faciliities as required to maintain its premium status.

Key Performance Indicators

	2025	2024

Gross Profit percentage	90.63%	90.45%
Net Profit percentage	20.47%	17.04%

The financial position of the Compay remains strong and the Company is well placed to take advantage of business opportunities as they arise. The director looks forward to the future with confidence.

On behalf of the board

Mr M P Towers

Director

16/12/2025

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Club Towers Limited

Company No. 09395915

Director's Report For The Year Ended 30 June 2025

Director's Report

The director presents his report and the financial statements for the year ended 30 June 2025.

Principal Activity

The company's principal activity continues to be that of the operation of a health and racquets club.

Future Developments

The Company is currently exploring opportunities for expansion. It had previously purchased some additionial land adjacent to its current site with a view to possibly expanding and adding to its existing facilities.

Dividends

Dividends of £20,278 were distributed in the year ended 30 June 2025.

Directors

The director who held office during the year was as follows:

Mr M P Towers

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Club Towers Limited

Director's Report (continued)

For The Year Ended 30 June 2025

Independent Auditors

The auditors, Ad Valorem Audit Services Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr M P Towers

Director

16/12/2025

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Independent Auditor's Report

to the Members of

Club Towers Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Club Towers Limited for the year ended 30 June 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Club Towers Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

Club Towers Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In our process of identifying fraud risks we assessed events or conditions that indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud ("fraud risk factors") to determine how fraud risks are relevant to our audit. Based on the auditing standards we addressed two fraud risks that were relevant to our audit, in relation to revenue recognition and management override of controls. Based upon our analysis of fraud risk factors, we have not identified any additional fraud risks.

Our audit procedures included an evaluation of the design, implementation as well as the operating effectiveness of internal controls relevant to mitigate these risks. We also performed substantive audit procedures, including detailed testing of high-risk journal entries and procedures to satisfy ourselves that revenue has been properly recognised in the financial statements in accordance with financial reporting standards and the Company's accounting policies. Through these procedures, we did not identify any material actual or suspected incidences of fraud.

We have evaluated facts and circumstances in order to assess laws and regulations relevant to the Company. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general and sector experience, through discussion with the Directors and other management (as required by auditing standards) and discussed with the Directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the Company is subject to laws and regulations that directly affect the financial statements including taxation and financial reporting (including related company legislation) and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect:

- Employment legislation, reflecting the Company's workforce

- Health and safety regulation, reflecting the Company's production, distribution and operating processes

- Data privacy, reflecting the Company's management of personal and corporate data.

Auditing standards limit the required audit procedures to identify non-compliance with these regulations to enquiry of the Directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures we did not identify any material actual or suspected non-compliance in any of the above areas.

We note that our audit is not primarily designed to detect non-compliance with laws and regulations and the Directors and other management are responsible for such internal control as the Directors and other management of the Company determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to errors or fraud, including compliance with laws and regulations. Additionally, owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

Club Towers Limited

Zubair Arshad FCCA (Senior Statutory Auditor)

for and on behalf of Ad Valorem Audit Services Limited , Statutory Auditor

16/12/2025

Ad Valorem Audit Services Limited

Chartered Certified Accountants

2 Manor Farm Court, Old Wolverton Road

Milton Keynes

Buckinghamshire

MK12 5NN

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Club Towers Limited

Profit and Loss Account

For The Year Ended 30 June 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		3,779,072	3,490,156
Cost of sales		(354,105 )	(333,169 )

GROSS PROFIT		3,424,967	3,156,987

Administrative expenses		(2,368,301 )	(2,377,781 )
Other operating income		766	-

OPERATING PROFIT	4	1,057,432	779,206
Loss on disposal of fixed assets		(5,423 )	(22,958 )
Other interest receivable and similar income	9	62,389	61,266
Interest payable and similar charges	10	(92,645 )	(98,026 )

PROFIT BEFORE TAXATION		1,021,753	719,488
Tax on Profit	11	298,750	(125,688 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,320,503	593,800

The notes on pages 13 to 21 form part of these financial statements.

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Club Towers Limited

Statement of Comprehensive Income

For The Year Ended 30 June 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,320,503	593,800
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,320,503	593,800

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Club Towers Limited

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 09395915

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		32,983		-
Tangible Assets	13		9,381,352		9,297,711

			9,414,335		9,297,711
CURRENT ASSETS
Stocks	14	6,243		5,945
Debtors	15	169,171		73,682
Cash at bank and in hand		2,735,263		2,028,619

		2,910,677		2,108,246
Creditors: Amounts Falling Due Within One Year	16	(2,945,204 )		(2,762,946 )

NET CURRENT ASSETS (LIABILITIES)			(34,527 )		(654,700 )

TOTAL ASSETS LESS CURRENT LIABILITIES			9,379,808		8,643,011

Creditors: Amounts Falling Due After More Than One Year	17		(963,497 )		(1,088,424 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(438,500 )

NET ASSETS			8,416,311		7,116,087

CAPITAL AND RESERVES
Called up share capital	21		1,293		1,294
Share premium account			4,999,684		4,999,684
Profit and Loss Account			3,415,334		2,115,109

SHAREHOLDERS' FUNDS			8,416,311		7,116,087

On behalf of the board

Mr M P Towers

Director

16/12/2025

The notes on pages 13 to 21 form part of these financial statements.

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Club Towers Limited

Statement of Changes in Equity

For The Year Ended 30 June 2025

Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 July 2023	1,191	4,999,684	1,525,809	6,526,684
Profit for the year and total comprehensive income	-	-	593,800	593,800

Dividends paid	-	-	(4,500)	(4,500)
Arising on shares issued during the period	103	-	-	103

As at 30 June 2024 and 1 July 2024	1,294	4,999,684	2,115,109	7,116,087


Profit for the year and total comprehensive income	-	-	1,320,503	1,320,503

Dividends paid	-	-	(20,278)	(20,278)

As at 30 June 2025	1,293	4,999,684	3,415,334	8,416,311

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Club Towers Limited

Cash Flow Statement

For The Year Ended 30 June 2025

Cash Flow Statement

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,149,440	738,993
Interest paid		(92,645 )	(98,026 )
Tax paid		(118,751 )	(79,681 )

Net cash generated from operating activities		938,044	561,286

Cash flows from investing activities
Purchase of intangible assets		(34,208 )	-
Purchase of tangible assets		(149,112 )	(516,608 )
Proceeds from disposal of tangible assets		13,490	9,920
Interest received		62,389	61,266

Net cash used in investing activities		(107,441 )	(445,422 )

Cash flows from financing activities
Proceeds from issue of share capital		-	103
Equity dividends paid		(20,278 )	(4,500 )
Repayment of bank borrowings		(121,602 )	(96,372 )
Repayment of finance leases		18,084	131,092
Amount withdrawn by directors		(163)	(29,324)

Net cash (used in)/generated from financing activities		(123,959 )	999



Increase in cash and cash equivalents		706,644	116,863
Cash and cash equivalents at beginning of year	2	2,028,619	1,911,756

Cash and cash equivalents at end of year	2	2,735,263	2,028,619

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Club Towers Limited

Notes to the Cash Flow Statement

For The Year Ended 30 June 2025

Notes to the Cash Flow Statement

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,320,503	593,800
Adjustments for:
Tax on profit	(298,750 )	125,688
Interest expense	92,645	98,026
Interest income	(62,389 )	(61,266 )
Amortisation of intangible assets	1,225	-
Depreciation of tangible assets	46,557	46,990
Loss on disposal of tangible assets	5,423	22,958
Movements in working capital:
Increase in stocks	(298 )	(440 )
(Increase)/decrease in trade and other debtors	(35,189 )	29,436
Increase/(decrease) in trade and other creditors	79,713	(116,199 )

Net cash generated from operations	1,149,440	738,993

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	2,735,263	2,028,619

3. Analysis of changes in net funds

	As at 1 July 2024	Cash flows	As at 30 June 2025
	£	£	£
Cash at bank and in hand	2,028,619	706,644	2,735,263
Finance leases	(153,292)	(18,084)	(171,376)
Debts falling due within one year	(122,610 )	(11,166)	(133,776 )
Debts falling due after more than one year	(976,482)	132,768	(843,714)

	776,235	810,162	1,586,397

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Club Towers Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Club Towers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09395915 . The registered office is Park House Village Road, Bromham, Bedford, MK43 8HX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Revenue Recognition

Revenue primarily represents sales of services provided in the period and non refundable joining fees received during the period, exclusive of value added tax. Turnover is the total of membership subscriptions, joining fee income, cafe lounge sales, different types of training and coaching fees.

Membership subscriptions are received in advance of the month to which they relate to and recognised as soon as it is received.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Website Development. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	10% reducing balance
Computer Equipment	33% reducing balance

Freehold Property

Due to the ongoing maintenance of the Freehold Property, the residual value of the building is deemed to be a least equal to the cost recorded in the financial statements. There is therefore no charge for depreciation included in the financial statements.

The land on which the building is situated is not depreciated.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

Basic financial assets, which include debtors and cash and bank balances, are intially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consitutes 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.

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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Deirvative financial instruments are initially recorded at cost and thereafter at fair value with changes recongised in the income statement.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3. Other Operating Income

	2025	2024
	£	£
Other operating income	766	-

	766	-

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	46,557	46,990
Amortisation of intangible fixed assets	1,225	-

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	10,000	9,500

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,315,452	1,253,192
Social security costs	102,408	88,828
Other pension costs	34,415	29,112

	1,452,275	1,371,132

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	3	3
Sales, marketing and distribution	5	5
Operations	62	53
Maintenance	6	6

	76	67

8. Director's remuneration

	2025	2024
	£	£
Emoluments	8,678	8,116

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	62,329	60,977
Other interest receivable	60	289

	62,389	61,266

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	43,940	62,325
Finance charges payable under finance leases and hire purchase contracts	8,601	5,489
Other finance charges	40,104	30,212

	92,645	98,026

11. Tax on Profit

	Tax Rate		2025	2024
The tax (credit)/charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	200,050	138,595
Deferred Tax
Deferred taxation			(498,800 )	(12,907 )


Total tax charge for the period			(298,750 )	125,688


The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			1,021,753	719,488

Tax on profit at 25% (UK standard rate)			247,306	179,872
Goodwill/depreciation not allowed for tax			12,995	17,487
Expenses not deductible for tax purposes			1,441	1,359
Capital allowances			(61,692 )	(60,123 )

Total tax charge for the period			200,050	138,595

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

12. Intangible Assets

	Development Costs
	£
Cost
As at 1 July 2024	-
Additions	34,208

As at 30 June 2025	34,208

Amortisation
As at 1 July 2024	-
Provided during the period	1,225

As at 30 June 2025	1,225

Net Book Value
As at 30 June 2025	32,983

As at 1 July 2024	-

13. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 July 2024	9,022,874	527,986	34,380	173,814
Additions	-	99,307	-	42,145
Disposals	-	(67,426 )	-	(8,836 )

As at 30 June 2025	9,022,874	559,867	34,380	207,123

Depreciation
As at 1 July 2024	-	358,886	11,002	103,509
Provided during the period	-	29,600	4,676	8,296
Disposals	-	(52,254 )	-	(5,427 )

As at 30 June 2025	-	336,232	15,678	106,378

Net Book Value
As at 30 June 2025	9,022,874	223,635	18,702	100,745

As at 1 July 2024	9,022,874	169,100	23,378	70,305


	Computer Equipment	Total
	£	£
Cost
As at 1 July 2024	53,117	9,812,171
Additions	7,660	149,112
Disposals	(2,300 )	(78,562 )

As at 30 June 2025	58,477	9,882,721

Depreciation
As at 1 July 2024	41,063	514,460

...CONTINUED

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Provided during the period	3,986	46,558
Disposals	(1,968 )	(59,649 )

As at 30 June 2025	43,081	501,369

Net Book Value
As at 30 June 2025	15,396	9,381,352

As at 1 July 2024	12,054	9,297,711

14. Stocks

	2025	2024
	£	£
Stock	6,243	5,945

15. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,178	-
Other debtors	165,993	73,682

	169,171	73,682

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	51,593	41,350
Trade creditors	198,130	135,065
Bank loans and overdrafts	133,776	122,610
Other creditors	2,119,742	2,085,357
Corporation tax	199,990	118,691
Taxation and social security	215,829	231,678
Accruals and deferred income	26,144	28,195

	2,945,204	2,762,946

17. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	119,783	111,942
Bank loans	843,714	976,482

	963,497	1,088,424

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	319,093		456,620

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	171,375	153,292
Bank loans and overdrafts	984,724	1,099,092

The bank loans are secured by way of a legal mortgage and debenture incorporating a fixed and floating charge over the assets and undertakings of the company.

Obligations held under hire purchase are secured on the assets concerned.

18. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	133,776	122,610

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	524,621	519,862

	2025	2024
	£	£
Amounts falling due after more than five years:
Bank loans	319,093	456,620

19. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	51,593	41,350
Later than one year and not later than five years	119,783	111,942

	171,376	153,292

	171,376	153,292

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2024	438,500	438,500
Deferred taxation	(498,800 )	(498,800 )

Balance at 30 June 2025	(60,300 )	(60,300)

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Club Towers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

21. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,293	1,294

Called Up Share Capital

Allotted, issued and fully paid:

At the year end 30th June 2025, 10,714 10 pence Ordinary shares and 2,221 10 pence Ordinary B shares were allotted, issued and fully paid.

22. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	20,278	4,500

23. Related Party Disclosures

The director is considered to be the controlling party due to his controlling shareholding.

Included in creditors is an amount of £2,028,176 (2024: £2,028,339) due to Mr M P Towers, the sole director. Interest has been charged on the directors loan balance during the year of £35,000 (2024: £30,000). There are no set repayment terms regarding the directors loan.

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