Challenge - Tennis LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC403267

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		765

			-		765
CURRENT ASSETS
Debtors	5	12,743		25,358
Cash at bank and in hand		95		6,726

		12,838		32,084
Creditors: Amounts Falling Due Within One Year	6	(2,778 )		(11,791 )

NET CURRENT ASSETS (LIABILITIES)			10,060		20,293

TOTAL ASSETS LESS CURRENT LIABILITIES			10,060		21,058

Creditors: Amounts Falling Due After More Than One Year	7		(22,906 )		(18,696 )

NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS			(12,846 )		2,362

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		(50,486)		-
Other amounts		-		2,362

			(50,486)		2,362

Equity
Members' other interests
Other reserves		37,640		-

			37,640		-

			(12,846)		2,362

TOTAL MEMBERS' INTEREST
Amounts due from members			(12,743)		(12,294)
Loans and other debts due to members			(50,486)		2,362
Members' other interests			37,640		-

			(25,589)		(9,932)

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Challenge - Tennis LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Huw Phillips

Designated Member

22/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Challenge - Tennis LLP is a limited liability partnership, incorporated in England & Wales, registered number OC403267 . The Registered Office is C/O Hillier Hopkins Llp First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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:

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	7,205

As at 31 March 2025	7,205

Depreciation
As at 1 April 2024	6,440
Provided during the period	765

As at 31 March 2025	7,205

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	765

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	12,743	25,358

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Challenge - Tennis LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2	-
Bank loans and overdrafts	-	8,565
Other creditors	2,776	3,226

	2,778	11,791

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

	2025	2024
	£	£
Bank loans	22,906	18,696

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