| Links Gymnastics (Berkshire) Ltd |
| Registered number: |
11093908 |
| Balance Sheet |
| as at 31 December 2025 |
|
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
192,204 |
|
|
223,444 |
|
|
|
|
|
|
|
|
| Current assets |
| Stocks |
|
|
|
9,470 |
|
|
15,288 |
| Debtors |
4 |
|
|
36,000 |
|
|
37,234 |
| Cash at bank and in hand |
|
|
|
95,692 |
|
|
67,115 |
|
|
|
|
141,162 |
|
|
119,637 |
|
| Creditors: amounts falling due within one year |
5 |
|
|
(105,526) |
|
|
(115,294) |
|
| Net current assets |
|
|
|
35,636 |
|
|
4,343 |
|
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
|
227,840 |
|
|
227,787 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(44,575) |
|
|
(126,245) |
|
|
|
| Net assets |
|
|
|
183,265 |
|
|
101,542 |
|
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
183,265 |
|
|
101,542 |
|
| Shareholders' funds |
|
|
|
183,265 |
|
|
101,542 |
|
|
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| A L Linklater |
| Director |
| Approved by the board on 29 May 2026 |
|
| Links Gymnastics (Berkshire) Ltd |
| Notes to the Accounts |
| for the year ended 31 December 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). |
|
The company is a not-for-profit public benefit entity. Its principal activity which has continued throughout the current accounting period has been the encouragement, coaching and facilitating the amateur sport of artistic gymnastics in association with British Gymnastics, the sport's governing body. |
|
The company is a company limited by guarantee so does not having a share capital. Its members consist of the subscribers to the memorandum of association and any other persons subsequently admitted by the company. Each member guarantees the company up to an amount of £1. |
|
|
Turnover |
|
Turnover represents income from membership and competition fees, clothing and other supplies. Turnover is measured at the fair value of the amount received or receivable, net of discounts. Turnover from the supply of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the recipient. Turnover from memberships and other activities is recognised where approriate by reference to the stage of completion of its provision, otherwise when the activity has been perfomed. The stage of completion is measured evenly according to the period it relates to or by comparing the attributable cost for its provision to date to its total estimated costs. |
|
|
Grants and donations receivable |
|
Grants and donations from all sources are recognised when they are receivable and it can be reasonably assumed the conditions attached to them will be complied with. Unless the grant or donation is awarded for the purchase of fixed assets, the whole amount is recognised in income when receivable or, if later, when any performance conditions have been met. Those awarded for the purchase of fixed assets are, where appropriate, included in deferred income on the balance sheet and recognised in income on a systematic basis over the useful economic life of the underlying assets. |
|
|
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: |
|
|
Leasehold land and buildings |
over the lease term |
|
Gymnastics equipment |
over 4 years |
|
Other plant, fixtures, fittings and equipment |
over 4 years |
|
|
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 |
|
No tax is payable on the not-for-profit activities. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis 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 |
25 |
|
24 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Short leasehold land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
182,994 |
|
124,337 |
|
41,285 |
|
348,616 |
|
Additions |
- |
|
16,392 |
|
- |
|
16,392 |
|
At 31 December 2025 |
182,994 |
|
140,729 |
|
41,285 |
|
365,008 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
27,824 |
|
74,985 |
|
22,363 |
|
125,172 |
|
Charge for the year |
15,970 |
|
21,341 |
|
10,321 |
|
47,632 |
|
At 31 December 2025 |
43,794 |
|
96,326 |
|
32,684 |
|
172,804 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
139,200 |
|
44,403 |
|
8,601 |
|
192,204 |
|
At 31 December 2024 |
155,170 |
|
49,352 |
|
18,922 |
|
223,444 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
36,000 |
|
37,234 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
36,000 |
|
36,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
12,955 |
|
26,455 |
|
Obligations under finance lease and hire purchase contracts |
20,094 |
|
5,429 |
|
Other loans |
43,567 |
|
41,507 |
|
Taxation and social security costs |
6,322 |
|
4,208 |
|
Other creditors |
22,588 |
|
37,695 |
|
|
|
|
|
|
105,526 |
|
115,294 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
5,519 |
|
18,474 |
|
Obligations under finance lease and hire purchase contracts |
2,444 |
|
22,552 |
|
Other loans |
34,028 |
|
77,595 |
|
Other creditors |
2,584 |
|
7,624 |
|
|
|
|
|
|
44,575 |
|
126,245 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
72,000 |
|
158,400 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Links Gymnastics (Berkshire) Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
68 Straight Road |
|
Old Windsor |
|
Windsor |
|
SL4 2RX |