REGISTERED NUMBER: 00974894 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

WIMBLEDON RACQUETS AND FITNESS CLUB

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G I Chapman

J Chee

B J Eley

M Eyles

B S C Choo

N L Baldwin

R Ragunathan

REGISTERED OFFICE:

Cranbrook Road

Wimbledon

London

SW19 4HD

REGISTERED NUMBER:

00974894 (England and Wales)

AUDITORS:

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Tangible assets

5

3,023,734

2,987,594

Investments

6

15,364

15,364

3,039,098

3,002,958

CURRENT ASSETS

Stocks

7

15,196

11,821

Debtors

8

8,901

20,861

Cash at bank

597,816

486,900

621,913

519,582

CREDITORS

Amounts falling due within one year

9

219,625

158,832

NET CURRENT ASSETS

402,288

360,750

TOTAL ASSETS LESS CURRENT LIABILITIES

3,441,386

3,363,708

CREDITORS

Amounts falling due after more than one year

10

2,300,000

2,316,667

NET ASSETS

1,141,386

1,047,041

RESERVES

Income and expenditure account

12

1,141,386

1,047,041

1,141,386

1,047,041

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by:

G I Chapman - Director

1.	STATUTORY INFORMATION

Wimbledon Racquets and Fitness Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Wimbledon Racquets and Fitness Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from services is recognised when the service is provided and the right to consideration earned. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Turnover comprises:

(i) Subscriptions received from the club's members,

(ii) Section results, being income generated from running tournaments,

(iii) Hire of the squash and badminton courts and associated coaches,

(iiii) Income generated from the bar and restaurant.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold building

written off over 50 years

Fixtures, fittings and equipment

written off over 3,5,7 and 10 years

Computer equipment and software

written off over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intercompany loan

The intercompany loan owed to the subsidiary company is recognised initially at fair value and discounted to give the present value of the asset.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2024

3,234,993

397,195

3,632,188

Additions

6,500

65,322

71,822

At 30 September 2025

3,241,493

462,517

3,704,010

DEPRECIATION

At 1 October 2024

331,754

312,840

644,594

Charge for year

19,000

16,682

35,682

At 30 September 2025

350,754

329,522

680,276

NET BOOK VALUE

At 30 September 2025

2,890,739

132,995

3,023,734

At 30 September 2024

2,903,239

84,355

2,987,594

On 25 November 2022 the company's subsidiary, The Wimbledon Squash and Badminton Courts Limited transferred the freehold of the property occupied by the Wimbledon Racquets and Fitness Club to the company at a valuation of £2,300,000.

6.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

7,472

7,472

Loans to group undertakings

7,892

7,892

15,364

15,364

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

7,472

NET BOOK VALUE

At 30 September 2025

7,472

At 30 September 2024

7,472

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The Wimbledon Squash and Badminton Courts Limited, a company registered in England.

Loans to

group

undertakings

£

At 1 October 2024

and 30 September 2025

7,892

7.

STOCKS

2025

2024

£

£

Finished goods

15,196

11,821

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

457

6,364

Other debtors

8,444

14,497

8,901

20,861

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 11)

16,744

20,000

Trade creditors

27,314

5,890

Social security and other taxes

5,730

6,333

Other creditors

39,179

39,761

Deferred subscription income

85,435

46,484

Accruals

45,223

35,004

Deferred capital grant

-

5,360

219,625

158,832

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 11)

-

16,667

Amounts owed to group undertakings

2,300,000

2,300,000

2,300,000

2,316,667

11.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

77

-

Bank loans

16,667

20,000

16,744

20,000

2025

2024

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

16,667

Intercompany loan

See the related party disclosure note. The loan balance at the year end is made up of £130,188 loan interest and a £2,169,812 loan balance.

Coronavirus Business Interruption Loan

In July 2020 the company arranged a 5 year Coronavirus Business Interruption Loan with Lloyds Bank plc. Interest on the loan is to be charged at bank rate plus 2.8%. The loan is to be repaid in instalments over of 5 years commencing 13 months after the first drawdown. The scheme provides the bank with a government guarantee against the balance on the loan. The Government will make Business Interruption Payments to cover the first 12 months of interest payments and any bank levied charges.

Unsecured Loan Notes

In July 2021 the company issued £350,000 6% fixed rate unsecured loan notes of with a capital repayment date of 30 June 2024. In the previous financial year, the final £123,000 of loan notes were repaid.

12.

RESERVES

Income

and

expenditure

account

£

At 1 October 2024

1,047,041

Surplus for the year

94,345

At 30 September 2025

1,141,386

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

14.	RELATED PARTY DISCLOSURES

Included in investments at the year end was a loan of £7,892 (2024 - £7,892) owed to the company by its subsidiary company, The Wimbledon Squash and Badminton Courts Limited. No interest was receivable on this balance.

On 25 November 2022 the company's subsidiary, The Wimbledon Squash and Badminton Courts Limited transferred the freehold of the property occupied by the Wimbledon Racquets and Fitness Club to the company at a valuation of £2,300,000.

Included in creditors: amounts falling due in more than one year is an intercompany loan amount of £2,300,000 (2024: £2,300,000) owed to The Wimbledon Squash and Badminton Courts Limited. No interest is payable on this balance.The loan will only become payable 12 months and one day after the date on which repayment is requested. The loan was initially discounted at a 6% interest rate which resulted in a distribution from the subsidiary of £130,188 and notional interest payable of £130,188. The carrying value will remain unchanged until notice is given.

15.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital.