Fulwood Sports Club Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Fulwood Sports Club Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00112288 . The registered office is Chorley Road, Sheffield, South Yorkshire, S10 3RL.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Freehold	1% - 4% straight line
Plant & Machinery	10% straight line
Fixtures & Fittings	10% straight line

2.5. 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.

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Fulwood Sports Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held

separately from those of the Company in an independently administered fund. The pension cost charge

represents contributions payable by the Company to the fund and amounted to £192 (2025: £153).

Contributions totalling £nil (2025: £nil) were payable to the fund at the balance sheet date and are included

in creditors.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

During the 2022 year end the company a received grant of £16,366 in respect of squash development. In accordance with the accounting policy, this grant is amortised over the assets' estimated useful lives. An amount of £655 (2025: £655) has been recognised in this financial year.

During the 2019 year end the company received a grant of £8,500 from National Lawn Tennis Association in respect of redevelopment of the tennis courts. In accordance with the accounting policy, this grant is amortised over the assets' useful lives. An amount of £850 (2025: £850) has been recognised in this financial year.

During the 2018 year end the company received a grant of £5,000 from Yorkshire Tennis, part of National Lawn Tennis Association in respect of redevelopment of the tennis courts. In accordance with the accounting policy, this grant is amortised over the assets' useful lives. An amount of £500 (2025: £500) has been recognised in this financial year.

During the 2016 year end, the company received grants from Sport England in respect of the Inspired

Facilities programme comprising assistance with capital investment in improving the energy efficiency of squash courts building. The total grant received was £34,951. In accordance with the accounting policy, this grant is amortised over the assets' estimated useful lives. An amount of £1,049 (2025: £1,620) has been recognised in this financial year.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2025: 10)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	1,097,093	177,464	218,642	1,493,199

As at 31 January 2026	1,097,093	177,464	218,642	1,493,199

Depreciation
As at 1 February 2025	210,584	126,992	165,856	503,432
Provided during the period	10,966	15,259	11,946	38,171

As at 31 January 2026	221,550	142,251	177,802	541,603

Net Book Value
As at 31 January 2026	875,543	35,213	40,840	951,596

As at 1 February 2025	886,509	50,472	52,786	989,767

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Fulwood Sports Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	8,738	8,590
Corporation tax recoverable assets	404	404

	9,142	8,994

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	7,500	7,500
Other taxes and social security	205	-
Accruals and deferred income	23,051	21,932

	30,756	29,432

Included within bank loans due under one year is a loan due to Lawn Tennis Association totalling £5,000 (2025: £5,000). The loan is repaybale by six monthly instalments and is due for repayment by June 2029. The loan is interest free and unsecured.

Included within bank loans due under one year is a loan due to Yorkshire Tennis totalling £2,500 (2025: £2,500). The loan is repaybale by six monthly instalments and is due for repayment by April 2028. The loan is interest free and unsecured.

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

	2026	2025
	£	£
Bank loans	16,218	23,718
Accruals and deferred income	26,935	29,419

	43,153	53,137

Included within bank loans due over one year is a loan due to the Lawn Tennis Association totalling £12,468 (2025: £17,468). The loan is repayable by six monthly installemts and is due for repayment by June 2029. The loan is interest free and unsecured.

Included within bank loans due over one year is a loan due to Yorkshire Tennis totalling £3,750 (2025: £6,250). The loan is repayable by six monthly instalments and is due for repayment by April 2028. The loan is onterest free and unsecured.

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2,945	2,450

During the year, 110 (2025 - 60) ordinary shares of £5 each were issued for total consideration of £550 (2025 - £300) and 11 (2025 - 38) ordinary shares of £5 each were cancelled by refund or donation amounting to £55 (2025 - £190).

9. Ultimate Controlling Party

There is no ultimate controlling party of Fulwood Sports Club.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		951,596		989,767

			951,596		989,767
CURRENT ASSETS
Debtors	5	9,142		8,994
Cash at bank and in hand		77,719		74,162

		86,861		83,156
Creditors: Amounts Falling Due Within One Year	6	(30,756 )		(29,432 )

NET CURRENT ASSETS (LIABILITIES)			56,105		53,724

TOTAL ASSETS LESS CURRENT LIABILITIES			1,007,701		1,043,491

Creditors: Amounts Falling Due After More Than One Year	7		(43,153 )		(53,137 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(187,727 )		(187,727 )

NET ASSETS			776,821		802,627

CAPITAL AND RESERVES
Called up share capital	8		2,945		2,450
Revaluation reserve			563,180		563,180
Profit and Loss Account			210,696		236,997

SHAREHOLDERS' FUNDS			776,821		802,627