Company No: 02859989 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	P T Bradshaw
	G Cole
	J M Hood
	R E Staniland

Registered office	St George's College
	Weybridge Road
	Addlestone
	KT15 2QS
	United Kingdom

Company number

02859989 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St George's Weybridge & Surrey County Tennis Centre Limited for the financial year ended 30 September 2025 which comprise the Balance Sheet and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of St George's Weybridge & Surrey County Tennis Centre Limited, as a body, in accordance with the terms of our engagement letter dated 24 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of St George's Weybridge & Surrey County Tennis Centre Limited and state those matters that we have agreed to state to the Board of Directors of St George's Weybridge & Surrey County Tennis Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St George's Weybridge & Surrey County Tennis Centre Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that St George's Weybridge & Surrey County Tennis Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St George's Weybridge & Surrey County Tennis Centre Limited. You consider that St George's Weybridge & Surrey County Tennis Centre Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of St George's Weybridge & Surrey County Tennis Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG

24 September 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	21,233		26,774
		21,233		26,774
Current assets
Debtors	4	3,960		1,057
Cash at bank and in hand	5	27,269		21,613
		31,229		22,670
Creditors: amounts falling due within one year	6	( 15,578)		( 19,559)
Net current assets		15,651		3,111
Total assets less current liabilities		36,884		29,885
Creditors: amounts falling due after more than one year	7	( 60,500)		( 54,000)
Net liabilities		( 23,616)		( 24,115)
Capital and reserves
Called-up share capital	8	5,000		5,000
Profit and loss account		( 28,616 )		( 29,115 )
Total shareholder's deficit		( 23,616)		( 24,115)

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of St George's Weybridge & Surrey County Tennis Centre Limited (registered number: 02859989) were approved and authorised for issue by the Board of Directors on 24 September 2026. They were signed on its behalf by:

P T Bradshaw Director

G Cole Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

St George's Weybridge & Surrey County Tennis Centre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is St George's College, Weybridge Road, Addlestone, KT15 2QS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Despite the company reporting net liabilities of £23,616 (2024 - £24,115) as at the balance sheet date, the financial statements have been prepared on the going concern basis. As set out in Note 9 (Related Party Transactions), Surrey Tennis and St George's Weybridge have both agreed to defer repayment of the loans made to the Company in 2008 and 2019, until such time as the Board unanimously agree resources are available. For this reason, the Directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	25 years straight line
Plant and machinery	10 years straight line
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
The average monthly number of persons employed by the Company during the year, excluding the directors during the year was 0 (2024 - 0). The board of directors represents the Company in a statutory capacity.	0		0

The board of directors represents the Company in a statutory capacity.

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 October 2024	1,040		55,392		8,652		65,084
At 30 September 2025	1,040		55,392		8,652		65,084
Accumulated depreciation
At 01 October 2024	1,040		28,618		8,652		38,310
Charge for the financial year	0		5,541		0		5,541
At 30 September 2025	1,040		34,159		8,652		43,851
Net book value
At 30 September 2025	0		21,233		0		21,233
At 30 September 2024	0		26,774		0		26,774

4. Debtors

	2025		2024
	£		£
Trade debtors	2,498		60
Amounts owed by Group undertakings	516		288
Prepayments and accrued income	946		709
	3,960		1,057

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	27,269		21,613

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	5,773		2,984
Other loans	4,000		10,500
Accruals and deferred income	5,805		6,075
	15,578		19,559

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to Group undertakings	60,500		54,000

Unsecured loans:

Unsecured loans includes £40,000 advanced to the Company in 2008. This is interest-free and is not repayable within the year. The amount outstanding at the year end in respect of these particular loans advanced in 2008 was £40,000 (2024: £40,000). The Creditors have agreed not to seek repayment of the amounts totalling £40,000 until the Company is in a position to do so (Note 9 - Related party transactions).

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2,500 A Ordinary shares shares of £ 1.00 each	2,500		2,500
2,500 B Ordinary shares shares of £ 1.00 each	2,500		2,500
	5,000		5,000

9. Related party transactions

Other related party transactions

In 2008, Surrey County Lawn Tennis Association and St George's Weybridge advanced interest-free loans of £20,000 each to the Company. Surrey County Lawn Tennis Association and St George's weybridge have both agreed to defer repayment of the loans made to the Company in 2008 (Note 7 "Unsecured loans"), until such time as the Board unanimously agree resources are available.

In 2019, Surrey County Lawn Tennis Association and St George's Weybridge advanced further interest free loans of £17,500 each to the Company, repayable over a term of 5 years however payments due in the year ended 30 September 2025 were paused to allow the company to recover from the Covid-19 period.

On 1 March 2025, 2,500 B Ordinary shares of £1.00 each held by Surrey County Lawn Tennis Association ("SCLTA") were transferred to Surrey Tennis, a private limited company by guarantee. On the same day, all balances and activities pertaining to SCLTA were also transferred to Surrey Tennis, including loan balances owed by the Company to SCLTA.

The balance due to Surrey Tennis at the year end was £31,734 (2024 - £31,962). The balance due to St George's Weybridge at the year end was £38,023 (2024 - £35,234).

10. Ultimate controlling party

The Company's shares were held equally by St George's Weybridge and the Surrey County Lawn Tennis Association (with each holding 2500 A Ordinary and 2500 B Ordinary shares of £1.00 each respectively) up until 1 March 2025, when all of the B Ordinary shares were transferred from Surrey County Lawn Tennis Association to Surrey Tennis.

Since 1 March 2025, the Company's shares have therefore been held equally by St George's Weybridge and Surrey Tennis and the Company is not under the control of any one party.