The Lansdown Tennis, Squash and Croquet Club Ltd Filleted Accounts Cover |
Company No. 03295397 | |||||||||
The Lansdown Tennis, Squash and Croquet Club Ltd Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 December 2022. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
Eleanor Bird | |||||||||
Jeremy Goulding | (Resigned 30 June 2022) | ||||||||
Mark Groves | (Resigned 13 March 2023) | ||||||||
Jeremy Labram | |||||||||
Gray Olliver | |||||||||
James Scully | (Resigned 30 June 2022) | ||||||||
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006. | |||||||||
Signed on behalf of the board | |||||||||
Gray Olliver | |||||||||
Director | |||||||||
12 June 2023 |
The Lansdown Tennis, Squash and Croquet Club Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | 03295397 | Notes | 2022 | 2021 | ||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Stocks | 5 | |||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Net assets | ||||||||||
Reserves | ||||||||||
Sinking fund | ||||||||||
Property replacement reserve | 9 | |||||||||
Income and expenditure account | ||||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account. | ||||||||||
Approved by the board on 12 June 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
Julian Ragless | ||||||||||
Director | ||||||||||
12 June 2023 |
The Lansdown Tennis, Squash and Croquet Club Ltd Notes to the Accounts Registrar |
for the year ended 31 December 2022 | |||||||||||||||
1 | General information | ||||||||||||||
Its registered number is: 03295397 | |||||||||||||||
Its registered office is: | |||||||||||||||
2 | Accounting policies | ||||||||||||||
Turnover | |||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. • and specific criteria have been met for each of the company's activities. Under club rules, subscriptions are not refundable. The full amount of the subscriptions due is taken to the Income and Expenditure Account in the year to which they relate. All other income is taken to the Income and Expenditure Account on a receivable basis. | |||||||||||||||
Tangible fixed assets and depreciation | |||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | |||||||||||||||
Leasehold land and buildings | |||||||||||||||
Plant and machinery | |||||||||||||||
Furniture, fittings and equipment | |||||||||||||||
Reserves | |||||||||||||||
The Sinking Fund represents funds that are put aside to provide for the replacement of sports facilities in accordance with Lawn Tennis Association guidelines. The Company assumed all assets and liabilities of the previously unincorporated Club, amounting to £159,169 on 1st January 1997. This figure excluded any value of the Freehold Property. | |||||||||||||||
Stocks | |||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. | |||||||||||||||
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. | |||||||||||||||
Trade and other creditors | |||||||||||||||
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. | |||||||||||||||
Defined contribution pensions | |||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | |||||||||||||||
3 | Employees | ||||||||||||||
2022 | 2021 | ||||||||||||||
Number | Number | ||||||||||||||
The average monthly number of employees (including directors) during the year was: | |||||||||||||||
4 | Tangible fixed assets | ||||||||||||||
Land and buildings | Plant and machinery | Total | |||||||||||||
£ | £ | £ | |||||||||||||
Cost or revaluation | |||||||||||||||
At 1 January 2022 | |||||||||||||||
Additions | |||||||||||||||
At 31 December 2022 | |||||||||||||||
Depreciation | |||||||||||||||
At 1 January 2022 | |||||||||||||||
Charge for the year | |||||||||||||||
At 31 December 2022 | |||||||||||||||
Net book values | |||||||||||||||
At 31 December 2022 | |||||||||||||||
At 31 December 2021 | |||||||||||||||
5 | Stocks | ||||||||||||||
2022 | 2021 | ||||||||||||||
£ | £ | ||||||||||||||
Finished goods | |||||||||||||||
6 | Debtors | ||||||||||||||
2022 | 2021 | ||||||||||||||
£ | £ | ||||||||||||||
Other debtors | |||||||||||||||
7 | Creditors: | ||||||||||||||
amounts falling due within one year | |||||||||||||||
2022 | 2021 | ||||||||||||||
£ | £ | ||||||||||||||
Other loans | |||||||||||||||
Trade creditors | |||||||||||||||
Other taxes and social security | |||||||||||||||
Other creditors | |||||||||||||||
Accruals and deferred income | |||||||||||||||
8 | Creditors: | ||||||||||||||
amounts falling due after more than one year | |||||||||||||||
2022 | 2021 | ||||||||||||||
£ | £ | ||||||||||||||
Other loans | |||||||||||||||
9 | Reserves | ||||||||||||||
Property replacement reserve | Sinking fund | Income and Expenditure Account | Total | ||||||||||||
£ | £ | £ | £ | ||||||||||||
At 1 January 2021 | 180,000 | ||||||||||||||
Other comprehensive income | (18,000) | ( | |||||||||||||
Profit for the year | |||||||||||||||
At 31 December 2021 and 1 January 2022 | 162,000 | ||||||||||||||
Other comprehensive income | (18,000) | (2,000) | -I263 | ||||||||||||
Profit for the year | |||||||||||||||
At 31 December 2022 | 144,000 | ||||||||||||||