Westside Lawn Tennis Club Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07333404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

WESTSIDE LAWN TENNIS CLUB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N D Adams

M Ahadpour

G Billington

B J Causer

J H Koers

A Mafi

E Reid

C M Rowlinson

S R Ryan

P P Saunders

R Young

REGISTERED OFFICE:

20 Woodhayes Road

Wimbledon

London

SW19 4RF

REGISTERED NUMBER:

07333404 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Tangible assets

4

320,926

313,941

Investments

5

147

147

321,073

314,088

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

6

241,040

275,920

Cash at bank

1,116,925

1,028,432

1,361,465

1,307,852

CREDITORS

Amounts falling due within one year

7

218,790

244,470

NET CURRENT ASSETS

1,142,675

1,063,382

TOTAL ASSETS LESS CURRENT LIABILITIES

1,463,748

1,377,470

RESERVES

Clubhouse refurb reserve

500,000

500,000

Income and expenditure account

963,748

877,470

1,463,748

1,377,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 28 November 2023 and were signed on its behalf by:

S R Ryan - Director

1.	STATUTORY INFORMATION

Westside Lawn Tennis Club Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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.

Tangible fixed assets

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

Improvements to property

-

at variable rates on cost

Fixtures and fittings

-

25% on cost and 20% on cost

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 or 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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2022

289,290

114,336

-

403,626

Additions

270

65,606

2,586

68,462

Disposals

(241

)

(2,192

)

-

(2,433

)

Reclassification/transfer

-

(503

)

503

-

At 30 April 2023

289,319

177,247

3,089

469,655

DEPRECIATION

At 1 May 2022

53,598

36,087

-

89,685

Charge for year

31,102

28,514

529

60,145

Eliminated on disposal

(101

)

(1,000

)

-

(1,101

)

Reclassification/transfer

-

(77

)

77

-

At 30 April 2023

84,599

63,524

606

148,729

NET BOOK VALUE

At 30 April 2023

204,720

113,723

2,483

320,926

At 30 April 2022

235,692

78,249

-

313,941

Improvements to property comprise clubhouse improvements, hard courts, car park and manager's flat. Fixtures and fittings comprise floodlights, furnishings and equipment.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 May 2022

and 30 April 2023

147

NET BOOK VALUE

At 30 April 2023

147

At 30 April 2022

147

Investments consist of a 54% shareholding in Westside Limited. Westside Limited was incorporated in 1924 and has the primary object of providing grounds and facilities for the playing of Lawn Tennis. It owns the freehold of the Club grounds,and has granted a lease to the club which expires on 30 April 2037. A separate lease has been granted to the club on the Manager's Flat which expires on 28 September 2084.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

231,936

199,739

Other debtors

9,104

76,181

241,040

275,920

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

14,960

11,733

Amounts owed to group undertakings

6,622

6,622

Taxation and social security

9,518

13,169

Other creditors

187,690

212,946

218,790

244,470

8.	RELATED PARTY DISCLOSURES

At the year end the company owed £6,622 (2022: £6,622) to its 54% subsidiary Westside Limited. The amount is repayable on demand and is non interest bearing.

9.	LIMITED BY GUARANTEE

Westside Lawn Tennis Club Ltd is a company limited by guarantee and has no share capital. Every member promises that, if the company is wound up while they are a member or within one year after they cease to be a member, to contribute such sum (not exceeding £1) to the assets of the company by such amount as may be required for payment of debts and liabilities of the company contracted before they cease to be a member, payment of costs, charges and expenses of winding up, and the adjustment of the rights of the contributories among themselves.