Weybridge Padel Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Weybridge Padel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D T Garrett

Mrs D A Garrett

SECRETARY:

D T Garrett

REGISTERED OFFICE:

8/10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

09589961 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

3

35,247

41,023

CURRENT ASSETS

Debtors

4

1,018

848

Cash at bank

14,270

12,023

15,288

12,871

CREDITORS

Amounts falling due within one year

5

35,297

45,753

NET CURRENT LIABILITIES

(20,009

)

(32,882

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,238

8,141

PROVISIONS FOR LIABILITIES

6

3,802

4,418

NET ASSETS

11,436

3,723

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

11,336

3,623

SHAREHOLDERS' FUNDS

11,436

3,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 profit or loss 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2019 and were signed on its behalf by:

D T Garrett - Director

1.	STATUTORY INFORMATION

Weybridge Padel Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

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 represented by membership subscriptions and court fees received, net of value added tax.

Membership subscriptions are pro-rated and accounted for in the period of which they represent.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2018

and 30 September 2019

25,390

32,369

2,965

60,724

DEPRECIATION

At 1 October 2018

7,617

9,119

2,965

19,701

Charge for year

2,539

3,237

-

5,776

At 30 September 2019

10,156

12,356

2,965

25,477

NET BOOK VALUE

At 30 September 2019

15,234

20,013

-

35,247

At 30 September 2018

17,773

23,250

-

41,023

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Prepayments

1,018

848

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

1,239

-

VAT

-

1,536

Other creditors

435

-

Directors' current accounts

20,000

40,000

Accruals and deferred income

13,623

4,217

35,297

45,753

6.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

3,802

4,418

Deferred

tax

£

Balance at 1 October 2018

4,418

Provided during year

(616

)

Balance at 30 September 2019

3,802

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D T Garrett.