Bristol & Bath Tennis Club Limited
Bristol & Bath Tennis Club Limited
Registered number: 03299721
Unaudited Financial Statements
For The Year Ended 31 December 2019
CJW Willows
Bristol & Bath Tennis Club Limited
Unaudited Financial Statements
For The Year Ended 31 December 2019
Unaudited Financial Statements
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| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Bristol & Bath Tennis Club Limited
Balance Sheet
As at
31 December 2019
Balance Sheet
Registered number:
03299721
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 9 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Other reserves |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 247,506 | 246,693 | |||
Page 1
Bristol & Bath Tennis Club Limited
Balance Sheet (continued)
As at
31 December 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Bristol & Bath Tennis Club Limited
Notes to the Financial Statements
For The Year Ended 31 December 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The Heritage Lottery Fund (HLF) grant, its amortisation and going concern
In 1997, Bristol & Bath Tennis Club Limited was awarded a grant from the HLF via Sports England to assist with the funding of the building of a new real tennis court. The grant totalled £358,378.
The directors have that it is appropriate to amortise the grant over the same period as that over which the tennis court is being depreciated, namely 125 years.
In preparing these accounts, the directors have satisfied themselves that the company is a going concern and has sufficient funds to see it through for the foreseeable future.
1.3.
Turnover
Turnover represents net invoiced sales of services and electricity, excluding value added tax.
1.4.
Tangible Fixed Assets and Depreciation
Tangible assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Leasehold |
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| Plant & Machinery |
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1.5.
Taxation
Income tax expense represents the tax currently payable.
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 another year 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.
Depreciation of leasehold property and the amortisation of the grant are not recognised in the taxation computation, and therefore represents a permanent difference. Other timing differences are small, and therefore have not been recognised in the Financial Statements.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Nil
No Directors received remuneration during the year (2018 Nil)
Page 3
Bristol & Bath Tennis Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2019
6.
Tangible Assets
| Land & Property | |||
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| Leasehold | Plant & Machinery | Total | |
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| Cost | |||
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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7.
Debtors
| 2019 | 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| VAT | - |
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8.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| VAT |
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| Bristol Real Tennis Club Current Account |
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Page 4
Bristol & Bath Tennis Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2019
9.
Creditors: Amounts Falling Due After More Than One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Accruals and deferred income |
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11.
Reserves
BRTC received monies from its members in the form of one off payments for 20 years of membership and for donations to assist with the funding of the new real tennis court being built by the company in 1997. BRTC transferred that money to the company with no expectation of repayment. The directors of the company consider that this transfer is best presented as a capital contribution by BRTC in the company’s accounts and it is therefore included as such within Capital and Reserves.
12.
General Information
Bristol & Bath Tennis Club Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03299721 . The registered office is The Real Tennis Court, Beggar Bush Playing Fields, Abbots Leigh Road, Bristol, BS8 3QD.
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