Leatherhead Tennis Club Limited - Limited company accounts 20.1

REGISTERED NUMBER: 11007995 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Leatherhead Tennis Club Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

N R Turner

P Carton

Ms R Ussher

E D Stansfield

REGISTERED OFFICE:

Cannon Grove

Fetcham

Leatherhead

Surrey

KT22 9LH

REGISTERED NUMBER:

11007995 (England and Wales)

ACCOUNTANTS:

Gawne & Co.Ltd

76 Eastwick Drive

Bookham

Leatherhead

Surrey

KT23 3NX

The directors present their report with the financial statements of the company for the year ended 31 March 2021.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of running a private tennis club.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2020 to the date of this report.

N R Turner

P Carton

Other changes in directors holding office are as follows:

Mrs D Ashley - resigned 9 January 2021

Mrs J Smowton - resigned 9 January 2021

Ms R Ussher - appointed 9 January 2021

E D Stansfield - appointed 9 January 2021

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Carton - Director

8 December 2021

TURNOVER

46,064

50,641

Administrative expenses

41,526

43,991

4,538

6,650

Other operating income

20,289

-

OPERATING SURPLUS

4

24,827

6,650

Interest receivable and similar income

283

278

SURPLUS BEFORE TAXATION

25,110

6,928

Tax on surplus

-

SURPLUS FOR THE FINANCIAL YEAR

25,110

6,928

FIXED ASSETS

Tangible assets

5

146,575

144,950

CURRENT ASSETS

Stocks

2,250

2,900

Debtors

6

3,431

6,242

Cash at bank

97,063

80,091

102,744

89,233

CREDITORS

Amounts falling due within one year

7

20,460

30,434

NET CURRENT ASSETS

82,284

58,799

TOTAL ASSETS LESS CURRENT
LIABILITIES

228,859

203,749

RESERVES

Income and expenditure account

228,859

203,749

228,859

203,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2021 and were signed on its behalf by:

P Carton - Director

1.	STATUTORY INFORMATION

Leatherhead Tennis Club Limited 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Clubhouse 5% on cost

Courts 15% on cost

Floodlights 15% on cost

Equipment 20% on cost

Social areas 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - NIL ) .

4.	OPERATING SURPLUS

The operating surplus is stated after charging:

31.3.21

31.3.20

£

Depreciation - owned assets

17,003

12,745

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

168,254

Additions

18,628

At 31 March 2021

186,882

DEPRECIATION

At 1 April 2020

23,304

Charge for year

17,003

At 31 March 2021

40,307

NET BOOK VALUE

At 31 March 2021

146,575

At 31 March 2020

144,950

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.21

31.3.20

£

Other debtors

3,431

6,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

Trade creditors

400

1,872

Other creditors

20,060

28,562

20,460

30,434