MTA Tennis Limited,Ltd - AccountsLtd - Accounts

MTA Tennis Limited,Ltd - AccountsLtd - Accounts

MTA TENNIS LIMITED - Company Information

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2020-04-01 07977481 2021-03-31 07977481 2020-04-01 2021-03-31 07977481 2020-03-31 07977481 2019-04-01 2020-03-31 07977481 uk-core:WithinOneYear 2020-03-31 07977481 uk-core:WithinOneYear 2021-03-31 07977481 uk-core:ShareCapital 2021-03-31 07977481 uk-core:ShareCapital 2020-03-31 07977481 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 07977481 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 07977481 uk-bus:Director1 2020-04-01 2021-03-31 07977481 1 uk-bus:Director2 2020-04-01 2021-03-31 07977481 1 uk-bus:Director2 2021-03-31 07977481 1 uk-bus:Director2 2020-03-31 07977481 2 uk-bus:Director1 2020-04-01 2021-03-31 07977481 2 uk-bus:Director1 2021-03-31 07977481 2 uk-bus:Director1 2020-03-31 iso4217:GBP xbrli:pure 07977481 uk-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 07977481 uk-bus:FRS102 2020-04-01 2021-03-31 07977481 uk-bus:FullAccounts 2020-04-01 2021-03-31 07977481 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31
Draft
MTA Tennis Limited
Registered Number:07977481
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2021
MTA Tennis Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
07977481
As at 31 March 2021
MTA Tennis Limited
Statement of Financial Position
£
£
2020
2021
Notes
Current assets
Trade and other receivables
1,164
1,985
2
9,653
Cash and cash equivalents
6,482
8,467
10,817
Trade and other payables: amounts falling due within one
year
(785)
(5,936)
3
10,032
2,531
Net current assets
Total assets less current liabilities
2,531
10,032
2,531
Net assets
10,032
Capital and reserves
Called up share capital
100
100
Retained earnings
2,431
9,932
2,531
10,032
Shareholders' funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Adrian Moll Director
These financial statements were approved and authorised for issue by the Board on 22 December 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
Draft
For the year ended 31 March 2021
MTA Tennis Limited
Notes to the Financial Statements
Statutory Information
MTA Tennis Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07977481.
Registered address:
The Oast,The EMR Centre
New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts relating to tennis coaching services provided.
Post balance sheet events and going concern
Up to and after the balance sheet date we have seen global uncertainty because of COVID-19 (coronavirus
pandemic). The business has faced challenges as the sports industry has been severly impacted by the lockdown
restrictions. I do however deem it is approprirate to prepare the accounts on a going concern basis as the company
has continued to operate and, with lockdown restrictions easing, profitability will continue to improve.
2. Trade and other receivables
2020
2021
£
£
Other debtors
1,985
1,164
3. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Other creditors
5,936
785
2 of 3
5
Draft
For the year ended 31 March 2021
MTA Tennis Limited
Notes to the Financial Statements Continued
4. Directors advances and guarantees
At 01/04/2020
Loaned
Repaid
At 31/03/2021
£
£
£
£
Tracy Larkin
DCA
(2,698)
(122)
701
3,277
(2,698)
(122)
701
3,277
Adrian Moll
DCA
(2,698)
(122)
701
3,277
(2,698)
(122)
701
3,277
5. Average number of persons employed
During the year the average number of employees was 3 (2020 : 2)
3 of 3