Registered Number
8171320
CBLTSC Ltd
(a company limited by guarantee) t/a Chesham Bois Lawn Tennis and
Squash Club
Report and Accounts
31 July 2015
CBLTSC Ltd
(A Company Limited by Guarantee)
Registered Number
8171320
Director's Report
The board of directors presents the report and accounts for the year ended 31 July 2015.
Principal activities
The company's principal activity during the year continued to be the running of a Lawn Tennis and
Squash Club, limited by guarantee.
Directors
The following persons served as directors during the year:
S Ellis-Jones
P Jordan
R Ballingall
J Sperling
P Vicary
There were no change of directors to report
This report was approved by the board of director's on 3 November 2015.
S Ellis Jones
Chair
Page 1
and
CBLTSC Ltd
Accountants' Report
Accountants' report to the board of directors of
CBLTSC Ltd
You consider that the company is exempt from an audit for the year ended 31st July 2015 You have
acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps
accounting records which comply with Companies Act 2006 with respect to accounting records and
the preparation of accounts. These responsibilites include preparing accounts which give a true and
fair view of the state of affairs of the company and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the accounting records of the company
and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any
opinion on these accounts.
Land & Scales Ltd
Chartered Management Accountants
Cadomin
Wards Cross
Hurst
Berks
3 November 2015
Page 2
CBLTSC Ltd
(A Company Limited by Guarantee)
Profit and Loss Account
for the year ended 31 July 2015
Notes
2015
£
2014
£
Turnover
233808.61
215258.08
Cost of sales
-96000.38
-122804.24
Gross surplus
137808.23
92453.84
-127292.19
-147800.24
10516.04
-55346.40
448.74
299.33
10964.78
-55047.07
0.00
0.00
10964.78
-55047.07
Administrative expenses
Operating profit/(loss)
Interest receivable
Profit/(loss) on company activities before taxation
Tax on profit/(loss) on company activities
loss/(profit) for the financial year
Page 3
CBLTSC Ltd
(A Company Limited by Guarantee)
Balance Sheet
as at 31 July 2015
Notes
2015
£
2014
£
127732.92
341835.99
469568.91
127732.92
341835.99
469568.91
Fixed assets
Freehold
Tangible assets
2
3
Current assets
Bar Stocks
Debtors
4
Santander Current
Santander Reserve
Cash at Bank
Cash in hand
Creditors: amounts falling due
within one year
5
4371.24
4114.08
34429.79
85534.73
19510.26
370.52
148330.62
4816.55
5623.44
69445.74
45085.99
15623.00
0.00
140594.72
-41173.21
-42002.09
Net current assets
107157.41
98592.63
Total assets less current liabilities
576726.32
568161.54
-54600.00
-57000.00
522126.32
511161.54
522126.32
511161.74
522126.32
511161.74
Creditors: amounts falling due after
more than one year
6
Net assets
Capital and reserves
Reserves
7
Member's funds
The chair of the board of directors is satisfied that the company is entitled to exemption under Section 477 of the
Companies Act 2006 and therefore there is no requirement for an audit pursuant to section 476 of the Act.
The board acknowledges its responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006
applicable to companies subject to the small companies regime.
Peter Jordan
Treasurer
Approved by the board on 3 November 2015
Page 4
CBLTSC Ltd
(A Company Limited by Guarantee)
Notes to the Accounts
for the year ended 31 July 2015
1
Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective April 2008)
Turnover
Turnover represents the value, net of value added tax and discounts, of memberships and bar
income provided to members.
Land and Buildings
Fixtures and Fittings
All other assets
Depreciation not considered necessary due to
Regular Maintenance
Annual Investment Allowance
Annual Impairment Review - where required
Stocks
Stock is valued at the lower of cost and net realisable value.
2
3
Freehold
£
Cost
At 1 August 2014
145863.44
At 31 July 2015
145863.44
Depreciation
At 1 August 2014
18130.52
At 31 July 2015
18130.52
Net book value
At 31 July 2015
127732.92
At 31 July 2014
127732.92
Tangible fixed assets
Fixtures and
Fitting
£
Tennis
Court
£
Squash
Courts
£
Total
£
Cost
At 1 August 2014
47264.20
186659.67
251699.38
485623.25
At 31 July 2015
47264.20
186659.67
251699.38
485623.25
Depreciation
At 1 August 2014
47264.20
96523.06
0.00
143787.26
At 31 July 2015
47264.20
96523.06
0.00
143787.26
Net book value
At 31 July 2015
0.00
90136.61
251699.38
341835.99
At 31 July 2014
0.00
90136.61
251699.38
341835.99
Page 5
4
Debtors
Debtors
VAT Debtor
Prepayments and Accruals
5
2014
£
3073.11
0.00
1040.97
3708.60
863.14
1051.70
4114.08
5623.44
2015
£
2014
£
5756.58
14000.00
-0.18
832.03
1137.96
19446.82
10791.89
12000.00
-0.18
375.56
1137.96
17696.86
41173.21
42002.09
2015
£
2014
£
9000.00
12000.00
33600.00
0.00
15000.00
42000.00
54600.00
57000.00
Creditors: amounts falling due within one year
Trade creditors
Other Creditors - Light and Heat
Corporation tax (interest received net since 2012)
PAYE creditor
Accounts Accrual
Fob Prepayment and Accruals
6
2015
£
Creditors: amounts falling due after one year
LTA Loan
LTA
Loan
Solar Loans
Tennis Loans
The LTA Loan was for £10000, received in October 2014. The first repayment of £1000 was
made in April 2015 and every 6 months thereafter.
The first capital repayment for the Solar loans were repaid in August 2014
The first £8400 capital repayment for the tennis loans has been repaid, with £2700
being offset to Tennis subscriptions and £5700 capital cash repayments made
7
8
Profit and loss account
2015
£
2014
£
At 1 August
Profit/(loss) for the year
511161.54
10964.78
566208.81
-55047.07
At 31 July
522126.32
511161.74
2015
£
750.00
2014
£
0.00
750.00
0.00
Restricted funds
LTA Aspirantes fund
Page 6
9
Share Capital
The company is limited by guarantee and has no share capital
Every member of the company undertakes to contribute to the assets of the company
in the event of the winding up, such an amount as may be required not exceeding £1
10 Controlling Party
The company is under the control of its members
Page 7
CBLTSC Ltd
(A Company Limited by Guarantee)
Schedule to the Profit and Loss Account
for the year ended 31 July 2015
for the information of the members only
2015
£
2014
£
32,025.33
33,024.00
6,890.00
103,822.97
750.00
570.00
1,318.80
6,180.00
663.02
370.52
1,000.00
854.17
5,989.51
1,378.63
38,971.66
31,416.96
35,135.55
5,428.00
91,340.32
495.84
835.85
5,635.99
199.99
60.47
100.00
625.00
4,271.96
616.79
1,102.79
37,992.57
233,808.61
215,258.08
1,528.00
1,644.43
1,798.73
5,728.87
59,236.00
1,350.00
570.00
7,576.00
398.77
1,918.50
2,338.01
227.99
372.00
260.00
3,726.00
1,750.00
565.00
4,812.08
200.00
520.00
1,393.52
1,478.92
7,274.53
86,597
1,100.00
495.84
1,799.50
1,680.00
600.00
2,241.50
3,074.55
3,899.48
439.75
393.00
2,734.54
1,920.00
1,002.00
4,000.50
159.61
96,000.38
122,804.44
Sales
Squash Subs income
Squash Court Fees Income
Squash Junior Income
Tennis Subs Income
Tennis Grant Income
Tennis Sale of Wimbledon Tickets
Tennis Non Member Fee Income
Tennis Open Junior Income
Tennis Tournaments Income
Junior Friday Night income
Tennis Income - Donation
House Shop Rental
House Social Events Income
PAYE refund SMP 2009/10
Solar Panel income
House Bar Income
Cost of sales
Tennis League Fees
Tennis Balls
Tennis Trophies and Fees
Tennis Court General Maintenance
Tennis Court Refurbishment
Tennis LTA Affliation Fees
Cost of Wimbledon Tickets
Tennis Performance fee & Head Coach
Junior Night Costs + Coach
Junior Tournament fee
Other Coaching Activities
Open Junior
Junior Coaching and Mini fees
Tennis Notice Boards
Squash Trophies Expenses
Sqaush Court Maintenance
Squash England & Bucks Fees
Squash Bucks Expense
Squash Coaching Expense
Squash Exhibition Events
Page 8
Administrative expenses
Employee costs:
Manager's Wages
Bar Wages
Employer's NI
Motor expenses
House costs:
Rent - Water Cooler
Rates
Light and heat
Bar Expenses
Social Events
Cleaning
Ground Maintenance
General Expenses
Solar Panel Costs
16,012.50
12,239.06
-
20,024.44
11,075.56
993.46
76.00
28,251.56
32,169.46
429.00
5,831.59
13,296.21
26,100.71
4,643.37
10,379.15
12,079.53
-
644.00
4,680.62
13,214.42
23,430.64
3,153.20
10,126.38
13,198.29
15.98
15,840.00
72,759.56
84,303.53
2,431.09
1,247.46
762.32
8.00
639.64
2,273.49
1,242.75
513.93
398.08
2,680.81
8,509.25
313.02
1,362.97
262.80
1,108.66
61.47
1,194.53
436.59
48.00
978.01
2,829.65
562.58
557.02
650.00
1,712.49
15,463.98
162.49
1,297.15
57.50
22,645.61
27,120.12
3,635.46
-
3,157.46
1,049.67
3,635.46
4,207.13
127,292.19
147,800.24
General administrative expenses:
Telephone and fax
Postage
Tennis stationary and Postage
Stationery and printing
Bank Charges
Credit card charges
Insurance
Licences
Equipment expensed
Equipment hire
IT
Repairs and maintenance
House Sundries
Tennis Sundries
Squash Sundries
Legal and professional costs:
Accountancy and club book keeping fees
Other legal and professional
Page 9
CBLTSC Ltd
(A Company Limited by Guarantee)
Profit and Loss Account
for the year ended 31 July 2015
Tennis
for the information of the members only
Notes
2015
£
2014
£
Income
Tennis Subs Income
Tennis Aspirantes grant - restricted
Tennis Sale of Wimbledon Tickets
Tennis Open Junior Income
Tennis Tournament Income
Junior Friday night
2015 Donation
Non Member Fee Income
103823
750
570
6180
663
371
1000
1319
91340
0
496
5636
200
60
0
836
114675
98568
Expenditure
Tennis Affiliation Fee
Tennis Court Annual Maintenance
Tennis Court Refurbishment
Tennis Trophies/fees
Tennis Sundries
Tennis Balls
Tennis Printing, Postage and Stationary
Tennis - Cost of Wimbledon Tickets
Tennis - Performance and Head Coach fees
Tennis - League Fee
Tennis - Junior night
Tennis - Junior and Mini Coaching
Tennis - Other Coaching Activities
Tennis - Open Junior
1
2
1350
5729
59236
1799
1735
1644
1247
570
7576
1528
399
228
1919
2338
Surplus/(deficit) for the financial year
Less House Costs 52.5%
Add Bar Profits 52.5%
Surplus
Page 10
87298
115086
27378
-40639
332
-16518
(12,930)
NOTES
1
2
1620
7275
86597
1479
1737
1394
1195
496
1800
0
1680
3899
2242
3675
Includes TPG data costs
Majority of payments made direct, cost of extra allocation
CBLTSC Ltd
(A Company Limited by Guarantee)
Profit and Loss Account
for the year ended 31 July 2015
Squash
for the information of the members only
Notes
2015
£
2014
£
Income
Squash Subscriptions
Squash Court fees
Squash Junior Coaching Income
32025
33024
6890
31417
35136
5428
71939
71981
Expenditure
Squash Junior Coaching Expense
Squash Court Maintenance
Squash Trophies/fees
Squash Sundry Expense
Squash - Exhibition Events
Squash Eng and Bucks Fees
Surplus for the financial year
Less House costs 47.5%
Add Bar profits 47.5%
Surplus
NOTES
Page 11
4812
3726
260
263
200
2315
4001
2735
393
58
160
2922
11576
10267
60363
(36,769)
300
61713
23,895
CBLTSC Ltd
(A Company Limited by Guarantee)
Profit and Loss Account
for the year ended 31 July 2015
for the information of the members only
House
Notes
2015
£
2014
£
Income
General Income
Bank Interest
Social Events income
PAYE refund SMP from 2009/10
Solar Panel income
Shop rental
1
2
0
449
5990
0
1379
854
100
299
4272
617
1103
625
8671
7016
Expenditure
General Expenses
Credit Card Processing
Management Wages
Council tax and Water Rates
Licences
Light and Power
Ground Maintenance
Bank charges
Motor Expenses
General House Repairs and Maintenance
Solar Panel costs
Cleaning
Office Expenses
Insurance
Accountancy and Book keeping
Social events
Water Cooler
IT
Legal Fees
Deficit for the financial year
3
4
5
6
1225
640
16013
5832
1243
13296
12080
8
0
8510
0
10379
3193
2273
3635
4643
429
2681
1385
978
21018
4681
563
13214
13198
48
76
15464
15840
10126
1607
2830
3157
3153
644
1712
1050
0
86080
110745
-77409
-103729
NOTES
1
Bank interest is paid net of tax
2
SMP payment that was identified as unpaid by HMRC but required request for repayment & proof
Employee had been under investigation via Social Services and SMP was unlikely to be refunded
Page 12
3
Electric accrual £14,000 to date
4
Includes purchase of Fosse Tractor for ground maintenance
5
includes work done on the gas mains in 2014 figures(£3592)
6
Change of title Legal fees and Architect fees in 2014
Page 13
CBLTSC Ltd
(A Company Limited by Guarantee)
Profit and Loss Account
for the year ended 31 July 2015
BAR
for the information of the members only
Notes
2015
£
2014
£
Income
Bar Sales
38972
37993
38972
37993
Expenditure
Bar Wages
Bar Purchases
1
Surplus for the financial year
NOTES
1
As per the payroll 2015 (excludes J Sperling)
Page 14
12239
26101
11076
23427
38340
34502
632
3490