SWIM TORQUAY LIMITED UNAUDITED ACCOUNrs FOR THE YEAR ENDED 31 ST OCTOBEK 2023
SWIM TORQUAY LIMITED INDEX TO THE LfNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 ST ocfoBEIL 2023 PAGE NO. l. Directors, and Trustees, rew)rt 2. Profit and Loss Account 34. Balance Sheet 5-6. Notes to the Financial Ststements 7-8 Trading and Profit and Loss Account 9. JndeFendent accountant's report
swtm TORQUAY LIMITED REPORT OF THE DIRECTORS AND TRusfEES The directorn and trustees prwt their reFQrt and the financial ststements tsr the year ended 315t Cktober, 2023 PRfNCIPAL OBJEcfs AND AcftVIIIES The principal object activity of the company con¢inueg to be that of rpJnnin8 a public swimming pool, in accordance with the Memoranthm and Articles of Association of the company. REvw The company runs the Fwl ar¥] facilities on a self-financing isi& CHARITABLE STATUS The ¢(Mnpany is a rcgisiered charity. RESULTS The results for the year are set out in the Profit and Iths Accounl. DIRECTORS The directors thrOOllt the year were as follows.. ILG.W. Mgetts. P. Ty504 L. M. Pitts. K mritt. The company is limited by guarsntee and the directOT5 have no beneficial interest in any Shares. DMINESTRATtON The running ofthe pwl is und¢th by a Magernt committee.. The membeTS throughout the year were as follow5: Mr. R. Margetts, Mr. L. Pitts, Mr. P. Tysoe, Mrs. C. Wa]docK Mr. R Downing, Ms. K. Sundholm, Mrs. R Ives. Mr. A Bou1t0 Mrs. K MthTicI C William& A Brooks, L ClarK Mr IL Bkholer In pr¢paring thi8 reFrf thc directors h&ve tsken adv8nta8e of the special exemptions available to small mpanies. BY ORDER OF THE BOARD This report was approved by the Board of directors and the Tru5tres on 7th May 2024 Director Ig fri LPKKKS 7 PEGISTERED OFFICE: St Pauls Ro£ Plainmoor. Torquay. TQI 3QP BANKERS.. National WestminsteT Bank plc. 108 Union StreeL Torquay, TQ25PH REGISTERED COMPANY NUMBEIL. 01214211 REGISTERED CHARITY NUMBER: 272712 Page I
SWIM TOR UNAUDITED PROFrr AND LOSS ACCOUNT UAY LTD FOR THE YEAR ENDED 31.10.23 31.10.23 31.10.22 NOJES Turnover Cost of sales GROSS PROFrr ADMtNISTRATIVE COSTS 313957 299459 3295 296164" 323825 -27661 9710 -17952 2573 -15379 49813 34434 2554 311403 331078 -19675 39092 19417 2510 21927 34434 56361 Other operating income OPEIiATJNG LOSS FOR THE YEAR Non trading income PTofitnoss on ordinary activities before tuation Retained profit brougbt forward Retained profits 11088 ¢aTried forward The company has neither aquired or commenced any Dew business activities in the ycar nor discontinu¢d any opetations a[ it Iw no recognised gn$ or losses other than the profit/loss for the yeor There is no material difference between the profit for this year and the prior year as shown above and that on the histOriC81 cost b&sis The notes sct out on pa8cs 5 to 6 forn] an inte1 part of these accounts page 2
SWIM TOR UAYL AT croB 2023 Note FIXED ASSETS 248470 268623 CURRENT ASSETS 2887 16768 2173 DebtOTS and prepayments Bank deposit Baok FurLdrn]sin8 Deposit Bank current Cth in hand 3134l i(K)00 29117 2557 531 55185 8920 237 93997 75719 DEDUCT Creditors and accruals Amounts Oue within l year Trade creditors Otber creditors L£san ToTbay Council 18514 3372 1500 18472 5563 1500 23386 25535 NET CURRENT ASSETS 70611 50184 LONG TERM LIABILITIES L£Jan TOaY Council io -14250 -15750 304831 303057 RETAINED PROFITS At 1st November. 2022 sUluSIdefictt for th¢ year Balwhce ¢8rried foTw4rd RevaItion reserve 34434 21927 56361 248470 49813 -15379 34434 268623 li Canied fonv8rd 31.10.2023 304831 303057 Cominued on pa8e 4 page 3
swtm TORQUAY LIMITED LfNAUDITED BALANCE SHEEr (continued from th¢ previous page) In the directors, opinion forthe financi81 yw entsl 314 October 2023 the ccffnpany was entitled to exemption under sethion 447 of the companies Act 2006 relating 10 Small comwies. No members hav¢ required the company obtsin an audit of its accounts for the year end¢d 31. October 2023 in accordance with section 476 of the Companies Act 2006 The directors acknowledge their respX)IblIIty for mPlyIng with the requirements of the Act with These a¢counts have been Frepared in wxd8rKc with the Provisions applicable to rmpArries subje¢tto the small compani¢s' rcgimc In the directors, Opinic the cmpany w&8 ertided under section 447(2) of the Companies Act 2(M)6 to exemption from the audit of its accounts for the yeor ended 31st (ktober 2023.The member5 have not required the company to obtsin an audit in 8rdance with section 476 of the Companies Act The directors and eeS acknowledge their resportsibility for. ensuring the company keeps accounting rerxJrd5 which comply with the Componies Act 2006 preparing a¢counts which ve a tnle and fair view ofthc stat¢ of affairs of the eompany as at the end of the finarKiai y¢3r, and of its profit or loss for tk financi81 year in accordance with the requirements of the rel¢vani and whith ctherwise cMplY with the requiremcnts of the Compantes Act rel&tin8 to ac£ounts so far &s applicable to the compony. The 8CLounts have been prepared in aCc0th with the special w)visi(ms in Part Vll of the Companies ArA 1985 relating to small companies. Approved by the bc*rd on 7th May 2024 QMAeJc /. / Director JoL¥- The notes on pages 5 to 6 form an Integr ormese acwunL% Page 4
SWIM TORQUAY LIMITED NOTES TO THE UNAUDrrED AccouNrs FOR THE YEAR ENDED 31ST (oBE 2023 I. ACCOUNfNG FQLICIES a) Accounttng C(x]vention Thue financial $t8tem¢nts have L*en wepared undtr the hIStl¢¥I crnvention. b) Depreciation Ekpreciation 15 caiculat&a to vnitc off the cost of tangible fixed assets in equal annual installments over their useful lives as Set out below:. IchOld Prot 25 years, this being th¢ remaining temi of the lease Fixtures, Fittings and EAuipment 21Yh annum. ¢) Stocks Stocks are stated at the lower of cost realizable value 2. PROPERTY VALUATION The leasehold proF¢rty was revalugj in 2013 at the cost of tFR majw renovation work Undeen during the year. 3. TURNOVER Turnover repres¢nts the amount of taki, IkIng$ and saleg to customers durin8 the year. 4. STAFF COSTS Wagu and sal8ries Social se¢urity costs P¢nsion costs Self employeAJ trathers 21X)413 3984 1629 227 201210 7561 3367 1605 5 OPERATING LOSS I PROFIT This is stafrd after charging Depreciati 20153 Page 5
SWIM TOR UAY Accou[3 YEAR ENDED 31 OB 2023 Buildin COSTIVALUATION At Ist Novejnber 2022 Renovntton costs Lus Grant Sport EDglaThl At 31st Octobcr 2023 35.139 so0,0 -50,000 485,139 59.101 600,000 -150,000 509.101 ioo.(KN) -100.000 23.962 DEPRECIATION At lrt November 2022 Provision for the year At 31st October 2023 216516 20153 236669 23962 240478 20153 23962 260631 NET BOOK VALUB At IstNovember 2022 D•preciatiott for the y At 31st October 2023 268623 20153 268623 20153 248,470 248.470 The Le1Id properry w#s malued iti 2013 at the cost of the major renovation wrk undertak¢n duriD¥ the yeAr l¢J8 th anwunt of the W re¢¢ived from Sporf En8kn1. 22 7 DEBTO Trade debtorn 5708 11060 13586 17755 16768 3l34l 74105 41674 Tr&de CTeditors Ac¢DJals Other creditoffs Loan TBC 5801 L2713 7581 10891 5563 1500 3372 1500 23386 2553S 10 LOAN The long tern] loall of £30.(I)O ftom Torb3y COU11 is rep3yable in equal quarterly in5ts1JnEnts, the fjnal inst8brant beiD8 du¢ on 1.4.2034 11 REVALUATION RESERVE Bmught fon¥ud D¢preciatioD for th¢ year 01.11.2022 268623 20153 288776 20153 31.10.21n3 248470 268623 Pag¢ 6
. SWIM TOR UAY LTD ROFrr LOS 1.10. COME Entrallce Fe¢3.. T8kin85 Group lesson8 Jndividual lessons (in¢l]ill8 TriathloD) (kidicojnbe SC Torquay Leander SC Pool hire scbools etc. Portie8 47101 70144 49682 8340 37962 95312 2566 311107 70589 65159 7020 32682 74068 2330 295855 Sales- 8oggle8. bat4 b&d8es eertific4es el¢. Less ¢o$t of 8ale3 Hawdry c park ftts Vending CQTnmi5sion 2814 2554 3584 3295 260 36 2067 443 313913 289 20 1173 298737 Add Other Income.. Ballk InteSt received Grants Torbay Council HMRC- Furlough ply Natt"onal Leisure Recovery Fund Restsrt Grant 553 30648 52 379Y) 345114 302579 Freem8sons Donations Just Givi)18 Quiz nigbt Sponsors Torbay L Friend8 51)0 4256 67 690 134 1226 &58 45 1086 181 7891 5868 Total Jncome cated forw 3535 308447 poge 7
i)NAUD rNG & PROFIT & LOSS ACC 31 10.22 Totsl Income brougbt fornrd 353(K15 308447 Rent Water G&$ Electricity Ch¢micals Wages, saknies & Contract teacbeTS Stsff pension St&ff tr8ining wurses Insurance kepairs & reDew*ls 10446 9913 25954 4750 206667 1629 3057 11971 37313 9130 7133 24225 1678 210376 3367 0056 33177 kl_l. Telephone and iniernel Ststionery. advertisin8 offi¢e qu1prlt BID B8Dk and card ch8r8es LoaD intereit Commission Cl¢4nin8 W¥ste disposal 2146 4995 1733 3723 658 3675 806 2031 1753 2245 2710 3803 806 1590 2733 2405 331078 323825 Net surplUdefiClt 21.927 -] S,379
David J. Oldillg Accountant 71a Cad¢w¢ll Lanc Torquay TQ2 7HP Tel (01803) 614171 ED31 R202 In my Opinion (a) the accounts of tk for the year 31 Cttober. 2023 are in of th¢ Comparries Act 1985. (b) hallg regard ollty and on tbe I5 0£ th¢ infmation in tbose a¢countin8 provisions of the Act &8 in subs¢¢tion (6) of section 249C, so far as applicable to the Mpally. (c) baving regd only to. and on the blS o( the inforD]&ion in the acu)untiDg cord the company satisfied the reqUiremts of section 249A(4}. for the year etKkd 31° Octolr 2023, and did Dot fall within sc¢tion 249B(IXa) to (fj at any time witbin that fmanC1 year. David J. Oldmg Page 9