SWIM TORQUAY LIMrrED UNAUDITED AccouFrrs FOR THE YEAR ENDED 31ST OCTOBEK 2024
SWIM TORQUAY LIMtTED DEX TO THE UNAUDITED AccoUrS FOR THE YEAR ENDED 3 1ST ocfoBER, 2024 PAGE NO. l. Directors, and Trustres. rekK)rt 2. Profit and Loss Acu)unt 34. Balance Sheet 5-6. Notes to the Financial Statements 7-8 Trading and Profit and Loss Account 9. Independent accountant's rep)rt
SW I.M TORQUAY tJMtTED REPORT OF ThE DIRECTORS AND TRUSTEES Tb.e dirttlors and Prese their Tepcfft and the final statements the year ded 3 Isi (ktober. 2024 PRINCIPAL OBJECTS AND AcfIviTtES The principai object and activtty of company Continues to be th8t of running a public swimming pool, in ac£ord8nce with the Memorandum and Arricles of A$Sl8tion of the wmpany. REVIEW The cornpany the pcKJl aThl facilities on a self-finan¢ing b&is, CHAR]TABLE STATUS The company is a regist¢red th8rity. RESULTS The TesulL8 for the year are set out in the Profil and Loss Accou DJRECTORS 'rhe directws throughout tt year were as follows. R.G.W. Margetts. P. Ty8(K L. M Pitts. K. MeffitL The company 15 limited by guarantee and the directors have DO beneficial interest in any Sha5. ADMINISTRATION The running ofihe is uen by a comrnillea. The membets throu8hout the year were &8 follows.. Mr. R. Margetts. Mr. L. Piti& Mr. P. Tysoe, Mts. C. Wald Mr. R tkwnin& Ms. K. Sundholm, Mrs. R Ive5. Mr. A Boultorn Mrs. K MerricL C Williams. A Brooks. L Clark Mr li Backhol¢r. T L BXEMplloN In preparing this rem the directm havetaken that#a8e of exempbons available to Small compani&4. BY ORDER OF THE BOARD 14, ju 2025 RF.GISTERED OFFICE: St Pauls Road. Plainmc)r. Torquay, TQI 3QP BANKERS.. National westm1tr Bank plc. 108 Union StseeL TorqY? TQ25PH RF,CIlSTERED COMPANY NUMBER.. 01214211 REGisfERED CHAIUTY NUMBER.. 272712
WIM TOR UAY LTD OFIT AND LOS NDED 31.10.2 31.10.24 31.10.23 Turnover 311081 313957 Cost of sales 1759 2554 GROSS PROFIT 309322 311403 ADMfNISTRATIVE COSTS 369418 331078 -19675 Other operatin8 income 54050 39092 OPERATfNG LOSS FOR THE YEAR 19417 Non trading inwme 4240 2510 Profivloss on ordinary activities b¢fore thx*tion Retained profit brought forward -1806 21927 56361 34434 Retained profits I loss carried fonvard 54555 56361 The company has neither aqui or commertced any new business activities In the year nor discontinued any operntions and it h&s no recognised gains or losses other than the profiLlioss for the year There 1$ no material diff¢r¢n¢e between the profrt for this year and the prior year a5 Shown above and that on the historical cost basis The notes sei out on pa8es 5 to 6 f(xm an inte1 part of thw 0nts pag¢ 2
Sm TOR BALANCE SHEET AT31ST OBER 2024 -10.24 31.10.2 Note FIXED ASSETS 228317 248470 CURRFNT ASSETS Stock 1949 2887 Deor5 and prepaym Bank deposit Bwjk Fundraising Dwit Bank current Cash in halld 18230 16768 l(M)00 55185 8920 237 48524 6519 148 85370 93997 DEDUCT Creditors and a¢¢nJals Amounts due within l y Trade credilors Other creditors Loan Torbay Council 16350 215 1500 18514 3372 1500 18065 23386 NET CURRENT ASSETS 67305 70611 LONG TERM LIABILITIES Loan Tothay Coun¢il 10 -12750 -14250 ?82872 304831 RETAINED PROFITS At I st Noyetnber. 2023 surplUdefielt for ¢h¢ year Balan¢e ¢aTri¢d fonvard Revaluation reserv¢ 56361 -1807 54555 228317 34434 21927 56361 248470 Caffied forward 31.10.2024 282872 304831 Continued on page 4
SWIM TORQUAY LIMEfED UNAUDtTED BALAN SHEET (contin1 from the wevious page) In the direOr$, opinion forth¢ f1]c141 year end 31" October 2024 tk company w&8 entitl exempts.on under section 447 of the companies Act 21x16 relating to sm811 o)mp8nies. No members have required the company to Obt.n an guth"i of its accounts forthe year ended 31 Octokr 2024 in A¢¢(thc¢ with seLtion 476 of the C(rfnpanies Act 2 The director8 ackTh)wledge their re5Fonsibility for c4)mplying with the requirements of the Act with Th¢s¢ accounts have been prep in with the provisio applicable to comFwnies subj.ect to the small crrfnF1eS, regime In the dired, opinion c(Anw was erf(itled seAion 447(2) of the Companie5 Act 216 to exemption from the audit (rfits accounts forthe year ended 3 1st October 2023.The Mcmi have required the c4)mpany to otrknin an alit in accord with se¢tion 476 of the Companies Act The directors and trustees a¢knowl¢dge their Ksportsibility for. ensuring the CLxnpHny keep accoLmling rec4)rds which COTnply wTth the COmE)leY Act 21X)6 preparing accowts which give A true and fair viem, of the state of affairs of the eompany &8 Al the end of the finlai year, and of its profit or l¢)ss for the financial vear in COrdance with the rquirements of the relevant aTMI Ivhich otheniise compl} w'ith the requin¥nents oft Compdni¢s Act rel&ing to a¢counts so far &$ applicable to the company. Th¢ ounts have been prepared in aCcdanCe with the wial provisions in Part Vll of the Compam'es Act 1985 relating to sm811 comparnes. Apwoved by the board t {4 2025 Director The notes on pages 5 to 6 forni an iTrtegral F*rt ofthtse accountr
SWIM TORQUAY LIMrrED N(yfES TO THE LfNAUDtfED AccouFrrs FOR THE YEAR ENDED 31 ST OCTOBEK 2024 I. ACCOUNTfNG tY)LICIES a) AccL)untin8 Conventi These finaneiai stalements have teen prepared under the historical cosl convention. b) Depreciation D¢preci&tion is calculated to writ¢ off th¢ cost of tangible fixed &s%ts in eq1 wVAl installments over their useful liv as set out below:. Leasehold Property 25 yeATS, this being the rem8inin8 trrni of the le Fixture4 Fittin8s and uIpMent per amum. ) Stocks Stock5 are stated at the lower of cost or net realizablt value 2. PROPERTY VALUATION The leasehold propety was revalued in 2013 at the cost of the major renovation work undettsken during the year. 3. TURNOVER Thrnover represents the amount of tskings, TrM)okings and sales to customers during the ye. 4. STAFF COSTS 2023 Wagas and salaries Social security costs Pension costs Self-employed teachers 2(Kh568 69 1057 1945 2(MM13 3984 l629 227 203739 208296 5 OPERATtNG LOSS I PROFrr This is stated after clwging Ikprecialion 20153 20153 Page 5
SWIM TOR Y LIMITED O THE UNAUDITED EAR ENDED 31ST (OBER 2024 E FIXED ASSEr Buildin Fittin Plallt COSTNALUATION At 1st November 2023 Renovatton costs Less Grant Sport Engknnd At 31 October 2024 35,139 500.0(K> -50,(M)O 485,139 23,962 I.000 -100,O(KJ 23.962 59.101 600,000 -150,000 509,101 DEPRECIATION At 1st November 2023 Provision for ihe yehr At 3 1st Odober 2024 236669 20153 23962 260631 20153 256822 23962 280784 NET BOOK VALUE At Isi NovembLT 2023 Depreciation for the year 248470 20153 248470 20153 At 3 1st (k¢ober 2024 228J17 228.317 The Lewhold proprty was revalued in 2013 at the c05t of the major renovation work w)denaken during the year less the amount of the grant ceIVed from Sport En8land. Trade debtors Other d¢btor5 7685 10545 5708 11060 18230 16768 8BAN 65043 74105 £BEQLQES." amounts f&llin8 due within one year Trade ¢r¢ditors Accruals 6660 9690 5801 12713 Other cr¢dÉtors Loan TBC 216 1500 3372 1500 18066 23386 10 LOAN The Iotlg terni loan of £30.0(K) from Torbay Ctyjncil is Tepllyable in qual quarterly instaimenty the final instalrnent be&ng due on 1.4.2034 I I REVALUATION RESERVE Broughi fonwd Depreciation fry th¢ year 01.112023 248470 268623 20153 20153 31.102024 228317 248470
SWIM TOR UAY LTD UNAUDifED TRADING & PROFIT & LOSS ACCOUNT Year eftd Year end 3 1st October 2024 tNCOME Entrance Fees: Takings Group lessons Individual lessons Oddicombe SC Torquay Leander SC Pool hire scbooLs et¢. Parties 47795 55340 39230 4833 486T2 47101 70144 49682 8340 37962 95312 2566 31I107 2150 309144 Sale$- goggles, haty bad8es. certificatrs etc. Les$ cost of sales HairdryeTS Car park fee5 Vending ¢ommission 1874 1759 2814 2554 260 63 36 2067 2474 1766 313562 443 313913 Add Other Income.. Bank interest received Grant8 ToTbay Council Community Grants Gift Aid 1034 12(K¥J 20915 1052 553 30648 350 348562 31201 345114 DRAlStNG.. Freemasons Valencia Babbacombe fair Donations Quiz Spires Xmas Fair ToTbay Lottery Friend$ Warburtons MJyoV$ fund Sundry 500 12( 708 2125 71x1 597 195 1055 41N) 500 4606 690 134 1226 669 19049 735 7891 Tots] Income rIed forward 367611 353005
SWIM TOR UAY LTD UNAUDITED PROFtT & YeaT en 31st 31.10.24 1.10.23 Total Income brought fonvard 367611 353005 Reni Wat¢r Gas Eleetri¢ity Ch¢Anirals W¥4g¢5, salaries & Contract teachers Staff pension Staff trainin8 COUtSeS Insuran¢e Repairs & renewal$ Tel¢phon¢ and internet Stationery. advcrtising and office equipment Bank and card chaTg65 Loan interest Cleaning W&ste disposal Sundry Net deficit lsurplus 900 11)446 9913 25954 4750 206667 1629 3057 11971 37313 2146 4995 3803 806 1590 2733 2405 10281 19927 32069 5794 202682 1057 3418 59908 1505 6311 3610 806 2974 3345 1482 369418 331078 -1.807 21.927
David J. Olding Accountant 71 a Cadewell Lane Torquay TQ2 7HP Tcl (01803) 614171 sw.[oR UAY LINIITED ACCOUNTS FOR THE YEAR ENDED 31SI' OCTOBER 2024 In my opinion (a) the acC)Unts of the company for the year ended 31$1 October, 2024 are in agreement wtth the accounting records kepi by the conipany under section 221 of the Companies Act 1985. (b) having regard only to, and on the b&8is 0£ the infom]atson in those accountin8 records. tbose accounts have been drai4n up in a manner consistent with the provisions of the Act &$ specified in subsection {6) of sectson 249C, so far &8 applicable to the company. (c) having regard on]y to. and on the ba.$ of. the inforn)ation in the accounting records. the company satisfied the rcqUernents of sectson 249A(4), for the vear ended 31" October 2024. and did not fall within sxtion 249B(I)(a) to (n at any time within that financial year. David J. Oldg 4c¢ounlant Datc= 12 Page 9