Silverfin false 30/04/2022 30/04/2022 01/05/2021 Mr T G Brocklebank Mr R G Denning Dr N Mckay 09/08/2021 Mr A D Moth 18/11/2021 09/08/2021 Mr S Nicholls 09/08/2021 Mr C A Price Mr N A Tinney Mr L Trescothick 25 August 2022 The principal activity of the Company during the financial year was activities of sports clubs. 09449233 2022-04-30 09449233 bus:Director3 2022-04-30 09449233 bus:Director4 2022-04-30 09449233 bus:Director5 2022-04-30 09449233 2021-04-30 09449233 core:CurrentFinancialInstruments 2022-04-30 09449233 core:CurrentFinancialInstruments 2021-04-30 09449233 core:Non-currentFinancialInstruments 2022-04-30 09449233 core:Non-currentFinancialInstruments 2021-04-30 09449233 core:RetainedEarningsAccumulatedLosses 2022-04-30 09449233 core:RetainedEarningsAccumulatedLosses 2021-04-30 09449233 core:LandBuildings 2021-04-30 09449233 core:FurnitureFittings 2021-04-30 09449233 core:LandBuildings 2022-04-30 09449233 core:FurnitureFittings 2022-04-30 09449233 core:CostValuation 2021-04-30 09449233 core:CostValuation 2022-04-30 09449233 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-04-30 09449233 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2021-04-30 09449233 core:MoreThanFiveYears 2022-04-30 09449233 core:MoreThanFiveYears 2021-04-30 09449233 2021-05-01 2022-04-30 09449233 bus:FullAccounts 2021-05-01 2022-04-30 09449233 bus:SmallEntities 2021-05-01 2022-04-30 09449233 bus:AuditExemptWithAccountantsReport 2021-05-01 2022-04-30 09449233 bus:CompanyLimitedByGuarantee 2021-05-01 2022-04-30 09449233 bus:Director1 2021-05-01 2022-04-30 09449233 bus:Director2 2021-05-01 2022-04-30 09449233 bus:Director3 2021-05-01 2022-04-30 09449233 bus:Director4 2021-05-01 2022-04-30 09449233 bus:Director5 2021-05-01 2022-04-30 09449233 bus:Director6 2021-05-01 2022-04-30 09449233 bus:Director7 2021-05-01 2022-04-30 09449233 bus:Director8 2021-05-01 2022-04-30 09449233 core:LandBuildings core:BottomRangeValue 2021-05-01 2022-04-30 09449233 core:LandBuildings core:TopRangeValue 2021-05-01 2022-04-30 09449233 core:FurnitureFittings 2021-05-01 2022-04-30 09449233 2020-05-01 2021-04-30 09449233 core:LandBuildings 2021-05-01 2022-04-30 09449233 core:Non-currentFinancialInstruments 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Company No: 09449233 (England and Wales)

TRURO RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 April 2022
Pages for filing with the registrar

TRURO RUGBY FOOTBALL CLUB LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2022

Contents

TRURO RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2022
TRURO RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 522,975 527,926
Investments 4 1 1
522,976 527,927
Current assets
Stocks 5,500 0
Debtors 5 11,276 3,090
Cash at bank and in hand 244,246 86,349
261,022 89,439
Creditors
Amounts falling due within one year 6 ( 26,364) ( 9,690)
Net current assets 234,658 79,749
Total assets less current liabilities 757,634 607,676
Creditors
Amounts falling due after more than one year 7 ( 116,666) ( 19,649)
Net assets 640,968 588,027
Reserves
Profit and loss account 640,968 588,027
Total reserves 640,968 588,027

For the financial year ending 30 April 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Truro Rugby Football Club Limited (registered number: 09449233) were approved and authorised for issue by the Board of Directors on 25 August 2022. They were signed on its behalf by:

Mr C A Price
Director
TRURO RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2022
TRURO RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Truro Rugby Football Club Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Truro Rugby Football Club, St Clements Hill, Truro, Cornwall, TR1 1NY, United Kingdom. The company's registered number is 09449233.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

[Input type of fixed asset and rate of depreciation]

Land and buildings 8 - 50 years straight line
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 10

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 May 2021 540,991 31,266 572,257
Additions 5,257 2,250 7,507
At 30 April 2022 546,248 33,516 579,764
Accumulated depreciation
At 01 May 2021 34,398 9,933 44,331
Charge for the financial year 9,599 2,859 12,458
At 30 April 2022 43,997 12,792 56,789
Net book value
At 30 April 2022 502,251 20,724 522,975
At 30 April 2021 506,593 21,333 527,926

4. Fixed asset investments

Investments in subsidiaries

2022
£
Cost
At 01 May 2021 1
At 30 April 2022 1
Carrying value at 30 April 2022 1
Carrying value at 30 April 2021 1

5. Debtors

2022 2021
£ £
Trade debtors 7,007 1,790
Amounts owed by own subsidiaries 21 4
Prepayments 4,248 1,296
11,276 3,090

6. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 2,222 2,333
Trade creditors 10,564 3,194
Other creditors 0 500
Accruals 2,690 1,000
Other taxation and social security 8,971 962
Obligations under finance leases and hire purchase contracts 1,917 1,701
26,364 9,690

7. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 16,667 17,667
Obligations under finance leases and hire purchase contracts 0 1,982
Other creditors 99,999 0
116,666 19,649

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2022 2021
£ £
Bank loans (repayable by instalments) 7,294 0
Other creditors (repayable by instalments) 62,499 0
69,793 0

8. Liability of members

The members of the Truro Rugby Football Club Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.