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Registration number: 13837058

Three Bridges Football Club Limited

Unaudited Filleted Financial Statements

for the Period from 10 January 2022 to 31 May 2023

 

Three Bridges Football Club Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Three Bridges Football Club Limited

Company Information

Directors

Paul Kamran Faili

Christopher Allan Irving

Registered office

65 Gales Drive
Three Bridges
Crawley
West Sussex
RH10 1QA

Accountants

Curve Accountancy
65 Gales Drive
Three Bridges
Crawley
West Sussex
RH10 1QA

 

Three Bridges Football Club Limited

(Registration number: 13837058)
Balance Sheet as at 31 May 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

162,000

Current assets

 

Stocks

5

2,500

Debtors

6

6,405

Cash at bank and in hand

 

82,865

 

91,770

Creditors: Amounts falling due within one year

7

(56,756)

Net current assets

 

35,014

Total assets less current liabilities

 

197,014

Creditors: Amounts falling due after more than one year

7

(64,021)

Net assets

 

132,993

Capital and reserves

 

Called up share capital

8

200

Revaluation reserve

167,417

Retained earnings

(34,624)

Shareholders' funds

 

132,993

For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 October 2023 and signed on its behalf by:
 

 

Three Bridges Football Club Limited

(Registration number: 13837058)
Balance Sheet as at 31 May 2023

.........................................
Paul Kamran Faili
Director

.........................................
Christopher Allan Irving
Director

 

Three Bridges Football Club Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
65 Gales Drive
Three Bridges
Crawley
West Sussex
RH10 1QA

The principal place of business is:
Jubilee Walk
Three Bridges
Crawley
West Sussex
RH10 1LQ

These financial statements were authorised for issue by the Board on 9 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Three Bridges Football Club Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2022 to 31 May 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Three Bridges Football Club Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2022 to 31 May 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

 

Three Bridges Football Club Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2022 to 31 May 2023

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

Revaluations

146,550

15,450

162,000

At 31 May 2023

146,550

15,450

162,000

Depreciation

Carrying amount

At 31 May 2023

146,550

15,450

162,000

5

Stocks

2023
£

Other inventories

2,500

6

Debtors

Current

2023
£

Trade debtors

6,046

Other debtors

359

 

6,405

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

10

7,680

Trade creditors

 

47,599

Taxation and social security

 

551

Other creditors

 

926

 

56,756

Creditors: amounts falling due after more than one year

 

Three Bridges Football Club Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2022 to 31 May 2023

Note

2023
£

Due after one year

 

Loans and borrowings

10

64,021

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary A of £1 each

100

100

Ordinary B of £1 each

100

100

 

200

200

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

167,417

167,417

10

Loans and borrowings

2023
£

Non-current loans and borrowings

Bank borrowings

33,037

Other borrowings

30,984

64,021

2023
£

Current loans and borrowings

Bank borrowings

6,480

Other borrowings

1,200

7,680