Registered number
08089962
RESOLVEN RUGBY AND CRICKET CLUB LIMITED
Filleted Accounts
30 April 2023
RESOLVEN RUGBY AND CRICKET CLUB LIMITED
Registered number: 08089962
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 162,269 166,013
Current assets
Stocks 2,781 2,649
Investments held as current assets 4 200 200
Cash at bank and in hand 49,407 75,300
52,388 78,149
Creditors: amounts falling due within one year 5 (2,691) (5,666)
Net current assets 49,697 72,483
Total assets less current liabilities 211,966 238,496
Creditors: amounts falling due after more than one year 6 (2,720) (2,720)
Net assets 209,246 235,776
Capital and reserves
Income and Expenditure Account 209,246 235,776
Members' Funds 209,246 235,776
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Benjamin Seymour
Director
Approved by the board on 24 September 2023
RESOLVEN RUGBY AND CRICKET CLUB LIMITED
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 161,698 86,500 248,198
At 30 April 2023 161,698 86,500 248,198
Depreciation
At 1 May 2022 - 82,185 82,185
Charge for the year - 3,744 3,744
At 30 April 2023 - 85,929 85,929
Net book value
At 30 April 2023 161,698 571 162,269
At 30 April 2022 161,698 4,315 166,013
4 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 200 200
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,133 1,133
Taxation and social security costs 1,233 4,208
Other creditors 325 325
2,691 5,666
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 2,720 2,720
7 Other information
RESOLVEN RUGBY AND CRICKET CLUB LIMITED is a private company limited by guarantee and incorporated in England and Wales. Its registered office is:
The Clubhouse
Vaughan Field
Ardwyn Terrace
Resolven
SA11 4LY
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 winding up, such an amount as may be required not exceeding £1.
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