Ledbury Rugby Football Club Limited
Unaudited Filleted Accounts
30 June 2023
Registered number
07148112
Ledbury Rugby Football Club Limited
Registered number: 07148112
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 172,556 173,206
Investments 4 120 120
172,676 173,326
Current assets
Stocks 3,560 3,051
Debtors 5 85,586 56,090
Cash at bank and in hand 118,480 117,496
207,626 176,637
Creditors: amounts falling due within one year 6 (48,872) (50,925)
Net current assets 158,754 125,712
Total assets less current liabilities 331,430 299,038
Creditors: amounts falling due after more than one year 7 (31,250) (43,750)
Net assets 300,180 255,288
Capital and reserves
Profit and loss account 300,180 255,288
Members'' funds 300,180 255,288
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 J D Wilesmith
Director
Approved by the board on 7 November 2023
Ledbury Rugby Football Club Limited
Notes to the Accounts
for the year ended 30 June 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).
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the forseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.
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.
Government grants
Government grants are recognised on an accruals basis and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either 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 life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Therefore actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by the directors in preparing these financial statements other than those detailed in these accounting policies.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 4% straight line basis
Leasehold land and buildings over the lease term
Plant and machinery 15% reducing balance basis
Fixtures, fittings, tools and equipment 15% and 25% reducing balance basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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 insignificant risk of a change in value.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 255,266 152,300 407,566
Additions 5,685 14,598 20,283
At 30 June 2023 260,951 166,898 427,849
Depreciation
At 1 July 2022 144,145 90,215 234,360
Charge for the year 10,362 10,571 20,933
At 30 June 2023 154,507 100,786 255,293
Net book value
At 30 June 2023 106,444 66,112 172,556
At 30 June 2022 111,121 62,085 173,206
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2022 120
At 30 June 2023 120
The company owns 100% of the issued share capital of The Pavilion Rooms (Ledbury) Limited, a company incoporated in England, whose registered office is:
New Club House
Ross Road
Ledbury HR8 2LP
The loss after tax the the year ended 30 June 2022 was £12 and the net asset value of the company was £206.
5 Debtors 2023 2022
£ £
Trade debtors 4,044 7,138
Other debtors 2,364 6,469
Prepayments and accrued income 79,178 42,483
85,586 56,090
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,704 9,087
Amounts owed to group undertakings and undertakings in which the company has a participating interest 18,735 21,844
Other creditors 12,500 15,500
Accruals and deferred income 14,933 4,494
48,872 50,925
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 31,250 43,750
8 Related party transactions
During the year the company undertook transactions with its subsidiary company in the normal course of business. The value of sales was £24,000 (2022 £18,000) and purchases totalled £15,860 (2022 £9,389).
In addition, the company received donations amounting to £74,000 (2022 £31,400) from the subsidiary under the Community Amateur Sports Clubs (CASC) scheme , of which £71,800 was owed at the year end.
9 Other information
Ledbury Rugby Football Club Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
New Club House
Ross Road
Ledbury
Herefordshire
HR8 2LP
In the event of a winding up, each member's liability is limited to £1 each.
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