Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3188falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01truetrue 10152324 2022-03-31 10152324 2022-04-01 2023-03-31 10152324 2021-06-01 2022-05-31 10152324 2023-03-31 10152324 2022-05-31 10152324 c:Director4 2022-04-01 2023-03-31 10152324 d:CurrentFinancialInstruments 2023-03-31 10152324 d:CurrentFinancialInstruments 2022-05-31 10152324 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10152324 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10152324 d:ShareCapital 2023-03-31 10152324 d:ShareCapital 2022-05-31 10152324 d:RetainedEarningsAccumulatedLosses 2023-03-31 10152324 d:RetainedEarningsAccumulatedLosses 2022-05-31 10152324 c:FRS102 2022-04-01 2023-03-31 10152324 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10152324 c:FullAccounts 2022-04-01 2023-03-31 10152324 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10152324 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10152324










RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD
REGISTERED NUMBER: 10152324

BALANCE SHEET
AS AT 31 MARCH 2023

31 March 2023
31 May 2022
Note
£
£

  

Current assets
  

Stocks
 5 
4,630
2,914

Debtors: amounts falling due within one year
 6 
565
5,269

Cash at bank and in hand
 7 
15,208
20,913

  
20,403
29,096

Creditors: amounts falling due within one year
 8 
(39,724)
(36,755)

Net current liabilities
  
 
 
(19,321)
 
 
(7,659)

  

Net liabilities
  
(19,321)
(7,659)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(19,322)
(7,660)

  
(19,321)
(7,659)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
D B Griffiths
Director

Date: 19 November 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Rushden & Higham Rugby Football Club Trading Ltd ("the Company") is a company limited by guarantee, domiciled and incorporated in the UK. The Company is registered at Century House, The Lakes, Northampton, NN4 7HD. The prinicipal place of business is Manor Park, Bedford Road, Rushden, Northants, NN10 0SA.
The company has changed its financial accounting date to 31 March 2023. These financial statements are for the period of ten months.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 8 (2022 - 8).


4.


Donations under Gift Aid

The company donates within nine months of its accounting period end under the Gift Aid provisions, an amount equal to its taxable profits for the accounting period, to Rushden & Higham Rugby Football Club Ltd. Subsequently, the company is not liable to pay corporation tax to HM Revenue and Customs.

Page 3

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Stocks

31 March 2023
31 May 2022
£
£

Goods for resale
4,630
2,914



6.


Debtors

31 March 2023
31 May 2022
£
£


Trade debtors
565
5,269



7.


Cash and cash equivalents

31 March 2023
31 May 2022
£
£

Cash at bank and in hand
15,208
20,913



8.


Creditors: Amounts falling due within one year

31 March 2023
31 May 2022
£
£

Trade creditors
8,308
5,138

Amounts owed to group undertakings
28,057
26,383

Other taxation and social security
1,487
2,449

Other creditors
1,872
2,785

39,724
36,755



9.


Financial instruments

All debtors and creditors are basic financial instruments and are held at amortised cost.

Page 4

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Controlling party

Rushden & Higham Rugby Football Club Ltd is the Company's controlling party by virtue of their shareholding.
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
Page 5