Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseNo description of principal activity33truetrue 10209218 2022-06-01 2023-03-31 10209218 2021-06-01 2022-05-31 10209218 2023-03-31 10209218 2022-05-31 10209218 2021-06-01 10209218 1 2022-06-01 2023-03-31 10209218 1 2021-06-01 2022-05-31 10209218 d:Director5 2022-06-01 2023-03-31 10209218 e:Buildings 2022-06-01 2023-03-31 10209218 e:Buildings 2023-03-31 10209218 e:Buildings 2022-05-31 10209218 e:Buildings e:OwnedOrFreeholdAssets 2022-06-01 2023-03-31 10209218 e:Buildings e:LongLeaseholdAssets 2022-06-01 2023-03-31 10209218 e:Buildings e:LongLeaseholdAssets 2023-03-31 10209218 e:Buildings e:LongLeaseholdAssets 2022-05-31 10209218 e:FurnitureFittings 2022-06-01 2023-03-31 10209218 e:FurnitureFittings 2023-03-31 10209218 e:FurnitureFittings 2022-05-31 10209218 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-06-01 2023-03-31 10209218 e:OwnedOrFreeholdAssets 2022-06-01 2023-03-31 10209218 e:CurrentFinancialInstruments 2023-03-31 10209218 e:CurrentFinancialInstruments 2022-05-31 10209218 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 10209218 e:CurrentFinancialInstruments e:WithinOneYear 2022-05-31 10209218 e:OtherMiscellaneousReserve 2022-06-01 2023-03-31 10209218 e:OtherMiscellaneousReserve 2023-03-31 10209218 e:OtherMiscellaneousReserve 1 2022-06-01 2023-03-31 10209218 e:OtherMiscellaneousReserve 2021-06-01 2022-05-31 10209218 e:OtherMiscellaneousReserve 2022-05-31 10209218 e:OtherMiscellaneousReserve 2021-06-01 10209218 e:OtherMiscellaneousReserve 1 2021-06-01 2022-05-31 10209218 e:RetainedEarningsAccumulatedLosses 2022-06-01 2023-03-31 10209218 e:RetainedEarningsAccumulatedLosses 2023-03-31 10209218 e:RetainedEarningsAccumulatedLosses 1 2022-06-01 2023-03-31 10209218 e:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 10209218 e:RetainedEarningsAccumulatedLosses 2022-05-31 10209218 e:RetainedEarningsAccumulatedLosses 2021-06-01 10209218 e:RetainedEarningsAccumulatedLosses 1 2021-06-01 2022-05-31 10209218 d:FRS102 2022-06-01 2023-03-31 10209218 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-03-31 10209218 d:FullAccounts 2022-06-01 2023-03-31 10209218 d:CompanyLimitedByGuarantee 2022-06-01 2023-03-31 10209218 6 2022-06-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 10209218


RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
(A Company Limited by Guarantee)
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 MARCH 2023

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Statement of Changes in Equity
 
 
3
Notes to the Financial Statements
 
 
4 - 8


 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:10209218

BALANCE SHEET
AS AT 31 MARCH 2023

At 31 March 2023
At 31 May 2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
129,504
137,699

Investments
 5 
1
1

  
129,505
137,700

Current assets
  

Debtors: amounts falling due within one year
 6 
28,057
29,601

Cash at bank and in hand
 7 
79,463
78,898

  
107,520
108,499

Creditors: amounts falling due within one year
 8 
(1,800)
(1,635)

Net current assets
  
 
 
105,720
 
 
106,864

  

Net assets
  
235,225
244,564


Capital and reserves
  

Other reserves
 10 
66,869
71,452

Profit and loss account
 10 
168,356
173,112

  
235,225
244,564


Page 1

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:10209218
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 4 to 8 form part of these financial statements.

Page 2

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Other reserves
Profit and loss account
Total equity

£
£
£


At 1 June 2021
76,952
156,201
233,153


Comprehensive income for the year

Profit for the year

-
16,911
16,911

Depreciation of leasehold
(5,500)
-
(5,500)


Other comprehensive income for the year
(5,500)
-
(5,500)


Total comprehensive income for the year
(5,500)
16,911
11,411


Total transactions with owners
-
-
-



At 1 June 2022
71,452
173,112
244,564


Comprehensive income for the period

Loss for the period

-
(4,756)
(4,756)

Depreciation
(4,583)
-
(4,583)


Other comprehensive income for the period
(4,583)
-
(4,583)


Total comprehensive income for the period
(4,583)
(4,756)
(9,339)


Total transactions with owners
-
-
-


At 31 March 2023
66,869
168,356
235,225


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Rushden & Higham Rugby Union Football Club 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 place of business is Manor Park, Bedford Road, Rushden, Northants, NN10 0SA.
The company has changed its year end from 31 May to 31 March 2023. This years 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

Exemption from preparing consolidated financial statements

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.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Subscription and sponsorship income received in respect of future periods is recorded as income in advance within creditors and released as its due.

Page 4

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
25 years straight line
Long-term leasehold property
-
20 years straight line
Fixtures and fittings
-
4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

Page 5

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 3).


4.


Tangible fixed assets







Freehold property
Long-term leasehold property
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2022
108,370
128,026
30,823
267,219



At 31 March 2023

108,370
128,026
30,823
267,219



Depreciation


At 1 June 2022
47,685
51,012
30,823
129,520


Charge for the period on owned assets
3,612
4,583
-
8,195



At 31 March 2023

51,297
55,595
30,823
137,715



Net book value



At 31 March 2023
57,073
72,431
-
129,504



At 31 May 2022
60,685
77,014
-
137,699

Page 6

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
1



At 31 March 2023
1





6.


Debtors

Period ended 31 March 2023
Year ended 31 May 2022
£
£


Trade debtors
-
2,418

Amounts owed by group undertakings
28,057
26,383

Prepayments and accrued income
-
800

28,057
29,601



7.


Cash and cash equivalents

Period ended 31 March 2023
Year ended 31 May 2022
£
£

Cash at bank and in hand
79,463
78,898


Page 7

 
RUSHDEN & HIGHAM RUGBY UNION FOOTBALL CLUB LTD
 
(A Company Limited by Guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

Period ended 31 March 2023
Year ended 31 May 2022
£
£

Trade creditors
-
35

Other creditors
1,800
1,600

1,800
1,635



9.


Financial instruments

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


10.


Reserves

Other reserves

Includes income and expenditure relating to the the refurbishment of the property.



11.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £10 towards the assets of the Company in the event of liquidation.


12.


Capital commitments

There were no capital commitments at 31 May 2021 or at 31 May 2020.


13.


RFU Grant

During the year the year ended 31 May 2021 the Club received a Sport of England Grant from the RFU of £50,000. At 31 March 2023 the club had spent £25,612 of this, the remainder of the grant will be spent on the new floodlights that are planned to be installed during the next financial year.  


14.


Controlling party

The directors are the Company's controlling related party by virtue of their office. 

 
Page 8