Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr J A Bailey Mr A Cummings 01/11/2022 Mr S M Dawes 01/11/2022 Mr R J E French 17/08/2023 23/05/2016 Mr I Grantham 17/08/2023 18/07/2018 Mr G Hooper 01/11/2022 Mr S Murley 10/07/2019 Mr D Powell 10/07/2019 Mrs K A Schulz 01/11/2022 26 November 2023 no description of principal activity 10195290 2023-04-30 10195290 bus:Director2 2023-04-30 10195290 bus:Director3 2023-04-30 10195290 bus:Director4 2023-04-30 10195290 bus:Director5 2023-04-30 10195290 bus:Director6 2023-04-30 10195290 bus:Director7 2023-04-30 10195290 bus:Director8 2023-04-30 10195290 bus:Director9 2023-04-30 10195290 2022-04-30 10195290 core:CurrentFinancialInstruments 2023-04-30 10195290 core:CurrentFinancialInstruments 2022-04-30 10195290 core:Non-currentFinancialInstruments 2023-04-30 10195290 core:Non-currentFinancialInstruments 2022-04-30 10195290 core:RetainedEarningsAccumulatedLosses 2023-04-30 10195290 core:RetainedEarningsAccumulatedLosses 2022-04-30 10195290 core:OtherPropertyPlantEquipment 2022-04-30 10195290 core:OtherPropertyPlantEquipment 2023-04-30 10195290 core:WithinOneYear 2023-04-30 10195290 core:WithinOneYear 2022-04-30 10195290 core:BetweenOneFiveYears 2023-04-30 10195290 core:BetweenOneFiveYears 2022-04-30 10195290 core:MoreThanFiveYears 2023-04-30 10195290 core:MoreThanFiveYears 2022-04-30 10195290 2022-05-01 2023-04-30 10195290 bus:FullAccounts 2022-05-01 2023-04-30 10195290 bus:SmallEntities 2022-05-01 2023-04-30 10195290 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10195290 bus:CompanyLimitedByGuarantee 2022-05-01 2023-04-30 10195290 bus:Director1 2022-05-01 2023-04-30 10195290 bus:Director2 2022-05-01 2023-04-30 10195290 bus:Director3 2022-05-01 2023-04-30 10195290 bus:Director4 2022-05-01 2023-04-30 10195290 bus:Director5 2022-05-01 2023-04-30 10195290 bus:Director6 2022-05-01 2023-04-30 10195290 bus:Director7 2022-05-01 2023-04-30 10195290 bus:Director8 2022-05-01 2023-04-30 10195290 bus:Director9 2022-05-01 2023-04-30 10195290 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 10195290 2021-05-01 2022-04-30 10195290 core:OtherPropertyPlantEquipment 1 2022-05-01 2023-04-30 10195290 1 2022-05-01 2023-04-30 10195290 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 10195290 (England and Wales)

ST AUSTELL RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

ST AUSTELL RUGBY FOOTBALL CLUB LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

ST AUSTELL RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
ST AUSTELL RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 74,311 73,562
74,311 73,562
Current assets
Stocks 3,150 4,475
Debtors 4 14,166 10,309
Cash at bank and in hand 87,937 157,303
105,253 172,087
Creditors: amounts falling due within one year 5 ( 88,713) ( 92,405)
Net current assets 16,540 79,682
Total assets less current liabilities 90,851 153,244
Creditors: amounts falling due after more than one year 6 ( 34,922) ( 40,436)
Net assets 55,929 112,808
Reserves
Profit and loss account 55,929 112,808
Total reserves 55,929 112,808

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of St Austell Rugby Football Club Limited (registered number: 10195290) were approved and authorised for issue by the Director on 26 November 2023. They were signed on its behalf by:

Mr D Powell
Director
ST AUSTELL RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
ST AUSTELL RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

St Austell Rugby Football Club Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Clubhouse, Tregorrick, St. Austell, PL26 7FH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year. 14 7

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2022 88,453 88,453
Additions 5,274 5,274
rounding 0 0
At 30 April 2023 93,727 93,727
Accumulated depreciation
At 01 May 2022 14,891 14,891
Charge for the financial year 4,525 4,525
At 30 April 2023 19,416 19,416
Net book value
At 30 April 2023 74,311 74,311
At 30 April 2022 73,562 73,562

4. Debtors

2023 2022
£ £
Trade debtors 10,009 6,164
Other debtors 4,157 4,145
14,166 10,309

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,514 5,514
Trade creditors 6,905 4,856
Taxation and social security 1,204 7,385
Other creditors 75,090 74,650
88,713 92,405

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 34,922 40,436

There are no amounts included above in respect of which any security has been given by the small entity.

7. Liability of members

The members of the St Austell Rugby Football Club Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
- within one year 1,000 1,000
- between one and five years 4,000 4,000
- after five years 29,000 30,000
34,000 35,000

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2023 2022
£ £
Unpaid contributions due to the fund (inc. in other creditors) 61 46

9. Related party transactions

Included in other creditors is £68,339 (2022: £68,339) owed to St Austell Rugby Football Club.