Registration number:
Nantwich Football Trust Limited
(A company limited by guarantee)
for the Year Ended 31 May 2023
Nantwich Football Trust Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Nantwich Football Trust Limited
(Registration number: 07327080)
Balance Sheet as at 31 May 2023
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2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Creditors: Deferred income |
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Net current liabilities |
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Net assets |
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Total equity |
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For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Nantwich Football Trust Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
UK
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Government grants
Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets while grants related to expenses are treated as other income in the profit and loss account.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold land and buildings |
Land: not depreciated, Buildings: 2% on cost |
Nantwich Football Trust Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Freehold land and buildings |
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Cost or valuation |
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At 1 June 2022 |
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At 31 May 2023 |
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Depreciation |
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At 1 June 2022 |
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Charge for the year |
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At 31 May 2023 |
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Carrying amount |
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At 31 May 2023 |
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At 31 May 2022 |
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Debtors |
2023 |
2022 |
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Other debtors |
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Members liability |
The liability of each member is limited to a contribution not exceeding one pound in the event of the company being wound up whilst they are still a member, and within one year of them ceasing to be a member. The contribution will be towards the payment of debts and liabilities of the company contracted before they ceased to be a member, and those incurred in connection with winding up the company or making adjustments to the rights of the contributors amongst themselves.