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REGISTERED NUMBER: 08089968 (England and Wales)










Rhyl & District RFC Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Rhyl & District RFC Limited (Registered number: 08089968)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rhyl & District RFC Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: Mr S N Farrell
Mr I Prys Jones
Mr A D Evans
Ms L B Hitchen
Mr G R John
Mr J D Jones
Mr B L Hill
Mr L Blackmore
Mr C Donaldson
Ms K T Jones





REGISTERED OFFICE: Tynewydd Road
Rhyl
Denbighshire
LL18 4AQ





REGISTERED NUMBER: 08089968 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Rhyl & District RFC Limited (Registered number: 08089968)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 599,523 644,121
Investments 5 8 8
599,531 644,129

CURRENT ASSETS
Debtors 6 11,994 6,706
Cash at bank 109,689 76,193
121,683 82,899
CREDITORS
Amounts falling due within one year 7 12,448 13,606
NET CURRENT ASSETS 109,235 69,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,766

713,422

CREDITORS
Amounts falling due after more than one
year

8

24,894

34,501
NET ASSETS 683,872 678,921

RESERVES
Income and expenditure account 683,872 678,921
683,872 678,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





Mr A D Evans - Director


Rhyl & District RFC Limited (Registered number: 08089968)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Rhyl & District RFC Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
During the year, the World Health Organisation (WHO) declared Covid-19 as a worldwide pandemic. In relation to this the directors have reviewed the company's performance and all other considerations, and as a result believe that the going concern basis is reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
The company is registered as a Community Amateur Sports Club (CASC) with HMRC and is therefore exempt from corporation tax under the Finance Act 2010.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Grants
Capital grants received are offset against capital costs in the year of receipt.

Revenue grants are matched to expenses in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Rhyl & District RFC Limited (Registered number: 08089968)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 841,783 51,612 893,395
Additions - 21,077 21,077
At 31 July 2023 841,783 72,689 914,472
DEPRECIATION
At 1 August 2022 225,099 24,175 249,274
Charge for year 58,128 7,547 65,675
At 31 July 2023 283,227 31,722 314,949
NET BOOK VALUE
At 31 July 2023 558,556 40,967 599,523
At 31 July 2022 616,684 27,437 644,121

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1 7 8
NET BOOK VALUE
At 31 July 2023 1 7 8
At 31 July 2022 1 7 8

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,540 -
Amounts owed by group undertakings 1,248 6,229
Other debtors 8,206 477
11,994 6,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 300 469
Other creditors 1,500 2,489
12,448 13,606

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,894 34,501

9. RELATED PARTY DISCLOSURES

A donation of £95,000 was received from Rhyl Rugby Services Ltd, a wholly owned subsidiary.

Rhyl & District RFC Limited (Registered number: 08089968)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

10. ULTIMATE CONTROLLING PARTY

Ultimate control lies with the committee members, no individual has control.