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COMPANY REGISTRATION NUMBER: 13515746
Cubs Rugby Ltd
Filleted Unaudited Financial Statements
31 July 2023
Cubs Rugby Ltd
Financial Statements
Year ended 31 July 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
Cubs Rugby Ltd
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
62
537
Creditors: amounts falling due within one year
5
( 4,136)
( 4,626)
-------
-------
Net current liabilities
( 4,074)
( 4,089)
-------
-------
Total assets less current liabilities
( 4,074)
( 4,089)
-------
-------
Capital and reserves
Called up share capital
6
2
2
Profit and loss account
( 4,076)
( 4,091)
-------
-------
Shareholders deficit
( 4,074)
( 4,089)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
Mr A.S Gardiner
Director
Company registration number: 13515746
Cubs Rugby Ltd
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Wentworth Close, Hubberston, Milford Haven, SA73 3SF, Wales.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
112
120
Social security and other taxes
15
Other creditors
4,024
4,491
-------
-------
4,136
4,626
-------
-------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
----
----
----
----
2
2
2
2
----
----
----
----
7. Related party transactions
The company was under the control of Mr A.S Gardiner and Mrs H Gardiner, the directors, during the current year and previous period by virtue of their combined interest in 100% of the issued ordinary share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.