Company Registration number:
Match Day Centres Limited
for the Year Ended 30 June 2023
Match Day Centres Limited
Contents
Statement of Financial Position |
|
Notes to the Unaudited Financial Statements |
Match Day Centres Limited
(Registration number: 07207875)
Statement of Financial Position as at 30 June 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
510 |
510 |
|
Share premium reserve |
779,549 |
779,549 |
|
Retained earnings |
(340,071) |
(361,587) |
|
Shareholders' funds |
439,988 |
418,472 |
For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 Income Statement.
Approved and authorised by the
......................................... |
Match Day Centres Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Grants Received
Tangible assets
Tangible assets are stated in the statement of financial position 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.
Match Day Centres Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
2 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, less their residual value, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
2.5% straight line |
Plant and machinery |
25% straight line |
Fixtures, fittings and equipment |
25% straight line and 20% straight line |
Motor vehicles |
25% straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs to purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Match Day Centres Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
Tangible assets |
Land and buildings |
Fixtures, fittings and equipment |
Plant and machinery |
Motor vehicles |
Total |
|
Cost or valuation |
|||||
At 1 July 2022 |
|
|
|
|
|
Additions |
|
|
- |
|
|
Disposals |
- |
- |
- |
( |
( |
At 30 June 2023 |
|
|
|
|
|
Depreciation |
|||||
At 1 July 2022 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
( |
( |
At 30 June 2023 |
|
|
|
|
|
Carrying amount |
|||||
At 30 June 2023 |
|
|
|
|
|
At 30 June 2022 |
|
|
|
|
|
Stocks |
2023 |
2022 |
|
Raw materials and consumables |
|
|
Debtors |
Current |
2023 |
2022 |
Trade debtors |
|
|
Prepayments |
|
|
Other debtors |
|
|
|
|
Match Day Centres Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Included within other creditors is a loan of £950,000 (2022: £1,000,000) which is secured against the company's rights to the lease of the property held.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
319 |
|
319 |
|
|
171 |
|
171 |
|
|
20 |
|
20 |
|
|
|
|
Class Rights:
The 'A' Shares, 'B' Shares and 'C' Shares rank pari passu in all respects and for the purpose of determining the rights or entitlements, the same shall be determined by reference to the number of shares and not their nominal value.
Match Day Centres Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
Related party transactions |
Summary of transactions with all subsidiaries
As at 30 June 2023, an unsecured loan of £210,000 (2022 - £210,000) was owed to a fellow subsidiary of the group. Accrued interest of £3,895 (2022 - £5,344) relating to this loan is included within other creditors.
An unsecured loan of £70,000 from minority shareholders remained outstanding at 30 June 2023 (2022 - £70,000). Accrued interest of £1,300 (2022 - £1,778) relating to this loan is included within other creditors.
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from First Floor, 2 Collingwood Street, Newcastle Upon Tyne, NE1 1JF.