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Company Registration number: 07207875

Match Day Centres Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Match Day Centres Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Match Day Centres Limited

(Registration number: 07207875)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,352,582

1,392,264

Current assets

 

Stocks

5

4,002

4,333

Debtors

6

53,824

74,661

Cash at bank and in hand

 

357,453

366,191

 

415,279

445,185

Creditors: Amounts falling due within one year

7

(1,327,873)

(1,418,977)

Net current liabilities

 

(912,594)

(973,792)

Net assets

 

439,988

418,472

Capital and reserves

 

Called up share capital

8

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 22 January 2024 and signed on its behalf by:
 

.........................................
P D Dane
Director

 

Match Day Centres Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
2 Collingwood Street
Newcastle upon Tyne
NE1 1JF

These financial statements were authorised for issue by the Board on 22 January 2024.

2

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

Grants received in the year relate to support for football & equipment purchases and stadium renovations. The grant has been realised in the year to match with the expenditure to which it was intended to contribute.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 15).

 

Match Day Centres Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

1,892,060

70,333

47,691

20,860

2,030,944

Additions

7,434

1,371

-

28,155

36,960

Disposals

-

-

-

(20,860)

(20,860)

At 30 June 2023

1,899,494

71,704

47,691

28,155

2,047,044

Depreciation

At 1 July 2022

545,439

65,587

21,825

5,829

638,680

Charge for the year

47,412

2,786

10,121

5,638

65,957

Eliminated on disposal

-

-

-

(10,175)

(10,175)

At 30 June 2023

592,851

68,373

31,946

1,292

694,462

Carrying amount

At 30 June 2023

1,306,643

3,331

15,745

26,863

1,352,582

At 30 June 2022

1,346,621

4,746

25,866

15,031

1,392,264

5

Stocks

2023
£

2022
£

Raw materials and consumables

4,002

4,333

6

Debtors

Current

2023
£

2022
£

Trade debtors

8,166

4,752

Prepayments

6,238

5,431

Other debtors

39,420

64,478

 

53,824

74,661

 

Match Day Centres Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

280,000

280,000

Trade creditors

 

12,199

17,902

Taxation and social security

 

12,297

9,944

Accruals and deferred income

 

42,680

70,895

Other creditors

 

980,697

1,040,236

 

1,327,873

1,418,977

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.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £0.01 each

31,879

319

31,879

319

Ordinary B shares of £0.01 each

17,079

171

17,079

171

Ordinary C shares of £0.01 each

2,000

20

2,000

20

 

50,958

510

50,958

510

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)

9

Related party transactions

Summary of transactions with all subsidiaries

As at 30 June 2023, a secured loan of £950,000 (2022 - £1,000,000) was owed to a fellow subsidiary of the group. Accrued interest of £12,884 (2022 - £9,853) relating to this loan is included within other creditors.

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.

 

10

Parent and ultimate parent undertaking

The company's immediate parent is Dane & Co. Limited, incorporated in England and Wales.

  These financial statements are available upon request from First Floor, 2 Collingwood Street, Newcastle Upon Tyne, NE1 1JF.