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REGISTERED NUMBER: 01756713 (England and Wales)















LEAMINGTON FOOTBALL CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






LEAMINGTON FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01756713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEAMINGTON FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R W Davis
J Scott
N Sproul
G J Moody
K J Watson
P C O'Rafferty
O P Spencer





SECRETARY: C J Whorton





REGISTERED OFFICE: Your Co-Op Community Stadium
Harbury Lane
Leamington Spa
Warwickshire
CV33 9QB





REGISTERED NUMBER: 01756713 (England and Wales)





ACCOUNTANTS: TC Group Limited
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

LEAMINGTON FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01756713)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,949 310,469

CURRENT ASSETS
Stocks 3,871 4,900
Debtors 5 39,392 56,179
Cash at bank and in hand 65,394 44,759
108,657 105,838
CREDITORS
Amounts falling due within one year 6 53,795 67,892
NET CURRENT ASSETS 54,862 37,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,811

348,415

CREDITORS
Amounts falling due after more than one
year

7

2,316

2,690
NET ASSETS 336,495 345,725

CAPITAL AND RESERVES
Called up share capital 63,756 61,623
Share premium 422,788 403,591
Retained earnings (150,049 ) (119,489 )
SHAREHOLDERS' FUNDS 336,495 345,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 profit or loss 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.

LEAMINGTON FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01756713)

BALANCE SHEET - continued
30 JUNE 2023


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 15 February 2024 and were signed on its behalf by:





R W Davis - Director


LEAMINGTON FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01756713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Leamington Football Club Limited is a private company, limited by shares , 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.

Turnover
Turnover represents the total amount receivable by the company in the ordinary course of business from playing and associated activities, net of VAT.

Income from match receipts, and commercial activities which has been received prior to the year end relating to future football seasons is treated as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings - 2% to 25% straight line basis
Plant and machinery - 10% to 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Grants received
The Club receives grants in respect of certain capital expenditure. Grants received are taken to deferred income and are recognised in the profit and loss account over the same period that the expenditure is depreciated.

LEAMINGTON FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01756713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the year end the company had net current assets of £54,862 (2022: net current assets of £37,946). The directors have agreed to provide financial support to the company for the foreseeable future. On the basis of this continued support, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold
land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 July 2022 589,056 109,731 698,787
Additions - 1,618 1,618
At 30 June 2023 589,056 111,349 700,405
DEPRECIATION
At 1 July 2022 291,447 96,871 388,318
Charge for year 25,835 2,303 28,138
At 30 June 2023 317,282 99,174 416,456
NET BOOK VALUE
At 30 June 2023 271,774 12,175 283,949
At 30 June 2022 297,609 12,860 310,469

Included in cost of land and buildings is freehold land of £ 93,227 (2022 - £ 93,227 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,860 38,201
Other debtors 4,532 17,978
39,392 56,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,668 40,516
Taxation and social security 15,830 8,977
Other creditors 24,297 18,399
53,795 67,892

LEAMINGTON FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01756713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 2,316 2,690