1 May 2022 v2024.10.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP075201742022-05-012023-04-29075201742023-04-29075201742022-04-3007520174core:WithinOneYear2023-04-2907520174core:WithinOneYear2022-04-3007520174core:AfterOneYear2023-04-2907520174core:AfterOneYear2022-04-3007520174core:RetainedEarningsAccumulatedLosses2023-04-2907520174core:RetainedEarningsAccumulatedLosses2022-04-3007520174bus:Director12022-05-012023-04-2907520174bus:RegisteredOffice2022-05-012023-04-29075201742021-05-012022-04-3007520174core:LandBuildings2022-05-0107520174core:PlantMachinery2022-05-01075201742022-05-0107520174core:LandBuildings2022-05-012023-04-2907520174core:PlantMachinery2022-05-012023-04-2907520174core:LandBuildings2023-04-2907520174core:PlantMachinery2023-04-2907520174core:LandBuildings2022-04-3007520174core:PlantMachinery2022-04-300752017412022-05-012023-04-2907520174countries:EnglandWales2022-05-012023-04-2907520174bus:AuditExempt-NoAccountantsReport2022-05-012023-04-2907520174bus:CompanyLimitedByGuarantee2022-05-012023-04-2907520174bus:SmallEntities2022-05-012023-04-2907520174bus:FullAccounts2022-05-012023-04-29
Company registration number:
07520174
Chinnor Rugby Football Club Ltd
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
29 April 2023
Chinnor Rugby Football Club Ltd
Statement of Financial Position
29 April 2023
20232022
Note££
Fixed assets    
Tangible assets 5
778,371
 
764,950
 
Current assets    
Stocks
20,169
 
6,628
 
Debtors 6
48,222
 
33,705
 
Cash at bank and in hand
46,838
 
13,460
 
115,229
 
53,793
 
Creditors: amounts falling due within one year 7
(305,707
)
(198,002
)
Net current liabilities
(190,478
)
(144,209
)
Total assets less current liabilities 587,893   620,741  
Creditors: amounts falling due after more than one year 8
(271,023
)
(298,867
)
Net assets
316,870
 
321,874
 
Capital and reserves    
Profit and loss account
316,870
 
321,874
 
Members funds
316,870
 
321,874
 
For the year ending
29 April 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
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.
These
financial statements
were approved by the board of directors and authorised for issue on
5 April 2024
, and are signed on behalf of the board by:
M Hughes
Director
Company registration number:
07520174
Chinnor Rugby Football Club Ltd
Notes to the Financial Statements
Year ended
29 April 2023

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
Clubhouse Chinnor Rugby Club
,
Kingsey Road
,
Thame
,
Oxfordshire
,
OX9 3JL
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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 and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
49
(2022:
63.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 May 2022
939,812
 
192,009
 
1,131,821
 
Additions
27,491
 
3,950
 
31,441
 
At
29 April 2023
967,303
 
195,959
 
1,163,262
 
Depreciation      
At
1 May 2022
206,723
 
160,148
 
366,871
 
Charge
9,800
 
8,220
 
18,020
 
At
29 April 2023
216,523
 
168,368
 
384,891
 
Carrying amount      
At
29 April 2023
750,780
 
27,591
 
778,371
 
At 30 April 2022
733,089
 
31,861
 
764,950
 

6 Debtors

20232022
££
Trade debtors
42,766
 
28,487
 
Other debtors
5,456
 
5,218
 
48,222
 
33,705
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
102,863
 
128,942
 
Taxation and social security
55,993
 
8,085
 
Other creditors
146,851
 
60,975
 
305,707
 
198,002
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
271,023
 
298,867