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REGISTERED NUMBER: 04759413 (England and Wales)













NEATH RUGBY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEATH RUGBY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D M Young





REGISTERED OFFICE: The Gnoll
Gnoll Park Road
Neath
SA11 3BU





REGISTERED NUMBER: 04759413 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,775 6,600
Tangible assets 5 651,180 636,043
656,955 642,643

CURRENT ASSETS
Stocks 1,000 10,205
Debtors 6 40,659 23,989
Investments 7 100 -
Cash at bank and in hand 6,954 6,191
48,713 40,385
CREDITORS
Amounts falling due within one year 8 208,191 1,007,785
NET CURRENT LIABILITIES (159,478 ) (967,400 )
TOTAL ASSETS LESS CURRENT LIABILITIES 497,477 (324,757 )

CREDITORS
Amounts falling due after more than one
year

9

40,502

47,173
NET ASSETS/(LIABILITIES) 456,975 (371,930 )

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 373,191 373,191
Retained earnings 83,782 (745,123 )
456,975 (371,930 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 24 January 2024 and were signed by:





D M Young - Director


NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Neath Rugby 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Improvements to property - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 50% on reducing balance
Computer equipment - 15% on cost

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.


NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2022 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 8,250
AMORTISATION
At 1 August 2022 1,650
Charge for year 825
At 31 July 2023 2,475
NET BOOK VALUE
At 31 July 2023 5,775
At 31 July 2022 6,600

NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and
leasehold property fittings
£    £    £   
COST
At 1 August 2022 917,499 7,597 135,285
Additions 27,994 - 675
At 31 July 2023 945,493 7,597 135,960
DEPRECIATION
At 1 August 2022 297,508 3,255 133,743
Charge for year 8,178 1,139 583
At 31 July 2023 305,686 4,394 134,326
NET BOOK VALUE
At 31 July 2023 639,807 3,203 1,634
At 31 July 2022 619,991 4,342 1,542

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 8,600 7,892 1,076,873
Additions - 327 28,996
At 31 July 2023 8,600 8,219 1,105,869
DEPRECIATION
At 1 August 2022 2,651 3,673 440,830
Charge for year 2,974 985 13,859
At 31 July 2023 5,625 4,658 454,689
NET BOOK VALUE
At 31 July 2023 2,975 3,561 651,180
At 31 July 2022 5,949 4,219 636,043

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,616 16,297
Amounts owed by group undertakings 692 182
Other debtors 3,351 7,510
40,659 23,989

NEATH RUGBY LIMITED (REGISTERED NUMBER: 04759413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings 100 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,091 3,770
Hire purchase contracts 2,580 2,580
Trade creditors 87,099 102,501
Amounts owed to group undertakings - 15,571
Amounts owed to associates - 840,987
Taxation and social security 45,710 19,075
Other creditors 68,711 23,301
208,191 1,007,785

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 39,805 43,896
Hire purchase contracts 697 3,277
40,502 47,173

10. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 373,191

11. RELATED PARTY DISCLOSURES

During the year, the company wrote off intercompany loans amounting to £1,036,168 (2022: £NIL), which were in relation to the former parent company, Jardine Norton Limited..