Nantwich Football Trust Limited 07327080 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is football club. Digita Accounts Production Advanced 6.30.9574.0 true 07327080 2022-06-01 2023-05-31 07327080 2023-05-31 07327080 core:CurrentFinancialInstruments 2023-05-31 07327080 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07327080 core:LandBuildings 2023-05-31 07327080 bus:SmallEntities 2022-06-01 2023-05-31 07327080 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 07327080 bus:FullAccounts 2022-06-01 2023-05-31 07327080 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 07327080 bus:RegisteredOffice 2022-06-01 2023-05-31 07327080 bus:Director1 2022-06-01 2023-05-31 07327080 bus:CompanyLimitedByGuarantee 2022-06-01 2023-05-31 07327080 core:LandBuildings 2022-06-01 2023-05-31 07327080 countries:EnglandWales 2022-06-01 2023-05-31 07327080 2022-05-31 07327080 core:LandBuildings 2022-05-31 07327080 2021-06-01 2022-05-31 07327080 2022-05-31 07327080 core:CurrentFinancialInstruments 2022-05-31 07327080 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 07327080 core:LandBuildings 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 07327080

Nantwich Football Trust Limited

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Nantwich Football Trust Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Nantwich Football Trust Limited

(Registration number: 07327080)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,376,047

3,424,474

Current assets

 

Debtors

5

13

12

Creditors: Deferred income

(755,128)

(775,537)

Net current liabilities

 

(755,115)

(775,525)

Net assets

 

2,620,932

2,648,949

Total equity

 

2,620,932

2,648,949

For the financial year ending 31 May 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 Profit and Loss Account.

Approved and authorised by the Board on 1 February 2024 and signed on its behalf by:
 

.........................................
Mr M D Chatwin
Director

 

Nantwich Football Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Weaver Stadium
Waterlode
Nantwich
Cheshire
CW5 5BS
UK

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Government grants

Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets while grants related to expenses are treated as other income in the profit and loss account.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

Land: not depreciated, Buildings: 2% on cost

 

Nantwich Football Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 10).

4

Tangible assets

Freehold land and buildings
£

Total
£

Cost or valuation

At 1 June 2022

4,005,598

4,005,598

At 31 May 2023

4,005,598

4,005,598

Depreciation

At 1 June 2022

581,124

581,124

Charge for the year

48,427

48,427

At 31 May 2023

629,551

629,551

Carrying amount

At 31 May 2023

3,376,047

3,376,047

At 31 May 2022

3,424,474

3,424,474

5

Debtors

2023
£

2022
£

Other debtors

13

12

13

12

6

Members liability

The liability of each member is limited to a contribution not exceeding one pound in the event of the company being wound up whilst they are still a member, and within one year of them ceasing to be a member. The contribution will be towards the payment of debts and liabilities of the company contracted before they ceased to be a member, and those incurred in connection with winding up the company or making adjustments to the rights of the contributors amongst themselves.