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REGISTERED NUMBER: SC138604 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Huntly Football Club Limited

Huntly Football Club Limited (Registered number: SC138604)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Huntly Football Club Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M S Allan
G Carter
R M Dawson
G F Green
G McNeil
S Moir
J M Taylor
J Duffon





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ





REGISTERED NUMBER: SC138604 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Huntly Football Club Limited (Registered number: SC138604)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 5 70,030 42,742
Cash at bank 21,142 61,436
91,172 104,178
CREDITORS
Amounts falling due within one year 6 17,617 16,965
NET CURRENT ASSETS 73,555 87,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,555

87,213

CREDITORS
Amounts falling due after more than one year 7 26,118 40,000
NET ASSETS 47,437 47,213

CAPITAL AND RESERVES
Called up share capital 88 88
Share premium 50,949 50,949
Other reserves 24,224 24,224
Retained earnings (27,824 ) (28,048 )
47,437 47,213

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

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

Huntly Football Club Limited (Registered number: SC138604)

Balance Sheet - continued
30 November 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 21 February 2024 and were signed on its behalf by:





G Carter - Director


Huntly Football Club Limited (Registered number: SC138604)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Huntly Football Club Limited is a private company, limited by shares , registered in Scotland. 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. Turnover represents income receivable from football and related commercial activities.

Match Receipts
Income from the season tickets, gate receipts and other match day revenues are recognised over the period of the football season as games are played.

Merit Awards
Income from merit awards are only accounted for when the amount receivable is known.

Sponsorship
Income from sponsorship is recognised over the duration of the respective contracts.

Transfer Fees Received
Income from transfer fees received are accounted for in the period in which they are received.

Fund Raising Events
Income from fund raising events are accounted for in the period in which they are received.

Donations
Income from donations are accounted for in the period in which they are received.

Intangible assets
Player contracts are being amortised evenly over the respective contract term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Capital reserve
The Capital reserve represents non-distributable funds transferred to the company following incorporation of the football club.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 28 ).

Huntly Football Club Limited (Registered number: SC138604)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 45,447
DEPRECIATION
At 1 December 2022
and 30 November 2023 45,447
NET BOOK VALUE
At 30 November 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 70,030 42,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,353 -
Taxation and social security 8,864 11,065
Other creditors 4,400 5,900
17,617 16,965

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 26,118 40,000