Company Registration No. 06695060 (England and Wales)
STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
974,763
971,116
Investments
4
1
1
974,764
971,117
Current assets
Stocks
1,680
1,232
Debtors
5
48,460
61,780
Cash at bank and in hand
75,389
54,102
125,529
117,114
Creditors: amounts falling due within one year
6
(13,572)
(12,985)
Net current assets
111,957
104,129
Net assets
1,086,721
1,075,246
Reserves
Income and expenditure account
1,086,721
1,075,246
Members' funds
1,086,721
1,075,246

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 12 February 2024 and are signed on its behalf by:
Mr A Urquhart
Mr T J Stowe
Director
Director
Mr M J Holloway
Director
Company Registration No. 06695060
STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information

Stratford-upon-Avon Rugby Football Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Pearcecroft, Loxley Road, Stratford upon Avon, Warwickshire, England, CV37 7DP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Buildings are depreciated at 2% per annum whilst no depreciation is provided on land.
Fixtures and fittings
25% reducing balance.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 June 2022
1,031,341
13,914
1,045,255
Additions
-
0
15,544
15,544
At 31 May 2023
1,031,341
29,458
1,060,799
Depreciation and impairment
At 1 June 2022
61,762
12,377
74,139
Depreciation charged in the year
7,627
4,270
11,897
At 31 May 2023
69,389
16,647
86,036
Carrying amount
At 31 May 2023
961,952
12,811
974,763
At 31 May 2022
969,579
1,537
971,116
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
1
STRATFORD-UPON-AVON RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charges due
2,932
14,463
Other debtors
45,528
47,317
48,460
61,780
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
9,532
6,899
Taxation and social security
2,923
4,043
Other creditors
1,117
2,043
13,572
12,985
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

2023-05-312022-06-01false12 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr Andrew UrquhartMr Thomas J StoweMr Max J Hollowayfalse066950602022-06-012023-05-31066950602023-05-31066950602022-05-3106695060core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-3106695060core:FurnitureFittings2023-05-3106695060core:LandBuildingscore:OwnedOrFreeholdAssets2022-05-3106695060core:FurnitureFittings2022-05-3106695060core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3106695060core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3106695060core:CurrentFinancialInstruments2023-05-3106695060core:CurrentFinancialInstruments2022-05-3106695060core:RetainedEarningsAccumulatedLosses2023-05-3106695060core:RetainedEarningsAccumulatedLosses2022-05-3106695060bus:Director12022-06-012023-05-3106695060bus:Director22022-06-012023-05-3106695060bus:Director32022-06-012023-05-3106695060core:LandBuildingscore:OwnedOrFreeholdAssets2022-06-012023-05-3106695060core:FurnitureFittings2022-06-012023-05-31066950602021-06-012022-05-3106695060core:LandBuildingscore:OwnedOrFreeholdAssets2022-05-3106695060core:FurnitureFittings2022-05-31066950602022-05-3106695060core:WithinOneYear2023-05-3106695060core:WithinOneYear2022-05-3106695060bus:CompanyLimitedByGuarantee2022-06-012023-05-3106695060bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3106695060bus:FRS1022022-06-012023-05-3106695060bus:AuditExemptWithAccountantsReport2022-06-012023-05-3106695060bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP