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REGISTERED NUMBER: 03441850 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Hastings United Football Club Limited

Hastings United Football Club Limited (Registered number: 03441850)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Hastings United Football Club Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D G Ormerod
H L Clout
C J Barrow
M S Davudovic
D White
M A Gall
B M White





SECRETARY: C L Ridgers





REGISTERED OFFICE: 36 Cambridge Road
Hastings
East Sussex
TN34 1DU





REGISTERED NUMBER: 03441850 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hastings United Football Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hastings United Football Club Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hastings United Football Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hastings United Football Club Limited and state those matters that we have agreed to state to the Board of Directors of Hastings United Football Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hastings United Football Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hastings United Football Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hastings United Football Club Limited. You consider that Hastings United Football Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hastings United Football Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU


13 February 2024

Hastings United Football Club Limited (Registered number: 03441850)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,050 101,758

CURRENT ASSETS
Stock 3,551 10,558
Debtors 5 230,395 225,936
Cash at bank and in hand 9,224 9,201
243,170 245,695
CREDITORS
Amounts falling due within one year 6 218,677 145,232
NET CURRENT ASSETS 24,493 100,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,543

202,221

CREDITORS
Amounts falling due after more than one
year

7

(20,455

)

(30,117

)

ACCRUALS & DEFERRED INCOME (3,010 ) (8,215 )
NET ASSETS 99,078 163,889

CAPITAL & RESERVES
Called up share capital 110,775 110,775
Retained earnings (11,697 ) 53,114
SHAREHOLDERS' FUNDS 99,078 163,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 13 February 2024 and were signed on its behalf by:



B M White - Director


Hastings United Football Club Limited (Registered number: 03441850)

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

1. STATUTORY INFORMATION

Hastings United Football Club 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 represents the total value, excluding value added tax, of goods and services made during the year.

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 - 2% on cost
Ground improvements - 2% on cost
Fixtures fittings and equipment - 10% on cost
Computer equipment - 33% on cost

Stock
Stock is valued at the lower of cost and realisable value.

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.

Donations and grants
Donations and grants for capital expenditure are credited to deferred revenue and are released to the profit and loss account over the expected useful life of the assets. Other donations received are credited to the profit and loss account as they are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

Hastings United Football Club Limited (Registered number: 03441850)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
fittings
Long Ground and Computer
leasehold improvements equipment equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 46,500 143,196 107,802 744 298,242
Additions - - 2,810 - 2,810
At 31 May 2023 46,500 143,196 110,612 744 301,052
DEPRECIATION
At 1 June 2022 23,684 69,801 102,255 744 196,484
Charge for year 1,087 2,608 2,823 - 6,518
At 31 May 2023 24,771 72,409 105,078 744 203,002
NET BOOK VALUE
At 31 May 2023 21,729 70,787 5,534 - 98,050
At 31 May 2022 22,816 73,395 5,547 - 101,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 230,395 225,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts 10,000 10,000
Social security & other taxes 251 647
VAT 10,057 14,053
Other creditors 14,584 18,592
Directors' loans 179,385 97,940
Accruals 4,400 4,000
218,677 145,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,455 20,117
20,455 30,117

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors falling due within one year is a £5,000 (2022 £5,000) loan from D Burney and a £174,385 (2022 £92,940) loan from Bohemia Hastings LLP, a partnership controlled by D Burney and P J Sherlock.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by no one party.

Hastings United Football Club Limited (Registered number: 03441850)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. CHANGE OF OWNERSHIP

At 31 May 2023, the company's majority shareholders were Bohemia Hastings LLP. Since the year end, Bohemia Hastings LLP have sold all of their majority shareholding to Aspire Sport Hastings Ltd who are now the majority shareholders. As part of the arrangement, Aspire Sport Hastings Ltd made a loan to the company to pay off the loan from Bohemia Hastings LLP which was shown in the Balance Sheet at 31 May 2023. The directors of Aspire Sport Hastings Ltd confirm that they have no intention of seeking repayment of their loan to the company.