REGISTERED NUMBER: |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30 APRIL 2024 |
REGISTERED NUMBER: |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30 APRIL 2024 |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 11554350) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Castle Chambers |
6 Westgate Hill |
Pembroke |
Pembrokeshire |
SA71 4LB |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 11554350) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand | 7 |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
RESERVES |
Members funds |
Income and expenditure account |
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 surplus or deficit 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. |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 11554350) |
BALANCE SHEET - continued |
30 APRIL 2024 |
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 |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 11554350) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Pembroke Rugby Football Club Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and Machinery | - |
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. |
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 surplus or deficit 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. |
Grants received |
Grant income is credited to income on receipt and allocated over the life of the project. Any amounts outstanding at the year end are included in either debtors or creditors. Capital grant income is written off to the profit and loss account at the same rate as the estimated useful life of the asset. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 11554350) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | Machinery | Totals |
£ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Rugby Club | Social Club |
£ | £ |
Net Book Value |
Freehold property and land | 18,937 | - |
Plant and equipment | 39,226 | 5,742 |
Total NBV | 58,163 | 5,742 |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2024 | 2023 |
£ | £ |
Debentures transferred from Pembroke Rugby Football Club |
12,783 |
14,000 |
Disposal of debentures | - | (1,217 | ) |
12,783 | 12,783 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
PEMBROKE RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 11554350) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
7. | CASH AT BANK AND IN HAND |
2024 | 2023 |
£ | £ |
Rugby Club |
Natwest Current Account | 11,114 | 32,239 |
Natwest Capital Reserve Account | 11,530 | 11,371 |
Natwest Entertainment Reserve Account | 1,515 | 1,515 |
Natwest Entertainment Current Account | 1 | 1 |
Ladies Committee Account | 10,526 | 10,019 |
Ladies Committee Reserve Account | 2,199 | 2,168 |
150 Club Account | 16,634 | 11,711 |
Former Players Account | - | 449 |
PRFC Ladies Rugby Account | 4,613 | 1,678 |
58,132 | 71,151 |
Social Club |
Natwest Bar Account | 18,485 | 6,951 |
Natwest Bandit Account | 2,883 | 3,035 |
Natwest Stewards Bond Account | 1,026 | 1,010 |
Natwest Bonus Saver Account | 32,875 | 27,857 |
Cash In Hand | 337 | 337 |
55,606 | 39,190 |
Total Cash at bank and in hand | 113,738 | 110,341 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
10. | LIMITED BY GUARANTEE |
Pembroke Rugby Football Club Limited is limited by guarantee of its members, each member guarantees £1 only. |
11. | GRANT INCOME |
2024 | 2023 |
£ | £ |
Sports Wales - Flood lights | - | 33,716 |
Sportslot - Equipment | 7,925 | - |
7,725 | 33,716 |
All terms and conditions have been met on all grants. |