Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Christopher Michael Forster 16/05/2015 James Michael Irvine 28/08/2020 Graham Robert Lovell 29/08/2020 Sarah Jane Maclean 16/05/2015 Jonathan Richard Parker 16/05/2015 Stephen Paul Shipway 16/05/2015 09 August 2024 The principal activity of the Company during the financial year was the operation of a sports club. 09594725 2024-04-30 09594725 bus:Director1 2024-04-30 09594725 bus:Director2 2024-04-30 09594725 bus:Director3 2024-04-30 09594725 bus:Director4 2024-04-30 09594725 bus:Director5 2024-04-30 09594725 bus:Director6 2024-04-30 09594725 2023-04-30 09594725 core:CurrentFinancialInstruments 2024-04-30 09594725 core:CurrentFinancialInstruments 2023-04-30 09594725 core:Non-currentFinancialInstruments 2024-04-30 09594725 core:Non-currentFinancialInstruments 2023-04-30 09594725 core:OtherCapitalReserve 2024-04-30 09594725 core:OtherCapitalReserve 2023-04-30 09594725 core:RetainedEarningsAccumulatedLosses 2024-04-30 09594725 core:RetainedEarningsAccumulatedLosses 2023-04-30 09594725 core:LandBuildings 2023-04-30 09594725 core:PlantMachinery 2023-04-30 09594725 core:FurnitureFittings 2023-04-30 09594725 core:ComputerEquipment 2023-04-30 09594725 core:OtherPropertyPlantEquipment 2023-04-30 09594725 core:LandBuildings 2024-04-30 09594725 core:PlantMachinery 2024-04-30 09594725 core:FurnitureFittings 2024-04-30 09594725 core:ComputerEquipment 2024-04-30 09594725 core:OtherPropertyPlantEquipment 2024-04-30 09594725 2023-05-01 2024-04-30 09594725 bus:FilletedAccounts 2023-05-01 2024-04-30 09594725 bus:SmallEntities 2023-05-01 2024-04-30 09594725 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09594725 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 09594725 bus:Director1 2023-05-01 2024-04-30 09594725 bus:Director2 2023-05-01 2024-04-30 09594725 bus:Director3 2023-05-01 2024-04-30 09594725 bus:Director4 2023-05-01 2024-04-30 09594725 bus:Director5 2023-05-01 2024-04-30 09594725 bus:Director6 2023-05-01 2024-04-30 09594725 core:LandBuildings 2023-05-01 2024-04-30 09594725 core:PlantMachinery 2023-05-01 2024-04-30 09594725 core:FurnitureFittings 2023-05-01 2024-04-30 09594725 core:ComputerEquipment 2023-05-01 2024-04-30 09594725 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 09594725 2022-05-01 2023-04-30 09594725 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 09594725 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 09594725 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 09594725 (England and Wales)

BRIXHAM RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

BRIXHAM RUGBY FOOTBALL CLUB LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

BRIXHAM RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
BRIXHAM RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 471,568 481,124
471,568 481,124
Current assets
Stocks 10,350 10,151
Debtors 4 8,059 22,936
Cash at bank and in hand 162,478 133,202
180,887 166,289
Creditors: amounts falling due within one year 5 ( 77,256) ( 87,383)
Net current assets 103,631 78,906
Total assets less current liabilities 575,199 560,030
Creditors: amounts falling due after more than one year 6 ( 94,881) ( 104,962)
Net assets 480,318 455,068
Reserves
Other reserves 377,672 377,672
Profit and loss account 102,646 77,396
Total reserves 480,318 455,068

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Brixham Rugby Football Club Limited (registered number: 09594725) were approved and authorised for issue by the Board of Directors on 09 August 2024. They were signed on its behalf by:

Christopher Michael Forster
Director
BRIXHAM RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
BRIXHAM RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brixham Rugby Football Club Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Astley Park, Rea Barn Road, Brixham, TQ5 9ED, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 2 % reducing balance
Plant and machinery 15 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance
Other property, plant and equipment 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 55 38

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Computer equipment Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 May 2023 486,152 4,663 63,335 456 33,864 588,470
Additions 0 0 8,774 0 0 8,774
At 30 April 2024 486,152 4,663 72,109 456 33,864 597,244
Accumulated depreciation
At 01 May 2023 55,675 3,120 37,291 163 11,097 107,346
Charge for the financial year 8,610 231 7,723 73 1,693 18,330
At 30 April 2024 64,285 3,351 45,014 236 12,790 125,676
Net book value
At 30 April 2024 421,867 1,312 27,095 220 21,074 471,568
At 30 April 2023 430,477 1,543 26,044 293 22,767 481,124

4. Debtors

2024 2023
£ £
Trade debtors 1,042 22,936
Prepayments 3,074 0
Other debtors 3,943 0
8,059 22,936

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 8,320
Trade creditors 24,784 38,131
Other loans 0 4,981
Accruals and deferred income 23,920 9,072
Taxation and social security 16,295 24,031
Other creditors 2,257 2,848
77,256 87,383

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 11,667 22,387
Other creditors 83,214 82,575
94,881 104,962

There are no amounts included above in respect of which any security has been given by the small entity.

7. Liability of members

The members of the Brixham Rugby Football Club Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 427 799