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REGISTERED NUMBER: 03975817 (England and Wales)












HAMPSHIRE FOOTBALL ASSOCIATION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAMPSHIRE FOOTBALL ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N A Cassar
J W T Pearson
Ms V Raynbird
N P Taplin
S J Yeomans
I V Walkom
Ms L Hind
A Marshall
D Bendall
L J Howgill
Ms L C Wain



SECRETARY: N A Cassar



REGISTERED OFFICE: Winklebury Football Complex
Winklebury Way
Basingstoke
Hampshire
RG23 8BF



REGISTERED NUMBER: 03975817 (England and Wales)



SENIOR STATUTORY AUDITOR: Matt Cooper ACA



AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Chartered Accountants
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 999,458 975,482
Investments 5 100 100
999,558 975,582

CURRENT ASSETS
Stocks 2,196 826
Debtors 6 774,449 577,092
Cash at bank and in hand 82,002 305,401
858,647 883,319
CREDITORS
Amounts falling due within one year 7 (568,410 ) (483,177 )
NET CURRENT ASSETS 290,237 400,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,289,795

1,375,724

CREDITORS
Amounts falling due after more than one
year

8

(109,687

)

(139,368

)
NET ASSETS 1,180,108 1,236,356

RESERVES
Non-distributable reserve 210,753 175,115
Income and expenditure account 969,355 1,061,241
1,180,108 1,236,356

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 28 June 2024 and were signed on its behalf by:





S J Yeomans - Director


HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Hampshire Football Association Limited is a private company, limited by guarantee , 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 FRS102 "The Financial Reporting Standards 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 FRS102 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 £1.

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

Preparation of consolidated financial statements
The financial statements contain information about Hampshire Football Association Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amounts receivable in the course of running the affairs of the company, exclusive of value added tax.

Turnover is attributable to one continuing activity, that of the promotion and administration of the game of association football in the County of Hampshire. Turnover is wholly within the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold- 60 years straight line, calculated monthly
Solar panels- 25 years straight line, calculated monthly
Plant and machinery- 25% straight line, calculated monthly
Office furniture and fittings- 25% straight line, calculated monthly
Office equipment - 25% straight line, calculated monthly
Computer equipment - 25% straight line, calculated monthly
Motor Vehicles- 25% straight line, calculated monthly

Trophies and memorabilia are revalued every 3-5 years and the latest valuation has been included in these financial statements. Accordingly, trophies and memorabilia are not depreciated.

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

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.

Pension contributions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the income and expenditure account.

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Government grants
The following government grants have been received during the year:

- FA Grants: the accrual method has been used to the recognise the grants on a systematic basis over the period for which the funding is provided.

- Business Support Grant Funds: the accrual model has been used to recognise the grant when it is received or becomes receivable, as there are no future related costs or performance conditions.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Trophies
Short and Plant and
leasehold memorabilia machinery
£ £ £
COST OR VALUATION
At 1 July 2022 905,270 231,025 63,307
Additions - - 1,215
Revaluations - 35,638 -
At 30 June 2023 905,270 266,663 64,522
DEPRECIATION
At 1 July 2022 200,921 - 35,403
Charge for year 15,088 - 1,813
At 30 June 2023 216,009 - 37,216
NET BOOK VALUE
At 30 June 2023 689,261 266,663 27,306
At 30 June 2022 704,349 231,025 27,904

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£ £ £
COST OR VALUATION
At 1 July 2022 77,172 69,152 1,345,926
Additions - 12,188 13,403
Revaluations - - 35,638
At 30 June 2023 77,172 81,340 1,394,967
DEPRECIATION
At 1 July 2022 75,089 59,031 370,444
Charge for year 1,448 6,716 25,065
At 30 June 2023 76,537 65,747 395,509
NET BOOK VALUE
At 30 June 2023 635 15,593 999,458
At 30 June 2022 2,083 10,121 975,482

Trophies and memorabilia were last revalued for insurance purposes on 27 June 2023 by Wessex Valuations.

Cost or valuation at 30 June 2023 is represented by:

Trophies
Short and Plant and
leasehold memorabilia machinery
£ £ £
Valuation in 2012 - 117,412 -
Valuation in 2015 - 17,575 -
Valuation in 2020 - 40,128 -
Valuation in 2023 - 35,638 -
Cost 905,270 55,910 64,522
905,270 266,663 64,522

Fixtures
and Computer
fittings equipment Totals
£ £ £
Valuation in 2012 - - 117,412
Valuation in 2015 - - 17,575
Valuation in 2020 - - 40,128
Valuation in 2023 - - 35,638
Cost 77,172 81,340 1,184,214
77,172 81,340 1,394,967

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 16,502 2,643
Amounts owed by group undertakings 610,952 521,355
Other debtors 146,995 53,094
774,449 577,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 30,256 31,600
Trade creditors 147,221 72,582
Taxation and social security 11,165 29,785
Other creditors 379,768 349,210
568,410 483,177

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 109,687 139,368

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 16,521 26,202
16,521 26,202

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. LEASING AGREEMENTS
At the balance sheet date the company had future commitments under operating leases totalling £28,963 (2022: £28,546).

In addition to the above the company has entered into a management agreement which is inextricably linked to the lease of a premises. The management agreement runs until 2028 at a cost of £25,000 per annum.

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loan 139,944 170,918

The above represents two bank loans, secured over the leasehold property and by way of debenture.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matt Cooper ACA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited

12. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each of the members of the company agrees, in the event of the company being wound up, to contribute to any deficiency in assets a sum not exceeding £10.