Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr T G Brocklebank 18/10/2016 Mr R G Denning 27/06/2017 Mr S Kastell 01/05/2023 Dr N P Mckay 09/08/2021 Mr S Nicholls 09/08/2021 Mr C A Price 31/10/2023 27/06/2017 Mr N A Tinney 25/06/2019 Ms L A E Trescothick 01/12/2023 Mr L Trescothick 19/02/2015 14 August 2024 The principal activity of the Company during the financial year was activities of sports clubs. 09449233 2024-04-30 09449233 bus:Director1 2024-04-30 09449233 bus:Director2 2024-04-30 09449233 bus:Director3 2024-04-30 09449233 bus:Director4 2024-04-30 09449233 bus:Director5 2024-04-30 09449233 bus:Director6 2024-04-30 09449233 bus:Director7 2024-04-30 09449233 bus:Director8 2024-04-30 09449233 bus:Director9 2024-04-30 09449233 2023-04-30 09449233 core:CurrentFinancialInstruments 2024-04-30 09449233 core:CurrentFinancialInstruments 2023-04-30 09449233 core:Non-currentFinancialInstruments 2024-04-30 09449233 core:Non-currentFinancialInstruments 2023-04-30 09449233 core:RetainedEarningsAccumulatedLosses 2024-04-30 09449233 core:RetainedEarningsAccumulatedLosses 2023-04-30 09449233 core:LandBuildings 2023-04-30 09449233 core:PlantMachinery 2023-04-30 09449233 core:FurnitureFittings 2023-04-30 09449233 core:OfficeEquipment 2023-04-30 09449233 core:LandBuildings 2024-04-30 09449233 core:PlantMachinery 2024-04-30 09449233 core:FurnitureFittings 2024-04-30 09449233 core:OfficeEquipment 2024-04-30 09449233 core:CostValuation 2023-04-30 09449233 core:CostValuation 2024-04-30 09449233 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 09449233 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-30 09449233 2023-05-01 2024-04-30 09449233 bus:FilletedAccounts 2023-05-01 2024-04-30 09449233 bus:SmallEntities 2023-05-01 2024-04-30 09449233 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09449233 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 09449233 bus:Director1 2023-05-01 2024-04-30 09449233 bus:Director2 2023-05-01 2024-04-30 09449233 bus:Director3 2023-05-01 2024-04-30 09449233 bus:Director4 2023-05-01 2024-04-30 09449233 bus:Director5 2023-05-01 2024-04-30 09449233 bus:Director6 2023-05-01 2024-04-30 09449233 bus:Director7 2023-05-01 2024-04-30 09449233 bus:Director8 2023-05-01 2024-04-30 09449233 bus:Director9 2023-05-01 2024-04-30 09449233 core:LandBuildings core:BottomRangeValue 2023-05-01 2024-04-30 09449233 core:LandBuildings core:TopRangeValue 2023-05-01 2024-04-30 09449233 core:PlantMachinery 2023-05-01 2024-04-30 09449233 core:FurnitureFittings 2023-05-01 2024-04-30 09449233 core:OfficeEquipment 2023-05-01 2024-04-30 09449233 2022-05-01 2023-04-30 09449233 core:LandBuildings 2023-05-01 2024-04-30 09449233 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 09449233 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 09449233 (England and Wales)

TRURO 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

TRURO RUGBY FOOTBALL CLUB LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TRURO RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
TRURO RUGBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 929,256 865,291
Investments 4 1 1
929,257 865,292
Current assets
Debtors 5 819 27,347
Cash at bank and in hand 37,521 26,298
38,340 53,645
Creditors: amounts falling due within one year 6 ( 52,960) ( 42,941)
Net current (liabilities)/assets (14,620) 10,704
Total assets less current liabilities 914,637 875,996
Creditors: amounts falling due after more than one year 7 ( 113,081) ( 121,111)
Net assets 801,556 754,885
Reserves
Profit and loss account 801,556 754,885
Total reserves 801,556 754,885

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 Truro Rugby Football Club Limited (registered number: 09449233) were approved and authorised for issue by the Board of Directors on 14 August 2024. They were signed on its behalf by:

Mr N A Tinney
Director
TRURO RUGBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TRURO 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

Truro 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 Truro Rugby Football Club, St Clements Hill, Truro, TR1 1NY, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

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 on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings 8 - 50 years straight line
Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 15 % reducing balance

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 performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

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

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 May 2023 878,119 31,739 20,016 2,398 932,272
Additions 78,279 10,486 0 2,154 90,919
At 30 April 2024 956,398 42,225 20,016 4,552 1,023,191
Accumulated depreciation
At 01 May 2023 53,595 3,134 9,952 300 66,981
Charge for the financial year 19,952 5,051 1,526 425 26,954
At 30 April 2024 73,547 8,185 11,478 725 93,935
Net book value
At 30 April 2024 882,851 34,040 8,538 3,827 929,256
At 30 April 2023 824,524 28,605 10,064 2,098 865,291

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 1
At 30 April 2024 1
Carrying value at 30 April 2024 1
Carrying value at 30 April 2023 1

5. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 819 14,592
VAT recoverable 0 12,755
819 27,347

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,222 2,222
Trade creditors 21,788 34,960
Other loans 12,761 0
Accruals 4,971 3,689
Other taxation and social security 7,087 0
Obligations under finance leases and hire purchase contracts (secured) 4,131 2,070
52,960 42,941

Obligations under hire purchase contracts are secured over the assets to which they relate.

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

2024 2023
£ £
Bank loans 12,222 14,445
Other loans 91,288 99,999
Obligations under finance leases and hire purchase contracts (secured) 9,571 6,667
113,081 121,111

Obligations under hire purchase contracts are secured over the assets to which they relate.

8. Liability of members

The members of the Truro 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.