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REGISTERED NUMBER: 11266381 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Nantyffyllon Rugby Football Club Limited

Nantyffyllon Rugby Football Club Limited (Registered number: 11266381)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nantyffyllon Rugby Football Club Limited

Company Information
for the Year Ended 31 December 2023







Directors: J B Colston
T Boast
A W Davies
M Williams
G H Williams





Registered office: Nant Y Ffyrling
Nantyffyllon
Maesteg
CF34 OBU





Registered number: 11266381 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Nantyffyllon Rugby Football Club Limited (Registered number: 11266381)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,205,040 1,231,145
Investments 5 1,000 1,000
1,206,040 1,232,145

Current assets
Stocks 16,002 12,634
Debtors 6 1,460 2,627
Cash at bank and in hand 22,839 40,082
40,301 55,343
Creditors
Amounts falling due within one year 7 90,833 85,445
Net current liabilities (50,532 ) (30,102 )
Total assets less current liabilities 1,155,508 1,202,043

Creditors
Amounts falling due after more than one
year

8

(363,740

)

(404,772

)

Accruals and deferred income (431,353 ) (443,623 )
Net assets 360,415 353,648

Reserves
Net assets/liabilities on incorporation 254,361 254,361
Income and expenditure account 106,054 99,287
360,415 353,648

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

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

Nantyffyllon Rugby Football Club Limited (Registered number: 11266381)

Balance Sheet - continued
31 December 2023


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 3 September 2024 and were signed on its behalf by:





J B Colston - Director


Nantyffyllon Rugby Football Club Limited (Registered number: 11266381)

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

1. Statutory information

Nantyffyllon Rugby Football Club 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 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Ground & Clubhouse - in accordance with the property
Plant and machinery etc - 20% on reducing balance

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.

Nantyffyllon Rugby Football Club Limited (Registered number: 11266381)

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

3. Employees and directors

The average number of employees during the year was 10 (2022 - 10 ) .

4. Tangible fixed assets
Plant and
Ground & machinery
Clubhouse etc Totals
£    £    £   
Cost
At 1 January 2023 1,325,007 131,506 1,456,513
Additions - 1,081 1,081
Disposals - (1,498 ) (1,498 )
At 31 December 2023 1,325,007 131,089 1,456,096
Depreciation
At 1 January 2023 134,106 91,262 225,368
Charge for year 19,010 8,134 27,144
Eliminated on disposal - (1,456 ) (1,456 )
At 31 December 2023 153,116 97,940 251,056
Net book value
At 31 December 2023 1,171,891 33,149 1,205,040
At 31 December 2022 1,190,901 40,244 1,231,145

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
WRU Debenture 1,000 1,000

6. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 1,460 2,627

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 27,484 27,484
Trade creditors 14,906 13,494
Taxation and social security 3,348 4,298
Other creditors 45,095 40,169
90,833 85,445

Nantyffyllon Rugby Football Club Limited (Registered number: 11266381)

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

8. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Bank loans 144,229 171,561
Other creditors 219,511 233,211
363,740 404,772

9. Secured debts

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 171,713 199,045
WCVA Loan 195,511 209,211
367,224 408,256

10. Related party disclosures

There is an amount of £35,000 included in long term liabilities in respect of loans that members have made to the club. Interest is accruing on the amounts at a rate of 5%