IRIS Accounts Production v24.1.9.2 02843062 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028430622022-12-31028430622023-12-31028430622023-01-012023-12-31028430622021-12-31028430622022-01-012022-12-31028430622022-12-3102843062ns15:EnglandWales2023-01-012023-12-3102843062ns14:PoundSterling2023-01-012023-12-3102843062ns10:Director12023-01-012023-12-3102843062ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102843062ns10:SmallEntities2023-01-012023-12-3102843062ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102843062ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102843062ns10:FullAccounts2023-01-012023-12-3102843062ns10:Director22023-01-012023-12-3102843062ns10:Director32023-01-012023-12-3102843062ns10:Director42023-01-012023-12-3102843062ns10:Director52023-01-012023-12-3102843062ns10:Director62023-01-012023-12-3102843062ns10:Director72023-01-012023-12-3102843062ns10:Director82023-01-012023-12-3102843062ns10:Director92023-01-012023-12-3102843062ns10:CompanySecretary12023-01-012023-12-3102843062ns10:RegisteredOffice2023-01-012023-12-3102843062ns5:CurrentFinancialInstruments2023-12-3102843062ns5:CurrentFinancialInstruments2022-12-3102843062ns5:Non-currentFinancialInstruments2023-12-3102843062ns5:Non-currentFinancialInstruments2022-12-3102843062ns5:ShareCapital2023-12-3102843062ns5:ShareCapital2022-12-3102843062ns5:SharePremium2023-12-3102843062ns5:SharePremium2022-12-3102843062ns5:RevaluationReserve2023-12-3102843062ns5:RevaluationReserve2022-12-3102843062ns5:RetainedEarningsAccumulatedLosses2023-12-3102843062ns5:RetainedEarningsAccumulatedLosses2022-12-3102843062ns5:PlantMachinery2023-01-012023-12-3102843062ns5:FurnitureFittings2023-01-012023-12-3102843062ns5:MotorVehicles2023-01-012023-12-3102843062ns5:LandBuildings2022-12-3102843062ns5:PlantMachinery2022-12-3102843062ns5:FurnitureFittings2022-12-3102843062ns5:MotorVehicles2022-12-3102843062ns5:LandBuildings2023-01-012023-12-3102843062ns5:LandBuildings2023-12-3102843062ns5:PlantMachinery2023-12-3102843062ns5:FurnitureFittings2023-12-3102843062ns5:MotorVehicles2023-12-3102843062ns5:LandBuildings2022-12-3102843062ns5:PlantMachinery2022-12-3102843062ns5:FurnitureFittings2022-12-3102843062ns5:MotorVehicles2022-12-3102843062ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102843062ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 02843062 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED

VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02843062)

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


VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr D R Knapp
Mr L W Leeson
Mr D Lorden
Miss L J Melvin
Mr M F Yeats
Mr B G Melvin
Mr J M Melvin
Mr I B Melvin
Mr N A Melvin





SECRETARY: Mr B G Melvin





REGISTERED OFFICE: Butlin Road
Rugby
Warwickshire
CV21 3SD





REGISTERED NUMBER: 02843062 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02843062)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,058,195 1,061,368

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 11,353 15,658
Cash at bank and in hand 21,328 80,842
33,681 97,500
CREDITORS
Amounts falling due within one year 6 54,021 274,742
NET CURRENT LIABILITIES (20,340 ) (177,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,037,855

884,126

CREDITORS
Amounts falling due after more than one
year

7

306,794

22,657
NET ASSETS 731,061 861,469

CAPITAL AND RESERVES
Called up share capital 26,290 26,290
Share premium 25,950 25,950
Revaluation reserve 275,731 275,731
Retained earnings 403,090 533,498
SHAREHOLDERS' FUNDS 731,061 861,469

VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02843062)

BALANCE SHEET - continued
31 December 2023


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 profit or loss 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.

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 25 September 2024 and were signed on its behalf by:





Mr N A Melvin - Director


VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02843062)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Valley Sports Rugby Association Football Club Limited is a private company, limited by shares , 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net ticket sales and merchandising, excluding value added tax.


Tangible assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Medical Equipment - 25% on reducing balance
Furniture & Equipment - 25% on reducing balance

In the opinion of the Directors the carrying value of land and buildings is fairly stated. The Company had an option to purchase the site where the land and buildings are held and has exercised this option to purchase the freehold during the accounting period.

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.

VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02843062)

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 18 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Medical Furniture
Property machinery Equipment & Equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 996,990 94,728 529 17,314 1,109,561
Additions - 277 - - 277
At 31 December 2023 996,990 95,005 529 17,314 1,109,838
DEPRECIATION
At 1 January 2023 - 31,137 404 16,652 48,193
Charge for year - 3,254 31 165 3,450
At 31 December 2023 - 34,391 435 16,817 51,643
NET BOOK VALUE
At 31 December 2023 996,990 60,614 94 497 1,058,195
At 31 December 2022 996,990 63,591 125 662 1,061,368

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and Medical Furniture
Property machinery Equipment & Equipment Totals
£    £    £    £    £   
Valuation in 2006 1,256,133 - - - 1,256,133
Valuation in 2014 (980,402 ) - - - (980,402 )
Valuation in 2016 (10,000 ) - - - (10,000 )
Cost 731,259 95,005 529 17,314 844,107
996,990 95,005 529 17,314 1,109,838

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 731,259 731,259

Land and buildings were valued on a carrying value basis on 28 September 2015 by the Directors of the company .

VALLEY SPORTS RUGBY ASSOCIATION
FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02843062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,473 7,704
Other debtors 7,880 7,954
11,353 15,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,828 (1,923 )
Amounts owed to group undertakings - 230,323
Taxation and social security 12,448 10,597
Other creditors 35,745 35,745
54,021 274,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 306,794 22,657

8. ULTIMATE PARENT COMPANY

The company is part of a Group of which the ultimate parent company is R.M.B. (Sports) Ltd who are incorporated and registered in England, company registration number 15354718.