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REGISTERED NUMBER: 08633007 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Woodbridge Rugby Union Football Club
Limited

Woodbridge Rugby Union Football Club
Limited (Registered number: 08633007)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodbridge Rugby Union Football Club
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: T W Johnson
C S Stokes
D E Clarke
C E Cole





SECRETARY: C S Stokes





REGISTERED OFFICE: Hatchley Barn
Orford Road
Bromeswell
Woodbridge
Suffolk
IP12 2PP





REGISTERED NUMBER: 08633007 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Woodbridge Rugby Union Football Club
Limited (Registered number: 08633007)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 735,084 753,649

CURRENT ASSETS
Stocks 5 10,272 12,587
Debtors 6 13,915 2,471
Cash at bank and in hand 54,020 36,025
78,207 51,083
CREDITORS
Amounts falling due within one year 7 18,694 19,989
NET CURRENT ASSETS 59,513 31,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

794,597

784,743

CREDITORS
Amounts falling due after more than one
year

8

18,225

23,085
NET ASSETS 776,372 761,658

RESERVES
Fair value reserve 9 706,547 706,547
Income and expenditure account 69,825 55,111
MEMBERS' FUNDS 776,372 761,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Woodbridge Rugby Union Football Club
Limited (Registered number: 08633007)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




T W Johnson - Director C S Stokes - Director




D E Clarke - Director C E Cole - Director


Woodbridge Rugby Union Football Club
Limited (Registered number: 08633007)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Woodbridge Rugby Union 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 as modified by the revaluation of certain assets.

Turnover
The turnover represents net invoiced sales of goods and services, excluding value added tax, arising from subscriptions and events associated with Woodbridge Rugby Union Football Club.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Woodbridge Rugby Union Football Club
Limited (Registered number: 08633007)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 737,500 124,145 861,645
Disposals (7,000 ) - (7,000 )
At 31 May 2024 730,500 124,145 854,645
DEPRECIATION
At 1 June 2023 - 107,996 107,996
Charge for year - 11,565 11,565
At 31 May 2024 - 119,561 119,561
NET BOOK VALUE
At 31 May 2024 730,500 4,584 735,084
At 31 May 2023 737,500 16,149 753,649

Cost or valuation at 31 May 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2020 660,469 - 660,469
Valuation in 2022 46,078 - 46,078
Cost 23,953 124,145 148,098
730,500 124,145 854,645

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 10,272 12,587

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,905 620
Other debtors 10,016 -
Prepayments and accrued income 1,994 1,851
13,915 2,471

Woodbridge Rugby Union Football Club
Limited (Registered number: 08633007)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other loans - less than 1 year 4,860 8,290
Trade creditors 7,604 4,079
VAT 2,183 1,361
Other creditors 2,764 4,147
Accruals and deferred income 1,283 2,112
18,694 19,989

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other loans - 1-2 years 4,860 4,860
Other loans - 2-5 years 13,365 13,725
Other loans more than 5 years - 4,500
18,225 23,085

Amounts falling due in more than five years:

Repayable by instalments
Other loans more than 5 years - 4,500

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 706,547

10. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital. The liability of the members is limited. Every member of the company undertakes to contribute such an amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he is a member, or within one year of his ceasing to be a member, for payment of the company's debt and liabilities contracted before he ceases to be a member, and of costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves.