PREMIER LEAGUE STADIUM FUND LIMITED

Company limited by guarantee

Company Registration Number:
04007132 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

PREMIER LEAGUE STADIUM FUND LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PREMIER LEAGUE STADIUM FUND LIMITED

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The Premier League Stadium Fund Limited acts as an agent for the Premier League in passing on funding for activities relating to the safety and comfort of spectators at, and the redevelopment of, football stadia.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

P D G McCormick OBE
M W Bullingham
W M Bush


Secretary Jennie Goodman

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 September 2024

And signed on behalf of the board by:
Name: Jennie Goodman
Status: Secretary

PREMIER LEAGUE STADIUM FUND LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 2,224,000 1,774,000
Gross profit(or loss): 2,224,000 1,774,000
Distribution costs: 0
Administrative expenses: ( 2,214,000 ) ( 1,777,000 )
Other operating income: 0
Operating profit(or loss): 10,000 (3,000)
Interest receivable and similar income: 275,000 115,000
Profit(or loss) before tax: 285,000 112,000
Profit(or loss) for the financial year: 285,000 112,000

PREMIER LEAGUE STADIUM FUND LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 91,000 103,000
Cash at bank and in hand: 17,294,000 13,169,000
Investments:   0 0
Total current assets: 17,385,000 13,272,000
Prepayments and accrued income: 88,000 1,350,000
Creditors: amounts falling due within one year: 4 ( 16,612,000 ) ( 14,047,000 )
Net current assets (liabilities): 861,000 575,000
Total assets less current liabilities: 861,000 575,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 15,000 ) ( 14,000 )
Total net assets (liabilities): 846,000 561,000
Members' funds
Profit and loss account: 846,000 561,000
Total members' funds: 846,000 561,000

The notes form part of these financial statements

PREMIER LEAGUE STADIUM FUND LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: P D G McCormick OBE
Status: Director

The notes form part of these financial statements

PREMIER LEAGUE STADIUM FUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income is accounted for on a receivable basis

    Other accounting policies

    Expenditure is accounted for on an accruals basis. Interest receivable on the long-term loan has been recognised in the year due to the expectation that this amount will be received. Interest is also receivable from cash held at bank. Going concern The Premier League has confirmed, in writing, to the Directors that it will provide funds over, at least, the next 12 months as part of their commitment to the company which will enable it to meet the grant commitments that the company has made in advance of the receipt of funding. External grant commitments are only ever made from the funds provided from the Premier League; therefore, grants will never exceed the funds held by the company. As a result, the Directors consider that the going concern basis of accounting is appropriate for these financial statements. Cash at bank and in hand Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less. Cash flow statement In line with FRS 102 section 1A.8 a cash flow statement is not required. Taxation Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using rates that have been enacted or substantively enacted by the reporting date. Deferred taxation A provision is made for deferred taxation using the incremental liability method where the Directors consider deferred taxation has a material impact on the financial statements. Material deferred tax assets are only recognised to the extent they are recoverable. Critical accounting judgements and key estimates Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company has made no critical accounting judgements in the financial year. There is one accounting estimate relating to costs incurred by The Football Foundation and recharged to the company which includes key assumptions about the allocation of PLSF related costs between the two entities. The allocation method is reviewed annually to ensure that the amounts recharged are based on the best estimate of actual costs if they were incurred directly by the company

PREMIER LEAGUE STADIUM FUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 25 16

PREMIER LEAGUE STADIUM FUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Other debtors 91,000 103,000
Total 91,000 103,000
Debtors due after more than one year: 0 0

PREMIER LEAGUE STADIUM FUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 22,000 0
Other creditors 16,590,000 14,047,000
Total 16,612,000 14,047,000

PREMIER LEAGUE STADIUM FUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Financial Commitments

All grant commitments have been recognised once the grant has been authorised and communicated to the recipient.