IRIS Accounts Production v24.3.0.553 00176333 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh001763332023-05-31001763332024-05-31001763332023-06-012024-05-31001763332022-05-31001763332022-06-012023-05-31001763332023-05-3100176333ns15:EnglandWales2023-06-012024-05-3100176333ns14:PoundSterling2023-06-012024-05-3100176333ns10:Director12023-06-012024-05-3100176333ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3100176333ns10:SmallEntities2023-06-012024-05-3100176333ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3100176333ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3100176333ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3100176333ns10:FullAccounts2023-06-012024-05-3100176333ns10:Director22023-06-012024-05-3100176333ns10:Director32023-06-012024-05-3100176333ns10:Director42023-06-012024-05-3100176333ns10:Director52023-06-012024-05-3100176333ns10:Director62023-06-012024-05-3100176333ns10:Director72023-06-012024-05-3100176333ns10:Director82023-06-012024-05-3100176333ns10:Director102023-06-012024-05-3100176333ns10:RegisteredOffice2023-06-012024-05-3100176333ns5:CurrentFinancialInstruments2024-05-3100176333ns5:CurrentFinancialInstruments2023-05-3100176333ns5:Non-currentFinancialInstruments2024-05-3100176333ns5:Non-currentFinancialInstruments2023-05-3100176333ns5:ShareCapital2024-05-3100176333ns5:ShareCapital2023-05-3100176333ns5:SharePremium2024-05-3100176333ns5:SharePremium2023-05-3100176333ns5:RetainedEarningsAccumulatedLosses2024-05-3100176333ns5:RetainedEarningsAccumulatedLosses2023-05-3100176333ns5:LandBuildings2023-05-3100176333ns5:PlantMachinery2023-05-3100176333ns5:LandBuildings2023-06-012024-05-3100176333ns5:PlantMachinery2023-06-012024-05-3100176333ns5:LandBuildings2024-05-3100176333ns5:PlantMachinery2024-05-3100176333ns5:LandBuildings2023-05-3100176333ns5:PlantMachinery2023-05-3100176333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3100176333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3100176333ns5:RetainedEarningsAccumulatedLosses2023-05-3100176333ns5:SharePremium2023-05-3100176333ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 00176333 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Altrincham Association Football
Club,limited

Altrincham Association Football
Club,limited (Registered number: 00176333)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Altrincham Association Football
Club,limited

Company Information
for the year ended 31 May 2024







DIRECTORS: Mr S A Burton
Mr J Coyne
Mr N P Faulkner
Mr L Looney
Mr M P Luby
Mrs S J Mackenzie
Mr A A Valdes
Mr W J Waterson
Mr R C Esteva





REGISTERED OFFICE: The J Davidson Stadium Moss Lane
Hale
Altrincham
Cheshire
WA15 8AP





REGISTERED NUMBER: 00176333 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP

Altrincham Association Football
Club,limited (Registered number: 00176333)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,173,422 1,119,153

CURRENT ASSETS
Stocks 22,950 17,614
Debtors 5 71,177 40,231
Cash at bank and in hand 1,132,332 622,456
1,226,459 680,301
CREDITORS
Amounts falling due within one year 6 (184,304 ) (179,365 )
NET CURRENT ASSETS 1,042,155 500,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,577

1,620,089

CREDITORS
Amounts falling due after more than one year 7 (792,987 ) (794,637 )
NET ASSETS 1,422,590 825,452

CAPITAL AND RESERVES
Called up share capital 468,226 307,264
Share premium 8 2,272,338 838,202
Retained earnings 8 (1,317,974 ) (320,014 )
1,422,590 825,452

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 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 18 October 2024 and were signed on its behalf by:



Mr W J Waterson - Director


Altrincham Association Football
Club,limited (Registered number: 00176333)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Altrincham 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.

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
Leasehold land and buildings - Straight line over the life of the lease
Fixtures & fittings - 10% straight line
Computers - 33% straight line

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.

The company has trading losses of £ 2,505,089 (2023- £1,452,536) to carry forward and set off against future profits. The surplus deferred taxation asset of £626,272 (2023 -£363,134) over and above the deferred taxation liabilities in respect of these losses have not been recognised as the directors consider there to be insufficient certainty as to their recoverability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 55 ) .

Altrincham Association Football
Club,limited (Registered number: 00176333)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 June 2023 1,728,602 323,198 2,051,800
Additions 92,177 15,826 108,003
At 31 May 2024 1,820,779 339,024 2,159,803
DEPRECIATION
At 1 June 2023 677,578 255,069 932,647
Charge for year 36,895 16,839 53,734
At 31 May 2024 714,473 271,908 986,381
NET BOOK VALUE
At 31 May 2024 1,106,306 67,116 1,173,422
At 31 May 2023 1,051,024 68,129 1,119,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 71,067 30,745
Other debtors 110 9,486
71,177 40,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 27,082 14,022
Taxation and social security 60,693 42,246
Other creditors 96,529 123,097
184,304 179,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 792,987 794,637

8. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 June 2023 (320,014 ) 838,202 518,188
Deficit for the year (997,960 ) (997,960 )
Cash share issue - 1,434,136 1,434,136
At 31 May 2024 (1,317,974 ) 2,272,338 954,364

Altrincham Association Football
Club,limited (Registered number: 00176333)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

9. CONTINGENT LIABILITIES

A loan creditor of £355,500 was written back to the profit and loss account in the year to 31 May 2013. The loan was made to the company some years ago and the repayment of the loan was subject to the terms of a legal agreement entered into.

It is the company's view that this loan will not be repayable as the terms of the legal agreement triggering repayment cannot now be met.

Further correspondence has been received from the creditors representatives but the company's solicitors have repudiated the claim for repayment of this debt and have advised the club to reject any claim for repayment robustly.

Nothing has been heard from the creditors representatives for over five years.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Altrincham Association Football
Club,limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Altrincham Association Football Club,limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Altrincham Association Football Club,limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Altrincham Association Football Club,limited and state those matters that we have agreed to state to the Board of Directors of Altrincham Association Football Club,limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Altrincham Association Football Club,limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Altrincham Association Football Club,limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Altrincham Association Football Club,limited. You consider that Altrincham Association Football Club,limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Altrincham Association Football Club,limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP


18 October 2024