Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity1720falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06874527 2023-05-01 2024-04-30 06874527 2022-05-01 2023-04-30 06874527 2024-04-30 06874527 2023-04-30 06874527 c:Director2 2023-05-01 2024-04-30 06874527 c:Director6 2023-05-01 2024-04-30 06874527 d:Buildings 2023-05-01 2024-04-30 06874527 d:Buildings 2024-04-30 06874527 d:Buildings 2023-04-30 06874527 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06874527 d:FurnitureFittings 2023-05-01 2024-04-30 06874527 d:FurnitureFittings 2024-04-30 06874527 d:FurnitureFittings 2023-04-30 06874527 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06874527 d:OfficeEquipment 2023-05-01 2024-04-30 06874527 d:OfficeEquipment 2024-04-30 06874527 d:OfficeEquipment 2023-04-30 06874527 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06874527 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 06874527 d:OtherPropertyPlantEquipment 2024-04-30 06874527 d:OtherPropertyPlantEquipment 2023-04-30 06874527 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06874527 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06874527 d:CurrentFinancialInstruments 2024-04-30 06874527 d:CurrentFinancialInstruments 2023-04-30 06874527 d:Non-currentFinancialInstruments 2024-04-30 06874527 d:Non-currentFinancialInstruments 2023-04-30 06874527 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06874527 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06874527 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 06874527 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06874527 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 06874527 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 06874527 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 06874527 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 06874527 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 06874527 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 06874527 d:OtherMiscellaneousReserve 2024-04-30 06874527 d:OtherMiscellaneousReserve 2023-04-30 06874527 d:RetainedEarningsAccumulatedLosses 2024-04-30 06874527 d:RetainedEarningsAccumulatedLosses 2023-04-30 06874527 c:FRS102 2023-05-01 2024-04-30 06874527 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06874527 c:FullAccounts 2023-05-01 2024-04-30 06874527 c:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 06874527 d:WithinOneYear 2024-04-30 06874527 d:WithinOneYear 2023-04-30 06874527 d:BetweenOneFiveYears 2024-04-30 06874527 d:BetweenOneFiveYears 2023-04-30 06874527 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 06874527 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 06874527 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 06874527 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 06874527 2 2023-05-01 2024-04-30 06874527 7 2023-05-01 2024-04-30 06874527 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 06874527 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-30 06874527 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 06874527









EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 06874527

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
504,757
448,961

  
504,757
448,961

Current assets
  

Stocks
  
4,547
4,547

Debtors: amounts falling due within one year
 6 
29,199
25,699

Cash at bank and in hand
 7 
72,331
100,075

  
106,077
130,321

Creditors: amounts falling due within one year
 8 
(110,259)
(97,976)

Net current (liabilities)/assets
  
 
 
(4,182)
 
 
32,345

Total assets less current liabilities
  
500,575
481,306

Creditors: amounts falling due after more than one year
 9 
(173,307)
(169,191)

  

Net assets
  
327,268
312,115


Capital and reserves
  

Other reserves
  
229,416
229,416

Profit and loss account
  
97,852
82,699

  
327,268
312,115


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 06874527
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




Mr D Arnold
Mr R Marsh
Director
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

East Grinstead Rugby Football Club Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Saint Hill Road, East Grinstead, West Sussex, England, RH19 4JU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Intial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

During 2015, the company entered into a 35-year lease of the land on which the phone mast is sited. The lease premium is being recognised as income over the period of the lease, The resulting deferred lease income is estimated on a calendar basis.

Page 3

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Fixtures and fittings
-
10%
Office equipment
-
10%
Improvement to property
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 
Page 6

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of
Page 7

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and furure periods where the revision affects both current and future periods.
 
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

RFF loan
The company has an interest free loan from the Rugby Football Foundation. Such loans are only available to rugby clubs for the benefit of their members. In thus very restricted market, the directors consider that zero% is the market rate of interest.

Classification of land and buildings
None of the freehold land and buildings are considered to be investment property. Ratana House continues to be let nder short term leases (at present - 5 years). However, the directors contrinue to consider that this asset is not an investment property as it cannot be valued or separated from the whole. The directors do not consider that the value of the land on which the phone mast is sited can be valued separately from the remainder of the company's land.


4.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 20).

Page 8

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Plant & Equipment
Improvements to property
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
550,616
41,029
65,107
77,652
734,404


Additions
13,388
3,696
3,960
68,607
89,651



At 30 April 2024

564,004
44,725
69,067
146,259
824,055



Depreciation


At 1 May 2023
152,556
24,736
43,355
64,796
285,443


Charge for the year on owned assets
15,701
3,132
6,486
8,536
33,855



At 30 April 2024

168,257
27,868
49,841
73,332
319,298



Net book value



At 30 April 2024
395,747
16,857
19,226
72,927
504,757



At 30 April 2023
398,060
16,293
21,752
12,856
448,961

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
4,200
4,800

Page 9

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
3,723
1,178

Other debtors
4,593
2,166

Prepayments and accrued income
20,883
22,355

29,199
25,699



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
72,331
100,075



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,575
6,804

Other loans
13,768
6,668

Trade creditors
35,247
35,137

Other taxation and social security
8,297
8,951

Obligations under finance lease and hire purchase contracts
2,170
1,995

Other creditors
31,213
27,908

Accruals and deferred income
11,989
10,513

110,259
97,976


The following liabilities were secured:

2024
2023
£
£



RFU loan
6,668
6,668

Details of security provided:

The loan from the Rugby Football Foundation is secured by way of a legal charge over the company's freehold land and buildings. The loan is for a term of 15 years, ending in 2028. The interest rate is 0%.

Page 10

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,066
15,783

Other loans
53,420
34,988

Net obligations under finance leases and hire purchase contracts
-
2,170

Accruals and deferred income
111,821
116,250

173,307
169,191


The following liabilities were secured:

2024
2023
£
£



RFU loan
21,652
34,988

Details of security provided:

The loan from the Rugby Football Foundation is secured by way of a legal charge over the company's freehold land and buildings. The loan is for a term of 15 years, ending in 2028. The interest rate is 0%.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
1,648
8,316

This relates to an interest free loan from the RFU and is being repaid by quarterly repayments of £1,667.

Page 11

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,575
6,804

Other loans
13,768
6,668


21,343
13,472

Amounts falling due 1-2 years

Bank loans
6,954
6,804

Other loans
13,768
6,668


20,722
13,472

Amounts falling due 2-5 years

Bank loans
1,112
8,979

Other loans
38,004
20,004


39,116
28,983

Amounts falling due after more than 5 years

Other loans
1,648
8,316

1,648
8,316

82,829
64,243



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,170
1,995

Between 1-5 years
-
2,170

2,170
4,165

Page 12

 
EAST GRINSTEAD RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


12.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,641 (2023 - £1,299) . Contributions totalling £448 (2023 - £263) were payable to the fund at the balance sheet date and are included in creditors


14.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
76
-

Later than 1 year and not later than 5 years
-
990


15.


Related party transactions

During the year, two directors provided services to the company. The services provided related to building maintenance and soical media and digital marketing. The total amount paid for these services in the year amounted to £20,300 (2023; £27,000l). The board conisder thal all transactions have been on a commercial basis.
At the year end £nil (2023: £19,000) was owed for these services.
At the year end the company owed £17,350 to four directors who had leant the company money to help with the purchase of the new floodlights. The loans are interest free and are to be repaid by 31 December 2028. These terms are the same as for other members of the company who contributed towards this project.

 
Page 13