for the Period Ended 31 May 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Principal activities of the company
Additional information
Review of activities Further to the sale of the Upshot trading business in March 2021, there has been no trading activity in FFTL. The Board of Directors passed a resolution for a dividend to be paid from FFTL to The Football Foundation at the May 2023 Board meeting, and the £310k dividend payment was subsequently made. In May 2024, the Board of Directors passed a resolution for the final dividend to be paid from FFTL to the Football Foundation, and the £196 dividend payment was made in 2024. The next step in 2024/25 will be to make FFTL dormant necessitating the adoption of a non-going concern basis of accounting. Both the level of activity and the year-end financial position were satisfactory. Going concern Further to the sale of the Upshot trading business in March 2021, and the payment of dividends as set out above, there has been no trading activity in FFTL. Consequently, these financial statements have been prepared on a non-going concern basis of accounting.
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 2024
Secretary
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
And signed on behalf of the board by:
Name:
Status: Secretary
for the Period Ended
2024 | 2023 | |
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Total |
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