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REGISTERED NUMBER: 10943649 (England and Wales)













CLWB RYGBI YSTRADGYNLAIS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLWB RYGBI YSTRADGYNLAIS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: T S Davies
D J Holsgrove
S A Bateman
M F Donnelly





REGISTERED OFFICE: The Clubhouse Ynyscedwyn Road
Ystradgynlais
Swansea
Powys
SA9 1BH





REGISTERED NUMBER: 10943649 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 489,168 527,534
Investments 6 4,000 4,000
493,168 531,534

CURRENT ASSETS
Stocks 10,303 9,434
Debtors 7 2,438 -
Cash at bank and in hand 23,982 7,645
36,723 17,079
CREDITORS
Amounts falling due within one year 8 42,174 29,087
NET CURRENT LIABILITIES (5,451 ) (12,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES 487,717 519,526

CREDITORS
Amounts falling due after more than one
year

9

12,637

21,766
NET ASSETS 475,080 497,760

RESERVES
Revaluation reserve 10 350,019 357,406
Income and expenditure account 10 125,061 140,354
475,080 497,760

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

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

CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





T S Davies - Director


CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Clwb Rygbi Ystradgynlais Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Bar Trading Income
The Club's trading income represents net sales of goods, excluding value added tax

Other Income
The Club receives income from activities relating to the provision of the rugby football union, which includes grants from its governing body.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Investment property - Over 50 years
Improvements to freehold property - 10% on cost
Plant and machinery - 20% on cost
Fixtures & Equipment - 33% on cost, 20% on cost, 10% on cost and 10% on reducing balance
Computer equipment - 33% 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
The company is a registered CASC during the reporting period,and subject to income from it's trading activities being below the required threshold, exemption from corporation tax and capital gains tax can be taken advantage of.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued

Capital grants
Capital grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful economic life of the asset concerned. Other grants are credited to the profit and loss account as related expenditure is incurred.

Government grants
Government grants are recognised at the fair value of the amounts received when there is reasonable assurance the company will comply with the conditions attaching to them.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to
Freehold Investment freehold
property property property
£    £    £   
COST
At 1 August 2023 302,482 100,000 179,271
Additions - - -
At 31 July 2024 302,482 100,000 179,271
DEPRECIATION
At 1 August 2023 36,794 8,000 53,258
Charge for year 6,068 2,000 17,927
At 31 July 2024 42,862 10,000 71,185
NET BOOK VALUE
At 31 July 2024 259,620 90,000 108,086
At 31 July 2023 265,688 92,000 126,013

CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS - continued

Plant and Fixtures Computer
machinery & Equipment equipment Totals
£    £    £    £   
COST
At 1 August 2023 8,526 84,790 614 675,683
Additions 3,024 - - 3,024
At 31 July 2024 11,550 84,790 614 678,707
DEPRECIATION
At 1 August 2023 8,042 41,441 614 148,149
Charge for year 598 14,797 - 41,390
At 31 July 2024 8,640 56,238 614 189,539
NET BOOK VALUE
At 31 July 2024 2,910 28,552 - 489,168
At 31 July 2023 484 43,349 - 527,534

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
WRU debentures cost 4,000 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,438 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,500 7,500
Trade creditors 9,155 2,619
Wages 931 812
Social security and other taxes 329 331
VAT 6,352 6,806
Other creditors 20 21
Players tour - 1,440
Accruals and deferred income 9,487 4,138
Accrued expenses 6,770 3,790
Deferred WRU grants 1,630 1,630
42,174 29,087

CLWB RYGBI YSTRADGYNLAIS LTD (REGISTERED NUMBER: 10943649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,750 16,250
Deferred WRU grants 3,887 5,516
12,637 21,766

10. RESERVES
Income
and
expenditure Revaluation
account reserve Totals
£    £    £   

At 1 August 2023 140,354 357,406 497,760
Deficit for the year (15,293 ) (15,293 )
Depreciation on revaluation - (7,387 ) (7,387 )
At 31 July 2024 125,061 350,019 475,080

11. CONTINGENT LIABILITIES

The company is registered as a Community Amateur Sports Club (CASC), and as long as qualifying conditions are met, can take advantage of certain tax exemptions and a reduction in business rates.
During the year the clubs level of income from non-members exceeded the CASC income threshold limit.
The committee have reviewed and addressed the position and have put in place measures to ensure compliance with CASC eligibility, and on that basis no adjustments have been included in the accounts should the company fail to meet CASC status.

12. OTHER FINANCIAL COMMITMENTS

The company had total financial commitments on 31 July 2024 of £4,865 (31July 2023; £6,325).

13. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. In the event of winding up, the members are liable to contribute £1 each.