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REGISTERED NUMBER: 07618843 (England and Wales)





STAVELEY MWFC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAVELEY MWFC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr T Damms





REGISTERED OFFICE: Staveley Miners Welfare Football Club
Inkersall Road
Staveley
Derbyshire
S43 3JL





REGISTERED NUMBER: 07618843 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 742,480 347,018

CURRENT ASSETS
Stocks 6,000 3,000
Debtors 6 4,560 4,782
Cash at bank and in hand 92,774 56,969
103,334 64,751
CREDITORS
Amounts falling due within one year 7 251,248 257,734
NET CURRENT LIABILITIES (147,914 ) (192,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,566

154,035

CREDITORS
Amounts falling due after more than one
year

8

(119,633

)

(102,324

)

PROVISIONS FOR LIABILITIES (111,355 ) (5,700 )
NET ASSETS 363,578 46,011

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 306,750 27,000
Retained earnings 10 56,728 18,911
SHAREHOLDERS' FUNDS 363,578 46,011

STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 November 2024 and were signed by:





Mr T Damms - Director


STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Staveley MWFC Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 based on revaluation.

Significant judgements and estimates
During the year, the company revalued certain assets within freehold property with regards to the stands and gymnasium to bring this up to what the director believes is market value.

Turnover
Turnover represents the value excluding Value Added Tax of matches, pitch hire, food and beverage provided to customers during the year. In respect of matches, pitch hire, food and beverage provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

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 - 10% straight line
Improvements to property - 10% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
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.

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.

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

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 July 2023 230,000 129,693 10,244
Additions - 33,181 -
Revaluations 440,000 - -
At 30 June 2024 670,000 162,874 10,244
DEPRECIATION
At 1 July 2023 33,000 15,100 3,192
Charge for year 68,000 12,269 1,058
At 30 June 2024 101,000 27,369 4,250
NET BOOK VALUE
At 30 June 2024 569,000 135,505 5,994
At 30 June 2023 197,000 114,593 7,052

STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 35,755 11,950 417,642
Additions 8,697 - 41,878
Revaluations - - 440,000
At 30 June 2024 44,452 11,950 899,520
DEPRECIATION
At 1 July 2023 12,421 6,911 70,624
Charge for year 3,829 1,260 86,416
At 30 June 2024 16,250 8,171 157,040
NET BOOK VALUE
At 30 June 2024 28,202 3,779 742,480
At 30 June 2023 23,334 5,039 347,018

Cost or valuation at 30 June 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2024 440,000 - -
Cost 230,000 162,874 10,244
670,000 162,874 10,244

STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2024 - - 440,000
Cost 44,452 11,950 459,520
44,452 11,950 899,520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,805 1,957
Called up share capital not paid 100 100
Prepayments and accrued income 2,655 2,725
4,560 4,782

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,750 8,750
Trade creditors 11,754 5,508
Amounts owed to related party 155,690 161,970
Corporation tax 5,387 -
Social security and other taxes 293 272
VAT 3,333 2,282
Other creditors 61 368
Deferred grant 16,288 12,269
Directors' current accounts - 25,600
Accruals and deferred income 52,692 40,715
251,248 257,734

The deferred grants are released in line with reducing net book value of the asset that they relate to.

STAVELEY MWFC LTD (REGISTERED NUMBER: 07618843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Deferred grant 1-5 years 65,154 49,076
Deferred grant more than 5 yrs 54,479 53,248
119,633 102,324

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 18,911 27,000 45,911
Deficit for the year (20,183 ) - (20,183 )
Movement in valuation - 440,000 440,000
Deferred tax movement - (102,250 ) (102,250 )
Transfer between reserves 58,000 (58,000 ) -
At 30 June 2024 56,728 306,750 363,478

11. RELATED PARTY DISCLOSURES

At the balance sheet date £155,690 (2023: £161,790) was owed to related parties.