CRFC Events Limited 14705118 false 2023-03-03 2024-03-31 2024-03-31 The principal activity of the company is sports club Digita Accounts Production Advanced 6.30.9574.0 true true 14705118 2023-03-03 2024-03-31 14705118 2024-03-31 14705118 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 14705118 core:CurrentFinancialInstruments 2024-03-31 14705118 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14705118 bus:SmallEntities 2023-03-03 2024-03-31 14705118 bus:AuditExemptWithAccountantsReport 2023-03-03 2024-03-31 14705118 bus:FilletedAccounts 2023-03-03 2024-03-31 14705118 bus:SmallCompaniesRegimeForAccounts 2023-03-03 2024-03-31 14705118 bus:RegisteredOffice 2023-03-03 2024-03-31 14705118 bus:Director1 2023-03-03 2024-03-31 14705118 bus:Director2 2023-03-03 2024-03-31 14705118 bus:Director3 2023-03-03 2024-03-31 14705118 bus:Director4 2023-03-03 2024-03-31 14705118 bus:Director5 2023-03-03 2024-03-31 14705118 bus:Director6 2023-03-03 2024-03-31 14705118 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-03 2024-03-31 14705118 bus:PrivateLimitedCompanyLtd 2023-03-03 2024-03-31 14705118 countries:AllCountries 2023-03-03 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14705118

CRFC Events Limited

Annual Report and Unaudited Financial Statements

for the Period from 3 March 2023 to 31 March 2024

 

CRFC Events Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

CRFC Events Limited

Company Information
__________________________________________________________________________

Directors

John Richard Bailey

Nicolas Richard Hendy

Gareth Bryant Stingemore

John Fredrick Underhill

Lyndsey Denyer

John Luke Margetts

Registered office

Cranleigh RFC
Wildwood Lane
Cranleigh
Surrey
GU6 8JR


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
N3 2LJ

 

CRFC Events Limited

(Registration number: 14705118)
Balance Sheet as at 31 March 2024
__________________________________________________________________________

Note

2024
£

Current assets

 

Debtors

3

5,567

Cash at bank and in hand

 

32,859

 

38,426

Creditors: Amounts falling due within one year

4

(43,978)

Net liabilities

 

(5,552)

Capital and reserves

 

Called up share capital

5

1

Retained earnings

(5,553)

Shareholders' deficit

 

(5,552)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 December 2024 and signed on its behalf by:
 

.........................................
Gareth Bryant Stingemore
Director

 

CRFC Events Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

CRFC Events Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024
__________________________________________________________________________

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

3

Debtors

Current

Note

2024
£

Trade debtors

 

1,530

Amounts owed by related parties

4,037

   

5,567

 

CRFC Events Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024
__________________________________________________________________________

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

6

10,118

Trade creditors

 

2,928

Accruals and deferred income

 

7,500

Other creditors

 

23,432

 

43,978

5

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1

   

6

Loans and borrowings