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Registration number: 07597631

Sidmouth Rugby Football Club Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Company Information

Directors

J P Lascelles

E Bagwell

J A B Hurson

J Dunn

M R Barrett

A Patch

G Housden

S E Huntwood

N J Mills

R G Hull

J N Wall

Registered office

The Blackmore Field
Heydons Lane
Sidmouth
Devon
EX10 8NJ

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

293,317

314,037

Investments

5

2

2

 

293,319

314,039

Current assets

 

Debtors

6

51,925

55,677

Cash at bank and in hand

 

3,250

6,616

 

55,175

62,293

Creditors: Amounts falling due within one year

7

(30,793)

(34,045)

Net current assets

 

24,382

28,248

Total assets less current liabilities

 

317,701

342,287

Creditors: Amounts falling due after more than one year

7

(184,456)

(192,681)

Net assets

 

133,245

149,606

Capital and reserves

 

Profit and loss account

133,245

149,606

Total equity

 

133,245

149,606

For the financial year ending 30 April 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 year 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 7 January 2025 and signed on its behalf by:
 

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Balance Sheet as at 30 April 2024

.........................................
M R Barrett
Director

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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.

The address of its registered office is:
The Blackmore Field
Heydons Lane
Sidmouth
Devon
EX10 8NJ

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Other grants

Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.
 

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Notes to the Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

Over the period of the lease

Fixtures and fittings

20% straight line

Plant and Equipment

10% / 20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Notes to the Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 17).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other property, plant and equipment
£

Total
£

Cost or valuation

At 1 May 2023

420,068

90,754

139,701

650,523

Additions

-

5,572

-

5,572

At 30 April 2024

420,068

96,326

139,701

656,095

Depreciation

At 1 May 2023

187,426

81,505

67,555

336,486

Charge for the year

11,136

4,731

10,425

26,292

At 30 April 2024

198,562

86,236

77,980

362,778

Carrying amount

At 30 April 2024

221,506

10,090

61,721

293,317

At 30 April 2023

232,642

9,249

72,146

314,037

Included within the net book value of land and buildings above is £221,506 (2023 - £232,642) in respect of long leasehold land and buildings.
 

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

2

2


 

Subsidiaries

£

Cost or valuation

At 1 May 2023

2

At 30 April 2024

2

Carrying amount

At 30 April 2024

2

At 30 April 2023

2

6

Debtors

2024
£

2023
£

Other debtors

51,925

55,677

Total current trade and other debtors

51,925

55,677

 

Sidmouth Rugby Football Club Limited
(Registration number: 07597631)

Notes to the Financial Statements for the Year Ended 30 April 2024

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

11,464

9,248

Taxation and social security

2,094

2,348

Other creditors

2,310

8,524

Accrued expenses

2,700

2,700

Deferred income

12,225

11,225

30,793

34,045


 

2024
£

2023
£

Due after one year

Deferred income

184,456

192,681