Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falsetrue2023-10-01falseNo description of principal activity3440The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03386983 2022-10-01 2023-09-30 03386983 2024-09-30 03386983 2023-09-30 03386983 c:Director1 2023-10-01 2024-09-30 03386983 d:MotorVehicles 2023-10-01 2024-09-30 03386983 d:MotorVehicles 2024-09-30 03386983 d:MotorVehicles 2023-09-30 03386983 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03386983 d:FurnitureFittings 2023-10-01 2024-09-30 03386983 d:FurnitureFittings 2024-09-30 03386983 d:FurnitureFittings 2023-09-30 03386983 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03386983 d:ComputerEquipment 2023-10-01 2024-09-30 03386983 d:ComputerEquipment 2024-09-30 03386983 d:ComputerEquipment 2023-09-30 03386983 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03386983 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03386983 d:CurrentFinancialInstruments 2024-09-30 03386983 d:CurrentFinancialInstruments 2023-09-30 03386983 d:Non-currentFinancialInstruments 2024-09-30 03386983 d:Non-currentFinancialInstruments 2023-09-30 03386983 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03386983 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03386983 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 03386983 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 03386983 d:ShareCapital 2024-09-30 03386983 d:ShareCapital 2023-09-30 03386983 d:RetainedEarningsAccumulatedLosses 2024-09-30 03386983 d:RetainedEarningsAccumulatedLosses 2023-09-30 03386983 c:FRS102 2023-10-01 2024-09-30 03386983 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03386983 c:FullAccounts 2023-10-01 2024-09-30 03386983 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03386983 2023-10-01 2024-09-30 03386983 2 2023-10-01 2024-09-30 03386983 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 03386983










TRAILFINDERS SPORTS CLUB LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TRAILFINDERS SPORTS CLUB LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 
TRAILFINDERS SPORTS CLUB LIMITED
REGISTERED NUMBER: 03386983

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
204,542
189,125

  
204,542
189,125

Current assets
  

Stocks
 4 
23,212
23,431

Debtors: amounts falling due within one year
 6 
246,841
222,508

Cash at bank and in hand
 7 
74,703
501,303

  
344,756
747,242

Creditors: amounts falling due within one year
 8 
(375,141)
(232,539)

Net current (liabilities)/assets
  
 
 
(30,385)
 
 
514,703

Total assets less current liabilities
  
174,157
703,828

Creditors: amounts falling due after more than one year
 9 
-
(802,303)

  

Net assets/(liabilities)
  
174,157
(98,475)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
174,155
(98,477)

  
174,157
(98,475)


Page 1

 
TRAILFINDERS SPORTS CLUB LIMITED
REGISTERED NUMBER: 03386983
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Sir M D W Gooley, C.B.E
Director

Date: 10 January 2025

Page 2

 
TRAILFINDERS SPORTS CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Trailfinders Sports Club Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information of these financial statements. The nature of the company's operations and principal activities is the provision of ground and room hire.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of sponsorship and hire of grounds and rooms during the year, exclusive of VAT and trade discounts.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
TRAILFINDERS SPORTS CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
10%
Straight-line method
Fixtures and fittings
-
10%
Straight-line method
Computer equipment
-
20%
Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
TRAILFINDERS SPORTS CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

  
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2023 - 40).


4.


Stocks

2024
2023
£
£

Bar supplies
23,212
23,431

23,212
23,431



5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
45,705
603,443
79,810
728,958


Additions
-
46,596
2,582
49,178



At 30 September 2024

45,705
650,039
82,392
778,136



Depreciation


At 1 October 2023
30,786
442,569
66,478
539,833


Charge for the year on owned assets
2,651
30,379
731
33,761



At 30 September 2024

33,437
472,948
67,209
573,594



Net book value



At 30 September 2024
12,268
177,091
15,183
204,542



At 30 September 2023
14,919
160,874
13,332
189,125

Page 5

 
TRAILFINDERS SPORTS CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
203,381
192,534

Other debtors
13,673
-

Prepayments and accrued income
29,787
29,974

246,841
222,508



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
74,703
501,303

74,703
501,303



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
3,363

Corporation tax
8,894
-

Other taxation and social security
60,444
83,962

Other creditors
103,949
3,169

Accruals and deferred income
201,854
142,045

375,141
232,539



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
802,303

-
802,303


Page 6

 
TRAILFINDERS SPORTS CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £18,399 (2023: £14,894). Contributions totalling £3,949 (2023: £3,169) were payable to the fund at the balance sheet date.


11.


Related party transactions

During the year, expenses totalling £130,000 (2023: £130,000) were incurred by the company in relation to rent by The Mike Gooley Trailfinders Charity, an unincorporated charity, in which M D W Gooley C.B.E and F K Gooley are trustees. As at the year end, the company owed £nil (2023: £nil) to The Mike Gooley Trailfinders Charity. 
During the year, income totalling £178,166 (2023: £107,014) was received by the company in relation to promotional support and function income to Trailfinders Limited,  who have a significant influence over the company due to common directorship. As at the year end, the company was owed £52,409 (2023: nil) by Trailfinders Limited. At the year end, there is a loan owed to Trailfinders Limited from the Company amounting to £100,000 (2023: £802,303). 
During the year, income totalling £41,635 (2023: £36,133) were received in relation to room hire, ground hire and other costs by Ealing Trailfinders Cricket Club Limited,  who have a significant influence over the company due to common directorship. As at the year the company was owed £nil (2023: £nil) by Ealing Trailfinders Cricket Club Limited.  
During the year, income totalling £927,646 (2023: £534,679) were received in relation to various costs including use of facilities, the provision of meals and academy funding by Ealing Trailfinders Professional Rugby Management Limited,  who have a significant influence over the company due to common directorship. As at the year the company was owed £35,033 (2023: £112,157) by Ealing Trailfinders Professional Rugby Management Limited
During the year, a service fee of £38,823 (2023:£nil) was charged to Trailfinders Sports Club Limited from W8 Catering Limited, a company under common control, for staff hire.


12.


Controlling party

There is no ultimate controlling party.
 
Page 7