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REGISTERED NUMBER: 08089968 (England and Wales)










Rhyl & District RFC Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Rhyl & District RFC Limited (Registered number: 08089968)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rhyl & District RFC Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: Mr S N Farrell
Mr I Prys Jones
Mr A D Evans
Ms L B Hitchen
Mr G R John
Mr J D Jones
Mr B L Hill
Mr L Blackmore
Mr C Donaldson
Ms K T Jones
Mr G Jones





REGISTERED OFFICE: Tynewydd Road
Rhyl
Denbighshire
LL18 4AQ





REGISTERED NUMBER: 08089968 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Rhyl & District RFC Limited (Registered number: 08089968)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 608,030 599,523
Investments 5 8 8
608,038 599,531

CURRENT ASSETS
Debtors 6 24,148 11,994
Cash at bank 81,880 109,689
106,028 121,683
CREDITORS
Amounts falling due within one year 7 25,116 12,448
NET CURRENT ASSETS 80,912 109,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,950

708,766

CREDITORS
Amounts falling due after more than one
year

8

-

24,894
NET ASSETS 688,950 683,872

RESERVES
Income and expenditure account 688,950 683,872
688,950 683,872

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.

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 9 January 2025 and were signed on its behalf by:





Mr A D Evans - Director


Rhyl & District RFC Limited (Registered number: 08089968)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Rhyl & District RFC Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
The company is registered as a Community Amateur Sports Club (CASC) with HMRC and is therefore exempt from corporation tax under the Finance Act 2010.

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.

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.

Grants
Grants received relating to revenue expenditure are recognised in the profit and loss account in the same period as related expenses are incurred.

Grants relating to capital expenditure are included as deferred grants and released to the profit and loss account in line with depreciation of the asset.

3. EMPLOYEES AND DIRECTORS

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

Rhyl & District RFC Limited (Registered number: 08089968)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 841,783 72,689 914,472
Additions - 80,362 80,362
At 31 July 2024 841,783 153,051 994,834
DEPRECIATION
At 1 August 2023 283,227 31,722 314,949
Charge for year 58,127 13,728 71,855
At 31 July 2024 341,354 45,450 386,804
NET BOOK VALUE
At 31 July 2024 500,429 107,601 608,030
At 31 July 2023 558,556 40,967 599,523

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 1 7 8
NET BOOK VALUE
At 31 July 2024 1 7 8
At 31 July 2023 1 7 8

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,794 2,540
Amounts owed by group undertakings 7,328 1,248
Other debtors 14,026 8,206
24,148 11,994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,648
Trade creditors 336 300
Other creditors 24,780 1,500
25,116 12,448

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 24,894

Rhyl & District RFC Limited (Registered number: 08089968)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

9. RELATED PARTY DISCLOSURES

A donation of £102,000 (2023 - £95,000) was received from Rhyl Rugby Services Ltd, a wholly owned subsidiary.

10. ULTIMATE CONTROLLING PARTY

Ultimate control lies with the committee members, no individual has control.