Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10702580 2023-05-01 2024-04-30 10702580 2022-05-01 2023-04-30 10702580 2024-04-30 10702580 2023-04-30 10702580 c:Director4 2023-05-01 2024-04-30 10702580 d:PlantMachinery 2023-05-01 2024-04-30 10702580 d:PlantMachinery 2024-04-30 10702580 d:PlantMachinery 2023-04-30 10702580 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10702580 d:FurnitureFittings 2023-05-01 2024-04-30 10702580 d:FurnitureFittings 2024-04-30 10702580 d:FurnitureFittings 2023-04-30 10702580 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10702580 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10702580 d:CurrentFinancialInstruments 2024-04-30 10702580 d:CurrentFinancialInstruments 2023-04-30 10702580 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10702580 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10702580 d:ShareCapital 2024-04-30 10702580 d:ShareCapital 2023-04-30 10702580 d:RetainedEarningsAccumulatedLosses 2024-04-30 10702580 d:RetainedEarningsAccumulatedLosses 2023-04-30 10702580 c:FRS102 2023-05-01 2024-04-30 10702580 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10702580 c:FullAccounts 2023-05-01 2024-04-30 10702580 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10702580 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
                                                                                                                    Registered number: 10702580














HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED


UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED
REGISTERED NUMBER: 10702580

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
25,876
9,269

Cash at bank and in hand
 6 
70,797
84,714

  
96,673
93,983

Creditors: amounts falling due within one year
 7 
(76,985)
(30,563)

Net current assets
  
 
 
19,688
 
 
63,420

Total assets less current liabilities
  
19,688
63,420

  

Net assets
  
19,688
63,420


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
19,687
63,419

  
19,688
63,420


Page 1

 
HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED
REGISTERED NUMBER: 10702580
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 statement of income and retained earnings 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: 

................................................
Mr P J Williams
Director
Date: 22 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Holt Rugby Football Club (Trading) Limited is a private limited company incorporated in England and Wales, registration number 10702580.  The registered office is Summerhill House, 1 Sculthorpe Road, Fakenham. Norfolk NR21 9HA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant account policies applied in the preparation of these financial statement are set out below.  These polices have been consistently applied to all years presented unless otherwise stated.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

The company is owned by a Community Amateur Sports Club and is therefore permitted to account for the tax consequences of gift aid payments earlier than the period in which the payments are made. The company has made gift aid payments within nine months of the year end that will be utilised against current period profits. As such no provision is included for the tax that is expected to be mitigated by the post year end gift aid payment.

 
2.4

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:

Plant and machinery
-
100%
Fixtures and fittings
-

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.

 
2.5

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.

 
2.6

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.

Page 4

 
HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
8,871
4,223
13,094



At 30 April 2024

8,871
4,223
13,094



Depreciation


Charge for the year on owned assets
8,871
4,223
13,094



At 30 April 2024

8,871
4,223
13,094



Net book value



At 30 April 2024
-
-
-



At 30 April 2023
-
-
-


5.


Debtors

2024
2023
£
£


Trade debtors
19,090
9,269

Prepayments and accrued income
6,786
-

25,876
9,269


Page 5

 
HOLT RUGBY FOOTBALL CLUB (TRADING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
70,797
84,714

70,797
84,714



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15,612
5,235

Amounts owed to group undertakings
53,508
17,204

Other taxation and social security
3,865
4,124

Accruals and deferred income
4,000
4,000

76,985
30,563



8.


Related party transactions

The company has taken advantage of the exemption not to disclose transactions with wholly owned group companies. 

 
Page 6