30 April 2023 v2025.5.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP075201742023-04-302024-04-29075201742024-04-29075201742023-04-2907520174core:WithinOneYear2024-04-2907520174core:WithinOneYear2023-04-2907520174core:AfterOneYear2024-04-2907520174core:AfterOneYear2023-04-2907520174core:RetainedEarningsAccumulatedLosses2024-04-2907520174core:RetainedEarningsAccumulatedLosses2023-04-2907520174bus:Director12023-04-302024-04-2907520174bus:RegisteredOffice2023-04-302024-04-29075201742022-05-012023-04-2907520174core:LandBuildings2023-04-3007520174core:PlantMachinery2023-04-30075201742023-04-3007520174core:LandBuildings2023-04-302024-04-2907520174core:PlantMachinery2023-04-302024-04-2907520174core:LandBuildings2024-04-2907520174core:PlantMachinery2024-04-2907520174core:LandBuildings2023-04-2907520174core:PlantMachinery2023-04-290752017412023-04-302024-04-2907520174countries:EnglandWales2023-04-302024-04-2907520174bus:AuditExempt-NoAccountantsReport2023-04-302024-04-2907520174bus:CompanyLimitedByGuarantee2023-04-302024-04-2907520174bus:SmallEntities2023-04-302024-04-2907520174bus:FullAccounts2023-04-302024-04-29
Company registration number:
07520174
Chinnor Rugby Football Club Ltd
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
29 April 2024
Chinnor Rugby Football Club Ltd
Statement of Financial Position
29 April 2024
20242023
Note££
Fixed assets    
Tangible assets 5
950,560
 
778,371
 
Current assets    
Stocks
8,200
 
20,169
 
Debtors 6
34,355
 
48,222
 
Cash at bank and in hand
39,941
 
46,838
 
82,496
 
115,229
 
Creditors: amounts falling due within one year 7
(357,823
)
(305,707
)
Net current liabilities
(275,327
)
(190,478
)
Total assets less current liabilities 675,233   587,893  
Creditors: amounts falling due after more than one year 8
(359,467
)
(271,023
)
Net assets
315,766
 
316,870
 
Capital and reserves    
Profit and loss account
315,766
 
316,870
 
Members funds
315,766
 
316,870
 
For the year ending
29 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 January 2025
, and are signed on behalf of the board by:
S Vickers
Director
Company registration number:
07520174
Chinnor Rugby Football Club Ltd
Notes to the Financial Statements
Year ended
29 April 2024

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
Clubhouse Chinnor Rugby Club
,
Kingsey Road
,
Thame
,
Oxfordshire
,
OX9 3JL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
55
(2023:
49.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
30 April 2023
967,303
 
195,959
 
1,163,262
 
Additions
194,732
 
24,378
 
219,110
 
At
29 April 2024
1,162,035
 
220,337
 
1,382,372
 
Depreciation      
At
30 April 2023
216,523
 
168,368
 
384,891
 
Charge
36,522
 
10,399
 
46,921
 
At
29 April 2024
253,045
 
178,767
 
431,812
 
Carrying amount      
At
29 April 2024
908,990
 
41,570
 
950,560
 
At 29 April 2023
750,780
 
27,591
 
778,371
 

6 Debtors

20242023
££
Trade debtors
33,292
 
42,766
 
Other debtors
1,063
 
5,456
 
34,355
 
48,222
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
134,274
 
102,863
 
Taxation and social security
30,767
 
55,993
 
Other creditors
192,782
 
146,851
 
357,823
 
305,707
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
359,467
 
271,023