REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
ISLE OF WIGHT RUGBY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
ISLE OF WIGHT RUGBY LIMITED |
ISLE OF WIGHT RUGBY LIMITED (REGISTERED NUMBER: 08966447) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Balance Sheet | 1 |
ISLE OF WIGHT RUGBY LIMITED (REGISTERED NUMBER: 08966447) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Isle of Wight Rugby Limited is a |
Registered number: |
Registered office: |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2023 - NIL). |
ISLE OF WIGHT RUGBY LIMITED (REGISTERED NUMBER: 08966447) |
BALANCE SHEET - continued |
30 APRIL 2024 |
NOTES TO THE FINANCIAL STATEMENTS |
3. | BUILDING EXTENSION AND FUNDING |
Included in fixed assets is a building extension added in 2017/2018. |
The funding of this project derives from a grant from the lottery fund and a financial loan from RFF. These amounts are presented as long-term creditors in the financial statements. |
The lottery fund grant has been fully received and the income is being recognised over the estimated expected life of the asset (25 years), in line with the depreciation of the asset. |
The RFF loan is an interest free loan payable on demand over 15 years with an annual repayment of £2,000. |
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 were approved by the Board of Directors and authorised for issue on |