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REGISTERED NUMBER: 08966447 (England and Wales)















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 129,501 138,066

CURRENT ASSETS 16,336 17,981

CREDITORS
Amounts falling due within one year (3,120 ) (3,008 )
NET CURRENT ASSETS 13,216 14,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,717

153,039

CREDITORS
Amounts falling due after more than one
year

99,558

107,777
NET ASSETS 43,159 45,262

RESERVES 43,159 45,262

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Isle of Wight Rugby Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08966447

Registered office: East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

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 company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





P Simpson - Director