Company registration number 06923844 (England and Wales)
Camp Hill Rugby Club Limited
Unaudited financial statements
For the year ended 30 April 2024
Camp Hill Rugby Club Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Camp Hill Rugby Club Limited
Statement of financial position
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
74,607
88,110
Current assets
Stocks
5,400
4,215
Debtors
4
4,191
4,897
Cash at bank and in hand
25,298
31,251
34,889
40,363
Creditors: amounts falling due within one year
5
(27,278)
(18,708)
Net current assets
7,611
21,655
Total assets less current liabilities
82,218
109,765
Creditors: amounts falling due after more than one year
6
-
0
(2,794)
Net assets
82,218
106,971
Reserves
Income and expenditure account
82,218
106,971
Members' funds
82,218
106,971
Camp Hill Rugby Club Limited
Statement of financial position (continued)
As at 30 April 2024
- 2 -

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
Mr I McConnell
Director
Company registration number 06923844 (England and Wales)
Camp Hill Rugby Club Limited
Notes to the financial statements
For the year ended 30 April 2024
- 3 -
1
Accounting policies
Company information

Camp Hill Rugby Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Haslucks Green Road, Shirley, Solihull, West Midlands, B90 2EF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
10% straight line
Plant and machinery
10% straight line
Fixtures, fittings and equipment
20% and 33% straight line
Other assets
20% and 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Camp Hill Rugby Club Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held with banks.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Camp Hill Rugby Club Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures, fittings and equipment
Other assets
Total
£
£
£
£
£
Cost
At 1 May 2023
30,169
103,069
62,754
16,990
212,982
Additions
-
0
-
0
7,571
-
0
7,571
At 30 April 2024
30,169
103,069
70,325
16,990
220,553
Depreciation and impairment
At 1 May 2023
28,088
45,162
38,744
12,878
124,872
Depreciation charged in the year
1,727
7,111
10,824
1,412
21,074
At 30 April 2024
29,815
52,273
49,568
14,290
145,946
Carrying amount
At 30 April 2024
354
50,796
20,757
2,700
74,607
At 30 April 2023
2,081
57,907
24,010
4,112
88,110
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,200
-
0
Other debtors
2,991
4,897
4,191
4,897
Camp Hill Rugby Club Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
19,114
16,001
Taxation and social security
4,138
-
0
Other creditors
4,026
2,707
27,278
18,708
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
2,794
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £5.

8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
2,769
-
0
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