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REGISTERED NUMBER: 07798687 (England and Wales)


















Paviors Sports Club Limited

Unaudited Financial Statements

for the Year Ended 31st May 2024






Paviors Sports Club Limited (Registered number: 07798687)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paviors Sports Club Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr P D Billam
Mr C G Eggleshaw
Mr P Molyneux
Mt G P Turner





SECRETARY: Mr C G Eggleshaw





REGISTERED OFFICE: 12 Bridgford Road
West Brisdford
Nottingham
Nottinghamshire
NG2 6AB





REGISTERED NUMBER: 07798687 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Paviors Sports Club Limited (Registered number: 07798687)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 299,681 302,522

CURRENT ASSETS
Stocks 1,100 1,522
Debtors 6 89,816 2,975
Cash at bank 5,109 22,032
96,025 26,529
CREDITORS
Amounts falling due within one year 7 (107,441 ) (37,139 )
NET CURRENT LIABILITIES (11,416 ) (10,610 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,265

291,912

CREDITORS
Amounts falling due after more than one
year

8

(10,300

)

(13,540

)
NET ASSETS 277,965 278,372

RESERVES
Revaluation reserve 9 276,783 276,783
Income and expenditure account 1,182 1,589
277,965 278,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Paviors Sports Club Limited (Registered number: 07798687)

Balance Sheet - continued
31st May 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th February 2025 and were signed on its behalf by:




Mr P Molyneux - Director



Mt G P Turner - Director


Paviors Sports Club Limited (Registered number: 07798687)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Paviors Sports Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil as measured at valuation
Plant and machinery - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Paviors Sports Club Limited (Registered number: 07798687)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 299,681 48,837 348,518
DEPRECIATION
At 1st June 2023 - 45,996 45,996
Charge for year - 2,841 2,841
At 31st May 2024 - 48,837 48,837
NET BOOK VALUE
At 31st May 2024 299,681 - 299,681
At 31st May 2023 299,681 2,841 302,522

The land & buildings at The Ron Rossin Ground at Burntstump Hill have been re-valued by the Directors based on the following criteria. The land element of 8 acres has been valued at £8,000 per acre based on its value as agricultural land. The clubhouse is insured on a replacement basis for £804,000 and is based on a recent survey undertaken by the insurance company and therefore the Directors are of the opinion that a realistic but prudent valuation of the clubhouse would be £250,000. It is the intention of the Directors to continue to at least maintain the value of the property at its current level by repair and improvement and writing off such expenditure to the profit and loss account each year.

TANGIBLE ASSETS HELD AT VALUATION
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


Aggregate cost £22,898

Carrying amount £22,898

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 89,816 2,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 107,441 37,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 10,300 13,540

Paviors Sports Club Limited (Registered number: 07798687)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

9. RESERVES
Revaluation
reserve
£   
At 1st June 2023
and 31st May 2024 276,783

10. RELATED PARTY DISCLOSURES

During the year the company received a donation totalling £30,000 (2023: £35,000) from Paviors Rugby Football Club Limited, a company which shares members and certain directors. The company also made and received informal loans from Paviors Rugby Football Club Limited. At 31 May 2024, the company owed £81,716 (202: £11,512) to Paviors Rugby Football Club Limited.

11. LIMITED BY GUARANTEE

Each member of Paviors Rugby Club becomes a member of the company. Members each guarantee £1 for the duration of their membership.