Silverfin false false 31/05/2024 01/06/2023 31/05/2024 B Ansell 20/05/2017 M J S Ashley 01/09/2024 06/06/2020 P Bailey 13/07/2018 N B Barnes 17/07/2003 A Boyle 19/06/2023 21/05/2019 D Burkett 06/06/2020 G A Bussy 19/06/2023 06/06/2020 J P Christian 06/06/2020 R Crawford D S Hobbs 19/06/2023 29/06/2015 J Hull 19/06/2023 N Humphrey 19/06/2023 06/06/2020 L Irons 19/06/2023 D Lewis 19/06/2023 A Mcilvaney D Rahilly 17/07/2003 S M Rex 19/06/2023 13/09/2019 C J Wood 17/06/2014 Neil Boyd Barnes 10 February 2025 The principal activity of the Company during the financial year was operating a football club. 01804669 2024-05-31 01804669 bus:Director1 2024-05-31 01804669 bus:Director2 2024-05-31 01804669 bus:Director3 2024-05-31 01804669 bus:Director4 2024-05-31 01804669 bus:Director5 2024-05-31 01804669 bus:Director6 2024-05-31 01804669 bus:Director7 2024-05-31 01804669 bus:Director8 2024-05-31 01804669 bus:Director10 2024-05-31 01804669 bus:Director11 2024-05-31 01804669 bus:Director12 2024-05-31 01804669 bus:Director13 2024-05-31 01804669 bus:Director14 2024-05-31 01804669 bus:Director16 2024-05-31 01804669 bus:Director17 2024-05-31 01804669 bus:Director18 2024-05-31 01804669 2023-05-31 01804669 core:CurrentFinancialInstruments 2024-05-31 01804669 core:CurrentFinancialInstruments 2023-05-31 01804669 core:ShareCapital 2024-05-31 01804669 core:ShareCapital 2023-05-31 01804669 core:RevaluationReserve 2024-05-31 01804669 core:RevaluationReserve 2023-05-31 01804669 core:RetainedEarningsAccumulatedLosses 2024-05-31 01804669 core:RetainedEarningsAccumulatedLosses 2023-05-31 01804669 core:LandBuildings 2023-05-31 01804669 core:OtherPropertyPlantEquipment 2023-05-31 01804669 core:LandBuildings 2024-05-31 01804669 core:OtherPropertyPlantEquipment 2024-05-31 01804669 2023-06-01 2024-05-31 01804669 bus:FilletedAccounts 2023-06-01 2024-05-31 01804669 bus:SmallEntities 2023-06-01 2024-05-31 01804669 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 01804669 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01804669 bus:Director1 2023-06-01 2024-05-31 01804669 bus:Director2 2023-06-01 2024-05-31 01804669 bus:Director3 2023-06-01 2024-05-31 01804669 bus:Director4 2023-06-01 2024-05-31 01804669 bus:Director5 2023-06-01 2024-05-31 01804669 bus:Director6 2023-06-01 2024-05-31 01804669 bus:Director7 2023-06-01 2024-05-31 01804669 bus:Director8 2023-06-01 2024-05-31 01804669 bus:Director9 2023-06-01 2024-05-31 01804669 bus:Director10 2023-06-01 2024-05-31 01804669 bus:Director11 2023-06-01 2024-05-31 01804669 bus:Director12 2023-06-01 2024-05-31 01804669 bus:Director13 2023-06-01 2024-05-31 01804669 bus:Director14 2023-06-01 2024-05-31 01804669 bus:Director15 2023-06-01 2024-05-31 01804669 bus:Director16 2023-06-01 2024-05-31 01804669 bus:Director17 2023-06-01 2024-05-31 01804669 bus:Director18 2023-06-01 2024-05-31 01804669 bus:Director19 2023-06-01 2024-05-31 01804669 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 01804669 2022-06-01 2023-05-31 01804669 core:LandBuildings 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 01804669 (England and Wales)

ORPINGTON ROVERS FOOTBALL CLUB LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

ORPINGTON ROVERS FOOTBALL CLUB LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

ORPINGTON ROVERS FOOTBALL CLUB LIMITED

BALANCE SHEET

As at 31 May 2024
ORPINGTON ROVERS FOOTBALL CLUB LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 510,295 510,181
510,295 510,181
Current assets
Cash at bank and in hand 92,511 95,293
92,511 95,293
Creditors: amounts falling due within one year 4 ( 2,332) ( 2,160)
Net current assets 90,179 93,133
Total assets less current liabilities 600,474 603,314
Provision for liabilities ( 48,319) ( 48,319)
Net assets 552,155 554,995
Capital and reserves
Called-up share capital 0 0
Revaluation reserve 344,860 344,860
Profit and loss account 207,295 210,135
Total shareholders' funds 552,155 554,995

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Orpington Rovers Football Club Limited (registered number: 01804669) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

Neil Boyd Barnes
Director
ORPINGTON ROVERS FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
ORPINGTON ROVERS FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Orpington Rovers Football Club Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Orpington Rovers Fc, Cockmannings Lane, Orpington, BR5 4HF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 14

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 June 2023 500,000 50,125 550,125
Additions 0 2,775 2,775
At 31 May 2024 500,000 52,900 552,900
Accumulated depreciation
At 01 June 2023 0 39,944 39,944
Charge for the financial year 0 2,661 2,661
At 31 May 2024 0 42,605 42,605
Net book value
At 31 May 2024 500,000 10,295 510,295
At 31 May 2023 500,000 10,181 510,181

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 2,332 2,160