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Company registration number: 10806896
Harpenden Rugby Football Club Limited
Company limited by guarantee
Unaudited filleted financial statements
31 May 2024
Harpenden Rugby Football Club Limited
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Harpenden Rugby Football Club Limited
Company limited by guarantee
Directors and other information
Directors
Mr H Ward
Mr I Cumming
Mr S McLoughlin (Resigned 4 November 2024)
Mr D Horsley (Appointed 18 November 2024)
Secretary I Cumming
Company number 10806896
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Harpenden Rugby Football Club Limited
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Harpenden Rugby Football Club Limited
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harpenden Rugby Football Club Limited for the year ended 31 May 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Harpenden Rugby Football Club Limited, as a body, in accordance with the terms of our engagement letter dated 16 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Harpenden Rugby Football Club Limited and state those matters that we have agreed to state to the board of directors of Harpenden Rugby Football Club Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harpenden Rugby Football Club Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Harpenden Rugby Football Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harpenden Rugby Football Club Limited. You consider that Harpenden Rugby Football Club Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Harpenden Rugby Football Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
6 February 2025
Harpenden Rugby Football Club Limited
Company limited by guarantee
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 148,124 15,998
Investments 7 1,818 1,818
_______ _______
149,942 17,816
Current assets
Debtors 8 54,246 65,506
Cash at bank and in hand 60,804 171,886
_______ _______
115,050 237,392
Creditors: amounts falling due
within one year 9 ( 52,433) ( 55,895)
_______ _______
Net current assets 62,617 181,497
_______ _______
Total assets less current liabilities 212,559 199,313
Creditors: amounts falling due
after more than one year 10 ( 160,478) ( 161,478)
_______ _______
Net assets 52,081 37,835
_______ _______
Capital and reserves
Profit and loss account 52,081 37,835
_______ _______
Members funds 52,081 37,835
_______ _______
For the 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:
- 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 February 2025 , and are signed on behalf of the board by:
Mr H Ward
Director
Company registration number: 10806896
Harpenden Rugby Football Club Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
No liability to UK corporation tax arose for the year ended 31 May 2024 nor for the year ended 31 May 2023.The company is a registered Community Amateur Sports Club.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Buildings - Fully depreciated
Improvements to property - 10- 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Plant and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. In the event of a winding up, every member has undertaken to contribute a sum not exceeding £1.
5. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
The company had no employees in the year other than the directors.
6. Tangible assets
Freehold property Long leasehold property Fixtures, fittings and equipment General equipment Total
£ £ £ £ £
Cost
At 1 June 2023 33,785 72,829 8,833 58,256 173,703
Additions - 146,042 - - 146,042
_______ _______ _______ _______ _______
At 31 May 2024 33,785 218,871 8,833 58,256 319,745
_______ _______ _______ _______ _______
Depreciation
At 1 June 2023 33,784 61,777 8,591 53,553 157,705
Charge for the year - 12,499 241 1,176 13,916
_______ _______ _______ _______ _______
At 31 May 2024 33,784 74,276 8,832 54,729 171,621
_______ _______ _______ _______ _______
Carrying amount
At 31 May 2024 1 144,595 1 3,527 148,124
_______ _______ _______ _______ _______
At 31 May 2023 1 11,052 242 4,703 15,998
_______ _______ _______ _______ _______
7. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 June 2023 and 31 May 2024 1,818 1,818
_______ _______
Impairment
At 1 June 2023 and 31 May 2024 - -
_______ _______
Carrying amount
At 31 May 2024 1,818 1,818
_______ _______
At 31 May 2023 1,818 1,818
_______ _______
8. Debtors
2024 2023
£ £
Trade debtors 1,358 423
Amounts owed by group undertakings and undertakings in which the company has a participating interest 44,324 57,391
Other debtors 8,564 7,692
_______ _______
54,246 65,506
_______ _______
9. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 10,098 17,512
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,939 10,235
Social security and other taxes 15,617 -
Other creditors 13,779 24,148
_______ _______
52,433 55,895
_______ _______
10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank and other loans and overdrafts 160,478 161,478
_______ _______