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REGISTERED NUMBER: 00292254 (England and Wales)












Stalybridge Celtic Football Club Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Stalybridge Celtic Football Club Limited (Registered number: 00292254)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Stalybridge Celtic Football Club Limited

Company Information
for the Year Ended 31 May 2024







Directors: P G Hall
P Bowden
N Jones





Registered office: Bower Fold
Mottram Road
Stalybridge
Cheshire
SK15 2RT





Registered number: 00292254 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Stalybridge Celtic Football Club Limited (Registered number: 00292254)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 492,537 496,621

Current assets
Stocks 2,563 -
Debtors 5 5,903 16,327
Cash at bank and in hand 167,655 1,233
176,121 17,560
Creditors
Amounts falling due within one year 6 598,606 675,113
Net current liabilities (422,485 ) (657,553 )
Total assets less current liabilities 70,052 (160,932 )

Creditors
Amounts falling due after more than one
year

7

291,100

308,510
Net liabilities (221,048 ) (469,442 )

Capital and reserves
Called up share capital 9 104,918 17,631
Share premium 500,311 135,158
Retained earnings (826,277 ) (622,231 )
Shareholders' funds (221,048 ) (469,442 )

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

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

Stalybridge Celtic Football Club Limited (Registered number: 00292254)

Balance Sheet - continued
31 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





P Bowden - Director


Stalybridge Celtic Football Club Limited (Registered number: 00292254)

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

1. Statutory information

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

2. Accounting policies

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

The company meets its day to day working capital requirements through loans from its directors, and its holding company The company directors consider it reasonable to rely on the continuation of these loan facilities. The financial statements have, therefore been prepared on a going concern basis and do not contain any adjustments that might be necessary if the loan facilities was not maintain at an appropriate level

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.
Leasehold property - 2% on cost
Portable buildings - 10% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 20% 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 Income Statement, 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.


Stalybridge Celtic Football Club Limited (Registered number: 00292254)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grants in respect of capital expenditure on assets which are depreciated are treated as deferred income, a portion of which is transferred to revenue annually over the estimated useful life of the asset.

Other grants of a revenue nature are credited to revenue as received.

Deferred repairs
All repair expenditure is charged against profits in the accounting period in which the expenditure is incurred. No provision is made for the cost of deferred repairs.

3. Employees and directors

The average number of employees during the year was 35 (2023 - 18 ) .

Stalybridge Celtic Football Club Limited (Registered number: 00292254)

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

4. Tangible fixed assets
Leasehold Portable Plant and
property buildings machinery
£    £    £   
Cost
At 1 June 2023 976,880 18,671 49,808
Additions - - -
Disposals - (18,671 ) -
At 31 May 2024 976,880 - 49,808
Depreciation
At 1 June 2023 480,626 18,671 49,578
Charge for year 19,297 - 58
Eliminated on disposal - (18,671 ) -
At 31 May 2024 499,923 - 49,636
Net book value
At 31 May 2024 476,957 - 172
At 31 May 2023 496,254 - 230

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023 23,045 720 1,069,124
Additions 20,423 - 20,423
Disposals - - (18,671 )
At 31 May 2024 43,468 720 1,070,876
Depreciation
At 1 June 2023 22,908 720 572,503
Charge for year 5,152 - 24,507
Eliminated on disposal - - (18,671 )
At 31 May 2024 28,060 720 578,339
Net book value
At 31 May 2024 15,408 - 492,537
At 31 May 2023 137 - 496,621

Stalybridge Celtic Football Club Limited (Registered number: 00292254)

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

5. Debtors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Trade debtors 1,922 15,291
VAT 2,686 -
Prepayments 1,295 1,036
5,903 16,327

6. Creditors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 14,859
Social security and other taxes 377 28,402
VAT - 27,907
Other creditors 76,738 17,929
Stalybridge Celtic Holdings
Limited 485,539 485,539
Deferred grants 17,411 17,411
Directors' current accounts 13,000 57,592
Accrued expenses 5,541 25,474
598,606 675,113

7. Creditors: amounts falling due after more than one year
31.5.24 31.5.23
£    £   
Deferred grants 291,100 308,510

Deferred grants are representative of the amounts received from The Football Trust, The Football Stadia Improvement Fund and Tameside Metropolitan Borough Council in respect of the cost of the new stadium. This income is credited to the profit and loss account over the expected useful life of the stadium in line with the depreciation charged.

8. Secured debts

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdraft - 14,859

Barclays Bank has a charge on all monies due or to become due from the company to the chargee on any account whatsoever and this is secured by a charge against the leasehold property known as Bower Fold, Mottram Road, Stalybridge, Cheshire dated 24 February 1992 and by a floating charge dated 3 December 1991

Stalybridge Celtic Football Club Limited (Registered number: 00292254)

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

9. Called up share capital

Allotted and issued:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,049,178 Ordinary Shares £0.10 104,918 17,631
(31.5.23 -
176,100 )

A total of 873078 Ordinary shares of £0.10 were issued during the year as follows:

19418 for cash of £ 1,942
853,660 for cash of £ 452,440

10. Other financial commitments

The amount due to Stalybridge Celtic Holdings Limited of £485,539 is a loan and is repayable on demand.

11. Ultimate controlling party

The controlling party is Stalybridge Celtic Holdings Limited.

P. Bowden and N Jones are the controlling parties of Stalybridge Celtic Holdings Limited