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REGISTERED NUMBER: 03441850 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hastings United Football Club Limited

Hastings United Football Club Limited (Registered number: 03441850)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Hastings United Football Club Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D G Ormerod
H L Clout
C J Barrow
M S Davudovic
M A Gall
B M White
D White





SECRETARY: C L Ridgers





REGISTERED OFFICE: 36 Cambridge Road
Hastings
East Sussex
TN34 1DU





REGISTERED NUMBER: 03441850 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hastings United Football Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hastings United Football Club Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hastings United Football Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hastings United Football Club Limited and state those matters that we have agreed to state to the Board of Directors of Hastings United Football Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hastings United 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 Hastings United 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 loss of Hastings United Football Club Limited. You consider that Hastings United 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 Hastings United 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.






Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU


26 February 2025

Hastings United Football Club Limited (Registered number: 03441850)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,332 98,050

CURRENT ASSETS
Stock 4,839 3,551
Debtors 5 23,126 230,395
Cash at bank and in hand 39,039 9,224
67,004 243,170
CREDITORS
Amounts falling due within one year 6 229,414 218,677
NET CURRENT (LIABILITIES)/ASSETS (162,410 ) 24,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,078

)

122,543

CREDITORS
Amounts falling due after more than one
year

7

(13,524

)

(20,455

)

ACCRUALS & DEFERRED INCOME - (3,010 )
NET (LIABILITIES)/ASSETS (80,602 ) 99,078

CAPITAL & RESERVES
Called up share capital 110,775 110,775
Retained earnings (191,377 ) (11,697 )
SHAREHOLDERS' FUNDS (80,602 ) 99,078

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.

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 26 February 2025 and were signed on its behalf by:



B M White - Director


Hastings United Football Club Limited (Registered number: 03441850)

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

1. STATUTORY INFORMATION

Hastings United 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.

Turnover
Turnover represents the total value, excluding value added tax, of goods and services made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Ground improvements - 2% on cost
Fixtures fittings and equipment - 10% on cost
Computer equipment - 33% on cost

Stock
Stock is valued at the lower of cost and realisable value.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Donations and grants
Donations and grants for capital expenditure are credited to deferred revenue and are released to the profit and loss account over the expected useful life of the assets. Other donations received are credited to the profit and loss account as they are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

Hastings United Football Club Limited (Registered number: 03441850)

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

4. TANGIBLE FIXED ASSETS
Fixtures
fittings
Long Ground and Computer
leasehold improvements equipment equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 46,500 143,196 110,612 744 301,052
Additions - - 671 1,740 2,411
At 31 May 2024 46,500 143,196 111,283 2,484 303,463
DEPRECIATION
At 1 June 2023 24,771 72,409 105,078 744 203,002
Charge for year 1,087 2,609 853 580 5,129
At 31 May 2024 25,858 75,018 105,931 1,324 208,131
NET BOOK VALUE
At 31 May 2024 20,642 68,178 5,352 1,160 95,332
At 31 May 2023 21,729 70,787 5,534 - 98,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 23,126 230,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 10,000 10,000
Bohemia Hastings LLP - 179,385
Aspire Sport Hastings Ltd 144,597 -
Social security & other taxes 7,776 251
VAT 26,548 10,057
Other creditors 34,293 14,584
Accruals 6,200 4,400
229,414 218,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,524 10,455
13,524 20,455

8. TRANSACTIONS WITH DIRECTORS

At 31 May 2023 the company's majority shareholders were Bohemia Hastings LLP. During the year ending 31 May 2024 Bohemia LLP sold all of their majority shareholding to Aspire Sport Hastings Ltd who are now the majority shareholders. As part of the arrangement, Aspire Sport Hastings Ltd made a loan to the company to pay off the loan from Bohemia Hastings LLP, which was shown in the balance sheet at 31May 2023 The following directors of Aspire Sport Hastings Ltd are also directors of Hastings United Football CLub Ltd, B M White, D White, M S Davudovic, M Gall.

Hastings United Football Club Limited (Registered number: 03441850)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is Aspire Sport Hastings Ltd.

10. PROPOSED NEW GROUND DEVELOPMENT

The company has been paying professional costs relating to a proposed new ground development. Originally, this proposed relocation was supported by the local council. The professional costs have been carried forward as prepayments under current assets in the company accounts up to 31 May 2023. The council has now withdrawn support for the relocation project and the costs to date of £207,269 in respect of this project have been written off as an expense in the accounts. Before writing off these costs, the company made a profit for the year of £27,589.