IRIS Accounts Production v24.3.2.46 03088676 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030886762023-05-31030886762024-05-31030886762023-06-012024-05-31030886762022-05-31030886762022-06-012023-05-31030886762023-05-3103088676ns15:EnglandWales2023-06-012024-05-3103088676ns14:PoundSterling2023-06-012024-05-3103088676ns10:Director12023-06-012024-05-3103088676ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103088676ns10:SmallEntities2023-06-012024-05-3103088676ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3103088676ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103088676ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103088676ns10:FullAccounts2023-06-012024-05-310308867612023-06-012024-05-3103088676ns10:Director22023-06-012024-05-3103088676ns10:Director32023-06-012024-05-3103088676ns10:Director42023-06-012024-05-3103088676ns10:Director52023-06-012024-05-3103088676ns10:RegisteredOffice2023-06-012024-05-3103088676ns5:CurrentFinancialInstruments2024-05-3103088676ns5:CurrentFinancialInstruments2023-05-3103088676ns5:Non-currentFinancialInstruments2024-05-3103088676ns5:Non-currentFinancialInstruments2023-05-3103088676ns5:ShareCapital2024-05-3103088676ns5:ShareCapital2023-05-3103088676ns5:RevaluationReserve2024-05-3103088676ns5:RevaluationReserve2023-05-3103088676ns5:RetainedEarningsAccumulatedLosses2024-05-3103088676ns5:RetainedEarningsAccumulatedLosses2023-05-3103088676ns5:NetGoodwill2023-06-012024-05-3103088676ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3103088676ns5:NetGoodwill2023-05-3103088676ns5:NetGoodwill2024-05-3103088676ns5:NetGoodwill2023-05-3103088676ns5:LandBuildings2023-05-3103088676ns5:PlantMachinery2023-05-3103088676ns5:LandBuildings2023-06-012024-05-3103088676ns5:PlantMachinery2023-06-012024-05-3103088676ns5:LandBuildings2024-05-3103088676ns5:PlantMachinery2024-05-3103088676ns5:LandBuildings2023-05-3103088676ns5:PlantMachinery2023-05-3103088676ns5:CostValuation2023-05-3103088676ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3103088676ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3103088676ns5:RevaluationReserve2023-05-31




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD.

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD. (REGISTERED NUMBER: 03088676)






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

Chartered Certified Accountants' Report 7

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD.

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: R Hand
J R Harrison
J D Levine
J J Levine
R Tims





REGISTERED OFFICE: Home Of Football
c/o Coach & Horses
Sheffield Road
Dronfield
Derbyshire
S18 2GD





REGISTERED NUMBER: 03088676 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD. (REGISTERED NUMBER: 03088676)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,882,643 1,479,998
Investments 6 100 100
1,882,743 1,480,098

CURRENT ASSETS
Stocks 12,517 2,629
Debtors 7 128,249 160,520
Cash at bank and in hand 28,131 179,615
168,897 342,764
CREDITORS
Amounts falling due within one year 8 1,841,109 1,858,795
NET CURRENT LIABILITIES (1,672,212 ) (1,516,031 )
TOTAL ASSETS LESS CURRENT LIABILITIES 210,531 (35,933 )

CREDITORS
Amounts falling due after more than one year 9 9,140 218,054
NET ASSETS/(LIABILITIES) 201,391 (253,987 )

CAPITAL AND RESERVES
Called up share capital 1,855,000 1,255,000
Revaluation reserve 10 1,000,000 1,000,000
Retained earnings (2,653,609 ) (2,508,987 )
201,391 (253,987 )

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.

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD. (REGISTERED NUMBER: 03088676)

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 24 September 2024 and were signed on its behalf by:





J D Levine - Director


SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD. (REGISTERED NUMBER: 03088676)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 21 ) .

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD. (REGISTERED NUMBER: 03088676)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 62,658
AMORTISATION
At 1 June 2023
and 31 May 2024 62,658
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1,774,447 70,603 1,845,050
Additions 425,675 814 426,489
At 31 May 2024 2,200,122 71,417 2,271,539
DEPRECIATION
At 1 June 2023 319,613 45,439 365,052
Charge for year 17,172 6,672 23,844
At 31 May 2024 336,785 52,111 388,896
NET BOOK VALUE
At 31 May 2024 1,863,337 19,306 1,882,643
At 31 May 2023 1,454,834 25,164 1,479,998

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD. (REGISTERED NUMBER: 03088676)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 16,334 6,348
Amounts owed by associates - 136,700
Other debtors 111,915 17,472
128,249 160,520

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 8,914 8,695
Trade creditors 140,298 35,797
Amounts owed to associates 1,656,908 -
Taxation and social security 24,467 23,652
Other creditors 10,522 1,790,651
1,841,109 1,858,795

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 9,140 18,054
Other creditors - 200,000
9,140 218,054

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 1,000,000

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHEFFIELD F.C. THE OLDEST FOOTBALL CLUB
IN THE WORLD' EST 1857 LTD.

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 Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd. for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd., 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 Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd. and state those matters that we have agreed to state to the Board of Directors of Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd. 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 Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd.. You consider that Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd. 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 Sheffield F.c. The Oldest Football Club In The World' Est 1857 Ltd.. 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.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


24 September 2024