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REGISTERED NUMBER: 05488155 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2024

FOR

EASTLEIGH FOOTBALL CLUB LIMITED

EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTLEIGH FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MAY 2024







DIRECTORS: M Geddes
A Prebble
T Coffey
A Pike
R Hill





REGISTERED OFFICE: Silverlake Stadium
Stoneham Lane
Eastleigh
Hampshire
SO50 9HT





REGISTERED NUMBER: 05488155 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)

BALANCE SHEET
30 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,918,067 3,390,010

CURRENT ASSETS
Debtors 5 136,725 51,925
Cash at bank and in hand 113,358 54,900
250,083 106,825
CREDITORS
Amounts falling due within one year 6 1,494,190 952,165
NET CURRENT LIABILITIES (1,244,107 ) (845,340 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,673,960 2,544,670

CREDITORS
Amounts falling due after more than one
year

7

271,809

265,959
NET ASSETS 2,402,151 2,278,711

CAPITAL AND RESERVES
Called up share capital 8 10,000,000 10,000,000
Retained earnings (7,597,849 ) (7,721,289 )
SHAREHOLDERS' FUNDS 2,402,151 2,278,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)

BALANCE SHEET - continued
30 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 27 February 2025 and were signed on its behalf by:





T Coffey - Director


EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024

1. STATUTORY INFORMATION

Eastleigh 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements have been prepared on a going concern basis even though the company has net current liabilities at 31 May 2024 of £2,244,107 (2023 - £845,340).

The validity of the going concern principle is dependant upon the company beginning to breakeven and have the continued support of the company's creditors.

If the company was unable to continue trading, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, reclassify fixed assets as current assets and to provide for further liabilities that might arise.

Turnover
Turnover comprises the net invoiced sales during the year, excluding value added tax.

Sales relating to car park rentals, sponsorship and season tickets for future periods are not recognised in the year and are included in deferred income in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
All weather pitch - Straight line over 20 years
Stands and covered accommodation - Straight line over 20 years
Car parks, fencing & lighting - Straight line over 20 years
Plant and machinery - Straight line over 5 years
Fixtures and fittings - 15% on reducing balance

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.


EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 81 (2023 - 114 ) .

4. TANGIBLE FIXED ASSETS
Stands Car
All and parks,
weather covered fencing &
pitch accommodation lighting
£    £    £   
COST
At 31 May 2023 196,202 3,941,283 560,177
Additions - 761,129 -
At 30 May 2024 196,202 4,702,412 560,177
DEPRECIATION
At 31 May 2023 165,927 1,088,004 239,400
Charge for year 9,810 170,043 22,384
At 30 May 2024 175,737 1,258,047 261,784
NET BOOK VALUE
At 30 May 2024 20,465 3,444,365 298,393
At 30 May 2023 30,275 2,853,279 320,777

EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 31 May 2023 147,445 538,763 68,707 5,452,577
Additions - - - 761,129
At 30 May 2024 147,445 538,763 68,707 6,213,706
DEPRECIATION
At 31 May 2023 142,724 367,654 58,858 2,062,567
Charge for year 3,879 26,141 815 233,072
At 30 May 2024 146,603 393,795 59,673 2,295,639
NET BOOK VALUE
At 30 May 2024 842 144,968 9,034 3,918,067
At 30 May 2023 4,721 171,109 9,849 3,390,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,431 50,043
Other debtors 1,294 1,882
136,725 51,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 55,297
Taxation and social security 110,613 49,789
Other creditors 1,383,577 847,079
1,494,190 952,165

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 271,809 265,959

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 193,484 243,559

EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000,000 Ordinary A £1 10,000,000 10,000,000