STANWAY PEGASUS FC C.I.C.

Company limited by guarantee

Company Registration Number:
13370362 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

STANWAY PEGASUS FC C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

STANWAY PEGASUS FC C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 8,396 9,457
Total fixed assets: 8,396 9,457
Current assets
Cash at bank and in hand: 7,370 7,694
Total current assets: 7,370 7,694
Creditors: amounts falling due within one year: 4 ( 4,608 ) ( 7,035 )
Net current assets (liabilities): 2,762 659
Total assets less current liabilities: 11,158 10,116
Provision for liabilities: ( 1,595 )
Total net assets (liabilities): 9,563 10,116
Members' funds
Profit and loss account: 9,563 10,116
Total members' funds: 9,563 10,116

The notes form part of these financial statements

STANWAY PEGASUS FC C.I.C.

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 February 2025
and signed on behalf of the board by:

Name: Ian Booth
Status: Director

The notes form part of these financial statements

STANWAY PEGASUS FC C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and Machinery 10% straight line basis

    Other accounting policies

    Financial Instruments The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

STANWAY PEGASUS FC C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

STANWAY PEGASUS FC C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 10,615 10,615
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 10,615 10,615
Depreciation
At 1 June 2023 1,158 1,158
Charge for year 1,061 1,061
On disposals
Other adjustments
At 31 May 2024 2,219 2,219
Net book value
At 31 May 2024 8,396 8,396
At 31 May 2023 9,457 9,457

STANWAY PEGASUS FC C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 6,655
Taxation and social security 633 140
Other creditors 3,975 240
Total 4,608 7,035

COMMUNITY INTEREST ANNUAL REPORT

STANWAY PEGASUS FC C.I.C.

Company Number: 13370362 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Working with the community to provide an area where football for many ages can be played by all walks of people. The club now has teams at every age with many fundraising events now held.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 February 2025

And signed on behalf of the board by:
Name: Ian Booth
Status: Director