Silverfin false false 30/06/2024 01/07/2023 30/06/2024 David Arnold Bennett 05/05/2017 Brian Bjelde 19/06/2024 Peter Bradley Freund 14/09/2018 Paul Gwinn 19/06/2024 20/02/2018 Daniel James Hall 19/06/2024 Morgan Anderson Harris 19/06/2024 Todd William Johnson 19/06/2024 01/07/2023 Mark Roger Odams 19/10/2018 Matthew Rizzetta 19/06/2024 Stephen Roy Thompson 05/05/2017 Craig Unger 19/06/2024 14/09/2018 20 February 2025 The principal activity of the Company during the financial year was football club. 10755779 2024-06-30 10755779 bus:Director1 2024-06-30 10755779 bus:Director2 2024-06-30 10755779 bus:Director3 2024-06-30 10755779 bus:Director4 2024-06-30 10755779 bus:Director5 2024-06-30 10755779 bus:Director6 2024-06-30 10755779 bus:Director7 2024-06-30 10755779 bus:Director8 2024-06-30 10755779 bus:Director9 2024-06-30 10755779 bus:Director10 2024-06-30 10755779 bus:Director11 2024-06-30 10755779 2023-06-30 10755779 core:CurrentFinancialInstruments 2024-06-30 10755779 core:CurrentFinancialInstruments 2023-06-30 10755779 core:Non-currentFinancialInstruments 2024-06-30 10755779 core:Non-currentFinancialInstruments 2023-06-30 10755779 core:ShareCapital 2024-06-30 10755779 core:ShareCapital 2023-06-30 10755779 core:SharePremium 2024-06-30 10755779 core:SharePremium 2023-06-30 10755779 core:RetainedEarningsAccumulatedLosses 2024-06-30 10755779 core:RetainedEarningsAccumulatedLosses 2023-06-30 10755779 core:LandBuildings 2023-06-30 10755779 core:OtherPropertyPlantEquipment 2023-06-30 10755779 core:LandBuildings 2024-06-30 10755779 core:OtherPropertyPlantEquipment 2024-06-30 10755779 core:MoreThanFiveYears 2024-06-30 10755779 core:MoreThanFiveYears 2023-06-30 10755779 2023-07-01 2024-06-30 10755779 bus:FilletedAccounts 2023-07-01 2024-06-30 10755779 bus:SmallEntities 2023-07-01 2024-06-30 10755779 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10755779 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10755779 bus:Director1 2023-07-01 2024-06-30 10755779 bus:Director2 2023-07-01 2024-06-30 10755779 bus:Director3 2023-07-01 2024-06-30 10755779 bus:Director4 2023-07-01 2024-06-30 10755779 bus:Director5 2023-07-01 2024-06-30 10755779 bus:Director6 2023-07-01 2024-06-30 10755779 bus:Director7 2023-07-01 2024-06-30 10755779 bus:Director8 2023-07-01 2024-06-30 10755779 bus:Director9 2023-07-01 2024-06-30 10755779 bus:Director10 2023-07-01 2024-06-30 10755779 bus:Director11 2023-07-01 2024-06-30 10755779 core:LandBuildings 2023-07-01 2024-06-30 10755779 core:LandBuildings core:BottomRangeValue 2023-07-01 2024-06-30 10755779 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 10755779 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 10755779 2022-07-01 2023-06-30 10755779 core:MoreThanFiveYears 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 10755779 (England and Wales)

DAGENHAM AND REDBRIDGE FC 2017 LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

DAGENHAM AND REDBRIDGE FC 2017 LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

DAGENHAM AND REDBRIDGE FC 2017 LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
DAGENHAM AND REDBRIDGE FC 2017 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS David Arnold Bennett
Brian Bjelde (Appointed 19 June 2024)
Peter Bradley Freund
Paul Gwinn (Resigned 19 June 2024)
Daniel James Hall (Appointed 19 June 2024)
Morgan Anderson Harris (Appointed 19 June 2024)
Todd William Johnson (Appointed 01 July 2023, Resigned 19 June 2024)
Mark Roger Odams
Matthew Rizzetta (Appointed 19 June 2024)
Stephen Roy Thompson
Craig Unger (Resigned 19 June 2024)
REGISTERED OFFICE Victoria Road Ground
Victoria Road
Dagenham
RM10 7XL
United Kingdom
COMPANY NUMBER 10755779 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
DAGENHAM AND REDBRIDGE FC 2017 LIMITED

BALANCE SHEET

As at 30 June 2024
DAGENHAM AND REDBRIDGE FC 2017 LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 961,377 1,081,154
961,377 1,081,154
Current assets
Stocks 33,620 39,896
Debtors 4 718,227 570,183
Cash at bank and in hand 139,816 50,556
891,663 660,635
Creditors: amounts falling due within one year 5 ( 383,143) ( 438,038)
Net current assets 508,520 222,597
Total assets less current liabilities 1,469,897 1,303,751
Creditors: amounts falling due after more than one year 6 ( 1,047,087) ( 1,142,213)
Provision for liabilities ( 7,180) ( 10,760)
Net assets 415,630 150,778
Capital and reserves
Called-up share capital 85,691 67,757
Share premium account 9,182,513 7,317,377
Profit and loss account ( 8,852,574 ) ( 7,234,356 )
Total shareholders' funds 415,630 150,778

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dagenham and Redbridge FC 2017 Limited (registered number: 10755779) were approved and authorised for issue by the Board of Directors on 20 February 2025. They were signed on its behalf by:

Stephen Roy Thompson
Director
DAGENHAM AND REDBRIDGE FC 2017 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
DAGENHAM AND REDBRIDGE FC 2017 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dagenham and Redbridge FC 2017 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Victoria Road Ground, Victoria Road, Dagenham, RM10 7XL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents income receivable from commercial activities excluding value added tax. Broadcast and match day income is recognised when related matches are played. Advance season ticket sales are included in deferred income and released to turnover in the relevant season.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 % reducing balance
10 - 25 years straight line
Plant and machinery etc. 25 % reducing balance
Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 113 107

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 July 2023 1,663,319 132,271 1,795,590
At 30 June 2024 1,663,319 132,271 1,795,590
Accumulated depreciation
At 01 July 2023 624,801 89,635 714,436
Charge for the financial year 109,117 10,660 119,777
At 30 June 2024 733,918 100,295 834,213
Net book value
At 30 June 2024 929,401 31,976 961,377
At 30 June 2023 1,038,518 42,636 1,081,154

4. Debtors

2024 2023
£ £
Trade debtors 44,430 44,327
Other debtors 673,797 525,856
718,227 570,183

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 22,982 25,000
Trade creditors 53,186 90,613
Other taxation and social security 87,491 127,529
Other creditors 219,484 194,896
383,143 438,038

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 11,369 21,366
Other creditors 1,035,718 1,120,847
1,047,087 1,142,213

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other creditors (secured / repayable by instalments) 402,000 435,500

Other creditors amounting to £536,000 (2023: £536,000) are secured on a fixed and floating charge over all the assets of the business.

7. Financial commitments

Other financial commitments

The total financial commitments at the year end is £682,500 (2023: £712,500)

8. Ultimate controlling party

Parent Company:

Daggers FC USA, LLC